USB - Why U.S. Bancorp Shares Are Down Today | Benzinga
U.S. Bancorp (NYSE: USB) shares are trading lower after it reported a Q3 FY23 total adjusted net revenue of $7.000 billion, marginally missing the consensus of $7.010 billion.
Adjusted net interest income jumped 10.7% Y/Y to $4.24 billion, while adjusted noninterest income rose 11.9% Y/Y to $2.76 billion.
The net interest margin was 2.81%, compared with 2.83% in Q3 FY22, due to deposit mix and pricing.
Adjusted provision for credit losses in the quarter jumped to $515 ...