U.S. Bancorp (USB) Reports In-Line Q2 EPS

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U.S. Bancorp Reports Second Quarter 2015 Earnings

July 15, 2015 7:15 AM EDT

Record Earnings Per Diluted Common Share

Return on average assets of 1.46 percent and average common equity of 14.3 percent

Returned 76 percent of second quarter earnings to shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,483 million for the second quarter of 2015, or $0.80 per diluted common share, compared with $1,495 million, or $0.78 per diluted common share, in the second quarter of 2014.

Highlights for the second quarter of 2015 included:

Return on average assets of 1.46 percent and... More

U.S. Bank Names Larry Otto St. Louis Market President

July 13, 2015 11:30 AM EDT

ST. LOUIS--(BUSINESS WIRE)-- U.S. Bank has hired longtime St. Louis banker Larry Otto as its market president, succeeding Joseph Imbs III who recently retired. Otto will lead the market in company-wide efforts and activities, and will direct commercial banking in the St. Louis metropolitan area.

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