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U.S. Bancorp (USB) Q4 Earnings Meet Estimates, Costs Rise
U.S. Bancorp USB reported fourth-quarter 2019 adjusted earnings per share of $1.08, in line with the Zacks Consensus Estimate. The bottom line jumped slightly from the prior-year quarter figure.
Higher loan and deposit balances were the driving factors. However, fall in interest and fee income was recorded. Also, escalating expenses and provisions were the undermining factors.
After considering notable items, net income came in at $1.49 billion or 90 cents per share compared with $1.86 billion or $1.10 reported in the prior-year quarter.
For full-year 2019, the company reported net income of $6.91 billion or $4.16 compared with $7.1 billion or $4.14 in 2018.
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https://finance.yahoo.com/news/u-bancorp...02488.html
![[Bild: USBc1dl1541.png]](https://finviz.com/publish/011620/USBc1dl1541.png)
U.S. Bancorp USB reported fourth-quarter 2019 adjusted earnings per share of $1.08, in line with the Zacks Consensus Estimate. The bottom line jumped slightly from the prior-year quarter figure.
Higher loan and deposit balances were the driving factors. However, fall in interest and fee income was recorded. Also, escalating expenses and provisions were the undermining factors.
After considering notable items, net income came in at $1.49 billion or 90 cents per share compared with $1.86 billion or $1.10 reported in the prior-year quarter.
For full-year 2019, the company reported net income of $6.91 billion or $4.16 compared with $7.1 billion or $4.14 in 2018.
...
https://finance.yahoo.com/news/u-bancorp...02488.html
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