NYSE$USB
US Bancorp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported fourth quarter and full year results, demonstrating diversified business model and strong credit quality.
U.S. Bancorp reported a net income of $1,673 million and diluted earnings per common share of $1.07 for Q4 2021. The results reflect the value of the diversified business model and strong credit quality, with a net charge-off ratio at a historical low. Deposit growth was strong, supporting loan growth and investment strategies.
- Net income was $1,673 million and diluted earnings per common share was $1.07 for 4Q21.
- Return on average assets was 1.16% and return on average common equity was 13.0% for 4Q21.
- Net revenue decline driven by lower mortgage banking revenue, partially offset by higher trust and investment management fees.
- Net charge-off ratio was 0.17% in 4Q21, compared with 0.20% in 3Q21 and 0.58% in 4Q20.
Headline financials
Revenue & EPS history
US Bancorp · Revenue · Quarterly
$5.66B
Revenue by segment
US Bancorp · $4.85B total across 4 segments · Q4 2021
- Consumer & Business$2.06B—42.5%
- Payment Services$1.52B—31.4%
- Corporate & Commercial$977M—20.2%
- Treasury & Corporate$288M—5.9%
Forward guidance
U.S. Bancorp is focused on digital transformation, payments ecosystem initiatives, customer spend activity and loan growth.
Tailwinds
- Investments in digital transformation will enable customer and revenue growth.
- Payments ecosystem initiatives will enable customer and revenue growth.
- Expect continued momentum in customer spend activity.
- Expect continued momentum in loan growth.
- Acquisition of TravelBank provides tech-led expense and travel management solutions.
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 Q4 2021
+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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