U.s. Bancorp · NYSE:USB
U.s. Bancorp — BancAnalysts Association of Boston Conference 2024
16 slides from U.s. Bancorp's conference presentation, Nov 7, 2024
Slide 1: BancAnalysts Association of Boston Conference 2024
November 7, 2024 BancAnalysts Association of Boston Conference 2024 John Stern Senior Executive Vice President and Chief Financial Officer Stephen Philipson Senior Executive Vice President, Wealth, Corporate, Commercial, and Institutional Banking ©U.S.©U.S. Bancorp Bancorp 1
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: A trusted partner with a strong foundation
A trusted partner with a strong foundation NYSE Traded USB Assets $665B Assets Under Management1 $489B Founded 1863 Deposits $509B Assets Under Custody Market Cap $76B Loans $374B & Administration1 $11.2T Regional National International Branch footprint Capital Markets, Wealth, Commercial Real Merch
Slide 4: Our diversified business mix supports consistent growth
Our diversified business mix supports consistent growth Percentage of total net revenue by business line1 We a lt h , Co rp o ra t e , Co m m e rc ia l Co n su m e r a n d Bu sin e ss Ba n kin g (C BB) a n d In st it u t io n a l Ba n kin g (WC IB) • Consumer Banking • Corporate and Commercial Banki
Slide 5: The strength of our resilient, diversified business mix
The strength of our resilient, diversified business mix Traditional Loans and Deposits Transaction Services Wealth and Capital Markets • Consumer Banking % of revenue1 • Retail Payment Solutions % of revenue1 • Wealth and Asset % of revenue1 • Business Banking • Global Merchant Acquiring Management
Slide 6: WCIB has a track record of growth and market leading products
WCIB has a track record of growth and market leading products $9.1B revenue for the nine months ended 2019 – 2023 September 30, 2024 Market leading products Revenue CAGR: 10.3% 31% Corporate and Commercial Banking ~90% Of Fortune 1000 companies bank with us1 #1 $6,129M $5,711M 25% Wealth and Asset M
Slide 7: Product depth and breadth for institutional and wealth clients
Product depth and breadth for institutional and wealth clients Differentiated products Clients Reach Products • Capital markets Wealthy ~3K wealth advisors individuals and relationship • Institutional banking ~500K managers • Wealth management National footprint Government • Treasury management and
Slide 8: Unlocking Global Capital Markets opportunities
Unlocking Global Capital Markets opportunities Driving growth by leveraging our interconnectivity and delivering our broad and expanding product set Capital Markets revenue Medium term revenue drivers 2019 – 2023 Medium Client depth term • Enhanced internal partnerships ~15% CAGR +12% -15% • Compreh
Slide 9: Integrated solutions with Global Transaction Services (GTS)
Integrated solutions with Global Transaction Services (GTS) Holistically serving clients by leveraging our Treasury Management platforms and Capital Markets capabilities We facilitated over $1T cross-border payments1 Partnering with clients to identify Global Products & U.S. current and anticipated
Slide 10: Strong Investment Services franchise
Strong Investment Services franchise Investment Services revenue Supporting our clients where 12% $3.0B they need us (U.S. and Europe) CAGR Franchise includes: $1.9B $1.6B Dominant position with growing Global Corporate Trust market share Global Fund Services $1.1B Institutional Trust and Cust
Slide 11: Our interconnected approach drives enhanced Private Capital opportunities: A client example
Our interconnected approach drives enhanced Private Capital opportunities: A client example How it started1 How it’s going1 ~$1.5M annual >$20M revenue2 revenue Banking Over $1.5B2 committed credit Single product client Capital Loan syndication, debt capital markets, Markets and foreign exchange hed
Slide 12: Increasing wealth penetration and connectivity across the company
Increasing wealth penetration and connectivity across the company Consumer penetration drivers Wealth revenue1 ~12K new Branch pop-ups funded 16% $2,587M relationships2 CAGR $1,425M $1,571M $1,570M ~8 million Emerging affluent strategy qualified $650M clients2 $775M $1,017M ~2X revenue Market expans
Slide 13: In closing
In closing Our growing institutional and wealth franchise is executing at a high level, poised for continued performance Growth Interconnectivity Execution Unique product set and Complementary businesses Focus and momentum on reach drives deeper providing holistic solutions successful execution of o
Slide 14: Appendix
Appendix ©U.S. Bancorp 14
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures Nine Months Ended ($ in millions) September 30, 2024 Line of Business Financial Performance Net Revenue Wealth, Corporate, Commercial and Institutional Banking $ 9,098 Consumer and Business Banking 6,976 Payment Services 5,248 Treasury and Corporate Support (876) Total Co
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures Nine Months Ended ($ in millions) September 30, 2024 Line of Business Mix Performance Net Revenue Traditional loans and deposits $ 10,453 Transaction services 8,135 Wealth and capital markets 2,734 Treasury and Corporate Support (876) Total Company 20,446 Less Treasury an
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