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U.S. Bancorp

OverviewSuggest Edit

U.S. Bancorp is a diversified financial services holding company. The Company's banking subsidiary provides a wide range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its lending services include traditional credit products as well as credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance and other products. The Company's depository services comprise checking accounts, savings accounts and time certificate contracts. It also provides ancillary services, asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations. U.S. Bancorp non-banking subsidiaries offer investment and insurance products, and fund administration services.

TypePublic
Founded1968
HQMinneapolis, USMap
Websiteusbank.com
Employee Ratings3.4More
Culture scoreAMore
View Jobs (596)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)69,651(-5%)
Job Openings596
Revenue (FY, 2019)$9.8 B(-56%)
Share Price (May 2020)$32.9

Key People/Management at U.S. Bancorp

Andrew Cecere

Andrew Cecere

Chairman, President & Chief Executive Officer
James L. Chosy

James L. Chosy

Executive Vice President and General Counsel
Jennie Carlson

Jennie Carlson

Executive Vice President, Human Resources
Mark G. Runkel

Mark G. Runkel

Executive Vice President and Chief Credit Officer
Derek J. White

Derek J. White

Chief Digital Officer
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U.S. Bancorp Office Locations

U.S. Bancorp has offices in Minneapolis, Albany, Albuquerque, Alexandria and in 317 other locations
Minneapolis, US (HQ)
800 Nicollet Mall
Albany, US
Albany, NY, USA
Albuquerque, US
Albuquerque, NM, USA
Alexandria, US
Alexandria, VA, USA
Aliso Viejo, US
Aliso Viejo, CA, USA
Altoona, US
Altoona, PA, USA
Show all (321)

U.S. Bancorp Financials and Metrics

U.S. Bancorp Revenue

U.S. Bancorp's revenue was reported to be $9.83 b in FY, 2019
USD

Revenue (Q1, 2020)

2.5b

Net income (Q1, 2020)

1.2b

Market capitalization (22-May-2020)

49.6b

Closing stock price (22-May-2020)

32.9

Cash (31-Mar-2020)

46.8b

EV

81.4b
U.S. Bancorp's current market capitalization is $49.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.4b8.8b9.3b19.6b20.2b21.5b22.7b24.0b22.6b9.8b

Revenue growth, %

6%6%

Cost of goods sold

2.5b3.0b3.5b

Gross profit

19.0b19.8b20.5b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.9b2.1b2.1b2.0b2.1b2.2b2.4b2.4b2.2b2.3b4.9b4.8b5.2b5.0b4.9b5.0b5.1b5.4b5.8b5.8b5.7b5.9b6.1b6.1b6.4b5.7b5.6b5.8b5.9b2.5b

Cost of goods sold

716.0m734.0m752.0m758.0m820.0m939.0m964.0m1.1b

Gross profit

4.7b5.1b5.0b4.9b5.0b5.2b5.1b5.3b

Gross profit Margin, %

87%87%87%87%86%85%84%83%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

14.5b14.0b8.3b8.5b10.7b11.1b15.7b19.5b21.5b22.4b

Accounts Receivable

191.8b205.1b218.9b292.1b

Inventories

257.0b269.4b276.5b

PP&E

2.5b2.7b2.7b2.6b2.6b2.5b2.4b2.4b2.5b3.7b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

8.4b5.0b4.5b13.8b15.3b13.7b15.4b9.4b6.9b6.6b11.6b7.4b12.6b6.2b14.1b17.9b10.5b11.0b14.0b23.7b20.3b29.0b20.5b19.2b19.0b20.1b18.1b16.9b15.3b46.8b

Accounts Receivable

185.9b186.3b189.3b192.8b194.8b199.8b211.5b213.7b283.7b288.0b290.6b312.1b

Inventories

260.7b264.7b267.5b269.8b273.4b274.8b274.0b276.3b

PP&E

2.2b2.3b2.3b2.5b2.5b2.6b2.6b2.7b2.7b2.6b2.6b2.6b2.6b2.6b2.6b2.6b2.5b2.5b2.5b2.4b2.4b2.4b2.4b2.4b2.4b2.4b3.7b3.7b3.7b3.7b
show all
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

3.3b4.9b5.6b5.8b5.9b7.1b6.9b

Depreciation and Amortization

367.0m299.0m274.0m520.0m501.0m481.0m470.0m468.0m467.0m502.0m

Cash From Operating Activities

5.2b9.8b8.0b11.4b5.3b8.8b5.3b6.5b10.6b4.9b

Purchases of PP&E

923.0m636.0m94.0m(58.0m)3.4b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

1.4b2.3b1.0b2.2b3.5b2.8b4.2b1.4b2.9b4.4b1.4b2.9b4.4b1.4b2.9b4.4b5.2b1.7b3.5b5.4b1.2b

Depreciation and Amortization

188.0m278.0m75.0m150.0m225.0m141.0m208.0m74.0m112.0m389.0m123.0m246.0m373.0m120.0m240.0m358.0m119.0m236.0m353.0m117.0m233.0m350.0m113.0m228.0m346.0m120.0m245.0m372.0m129.0m

