** Shares of U.S. Bancorp USB.N up 1% at $39.02 premarket after Q1 profit beats estimates
** USB posts adj. EPS of $1.03, beating analysts' avg. estimate of 98 cents - data compiled by LSEG
** Q1 revenue of $6.96 billion vs analysts' expection of $6.91 billion - LSEG data
** Bank reports Q1 NII of $4.1 billion; Q2 NII forecast between $4.1 billion and $4.2 billion
** USB says it was not expecting to become Category II bank before 2027
** Category II requirements apply to banks with $700 billion or more in total assets, or $75 billion or more in cross-jurisdictional activities
** As of last close, USB down 19.2% YTD
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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