More on U.S. Bancorp (USB): Profit increased 17.6% Y/Y. Net interest income +6.6% Y/Y, with net...


More on U.S. Bancorp (USB): Profit increased 17.6% Y/Y. Net interest income +6.6% Y/Y, with net interest margin -9 bps to 3.58%. Deposits +10.5% Y/Y, total loans +7.7%. Loan loss provisions $470M vs. $481M in Q1 and $572M a year ago. Tier 1 common equity ratio of 7.9% under Basel III. Shares +1% premarket. (PR)

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