U.s. Bancorp · NYSE:USB
U.s. Bancorp — Goldman Sachs U.S. Financial Services Conference 2021
17 slides from U.s. Bancorp's conference presentation, Dec 8, 2021
Slide 1: Goldman Sachs U.S. Financial Services Conference 2021
Goldman Sachs U.S. Financial Services Conference 2021 Andy Cecere Chairman, President and Chief Executive Officer Terry Dolan Vice Chair and Chief Financial Officer December 8, 2021 U.S. BANCORP
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: Today’s presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including
Slide 3: U.S. Bancorp
U.S. Bancorp NYSE Traded USB Branches 2,252 Assets $567B Founded 1863 ATMs 4,083 Deposits $443B Market Value $82B Loans $298B Regional National International Consumer & Business Banking Corporate & Commercial Banking Payment Services and and Wealth Management and Wealth Management & Investment Servi
Slide 4: Our position among our peers
Our position among our peers Assets Deposits Market Value 1 J.P. Morgan $3,758 1 J.P. Morgan $2,402 1 J.P. Morgan $468 2 Bank of America 3,085 2 Bank of America 1,965 2 Bank of America 359 3 Wells Fargo 1,955 3 Wells Fargo 1,470 3 Wells Fargo 190 4 U.S. Bancorp 567 4 PNC 449 4 PNC 84 5 PNC 554 5 U.S
Slide 5: Our differentiated business mix supports consistent growth
Our differentiated business mix supports consistent growth Consumer & Payment Business Banking Services 40% 28% Corporate & Wealth Management Commercial Banking & Investment Services 18% 14% Consumer & Business Banking Corporate & Commercial Banking Payment Services Wealth Management & Investment Se
Slide 6: Building upon a position of strength
Building upon a position of strength Differentiating Optimizing Thru Our Secular & Distribution Capabilities Opportunities Adding Scale We continue to invest in our future with a focus on • Industry leading mobile • Strategic partnerships: enhancing our digital app: DIY & DIT; Co-browse State Farm c
Slide 7: The payments recovery continues
The payments recovery continues % of Merchant Acquiring Payment Fees as a % of Net Revenue Volume Merchant Acquiring 2019 3Q21 2019 3Q21 Travel & Hospitality* 22% 24% • Volumes in each of our payments businesses Airline 15% 8% 7.0% continue to rebound due to a strengthening 6.7% All Other 63% 68% ec
Slide 8: The digital transition has taken place and is here to stay
The digital transition has taken place and is here to stay Branch Count Digital Transactions (% of Total)** 3,018 2,795 78% 80% Since 2018 branch 2,434 2,252 66% 70% count has been reduced by 25% 4Q18 4Q19 4Q20 3Q21 4Q18 4Q19 4Q20 3Q21 Branch / ATM Deposits Mobile Deposits Our #1 rated 83% banking a
Slide 9: Expanding our reach in business banking
Expanding our reach in business banking Banking and Payments* Relationships Payments Ecosystem Initiatives Business Banking Payments 72.0% 28.0% 49.6% 50.4% talech helps small businesses Bento helps small businesses take tackle accounts receivable and charge of accounts payable and operational tasks
Slide 10: Providing new solutions for our commercial clients
Providing new solutions for our commercial clients In both middle markets… …and in commercial and large corporate * RTP TravelBank provides an intuitive, all-in-one, tech-driven We have the knowledge and experience necessary to expense, card and travel management solution support our customers in th
Slide 11: Expanding with strategic partnerships
Expanding with strategic partnerships State Farm Crypto Services + • In response to client demand, in October we announced that we partnered with NYDIG to offer cryptocurrency custody services • Solutions are intended for institutional investment managers with private funds who would like safekeepin
Slide 12: Acquisitions expand our customer base and increase scale
Acquisitions expand our customer base and increase scale Recent Acquisitions Scaled Positioned Established >1MM Consumers #3 non-GSIB California >190K Business Banking Over 150 years of service deposit market share relationships Asset Management Leader Proven Trusted PFM Asset Management gives us ad
Slide 13: Our culture is rooted in 'doing the right thing'
Our culture is rooted in ‘doing the right thing’ Environmental Social Governance Named one of the World’s Invested $208 million in Goal to achieve Net Zero Most Ethical Companies by Black-owned and –led GHG emissions by 2050 The Ethisphere Institute for 7 businesses consecutive years Launched $25 mi
Slide 14: We are finishing off the year in a strong position heading into 2022
We are finishing off the year in a strong position heading into 2022, and we're excited about the many organic growth opportunities we see across the franchise. U.S. BANCORP | 14
Slide 15: 4Q21 guidance update
4Q21 guidance update • Net interest income • Noninterest income • Expenses • Credit quality • Tax rate U.S. BANCORP | 15
Slide 16: Appendix
Appendix U.S. BANCORP | 16
Slide 17: Non-GAAP financial measures
Non-GAAP financial measures ($ in millions) Net Revenue Line of Business Financial Performance 3Q21 YTD Corporate and Commercial Banking $ 2,958 Consumer and Business Banking 6,521 Wealth Management and Investment Services 2,359 Payment Services 4,485 Treasury and Corporate Support 820 Total Company
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