U.S. Bancorp Q1 Beats, Stock Down 1%

U.S. Bancorp reported Q1 adjusted EPS of $1.18, topping the $1.15 consensus by $0.03.
Revenue rose 4.7% YoY to $7.29 billion, slightly above the $7.28 billion forecast.
Net income increased 13.8% YoY to $1.95 billion, while net interest margin expanded to 2.77%.
Shares fell 1.10% in pre‑market trading despite the earnings beat.