U.S. Bancorp (NYSE:USB) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $1.05 by 1.9 percent. This is a 8.08 percent increase over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $6.98 billion which missed the analyst consensus estimate of $7.00 billion by 0.25 percent. This is a 3.68 percent increase over sales of $6.73 billion the same period last year.