U.S. Bancorp Capitalizes On Strong Loan Growth To Report Record 2014 Results

The country's largest regional banking group eked out its highest-ever net interest income figure of $2.74 billion for Q4 2014 despite the negative impact of shrinking net interest margins seen across the banking industry, as its loan portfolio swelled by well over 5% in 2014. Besides strong growth in its payments business, U.S. Bancorp also benefited from a $124 million gain on its equity interest in Nuveen Investments. In fact, the bank witnessed a year-on-year increase in revenues across each...