Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | $24,302 | $28,144 | $27,455 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $4,959 | $7,963 | $5,825 | $5,429 | $6,299 |
Over the analyzed period, US Bancorp’s reported income statement presents an unusual pattern. In 2020 and 2021, the company reported zero revenue, gross profit, and operating income, while net income increased from 4,959 million USD in 2020 to 7,963 million USD in 2021, suggesting these early figures may reflect non-operating items or adjustments rather than core banking revenue. Beginning in 2022, revenue becomes a reported metric, with 24,302 million USD generated, a figure that grows by approximately 16% to 28,144 million USD in 2023, before slightly falling to 27,455 million USD in 2024. Despite this revenue uptick, net income declines from 7,963 million USD in 2021 to 5,825 million USD in 2022 and 5,429 million USD in 2023, before rebounding to 6,299 million USD in 2024—a notable recovery of roughly 16% from 2023. The absence of reported figures for gross profit and operating income precludes a complete evaluation of operational efficiency, but the divergence between rising revenue and the subdued net income levels in the mid-year period warrants further investigation into cost structure or non-recurring items. In context, US Bancorp operates in an intensely competitive U.S. banking environment where shifts in interest rates, regulatory changes, and market conditions can profoundly affect performance. Although the recent recovery in net income highlights resilience, the mixed trends—especially the decline in net income relative to increasing revenues in 2022 and 2023—suggest caution. Overall, while the company appears stable in its latter years, the data indicate potential underlying pressures on profitability that merit deeper operational analysis for long‑term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.