USB Q4 2023 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.4B+29.5% YoY

Gross Profit

$6.2B59.9% margin

Operating Income

$1.0B9.6% margin

Net Income

$847M8.2% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$416M

Free Cash Flow

$416M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$663.5B

Total Liabilities

$607.7B

Stockholders' Equity

$55.3B

Cash & Equivalents

$61.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.4B	$8.0B	+29.5%
Gross Profit	$6.2B	$5.1B	+20.9%
Operating Income	$1.0B	$1.1B	-9.2%
Net Income	$847M	$925M	-8.4%

Revenue Segments

Wealth Management And Investment Services

$5.4B46%

Payment Services

$3.8B33%

Consumer And Small Business Banking

$2.2B19%

Treasury and Corporate Support

$220M2%