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GuruFocus has detected 4 Warning Signs with US Bancorp $USB.
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US Bancorp (NYSE:USB)
Credit Losses Provision
$1,324 Mil (TTM As of Dec. 2016)

US Bancorp's credit losses provision for the three months ended in Dec. 2016 was $342 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $1,324 Mil.

US Bancorp's quarterly credit losses provision declined from Jun. 2016 ($327 Mil) to Sep. 2016 ($325 Mil) but then increased from Sep. 2016 ($325 Mil) to Dec. 2016 ($342 Mil).

US Bancorp's annual credit losses provision declined from Dec. 2014 ($1,229 Mil) to Dec. 2015 ($1,132 Mil) but then increased from Dec. 2015 ($1,132 Mil) to Dec. 2016 ($1,324 Mil).


Definition

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.

US Bancorp Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2016 was 330 (Mar. 2016 ) + 327 (Jun. 2016 ) + 325 (Sep. 2016 ) + 342 (Dec. 2016 ) = $1,324 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

US Bancorp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 7923,0965,5574,3562,3431,8821,3401,2291,1321,324

US Bancorp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
IS_CreditLossesProvision 311288264281282305330327325342
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