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US Bancorp Reveals Fall In Q1 Bottom Line

US Bancorp (USB) reported a profit for first quarter that fell from last year.

The company's profit totaled $1.09 billion, or $0.72 per share. This compares with $1.61 billion, or $1.00 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $5.77 billion from $5.58 billion last year.

US Bancorp earnings at a glance:

-Earnings (Q1): $1.09 Bln. vs. $1.61 Bln. last year.
-EPS (Q1): $0.72 vs. $1.00 last year.
-Analysts Estimate: $0.58
-Revenue (Q1): $5.77 Bln vs. $5.58 Bln last year.

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