U.S. Bancorp: NII Growth, Dividend Increase, Upside

Core Insights - U.S. Bancorp reported better-than-expected earnings for its second fiscal quarter driven by strong loan performance, reduced credit provisions, and high interest rates boosting net interest income [1] Financial Performance - The bank's earnings exceeded analyst expectations due to robust loan performance [1] - Falling credit provisions contributed positively to the earnings report [1] - High interest rates have supported an increase in net interest income for the bank [1]