U.S. Bancorp (NYSE:USB) reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.28 by 5.47 percent. This is a 21.62 percent increase over earnings of $1.11 per share from the same period last year. The company reported quarterly sales of $7.686 billion which beat the analyst consensus estimate of $7.583 billion by 1.36 percent. This is a 10.19 percent increase over sales of $6.975 billion the same period last year.