US Bancorp Earnings Preview: Double-Digit EPS Growth Expected

US Bancorp (NYSE: USB) is scheduled to report fourth-quarter and full-year 2011 results tomorrow, January 18, before the opening bell. Net income and revenue have risen in the past three quarters. Investors will be looking for that trend to continue, rather than US Bancorp following in the footsteps of JP Morgan Chase (NYSE: JPM), which on Friday posted disappointing quarterly results.The consensus forecast of analysts is that this regional lender will report that its per-share earnings rose from $0.49 per share a year ago to $0.63. That estimate is unchanged from 60 days ago. And for the full year, analysts expect earnings to have risen 27.9% to $2.40 per share. That estimate is up a couple of pennies over the past 60 days. Note that analysts have underestimated US Bancorp's per-share earnings in the past six quarters.For the three months that ended in December, revenues are predicted to be up marginally to $4.8 billion. Also, analysts forecast that full-year revenues inched up 2.9% from the previous year to $18.7 billion.The CompanyMinneapolis-based US Bancorp provides various banking and financial services to individuals, corporations and charitable organizations in the U.S. through a network of more than 3,000 banking ...

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