US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows
US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows
The net interest U.S. Bancorp (NYSE:USB) shares are trading higher after it reported second-quarter FY24 results.
美國合衆銀行 (NYSE: USB) 股票因發佈 24 年第二季度業績而上漲。
Revenue stood at $6.867 billion (-4.3% Y/Y), beating the consensus of $6.795 billion.
營業收入爲 68.67 億美元(-4.3% Y/Y)，超出預期的 67.95 億美元。
Net interest income (taxable-equivalent basis) fell 8.9% Y/Y to $4.05 billion owing to the impact of higher interest rates on deposit mix and pricing.
由於利率期貨對存款結構和定價的影響，稅前淨利息收益額同比下降 8.9% 至 40.5 億美元。
The net interest margin decreased to 2.67% in the second quarter of 2024 from 2.90% in the year-ago quarter.
2024 年第二季度淨利息收益率爲 2.67%，低於去年同期的 2.90%。
Meanwhile, non-interest income rose 3.3% Y/Y to $2.8 billion, aided by higher fee revenue across most categories.
與此同時，非利息收入同比上漲 3.3% 至 28 億美元，受到大多數類別的較高費用收入的支持。
Adjusted earnings per share totaled $0.98, beating the consensus of $0.94.
調整後的每股收益爲 0.98 美元，超出預期的 0.94 美元。
The provision for credit losses for the second quarter of 2024 was $568 million, down 30.8% Y/Y, due to stabilization in the economic and credit environment.
由於經濟和信貸環境的穩定，2024 年第二季度信用損失準備金爲 5680 萬美元，同比下降 30.8%。
The company recorded an average total loan increase of 1.0% Y/Y and an average total deposit growth of 2.2% on a linked quarter basis.
該公司的總貸款平均增長率爲 1.0% 同比增長，總存款平均增長率爲 2.2% 環比增長。
The company reported a CET1 capital ratio of 10.3% as of June end, compared with 10.0% at March end.
截至六月底，該公司 CET1 資本充足率爲 10.3%，3 月底爲 10.0%。
Andy Cecere, Chairman, President and CEO, said, "This quarter we generated $6.9 billion in net revenue driven by improved linked quarter net interest income, supported by healthy deposit growth, and continued momentum in leveraging our diversified fee income platform to deepen relationships."
主席、總裁兼首席執行官 Andy Cecere 表示，"本季度我們實現了 69 億美元的淨收入，得益於環比淨利息收益的改善，支持了健康的存款增長，並繼續努力發揮我們多元化費用收入平台的推動作用，深化業務關係。"
"We continued to invest for the future while managing our operating expenses prudently, with both linked quarter and year-over-year declines in noninterest expense."
"在謹慎管理營業費用的同時，我們繼續爲未來投資，營業費用環比和同比均有所下降。"
Outlook: USB reiterated FY24 net interest income (taxable-equivalent basis) guidance at $16.1 billion-$16.4 billion.
展望：USb 重申 FY24 稅前淨利息收益額預計爲 161 億至 164 億美元。
For the third quarter, USB expects net interest income (taxable-equivalent basis) to be relatively stable sequentially.
對於第三季度，USb 預計稅前淨利息收益額將相對穩定。
Investors can gain exposure to the stock via IShares U.S. Regional Banks ETF (NYSE:IAT) and First Trust Nasdaq Bank ETF (NASDAQ:FTXO).
投資者可以通過 iShares U.S. Regional Banks ETF (NY 類：IAT) 和 First Trust Nasdaq Bank ETF (NASDAQ：FTXO) 來接觸這隻股票。
Price Action: USB shares are up 1.41% at $43.90 premarket at the last check Wednesday.
USb 股票在週三最後交易時上漲 1.41%，盤前報 43.90 美元。
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