NYSE$USB
US Bancorp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Net income decreased due to higher provision for credit losses, while net interest income increased due to loan growth.
U.S. Bancorp reported a net income of $1.6 billion and diluted earnings per common share of $0.99 for Q1 2022. The results were driven by healthy trends in consumer and business activity, with strong loan growth and solid growth in net interest income. Fee revenue growth was supported by improving business activity and new business wins.
- Net income was $1.6 billion and diluted earnings per common share was $0.99.
- Return on average assets was 1.09% and return on average common equity was 12.7%.
- Net revenue was $5.6 billion, including $3.2 billion of net interest income and $2.4 billion of noninterest income.
- Average total loans and earning assets grew by 6.5% year-over-year, with average total loans growing by 3.4% on a linked quarter basis.
Headline financials
Revenue & EPS history
US Bancorp · Revenue · Quarterly
$5.57B
Revenue by segment
US Bancorp · $4.73B total across 4 segments · Q1 2022
- Consumer & Business$1.98B-11.8%41.9%
- Payment Services$1.48B+4.7%31.3%
- Corporate & Commercial$980M+5.9%20.7%
- Treasury & Corporate$288M—6.1%
Forward guidance
U.S. Bancorp is working on integration activities related to its planned acquisition of Union Bank and remains confident the strategic and financial merits of this deal will meaningfully enhance shareholder value.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.0%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.2%
Avg return
30 days after
54%
39 / 72 earnings
Positive
+7.1%
Q2 2023
Best reaction
-11.2%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +0.8% | -5.8% | |
| Q3 2025 | -1.8% | +2.5% | +1.4% | |
| Q2 2025 | +0.5% | -0.9% | +5.4% | |
| Q1 2025 | -2.1% | -2.1% | +16.3% | |
| Q4 2024 | -5.0% | -3.1% | -6.2% | |
| Q3 2024 | +6.3% | +2.0% | +6.2% | |
| Q2 2024 | +2.6% | +4.0% | -0.2% | |
| Q1 2024 | -3.8% | +0.1% | +1.0% | |
| Q4 2023 | -3.0% | +1.0% | +0.3% | |
| Q3 2023 | -6.1% | -10.4% | +7.9% | |
| Q2 2023 | +7.1% | +7.4% | +0.8% | |
| Q1 2023 | -1.2% | -6.8% | -14.4% | |
| Q4 2022 | +4.3% | +4.6% | +2.1% | |
| Q3 2022 | +3.1% | -0.3% | +8.6% | |
| Q2 2022 | +5.5% | +6.3% | +10.2% | |
| Q1 2022 | +4.2% | +4.5% | -4.0% | |
| Q4 2021 | -8.4% | -8.7% | -8.2% | |
| Q3 2021 | -2.0% | -0.2% | -1.6% | |
| Q2 2021 | +0.3% | -1.6% | +2.2% | |
| Q1 2021 | +0.5% | -2.4% | +7.5% | |
| Q4 2020 | -5.0% | -4.8% | +4.1% | |
| Q3 2020 | +1.9% | +1.4% | +12.7% | |
| Q2 2020 | +3.5% | -2.0% | +4.1% | |
| Q1 2020 | -11.2% | -4.3% | -14.3% | |
| Q4 2019 | -2.5% | -2.2% | -2.6% | |
| Q3 2019 | +1.8% | +4.5% | +9.9% | |
| Q2 2019 | +4.1% | +4.3% | -1.4% | |
| Q1 2019 | +1.8% | +1.8% | +2.5% | |
| Q4 2018 | +3.7% | +4.7% | +7.0% | |
| Q3 2018 | +2.3% | +0.9% | +7.7% | |
| Q2 2018 | +0.1% | +1.1% | +3.9% | |
| Q1 2018 | -0.6% | -0.9% | -0.9% | |
| Q4 2017 | -1.8% | +0.2% | -2.7% | |
| Q3 2017 | -0.5% | +0.5% | -3.7% | |
| Q2 2017 | +1.6% | +2.2% | +0.1% | |
| Q1 2017 | +1.8% | +3.5% | +2.6% | |
| Q4 2016 | +0.8% | +1.3% | +9.1% | |
| Q3 2016 | +2.2% | +2.3% | +14.5% | |
| Q2 2016 | +1.5% | +1.7% | +3.6% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | -2.0% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | +4.5% | — | — | |
| Q1 2015 | -1.4% | — | — | |
| Q4 2014 | +5.4% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | +2.2% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q4 2008 | -1.5% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q3 2010 | -3.4% | — | — | |
| Q1 2009 | +4.2% | — | — | |
| Q1 2010 | +1.5% | — | — | |
| Q4 2007 | +0.9% | — | — | |
| Q3 2009 | +2.2% | — | — | |
| Q3 2008 | +2.2% | — | — | |
| Q2 2008 | -4.9% | — | — | |
| Q2 2009 | -4.9% | — | — |
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