U.S. Bancorp Q2 results reported

Minneapolis, Minn.-based U.S. Bancorp (NYSE: USB) released its second quarter results today, marking a net income of $766 million and a price per diluted share of 45 cents.

U.S. Bancorp, parent company of U.S. Bank, reported in Q2 2009 that its net income was $471 million while its price per diluted share was 12 cents, according to a news release.

The second quarter also marks an increase from the first quarter of 2010, when the company reported a net income of $669 million and a price per diluted share of 34 cents.

U.S. Bancorp CEO, President and Chairman Richard Davis said the released figures are encouraging for the company.

"I am very proud of our second quarter results and accomplishments," he said in the release. "The company's net income of $766 million in the second quarter of 2010 was 62.6 percent higher than same quarter of 2009 and 14.5 percent greater than the previous quarter."

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