Performance
Review our financial highlights and financial summary below
Review our financial highlights and financial summary below
Diluted Earnings per Common Share
Dividends Declared per Common Share
Return on Average Assets
Return on Average Common Equity
Dividend Payout Ratio
Net Interest Margin (a)
Efficiency Ratio (b)
Common Equity Tier 1 Capital (c)
Average Assets (in millions)
Shareholders’ Equity (in millions)
Total Risk-Based Capital (c)
2018 | 2017 | 2018 v 2017 | |
---|---|---|---|
Net interest income | $12,919 | $12,380 | 4.4% |
Taxable-equivalent adjustment (a) | 116 | 205 | (43.4) |
Net interest income (taxable-equivalent basis) (b) | 13,035 | 12,585 | 3.6 |
Noninterest income | 9,602 | 9,317 | 3.1 |
Total net revenue | 22,637 | 21,902 | 3.4 |
Noninterest expense | 12,464 | 12,790 | (2.5) |
Provision for credit losses | 1,379 | 1,390 | (.8) |
Income taxes and taxable-equivalent adjustment | 1,670 | 1,469 | 13.7 |
Net income | 7,124 | 6,253 | 13.9 |
Net (income) loss attributable to noncontrolling interests | (28) | (35) | 20.0 |
Net income attributable to U.S. Bancorp | $7,096 | $6,218 | 14.1 |
Net income applicable to U.S. Bancorp common shareholders | $6,784 | $5,913 | 14.7 |
2018 | 2017 | 2018 v 2017 | |
---|---|---|---|
Earnings per share | $4.15 | $3.53 | 17.6% |
Diluted earnings per share | 4.14 | 3.51 | 17.9 |
Dividends declared per share | 1.34 | 1.16 | 15.5 |
Book value per share (c) | 28.01 | 26.34 | 6.3 |
Market value per share | 45.70 | 53.58 | (14.7) |
Average common shares outstanding | 1,634 | 1,677 | (2.6) |
Average diluted common shares outstanding | 1,638 | 1,683 | (2.7) |
2018 | 2017 | |
---|---|---|
Return on average assets | 1.55% | 1.39% |
Return on average common equity | 15.4 | 13.8 |
Net interest margin (taxable-equivalent basis) (a) | 3.14 | 3.10 |
Efficiency ratio (b) | 55.1 | 58.5 |
2018 | 2017 | 2018 v 2017 | |
---|---|---|---|
Loans | $280,701 | $276,537 | 1.5% |
Investment securities (d) | 113,940 | 111,820 | 1.9 |
Earning assets | 415,067 | 406,421 | 2.1 |
Assets | 457,014 | 448,582 | 1.9 |
Deposits | 333,462 | 333,514 | — |
Total U.S. Bancorp shareholders’ equity | 49,763 | 48,466 | 2.7 |
2018 | 2017 | 2018 v 2017 | |
---|---|---|---|
Loans | $286,810 | $280,432 | 2.3% |
Allowance for credit losses | 4,441 | 4,417 | .5 |
Investment securities | 112,165 | 112,499 | (.3) |
Assets | 467,374 | 462,040 | 1.2 |
Deposits | 345,475 | 347,215 | (.5) |
Total U.S. Bancorp shareholders’ equity | 51,029 | 49,040 | 4.1 |
2018 | 2017 | |
---|---|---|
Basel III standardized approach: | ||
Common equity tier 1 capital | 9.1% | 9.3% |
Tier 1 capital | 10.7 | 10.8 |
Total risk-based capital | 12.6 | 12.9 |
Leverage | 9.0 | 8.9 |
Common equity tier 1 capital to risk-weighted assets for the Basel III advanced approaches | 11.8 | 12.0 |
Tangible common equity to tangible assets (b) | 7.8 | 7.6 |
Tangible common equity to risk-weighted assets (b) | 9.4 | 9.4 |
Common equity tier 1 capital to risk-weighted assets estimated for the Basel III fully implemented standardized approach (b) | 9.1 | |
Common equity tier 1 capital to risk-weighted assets estimated for the Basel III fully implemented advanced approaches (b) | 11.6 |