U.S. Bancorp (USB) Reports In-Line Q3 EPS
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U.S. Bancorp Reports Third Quarter 2016 Earnings
October 19, 2016 6:45 AM EDTRecord Earnings Per Diluted Common Share of $0.84
Return on average assets of 1.36 percent and average common equity of 13.5 percent
Returned 79 percent of third quarter earnings to shareholders
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,502 million for the third quarter of 2016, or $0.84 per diluted common share, compared with $1,489 million, or $0.81 per diluted common share, in the third quarter of 2015.
Highlights for the third quarter of 2016 included:
Industry-leading return on average assets of 1.36 percent, return on... More