RBC Capital Markets
Financial Institutions Conference 2021
Terry Dolan
Vice Chair and Chief Financial Officer
Jeff von Gillern
Vice Chair, Technology and Operations Services
March 10, 2021
U.S. BANCORP
Forward-looking statements and additional information
The following information appears in accordance with the Private Securities Litigation Reform Act of 1995:
Today's presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, anticipated future revenue and expenses and the future plans and prospects of U.S. Bancorp. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated. The COVID-19 pandemic is adversely affecting U.S. Bancorp, its customers, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on its business, financial position, results of operations, liquidity, and prospects is uncertain. Continued deterioration in general business and economic conditions or turbulence in domestic or global financial markets could adversely affect U.S. Bancorp's revenues and the values of its assets and liabilities, reduce the availability of funding to certain financial institutions, lead to a tightening of credit, and increase stock price volatility. In addition, changes to statutes, regulations, or regulatory policies or practices could affect U.S. Bancorp in substantial and unpredictable ways. U.S. Bancorp's results could also be adversely affected by changes in interest rates; further increases in unemployment rates; deterioration in the credit quality of its loan portfolios or in the value of the collateral securing those loans; deterioration in the value of its investment securities; legal and regulatory developments; litigation; increased competition from both banks and non-banks; civil unrest; changes in customer behavior and preferences; breaches in data security; failures to safeguard personal information; effects of mergers and acquisitions and related integration; effects of critical accounting policies and judgments; and management's ability to effectively manage credit risk, market risk, operational risk, compliance risk, strategic risk, interest rate risk, liquidity risk and reputation risk.
For discussion of these and other risks that may cause actual results to differ from expectations, refer to U.S. Bancorp's Annual Report on Form 10-K for the year ended December 31, 2020, on file with the Securities and Exchange Commission, including the sections entitled "Risk Factors" and "Corporate Risk Profile" contained in Exhibit 13, and all subsequent filings with the Securities and Exchange Commission under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934. In addition, factors other than these risks also could adversely affect U.S. Bancorp's results, and the reader should not consider these risks to be a complete set of all potential risks or uncertainties. Forward-looking statements speak only as of the date hereof, and U.S. Bancorp undertakes no obligation to update them in light of new information or future events.
This presentation includes non-GAAP financial measures to describe U.S. Bancorp's performance. The calculations of these measures are provided in the Appendix. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.
U.S. Bancorp
NYSE Traded Founded Market Value
USB 1863 $79B
Branches 2,434
ATMs 4,232
Assets $554B
Deposits $430B
Loans $298B
Regional | National | International |
Payment Services and Investment Services
Consumer & Business Banking and Wealth ManagementCorporate & Commercial Banking and Wealth Management & Investment Services
Our position in the industry
Assets
Deposits
Market Value
1 J.P. Morgan
2 Bank of America
3 Citigroup
4 Wells Fargo
5 U.S. Bancorp
5
U.S. Bancorp
430
5
U.S. Bancorp
79
6 Truist Financial
$3,386 2,820 2,260 1,955 554
1 J.P. Morgan
2 Bank of America
3 Wells Fargo
4 Citigroup
509
6 Truist Financial
$2,144 1,795 1,404 1,281
1 J.P. Morgan $461
2 Bank of America 319
3 Wells Fargo 155
4 Citigroup 147
381
6 Truist Financial 79
7 PNC
467
7 PNC
365
7 PNC 75
8 Fifth Third
205
8 Fifth Third
159
8 Fifth Third 26
9 Citizens Financial
183
9 Citizens Financial
147
9 KeyCorp 20
10 KeyCorp
170
10 KeyCorp
135
10 Citizens Financial 19
Assets and deposits as of 12/31/20; market value as of 3/5/21
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U.S. Bancorp published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2021 14:40:02 UTC.