Finance
U.S. Bancorp Lending Income Beat Estimates in Third Quarter
This article is for subscribers only.
U.S. Bancorp raked in net interest income that topped analyst estimates as fixed-rate assets in its portfolio benefited from higher borrowing costs.
The Minneapolis-based bank reported $4.14 billion of NII — what it generates from lending minus what it pays for deposits — in the third quarter, according to a statement Wednesday. That beat analysts’ estimates of almost $4.04 billion.