Reported Q: Q3 2024 Rev YoY: +2.5% EPS YoY: +13.2% Move: -0.51%
US Bancorp
0LHY.L
$60.58 -0.51%
Exchange LSE Sector Financial Services Industry Banks
Q3 2024
Published: Nov 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0LHY.L

Reported

Report Date

Nov 5, 2024

Quarter Q3 2024

Revenue

10.78B

YoY: +2.5%

EPS

1.03

YoY: +13.2%

Market Move

-0.51%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $10.78B up 2.5% year-over-year
  • EPS of $1.03 increased by 13.2% from previous year
  • Gross margin of 58.2%
  • Net income of 1.71B
  • ""We are committed to growing our market share within both consumer and commercial banking, leveraging our robust technology infrastructure to deepen customer relationships."" - CEO, Andrew Cecere
0LHY.L
US Bancorp

Executive Summary

In Q3 2024, US Bancorp reported a revenue of $10.78 billion, showcasing a slight decline of 0.15% sequentially but a commendable increase of 2.53% year-over-year. The net income for the quarter reached $1.71 billion, reflecting a robust year-over-year growth of 12.54%, driven by a disciplined cost management strategy and improved customer demand. During the earnings call, management highlighted the ongoing commitment to expand both the consumer and commercial segments, aiming to fortify the bank's competitive edge in an evolving market.

The management's focus on digital transformation and data analytics is expected to enhance customer engagement and operational efficiency. Operating income rose to $2.07 billion, with a corresponding increase in operating margins to 19.21%. This solid performance amidst macroeconomic challenges positions US Bancorp favorably for future growth, catering to a diverse range of sectors across the US economy.

Key Performance Indicators

Revenue
Increasing
10.78B
QoQ: -0.15% | YoY: 2.53%
Gross Profit
Decreasing
6.28B
58.20% margin
QoQ: 0.10% | YoY: -3.22%
Operating Income
Increasing
2.07B
QoQ: 0.78% | YoY: 5.98%
Net Income
Increasing
1.71B
QoQ: 6.92% | YoY: 12.54%
EPS
Increasing
1.03
QoQ: 6.19% | YoY: 13.19%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 7,604.00 1.11 -29.6% View
Q1 2025 10,352.00 1.03 -1.1% View
Q4 2024 10,664.00 1.01 +2.7% View
Q3 2024 10,784.00 1.03 +2.5% View
Q2 2024 10,800.00 0.97 +5.4% View