US Bancorp (0LHY.L) Q4 2024: 0lhy L

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US Bancorp

0LHY.L

$51.69 0.41%

Exchange: LSE | Sector: Financial Services | Industry: Banks

Q4 2024

Published: Feb 21, 2025

Earnings Highlights

Revenue of $10.66B up 2.7% year-over-year
EPS of $1.01 increased by 106.1% from previous year
Gross margin of 60.2%
Net income of 1.66B
"Our commitment to enhancing shareholder value through strategic investments in digital solutions and service efficiency has yielded positive outcomes as evidenced by our profitability metrics." - Andrew Cecere

0LHY.L

US Bancorp

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 9, 2025

Executive Summary

US Bancorp reported impressive results for Q4 2024, with net income reaching $1.663 billion, reflecting a 96.34% year-over-year increase, buoyed by strategic growth initiatives and cost management. Revenue for the quarter stood at $10.664 billion, though it showed a slight decrease of 1.11% from the previous quarter. The management highlighted a robust demand for loan products and expansion in wealth management services, proving resilient in a challenging interest rate environment.

Despite the dip in quarter-over-quarter revenue, the strong uptick in annual earnings and operating income indicates effective operational efficiencies and strategic focus on higher-margin products. The management emphasized a commitment to maintaining a solid balance sheet and enhancing customer value, setting a hopeful tone for upcoming quarters as they navigate the macroeconomic pressures in the financial services sector.

Key Performance Indicators

Revenue

Increasing

10.66B

QoQ: -1.11% | YoY: 2.71%

Gross Profit

Increasing

6.42B

60.19% margin

QoQ: 2.28% | YoY: 3.22%

Operating Income

Increasing

2.11B

QoQ: 1.74% | YoY: 110.80%

Net Income

Increasing

1.66B

QoQ: -2.98% | YoY: 96.34%

EPS

Increasing

1.01

QoQ: -1.94% | YoY: 106.12%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Performance Summary:
- Revenue: $10.664 billion (YoY: +2.71%, QoQ: -1.11%)
- Net Income: $1.663 billion (YoY: +96.34%, QoQ: -2.98%)
- EPS: $1.01 (YoY: +106.12%, QoQ: -1.94%)

The growth in net income was fueled by operational improvements and effective cost management, leading to an operating income of $2.108 billion. This reflects a strong operating profit margin of 19.77%, up significantly from previous quarters. The gross profit margin of 60.19% confirms US Bancorp's efficiency in managing its cost of revenue, which amounted to $4.245 billion. Overall, the metrics indicate a sound operational strategy, though a quarter-over-quarter revenue decline could imply challenges in maintaining growth momentum.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	10.66B	2.71%	-1.11%
Gross Profit	6.42B	3.22%	2.28%
Operating Income	2.11B	110.80%	1.74%
Net Income	1.66B	96.34%	-2.98%
EPS	1.01	106.12%	-1.94%

Key Financial Ratios

Operating Profit Margin

Good

19.50%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

15.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.24%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.82%

Return on equity suggests inefficient capital allocation

Debt to Equity

High Risk

1.28

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

11.26x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.27x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	7,604.00	1.11	-29.6%	View
Q1 2025	10,352.00	1.03	-1.1%	View
Q4 2024	10,664.00	1.01	+2.7%	View
Q3 2024	10,784.00	1.03	+2.5%	View
Q2 2024	10,800.00	0.97	+5.4%	View

US Bancorp (0LHY.L) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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