US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows
US Bancorp Q2 Earnings: Net Interest Income Dips, But Fee Income Grows
U.S. Bancorp (NYSE:USB) shares are trading higher after it reported second-quarter FY24 results.
美国合众银行 (NYSE: USB) 股票因发布 24 年第二季度财报而上涨。
Revenue stood at $6.867 billion (-4.3% Y/Y), beating the consensus of $6.795 billion.
营业收入为 68.67 亿美元(-4.3% Y/Y)，超出预期的 67.95 亿美元。
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.
由于利率期货对存款结构和定价的影响，税前净利息收益额同比下降 8.9% 至 40.5 亿美元。
The net interest margin decreased to 2.67% in the second quarter of 2024 from 2.90% in the year-ago quarter.
2024 年第二季度净利息收益率为 2.67%，低于去年同期的 2.90%。
Meanwhile, non-interest income rose 3.3% Y/Y to $2.8 billion, aided by higher fee revenue across most categories.
与此同时，非利息收入同比上涨 3.3% 至 28 亿美元，受到大多数类别的较高费用收入的支持。
Adjusted earnings per share totaled $0.98, beating the consensus of $0.94.
调整后的每股收益为 0.98 美元，超出预期的 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.
由于经济和信贷环境的稳定，2024 年第二季度信用损失准备金为 5680 万美元，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.
该公司的总贷款平均增长率为 1.0% 同比增长，总存款平均增长率为 2.2% 环比增长。
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，该公司 CET1 资本充足率为 10.3%，3 月底为 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、总裁兼首席执行官 Andy Cecere 表示，"本季度我们实现了 69 亿美元的净收入，得益于环比净利息收益的改善，支持了健康的存款增长，并继续努力发挥我们多元化费用收入平台的推动作用，深化业务关系。"
"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."
"在谨慎管理营业费用的同时，我们继续为未来投资，营业费用环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 税前净利息收益额预计为 161 亿至 164 亿美元。
For the third quarter, USB expects net interest income (taxable-equivalent basis) to be relatively stable sequentially.
对于第三季度，USb 预计税前净利息收益额将相对稳定。
Investors can gain exposure to the stock via IShares U.S. Regional Banks ETF (NYSE:IAT) and First Trust Nasdaq Bank ETF (NASDAQ:FTXO).
投资者可以通过 iShares U.S. Regional Banks ETF (NY 类：IAT) 和 First Trust Nasdaq Bank ETF (NASDAQ：FTXO) 来接触这只股票。
Price Action: USB shares are up 1.41% at $43.90 premarket at the last check Wednesday.
USb 股票在周三最后交易时上涨 1.41%，盘前报 43.90 美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Photo by JHVEPhoto via Shutterstock
照片由JHVEPhoto通过Shutterstock提供