美國合眾銀行（U.S. Bancorp，NYSE:USB）週四盤前交易下跌。 該公司報告第四季度調整後每股收益為1.07美元，超過分析師預期的1.05美元。季度銷售收入為69.8億美元，略低於分析師共識預期的69.96億美元。 該公司註冊的有形普通股權益回報率為18.3%，平均資產回報率為1.03%，效率比率為59.9%，調整後為顯著項目。 季度調整後的正營運槓桿為190個基點。 美國合眾銀行董事長兼首席執行官Andy Cecere表示：“進入2025年，我們有良好的定位可提供行業領先的有形普通股權益回報，對我們未來增長的策略依然充滿信心，並有能力實現顯著的正營運槓桿。” 審查季度的淨利息收入增長0.9%至41.46億美元。非利息收入增長8.1%至28.33億美元。 美國合眾銀行歸屬的淨收入同比增長，主要由於總淨收入增加和非利息支出減少，這歸因於上一年同期顯著項目較多，但部分被信貸損失撥備增加所抵銷。 第四季度的淨利息利潤率從2023年第四季度的2.78%降至2024年第四季度的2.71%。 2024年第四季度公司的信貸損失撥備為5.6億美元，高於2024年第三季度的5.57億美元以及2023年第四季度的5.12億美元。 第三季度的增長為300萬美元（0.5%），而自2023年第四季度起的增長為4800萬美元（9.4%）。撥備年同比增長主要由於信用卡和商業房地產貸款損失增加。 展望方面：公司預計第一季度的淨利息收入較第四季度相對穩定。公司還預計正營運槓桿為+200個基點。 公司預計2025財年收入同比增長3%至5%。 公司表示，仍然關注經濟不確定因素，如利率、通脹及其它可能影響借款人的因素。 股價變動：截至週四最後檢查時，USB股價盤前交易下跌2.46%，至49.65美元。 此外： 臺積電（Taiwan Semiconductor）第四季度收益：3納米和5納米節點引領收入增長，擴大利潤率，發布強勁的第一季度展望。 圖片來源：JHVEPhoto，經Shutterstock授權使用。

以上內容來自Benzinga Earnings專欄，原文如下：

U.S. Bancorp (NYSE:USB) shares are trading lower in the premarket session on Thursday.

The company reported fourth quarter adjusted earnings per share of $1.07, beating the street view of $1.05. Quarterly sales of $6.98 billion marginally missed the analyst consensus estimate of $6.996 billion.

The company registered a return on tangible common equity of 18.3%, a return on average assets of 1.03%, and an efficiency ratio of 59.9%, adjusted for notable items.

Positive operating leverage in the quarter under review was 190 basis points, as adjusted for notable items.

“As we move into 2025, we are well positioned to deliver industry-leading returns on tangible common equity and remain confident in our strategy for future growth and our ability to deliver meaningful positive operating leverage,” said Andy Cecere, Chairman and CEO of U.S. Bancorp.

Net interest income in the quarter under review rose 0.9% to $4.146 billion. Noninterest income rose 8.1% to $2.833 billion.

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The increase in net income attributable to U.S. Bancorp year-over-year was primarily due to higher total net revenue and lower noninterest expense driven by higher notable items in the prior year quarter, partially offset by an increase in the provision for credit losses.

The net interest margin decreased to 2.71% in the fourth quarter of 2024 from 2.78% in the fourth quarter of 2023.

The company’s provision for credit losses in the fourth quarter of 2024 was $560 million, up from $557 million in the third quarter of 2024 and $512 million in the fourth quarter of 2023.

The increase from the third quarter was $3 million (0.5%), and from the fourth quarter of 2023, it was $48 million (9.4%). The higher provision year-over-year was mainly due to increased losses on credit card and commercial real estate loans.

Outlook: For the first quarter, the company sees relatively stable net interest income compared with the fourth quarter. The company also projects positive operating leverage of +200 bps.

The company sees FY25 revenues to increase 3% to 5% year over year.

The company said it continues to monitor economic uncertainties such as interest rates, inflation, and other factors that could impact borrowers.

Price Action: USB shares are trading lower by 2.46% to $49.65 premarket at last check Thursday.

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• Taiwan Semiconductor Q4 Earnings: 3nm and 5nm Nodes Lead Topline Growth, Expands Margins, Issues Strong Q1 Outlook

Photo by JHVEPhoto via Shutterstock.