USB Q2 2023 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.3B+60.9% YoY

Gross Profit

$6.3B61.6% margin

Operating Income

$1.8B17.1% margin

Net Income

$1.4B13.3% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

$3.3B

Free Cash Flow

$3.3B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$680.8B

Total Liabilities

$627.3B

Stockholders' Equity

$53.0B

Cash & Equivalents

$70.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.3B	$6.4B	+60.9%
Gross Profit	$6.3B	$5.7B	+11.4%
Operating Income	$1.8B	$1.9B	-10.1%
Net Income	$1.4B	$1.5B	-11.1%

Revenue Segments

Consumer And Small Business Banking

$2.6B37%

Payment Services

$1.7B24%

Corporate and Other

$1.4B19%

Wealth Management And Investment Services

$1.2B17%

Treasury and Corporate Support

$281M4%