Cash From Operating Activities

2.9b4.0b2.8b6.2b8.8b8.8b3.6b3.9b1.7b6.5b8.7b2.8b3.9b4.5b1.8b3.4b6.3b1.3b2.7b3.2b3.2b4.8b6.6b1.4b4.7b7.9b1.3b1.9b5.0b2.4b

Purchases of PP&E

832.0m832.0m832.0m650.0m650.0m650.0m94.0m94.0m3.7b3.4b
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USDY, 2020

EV/CFO

34.6 x

Financial Leverage

10.4 x
Show all financial metrics

U.S. Bancorp Operating Metrics

FY, 2014FY, 2015FY, 2017

ATMs

5.02 k4.94 k4.84 k

Locations

3.18 k3.13 k3.11 k
Show all operating metrics

U.S. Bancorp Acquisitions / Subsidiaries

Company NameDateDeal Size
talechSeptember 09, 2019

U.S. Bancorp Revenue Breakdown

Embed Graph

U.S. Bancorp revenue breakdown by business segment: 14.7% from Wholesale Banking and Commercial Real Estate, 34.2% from Consumer and Small Business Banking, 10.0% from Wealth Management and Securities Services, 26.8% from Payment Services and 14.4% from Treasury and Corporate Support

U.S. Bancorp Online and Social Media Presence

U.S. Bancorp's Trends

Embed Graph

U.S. Bancorp Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    A+

    82/100

  • Compensation

    B

    73/100

  • Diversity

    B+

    73/100

Learn more on Comparably

U.S. Bancorp News and Updates

March 23, 2020

U.S. Bancorp to raise certain hourly wages by 20%

U.S. Bancorp. said Monday its U.S. Bank unit will temporarily raise the pay for certain front-line employees will receive a 20% hourly wage increase as part of its four-week-long Premium Pay Program, during the COVID-19 pandemic. The program applied to more than 30,000 employees at branches, operat…
March 16, 2020

U.S. Bancorp to suspend stock buybacks, to support Fed efforts and as other banks suspend repurchases

U.S. Bancorp said Sunday that it will suspend its stock repurchase program temporarily, for the rest of the first quarter and for the second quarter, in response to the COVID-19 pandemic. As of Dec. 31, the bank had $2.41 billion remaining in its stock repurchase program through June 30, 2020. "Thi…
March 04, 2020

UPDATE 1-U.S. hits former U.S. Bancorp exec with $450,000 penalty for money-laundering violations

The U.S. government on Wednesday said it has hit a former risk officer at a subsidiary of U.S. Bancorp with a $450,000 civil penalty for his role in failing to prevent violations of the U.S. anti-money laundering law.
January 15, 2020

U.S. Bancorp’s Earnings Preview: Will U.S. Bancorp Beat FY19 Earnings Expectations?

U.S. Bancorp is slated to release its Q4 and full-year 2019 results on January 15. Trefis details earnings expectations for the bank in an interactive dashboard. We believe that U.S. Bancorp will report revenues and earnings for FY 2019 which are largely in line with expectations.
October 04, 2019

Is U.S. Bancorp The New Poster Child For The U.S. Banking Industry After Wells Fargo’s Fall From Grace?

Trefis compares trends in key operating metrics for U.S Bancorp vs Wells Fargo over the last 4 years, along with our forecast for 2019 in an interactive dashboard, and finds that U.S. Bancorp runs a more profitable business despite being much smaller in size than Wells Fargo.
July 16, 2019

U.S. Bancorp Expected To Report Strong Performance Across Divisions For Q2

U.S. Bancorp reports its Q2 2019 earnings on Wednesday, 17th July. Consensus figures points to a 2% growth in revenues year-on-year to $5.73 billion, and a 5% increase in EPS figure to $1.07. Per Trefis, U.S. Bancorp’ stock has a fair value of $56, which is 5% higher than the current market price.
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 U.S. Bancorp Frequently Asked Questions

  • When was U.S. Bancorp founded?

    U.S. Bancorp was founded in 1968.

  • Who are U.S. Bancorp key executives?

    U.S. Bancorp's key executives are Andrew Cecere, James L. Chosy and Jennie Carlson.

  • How many employees does U.S. Bancorp have?

    U.S. Bancorp has 69,651 employees.

  • What is U.S. Bancorp revenue?

    Latest U.S. Bancorp annual revenue is $9.8 b.

  • What is U.S. Bancorp revenue per employee?

    Latest U.S. Bancorp revenue per employee is $141.1 k.

  • Who are U.S. Bancorp competitors?

    Competitors of U.S. Bancorp include Regions Financial, Citizens Financial and M&T Bank.

  • Where is U.S. Bancorp headquarters?

    U.S. Bancorp headquarters is located at 800 Nicollet Mall, Minneapolis.

  • Where are U.S. Bancorp offices?

    U.S. Bancorp has offices in Minneapolis, Albany, Albuquerque, Alexandria and in 317 other locations.

  • How many offices does U.S. Bancorp have?

    U.S. Bancorp has 321 offices.