More on U.S. Bancorp (USB) Q1 earnings: Loan growth of 5.8% Y/Y vs. deposit growth of 7.3%. Loan growth sequentially slowed to 1%. Fee income from mortgage banking drops to $401M from $452M a year ago, $476M in Q4. Net interest margin drops to 3.48% from 3.60 in Q4. Provision for credit losses drops to $403M from $443M in Q4 (just above $0.02/share). Shares +1.1% premarket. (PR)
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