Minneapolis-based U.S. Bancorp, which oversees more than 40 U.S. Bank branches in the Sacramento region, posted a record profit of $1.48 billion, or 76 cents a share, in the second quarter ended June 30.
That was up from $1.41 billion, or 71 cents a share, in the second quarter of 2012, a year that saw the bank amass a record profit.
The bank reported year-over-year growth in loans, plus a reduction in non-interest expenses and a lowering of its provision for credit losses.
Deposits were up 7 percent year over year.
Call The Bee's Mark Glover, (916) 321-1184.