U.S. Bancorp (USB) reported net income of $1.56 billion for the third quarter of 2017, or $0.88 per share, compared to $1.50 billion, or $0.84 per share, in the third quarter of 2016. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items. The company said the increase in net income year-over-year was principally due to a 4.1 percent increase in total net revenue driven by higher net interest income, partially offset by a 3.7 percent increase in noninterest expense.
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