U.S. Bancorp is a diversified financial services holding company. The Company's banking subsidiary is engaged in the general banking business, principally in domestic markets. It provides a wide range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Commercial and consumer lending services are principally offered to customers within the Company’s domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company. 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. Depository services include checking accounts, savings accounts and time certificate contracts. Ancillary services such as capital markets, treasury management, and receivable lock-box collection are provided to corporate customers. U.S. Bancorp’s bank and trust subsidiaries provide a full range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations. Other U.S. Bancorp non-banking subsidiaries offer investment and insurance products to the Company’s customers principally within its markets, and fund administration services to a broad range of mutual and other funds.

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Type
Public
HQ
Minneapolis, US
Founded
1968
Size (employees)
71,191 (est)
Website
usbank.com
U.S. Bancorp was founded in 1968 and is headquartered in Minneapolis, US
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Key People/Management at U.S. Bancorp

Richard Davis

Richard Davis

Chairman of the Board, Chief Executive Officer
Terrance Dolan

Terrance Dolan

Vice Chairman, Chief Financial Officer
Paul Parker

Paul Parker

Vice Chairman, Chief Risk Officer
James Chosy

James Chosy

Executive Vice President, General Counsel, Corporate Secretary
Jennie Carlson

Jennie Carlson

Executive Vice President, Human Resources
Katherine Quinn

Katherine Quinn

Executive Vice President, Chief Strategy and Reputation Officer
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U.S. Bancorp Office Locations

U.S. Bancorp has offices in Rockford, Alameda, Draper, Santa Barbara and in 350 other locations
Minneapolis, US (HQ)
800 Nicollet Mall
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U.S. Bancorp Financials and Metrics

U.S. Bancorp Revenue

U.S. Bancorp's revenue was reported to be $24 b in FY, 2017 which is a 5.5% increase from the previous period.
USD

Revenue (Q2, 2018)

6.4 b

Gross profit (Q2, 2018)

5.3 b

Gross profit margin (Q2, 2018), %

83.1%

Net income (Q2, 2018)

1.8 b

Market capitalization (16-Aug-2018)

86.6 b

Closing stock price (16-Aug-2018)

53.2

Cash (30-Jun-2018)

19 b

EV

122.9 b
U.S. Bancorp's current market capitalization is $86.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

21.1 b21.4 b21.5 b22.7 b24 b

Revenue growth, %

2%0%6%6%

Cost of goods sold

2.5 b3 b3.5 b

Gross profit

19 b19.8 b20.5 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

5.2 b5.1 b5.5 b5.3 b5.2 b5.3 b5.4 b5.4 b5.8 b5.8 b5.7 b6 b6.1 b6.4 b

Cost of goods sold

410 m372 m358 m365 m363 m352 m349 m386 m407 m427 m455 m514 m964 m1.1 b

Gross profit

4.8 b4.8 b5.1 b4.9 b4.9 b5 b5.1 b5 b5.4 b5.3 b5.3 b5.4 b5.1 b5.3 b

Gross profit Margin, %

92%93%93%93%93%93%94%93%93%93%92%91%84%83%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

8.5 b10.7 b11.1 b15.7 b19.5 b

PP&E

2.6 b2.6 b2.5 b2.4 b2.4 b

Goodwill

9.2 b9.4 b9.4 b9.3 b9.4 b

Total Assets

364 b402.5 b421.9 b446 b462 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

17.9 b10.5 b11 b14 b23.7 b20.3 b29 b19.2 b19 b

PP&E

2.6 b2.5 b2.5 b2.5 b2.4 b2.4 b2.4 b2.4 b2.4 b

Goodwill

9.4 b9.4 b9.4 b9.4 b9.4 b9.3 b9.4 b9.4 b9.4 b

Total Assets

419 b416 b429 b438 b454 b450 b464 b460.1 b461.3 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Depreciation and Amortization

481 m470 m468 m

Cash From Operating Activities

11.4 b5.3 b8.8 b5.3 b6.5 b

Cash From Investing Activities

(21 b)(21.2 b)(18 b)(12.1 b)

Short-term Borrowings

(2 b)(13.9 b)2.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Depreciation and Amortization

113 m228 m

Cash From Operating Activities

8.7 b2.8 b3.9 b4.5 b1.8 b3.4 b6.3 b1.3 b2.7 b3.2 b3.2 b4.8 b1.4 b4.7 b

Cash From Investing Activities

(12.7 b)(8.6 b)(14.5 b)(23.4 b)(8.1 b)(13.1 b)(4.9 b)(10.1 b)(15.2 b)(1.7 b)(6.8 b)82 m(2.2 b)

Short-term Borrowings

1.1 b1.5 b
USDY, 2018

EV/CFO

26.2 x

Debt/Equity

1.1 x

Debt/Assets

0.1 x

Financial Leverage

9.2 x
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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
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U.S. Bancorp Revenue Breakdown

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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

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U.S. Bancorp Online and Social Media Presence

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U.S. Bancorp Company Life and Culture

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