NEW YORK ( TheStreet) -- Shares of U.S. Bancorp (USB - Get Report) are still having a hard time gaining any sort of momentum following the bank's first-quarter earnings report. Although the stock has been up lately, shares have barely moved since January.U.S. Bancorp has been a consistent performer in the financial sector for a number of years but the bank is taken for granted because it's not JPMorgan Chase (JPM) or Wells Fargo (WFC). It doesn't have to be. Investors should appreciate U.S. Bancorp has not had the struggles of Bank of America (BAC) and Citigroup (C).
However, when keeping up with the same performance criteria, USB actually bested solid performers JPMorgan and Wells Fargo in some key areas. For instance, USB posted a 1% increase in net interest income (NII), while also posting strong results in average earnings assets. By contrast, JPMorgan's net interest income declined 6% year over year and 2% sequentially due to margin erosion. Although USB's net interest margin (NIM) also declined by 12 basis points, this was almost half of JPMorgan's decline. Along similar lines, Wells Fargo's NIM declined 33 basis points from last year, which lead to a 3% year-over-year decline in net interest income.