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image: Christopher Dilts/Bloomberg

U.S. Bancorp quarterly profit rises 13.7 pct

April 18, 2018

Via: Yahoo

April 18 (Reuters) – Regional lender U.S. Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes.

Net income attributable to the bank rose to $1.68 billion, or 96 cents per share, in the first quarter ended March 31, from $1.47 billion, or 82 cents per share, a year earlier.

“We delivered solid growth in net interest income and high return fee businesses such as corporate payments, credit card, and wealth management and investment services,” Chief Executive Officer Andy Cecere said.

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