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.
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