U.s. Bancorp · NYSE:USB
U.s. Bancorp — Goldman Sachs U.S. Financial Services Conference 2020
16 slides from U.s. Bancorp's conference presentation, Dec 9, 2020
Slide 1: Goldman Sachs U.S. Financial Services Conference 2020
Exhibit 99.1 Goldman Sachs U.S. Financial Services Conference 2020 Andy Cecere Chairman, President and Chief Executive Officer Terry Dolan Vice Chair and Chief Financial Officer December 9, 2020 U.S. BANCORPExhibit 99.1 Goldman Sachs U.S. Financial Services Conference 2020 Andy Cecere Chairman, Pres
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 Overview
U.S. Bancorp Overview NYSE Traded USB Branches 2,730 Assets $540B Founded 1863 ATMs 4,406 Deposits $413B Market Value $68B Loans $307B Regional National International Corporate & Commercial Banking Payment Services and Consumer & Business Banking and Wealth Management and Wealth Management & Investm
Slide 4: Our Position In the Industry
Our Position In the Industry Assets Deposits Market Value 1 J.P. Morgan $3,246 1 J.P. Morgan $2,001 1 J.P. Morgan $373 2 Bank of America 2,738 2 Bank of America 1,703 2 Bank of America 253 3 Citigroup 2,234 3 Wells Fargo 1,383 3 Wells Fargo 122 4 Wells Fargo 1,922 4 Citigroup 1,263 4 Citigroup 122 5
Slide 5: Our differentiated business mix supports consistent growth
Our differentiated business mix supports consistent growth Consumer & Payment Business Banking Services 42% 25% Corporate & Wealth Management Commercial Banking & Investment Services 20% 13% Consumer & Business Banking Corporate & Commercial Banking Payment Services Wealth Management & Investment Se
Slide 6: Long History of Industry-leading Returns on Equity
Long History of Industry-leading Returns on Equity… Return on Average Equity Return on Average Equity Return on Average Equity * * * (5-Year Average) (10-Year Average) (15-Year Average) 14.6% 13.3% 13.1% 12.7% 11.9% 11.7% 11.3% 11.1% 11.1% 10.9% 10.6% 10.4% 10.1% 9.8% 9.7% 9.2% 9.0% 8.9% 8.6% 8.6% 8
Slide 7: Driven by superior PPNR and credit quality performance
* … driven by superior PPNR and credit quality performance * * * Pre-Provision Net Revenue Pre-Provision Net Revenue Pre-Provision Net Revenue / Avg Assets / Avg Assets / Avg Assets 2.8% ** ** ** (5-Year Average) (10-Year Average) (15-Year Average) 2.5% 2.4% 2.2% 2.2% 2.1% 2.1% 2.1% 2.0% 2.0% 2.0% 1
Slide 8: Investing for the Future
Investing for the Future Innovation is providing opportunities for W e are investing in people and technology with the goal of improving Optimization growth and efficiency and driving Superior Returns U.S. BANCORP | 8Investing for the Future Innovation is providing opportunities for W e are investin
Slide 9: The shift towards digital is driving engagement and efficiency
The shift towards digital is driving engagement and efficiency Most consumer transactions Customer preference is increasingly Engagement improves with now occur digitally migrating to our mobile platform mobile app uptake Transactions (% of Total) Mobile App vs Online Active Mobile Transactions Enga
Slide 10: Leveraging the U.S. Bank Payments Ecosystem
Leveraging the U.S. Bank Payments Ecosystem We facilitate money movement and deliver technologies to power commerce seamlessly for our customers Empower real-time decision making, funding, and payments • Embed real-time payment capabilities across payment flows to Deposits Card issuing enhance worki
Slide 11: Use Cases: Business Payments Solutions
Use Cases: Business Payments Solutions Leveraging Real-Time Payments Providing Digital Solutions in B2C The Opportunity: There is lag time from when consumers The Opportunity: Customer preference has shifted to digital make card purchases and when funds hit our business but most B2C payments still o
Slide 12: Innovation is allowing us to optimize our distribution network
Innovation is allowing us to optimize our distribution network Our digital banking offerings are driving the transformation of our distribution network Our existing branch network Digital first - branch lite expansion Branch-equivalent distribution Branch count 3,133 3,106 3,067 -10% We are selectiv
Slide 13: Managing for the long-term while delivering near-term results
We are managing for the long-term while delivering near-term results that support a pathway to the future. U.S. BANCORP | 13We are managing for the long-term while delivering near-term results that support a pathway to the future. U.S. BANCORP | 13
Slide 14: 4Q20 Guidance Update
4Q20 Guidance Update • Net interest income • Noninterest income • Expenses • Credit quality • Tax rate U.S. BANCORP | 144Q20 Guidance Update • Net interest income • Noninterest income • Expenses • Credit quality • Tax rate U.S. BANCORP | 14
Slide 15: Appendix
Appendix U.S. BANCORP | 15Appendix U.S. BANCORP | 15
Slide 16: Non-GAAP Financial Measures
Non-GAAP Financial Measures ($ in millions) Net Revenue Line of Business Financial Performance 3Q20 YTD Corporate and Commercial Banking $ 3, 368 Consumer and Business Banking 7,198 Wealth Management and Investment Services 2,178 Payment Services 4,207 Treasury and Corporate Support 623 Total Compan
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