U.S. Bancorp Q3 2023 Earnings Conference Call

U.S. Bancorp reported third quarter 2023 net income of $465 million with diluted earnings per share of $0.49 and total revenue of $1.9 billion. The bank highlighted strong return on average tangible common equity of 20.6% and maintained a robust balance sheet with disciplined capital allocation. Loan portfolios showed modest growth with business loans stable and consumer loans increasing 1% quarter-over-quarter.