USB Q3 2023 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.5B+46.1% YoY

Gross Profit

$6.5B61.7% margin

Operating Income

$2.0B18.6% margin

Net Income

$1.5B14.5% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$3.9B

Free Cash Flow

$3.9B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$668.0B

Total Liabilities

$614.5B

Stockholders' Equity

$53.1B

Cash & Equivalents

$64.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.5B	$7.2B	+46.1%
Gross Profit	$6.5B	$5.9B	+9.3%
Operating Income	$2.0B	$2.3B	-14.9%
Net Income	$1.5B	$1.8B	-15.9%

Revenue Segments

Wealth Management And Investment Services

$2.5B36%

Consumer And Small Business Banking

$2.5B35%

Payment Services

$1.7B25%

Treasury and Corporate Support

$323M5%