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U.S. Bancorp's credit losses provision for the three months ended in Mar. 2014 was $306 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2014 was $1,243 Mil.
U.S. Bancorp's quarterly credit losses provision declined from Sep. 2013 ($298 Mil) to Dec. 2013 ($277 Mil) but then increased from Dec. 2013 ($277 Mil) to Mar. 2014 ($306 Mil).
U.S. Bancorp's annual credit losses provision declined from Dec. 2011 ($2,343 Mil) to Dec. 2012 ($1,882 Mil) and declined from Dec. 2012 ($1,882 Mil) to Dec. 2013 ($1,340 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
U.S. Bancorp Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2014 was 362 (Jun. 2013 ) + 298 (Sep. 2013 ) + 277 (Dec. 2013 ) + 306 (Mar. 2014 ) = $1,243 Mil.
U.S. Bancorp Annual Data
U.S. Bancorp Quarterly Data