US Bancorp (USB) Source: Sundry Photography/Shutterstock.com Like M&T, US Bancorp (NYSE:USB) published a healthy quarterly earnings report and demonstrated adaption to higher interest rates. Still, the broad strokes include high borrowing rates, inflation, increased competition, commercial real estate concerns and growing regulatory demands. US Bancorp’s regional focus, consumer emphasis and risk avoidance make it ideal for investors interested in banks with limited downside.