U.s. Bancorp · NYSE:USB
U.s. Bancorp — CFA Society of Minnesota InvestMNt 2015
23 slides from U.s. Bancorp's conference presentation, Aug 5, 2015
Slide 1: The CFA Society of Minnesota InvestMNt 2015
Exhibit 99.1 The CFA Society of Minnesota InvestMNt 2015 John Elmore Vice Chairman, Community Banking and Branch Delivery Kent Stone Vice Chairman, Consumer Banking Sales and Support August 5, 2015
Slide 2: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including st
Slide 3: Agenda
Agenda U.S. Bancorp Overview Consumer and Small Business Banking Chicago Growth Success Balance Sheet Highlights Evolving Customer Expectations Branch and Omnichannel
Slide 4: Regional National International
Regional National International Consumer & Business Banking Wholesale Banking Payments and Securities Services and Wealth Management and Wealth Management & Securities Services . ‘Wealth Management = offices in New York City, Wiimington, Delaware, ‘and Naples and sp Palm Beach, ye Flora ¥ (Sbancorp.
Slide 5: U.S. Bancorp Dimensions
U.S. Bancorp Dimensions Assets $419 billion Deposits $297 billion Loans $249 billion Customers 18.5 million NYSE Traded USB Market Capitalization $79 billion Founded Bank Branches 3,164 ATMs 5,020 2Q15 Dimensions As of 6/30/15, market capitalization as of 7/28/15
Slide 6: U.S. Bancorp Industry Position
5 U.S. Bancorp 419 5 U.S. Bancorp 297 5 U.S. Bancorp 79 Industry Position Source: company reports, SNL and FactSet Assets and deposits as of 6/30/15, market value as of 7/28/15 U.S. U.S. U.S. Rank Company $ Billions Rank Company $ Billions Rank Company $ Billions J.P. Morgan 2,450 J.P. Morgan $1,287
Slide 7: Strong Diversification: Revenue Mix By Business Line
Consumer and Small Business Banking 42% Payment Services 30% Wealth Mgmt and Securities Services 11% Wholesale Banking and Commercial Real Estate 17% Strong Diversification Revenue Mix By Business Line Fee Income / Total Revenue 2Q15 YTD, taxable-equivalent basis Business line revenue percentages ex
Slide 8: Peer Banks
Peer Banks Peer Bank Ticker Symbols BAC Bank of America PNC PNC BBT BB&T RF Regions FITB Fifth Third STI SunTrust JPM J.P. Morgan USB U.S. Bancorp KEY KeyCorp WFC Wells Fargo Bank of America SunTrust Wells Fargo KeyCorp BBT Fifth Third Regions PNC J.P. Morgan U.S. Bancorp
Slide 9: Industry Leading Returns
Industry Leading Returns Source: SNL and company reports; Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC Efficiency ratio computed as noninterest expense divided by the sum of net interest income on a taxable-equivalent basis and noninterest income excluding net securities gains (losses)
Slide 10: Loan and Deposit Growth
2Q15 adjusted* loan growth = 4.0% Loan and Deposit Growth $ in billions * Excluding the impact of the reclassification of approximately $3 billion of student loans to held for sale at the end of 1Q15 Prior 5 Years Average Balances Year-Over-Year Growth Prior 5 Quarters Average Balances Year-Over-Yea
Slide 11: Capital Actions
Capital Actions 62% 76% 70% Payout Ratio 71% 72% Dividend increase announced June 16 Annual dividend increased from $0.98 to $1.02 per share, a 4.1% increase One-year authorization to repurchase up to $3.0 billion of outstanding common stock effective April 1, 2015 Returned 76% of earnings to shareh
Slide 12: Agenda
Agenda U.S. Bancorp Overview Consumer and Small Business Banking Chicago Growth Success Balance Sheet Highlights Evolving Customer Expectations Branch and Omnichannel
Slide 13: Consumer and Small Business Banking
Consumer and Small Business Banking Business Line Summary Provides a full suite of banking products and services to consumer and small business customers across 25-state branch footprint Differentiating U.S. Bank from competitors through continued improvement in the customer experience, investments
Slide 14: Successful Acquisition – Chicago Branches
Successful Acquisition – Chicago Branches Acquired the Chicago-area branch banking franchise of RBS Citizens (branded as Charter One Bank) in 2014 Approximately $5 billion of deposits and $1 billion of loans Nearly doubled Chicago deposit base Consistent with our strategy - branch deals in market wh
Slide 15: Consumer Loans – Positive Momentum
Year-Over-Year Growth = +10.6% Year-Over-Year Growth = +4.1% Consumer Loans – Positive Momentum Auto Lending Continued growth in auto loans driven by high-quality originations in the indirect channel Average loans, $ in millions Home Equity Lending Originated primarily through the retail branch netw
Slide 16: Consumer Deposits – Continued Strength
Year-Over-Year Growth = +8.0% Consumer Deposits – Continued Strength Deposits Continued strong growth in consumer and small business banking deposits Growth in noninterest-bearing and low-cost interest checking and savings products was particularly strong Average Consumer and Small Business Banking
Slide 17: Customer Expectations are Evolving
Customer Expectations are Evolving Access: Instant information availability Ubiquitous access across channels Convenience: Flexibility to change with minimal hassle Have solutions “come to customer” Personalization: Tailored products and services Work done automatically where possible Speed: No long
Slide 18: Single Channels are Adapting and Bank Channels are Expanding
Transaction center Responding to inbound customers Branch manager in the branch Primarily focused on good service through traditional retail activity Advice center External customer development Branch manager spends 50% of time in the community Central point of contact for retail, business banking,
Slide 19: Current Channel Offerings Provide Strong Connection to our Customers
Current Channel Offerings Provide Strong Connection to our Customers Mobile Banking Onsite Branch Phone Banking Anchor Branch Customer In-store Branch Drive-thru Branch Online Banking Cashless Branch ATM
Slide 20: Omnichannel Strategy
Omnichannel Strategy All channels comprise ‘Omnichannel’ Online Mobile ATM Telephone Branch The customer Omnichannel: How the customer interacts both seamlessly and holistically across the bank Strategic Pillars
Slide 21: (Sbancorp.
(Sbancorp.
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Line of Business Financial Performance Taxable-equivalent basis $ in millions Revenue Line of Business Financial Performance 2Q15 YTD Wholesale Banking and Commercial Real Estate 1,447 $ Consumer and Small Business Banking 3,545 Wealth Management and Securities Services P
Slide 23: The CFA Society of Minnesota InvestMNt 2015
The CFA Society of Minnesota InvestMNt 2015 August 5, 2015
US Bancorp \de\ — CFA Society of Minnesota InvestMNt 2015 on 6ix