U.S. Bancorp's net interest income rose by 4.2% to $4.26 billion from the previous year, largely due to strong loan growth and record consumer deposits. The bank's fee revenue also increased by 6.9% due to robust capital markets activity. The company's profit was $1.95 billion for the three months ended March 31, compared to $789 billion a year ago. The firm's shares were also boosted by strong client-related derivative activity and corporate bond “underwriting’s.