US Bancorp Q1 2009

--record Revenue 3.9 bil, driven by YoY growth in net interest income, averge loans( 19.6%) --NI 529 mil, 0.24 EPS vs 0.15 Q4 08 vs 0.64 Q1 08 --charge-off 788 vs 632 Q4 08 --provision 1,318 mil vs 1,267 mil --allowance 4.1 bil vs 3.6 bil (120% of nonperforming assets) - in line with BAC and othe banks --opinion marketweight