Market Overview

US Bancorp Reports Q4 EPS $0.72 vs $0.75 Est

U.S. Bancorp (NYSE: USB) today reported net income of $1,420 million for
the fourth quarter of 2012, or $.72 per diluted common share, and $5,647
million of net income, or $2.84 per diluted common share, for full year
2012. Included in the fourth quarter of 2012 results was a previously
disclosed $80 million expense accrual for a mortgage foreclosure-related
regulatory settlement, which reduced quarterly diluted earnings per
common share by $.03.

Summary highlights for the full year of 2012 included:

Record full year 2012 net income of $5.6 billion, 15.9 percent higher
than 2011

See full press release

Posted-In: Earnings News Guidance Management

 

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