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More on U.S. Bancorp (USB) Q2 earnings: Net income of $1.48B up 4.9% Y/Y. Net interest margin of...

More on U.S. Bancorp (USB) Q2 earnings: Net income of $1.48B up 4.9% Y/Y. Net interest margin of 3.43% off 15 bps from a year ago. Average total loans up 5.2% Y/Y, led by 11.2% growth in commercial loans. Average net charge-off/average loan ratio falls to 0.70% from 0.79% in Q1. 18M shares repurchased during quarter - combined with dividend, 73% of earnings returned to shareholders (inline with 60-80% goal). Tier 1 capital ratio rises to 11.1% CC at 8 ET. Shares -1% premarket. (PR)
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