U.S. Bancorp Looking for 2Q Loan Growth to Be Modest
By Allison Prang
U.S. Bancorp is expecting second-quarter fully taxable
equivalent net interest income, compared to the company's
first-quarter results, to rise in the low single digits, Chief
Financial Officer Terry Dolan told analysts.
The company looks for loan growth to be modest, he said, and
expects "payments fee revenue to continue to improve sequentially
as economic activity continues to accelerate." Noninterest
expenses, compared with the first quarter, are expected to be
For the full year, the company expects about a 21% taxable
equivalent tax rate. In January, Mr. Dolan said the company was
expecting that rate to be about 20%.
Write to Allison Prang at email@example.com
(END) Dow Jones Newswires
April 15, 2021 13:14 ET (17:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.