October 17, 2018 / 10:55 AM / a month ago

U.S. Bancorp quarterly profit rises 17 pct

Oct 17 (Reuters) - Regional lender U.S. Bancorp reported a 17 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes.

Net income attributable to the bank’s common shareholders rose to $1.73 billion, or $1.06 per share, in the third quarter ended Sept. 30 from $1.49 billion, or 88 cents per share, a year earlier.

Total net revenue rose to $5.7 billion from $5.57 billion. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below