U.s. Bancorp · NYSE:USB
U.s. Bancorp — Barclays Global Financial Services Conference 2023
7 slides from U.s. Bancorp's conference presentation, Sep 13, 2023
Slide 1: U.S. Bank Barclays Global Financial Services Conference
September 13, 2023 U.S. Bank Barclays Global Financial Services Conference Andy Cecere Chairman, President and Chief Executive Officer John Stern Senior Executive Vice President and Chief Financial Officer U.S. Bank U.S. Bank 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: Third Quarter / Full Year 2023 Outlook
Third Quarter / Full Year 2023 Outlook1 Guidance 2Q23 3Q23 FY 2023 Net interest income2 $4.4B $4.2B - $4.4B $17.5B - $18.0B Total Revenue, adjusted3 $7.2B $6.9B - $7.1B $28.0B - $29.0B Includes purchase accounting $85M ~$75M ~$330M accretion Total Noninterest expense, adjusted3 $4.3B ~$4.3B ~$17.0B
Slide 4: Union Bank Post Conversion Opportunities
Union Bank Post Conversion Opportunities Meaningfully • Bolstered balance sheet with high quality, low-cost consumer deposits enhanced scale and • Well-established West Coast franchise with top 5 California deposit market share share in an attractive • Leading SBA lender in California market Creates
Slide 5: Appendix
Appendix U.S. Bank 5
Slide 6: Non-GAAP Financial Measures
Non-GAAP Financial Measures 3 Months Ended June 30, (Dollars in Millions, Unaudited) 2023 Income before taxes $1,751 Taxable‐equivalent adjustment (1) 34 Less: Notable items (2) (575) Income before taxes (taxable‐equivalent basis), excluding notable items (a) 2,360 Income taxes $382 Taxable‐equivale
Slide 7: U.S. Bank
U.S. Bank 7
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