U.S. Bancorp’s (USB) fourth-quarter 2023 adjusted earnings per share (excluding the impact of notable items) of 99 cents met the Zacks Consensus Estimate. However, the bottom line declined 17.5% from the prior-year quarter's level.Results have benefited from increased revenues supported by higher fee income. An improvement in credit quality was another positive. However, higher expenses and lower net interest income (NII) were major headwinds.Net income (GAAP basis) attributable to U.S. Bancorp was $847 mil ...