U.S. Bancorp (NYSE: USB) Thursday reported a rise in income and revenue for the fourth quarter of 2024. Earnings additionally got here in above analysts’ forecasts.
Complete internet income elevated 3.7% from final yr to $7.0 billion within the December quarter. At $33.19, e book worth per share was up 6.6% year-over-year.
Earnings, excluding particular gadgets, rose to $1.07 per share in This autumn from $0.99 per share within the corresponding interval of 2023. The underside line exceeded expectations. Internet earnings attributable to shareholders was $1.66 billion or $1.01 per share within the fourth quarter, in comparison with $847 million or $0.49 per share within the prior-year quarter.
“As we transfer into 2025, we’re effectively positioned to ship industry-leading returns on tangible frequent fairness and stay assured in our technique for future progress and our skill to ship significant optimistic working leverage,” mentioned the financial institution’s CEO Andy Cecere.