US Bancorp trimmed toxic assets in Q4
Non-performing asset rate falls to 0.28%
Over the last three months of 2019, US Bancorp cut $150 million of non-performing assets, reducing its overall holdings by 15%.
The Minneapolis-based lender held $829 million of these toxic loans in Q4, down from $979 billion in Q3 and $989 million the same quarter a year ago.
During the fourth quarter of 2018, the lender cut bad assets by just under 2%.
Non-performing assets as a share of total loans fell to 0.28% from 0.33% the previous quarter, and from 0.34% a year ago.
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