The good and the bad

January 22, 2009 at 3:15AM

U.S. Bancorp reported fourth-quarter profits Wednesday.

HIGHLIGHTS

• Loans and deposits grew at a healthy clip.

• Interest margins on loans have improved.

• Capital ratios are stronger than those of many peers.

LOWLIGHTS

• Nonperforming loans have nearly quadrupled.

• Loan losses forced the bank to dip into earnings to bolster reserves.

• Net income fell 65 percent.

about the writer

about the writer

More from Business

See More
card image
card image