US Bancorp (N:USB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 800 Nicollet Mall MINNEAPOLIS MN 55402-7020 |
| Tel: | N/A |
| Website: | https://www.usbank.com |
| IR: | See website |
| Key People | ||
| Andrew J. Cecere Chairman of the Board, President, Chief Executive Officer | Vankatachari Dilip Senior Executive Vice President, Chief Information and Technology Officer | Jodi L. Richard Vice Chairman, Chief Risk Officer |
| Terrance R. Dolan Vice Chairman, Chief Administration Officer | John C. Stern Chief Financial Officer, Senior Executive Vice President | Gunjan Kedia Vice Chairman - Wealth, Corporate, Commercial and Institutional Banking |
| Shailesh M. Kotwal Vice Chairman - Payment Services | Timothy A. Welsh Vice Chairman - Consumer and Business Banking | Souheil S. Badran Senior Executive Vice President, Chief Operations Officer | Elcio R.T. Barcelos Senior Executive Vice President, Chief Human Resource Officer |
| Business Overview |
| U.S. Bancorp is a financial service holding company. The Company's major lines of business are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, and others. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to the Company's customers principally within its domestic markets, and fund administration services to a range of mutual and other funds. |
| Financial Overview |
| For the three months ended 31 March 2024, US Bancorp interest income increased 11% to $7.76B. Net interest income after loan loss provision decreased 18% to $3.43B. Net income applicable to common stockholders decreased 24% to $1.21B. Net interest income after loan loss provision reflects Wealth Corporate Commercial and Institutional Banking segment decrease of 28% to $1.13B, Consumer And Business Banking segment decrease of 16% to $1.96B. |
| Employees: | 70,000 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $64,218M as of Mar 31, 2024 |
| Annual revenue (TTM): | $30,807M as of Mar 31, 2024 |
| EBITDA (TTM): | $12,202M as of Mar 31, 2024 |
| Net annual income (TTM): | $4,668M as of Mar 31, 2024 |
| Free cash flow (TTM): | $6,916M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 1,560,459,913 as of Apr 30, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.