April 18, 2018 / 10:53 AM / a month ago

U.S. Bancorp's 1st-qtr profit rises 13.7 pct

April 18 (Reuters) - Regional lender U.S. Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes.

Net income attributable to the bank rose to $1.68 billion, or 96 cents per share, in the first quarter ended March 31, from $1.47 billion, or 82 cents per share, a year earlier.

Total revenue rose to $5.47 billion from $5.29 billion. (Reporting by Parikshit Mishra in Bengaluru; Editing by Shounak Dasgupta)

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