U.s. Bancorp · NYSE:USB
U.s. Bancorp — Deutsche Bank 2011 Global Financial Services Investor Conference
22 slides from U.s. Bancorp's conference presentation, Jun 7, 2011
Slide 1: Deutsche Bank 2011 Global Financial Services Investor Conference
Andy Cecere Vice Chairman and CFO June 7, 2011 Deutsche Bank 2011 Global Financial Services Investor Conference
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: U.S. Bancorp Overview, Advantaged Position, Current Topics
U.S. Bancorp Overview Advantaged Position Current Topics
Slide 4: U.S. Bancorp Businesses and 1Q11 Dimensions
*As of June 3, 2011 U.S. Bancorp Businesses 1Q11 Dimensions Asset Size $311 billion Deposits $208 billion Loans $198 billion Customers 17 million NYSE Traded USB Market Capitalization* $47 billion Founded 1863 Bank Branches 3,082 ATMs 5,238
Slide 5: Mix of Businesses
Mix of Businesses Payment Services Retail Payment Solutions Corporate Payment Systems Global Merchant Acquiring Wealth Management and Securities Services Wealth Management Corporate Trust Services Fund Services U.S. Bancorp Asset Management Institutional Trust & Custody Consumer and Small Business B
Slide 6: Performance Metrics
Performance Metrics Source: SNL and company reports; Peer Banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, USB and WFC USB Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 ROA 0.0109 0.0101 0.0091 0.0071 0.0062 0.0014 USB Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 ROC
Slide 7: Revenue Growth
Revenue Growth 1Q10 2Q10 3Q10 4Q10 1Q11 Reported 4321 4519 4587 4721 4519 2006 2007 2008 2009 2010 Reported 13742 14060 14677 16668 18148 $ in millions Taxable-equivalent basis Prior 5 Quarters Year-Over-Year Growth 11.3% 8.7% 7.9% 7.9% 4.6% Prior 5 Years Year-Over-Year Growth 3.8% 2.3% 4.4% 13.6% 8
Slide 8: Loan and Deposit Growth
Loan and Deposit Growth 1Q10 2Q10 3Q10 4Q10 1Q11 Loans 192.9 191.2 192.5 195.5 197.6 Deposits 182.5 183.3 182.7 190.3 204.3 2006 2007 2008 2009 2010 Loans 143.6 153.8 185 194.8 197.1 Deposits 124.9 131.4 159.4 183.2 204.3 $ in billions 2.0% $195.5 2.4% $197.6 3.9% $192.9 4.0% $191.2 5.8% $192.5 5.2%
Slide 9: Loan and Deposit Growth vs. Peers
Loan and Deposit Growth vs. Peers Average balances adjusted for acquisitions Acquisition adjustments: USB - FCB and securitization trust acquisitions USB Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Loan Growth 0.021 0.006 0 -0.01 -0.053 -0.054 -0.054 -0.054 -0.081 -0.144 USB Peer
Slide 10: Credit Quality
Credit Quality 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 NPA $ Change 76 49 155 290 357 489 727 626 386 184 91 -261 -171 -212 -159 NPA % Change 0.13 0.08 0.22 0.34 0.31 0.33 0.37 0.23 0.12 0.05 0.02 -0.07 -0.05 -0.06 -0.05 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09
Slide 11: Capital Position
Capital Position $ in billions 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 TARP 0 0 0 0 24.4 25.3 0 0 0 0 0 0 0 0 Tier 1 Capital Ratio 0.083 0.086 0.085 0.085 0.106 0.109 0.094 0.095 0.096 0.099 0.101 0.103 0.105 0.108 Tier 1 Common Ratio 0.056 0.057 0.056 0.057 0.051 0.054
Slide 12: U.S. Bancorp Overview, Advantaged Position, Current Topics
U.S. Bancorp Overview Advantaged Position Current Topics
Slide 13: Advantaged Position: Growing the Business
2007 Noninterest Bearing 33334 Savings 58298 Time 39813 Advantaged Position Growing the business 1Q11 Noninterest Bearning 47039 Savings 113971 Time 47249 4Q07 Ending Deposits $131 billion 1Q11 Ending Deposits $208 billion 1Q11 Commercial 49272 Commercial Real Estate 35437 Residential Mortgage and H
Slide 14: Advantaged Position: Growing the Business
Growing the business Advantaged Position 2010 Consumer 33 Wholesale 28 Wealth Management 5 Payments 34 2007 Consumer 39 Wholesale 24 Wealth Management 13 Payments 24 1Q07 Pre-provision Income $1.8 billion 1Q11 Pre-provision Income $2.2 billion 1Q11 4Q07 Employees 61256 54243 Number of Employees 24%
Slide 15: Advantaged Position: Minimal Dilution During Financial Crisis
Advantaged Position Assumes 50% common stock issuance to redeem outstanding TARP Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, and WFC Minimal dilution during financial crisis Peer 1 USB Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Dilution 0.04 0.09 0.15 0.16 0.21 0.5 0.55 0.59 0.8
Slide 16: U.S. Bancorp Overview, Advantaged Position, Current Topics
U.S. Bancorp Overview Advantaged Position Current Topics
Slide 17: Regulatory Environment
Regulatory Environment Existing regulatory oversight actions Future regulatory oversight actions Dodd-Frank Wall Street Reform and Consumer Protection Act Consumer Financial Protection Bureau FY 2010 Annual Actual Run Rate Overdraft Legislation ^ $255 ^ $440 - $480 Pricing and Policy Changes Card Ac
Slide 18: Capital and Liquidity
Capital Capital Tier 1 common ratio 7.7% under Basel III Liquidity Liquidity Coverage Ratio (LCR) requires replacing off-balance sheet liquidity with on-balance sheet liquidity Expect transition to on-balance sheet liquidity to result in increase in average investment portfolio in 2011 No impact to
Slide 19: Deutsche Bank 2011 Global Financial Services Investor Conference
Andy Cecere Vice Chairman and CFO June 7, 2011 Deutsche Bank 2011 Global Financial Services Investor Conference
Slide 20: Appendix
Appendix (USbancorp.
Slide 21: Non-Regulatory Capital Ratios
Non-Regulatory Capital Ratios
Slide 22: Deutsche Bank 2011 Global Financial Services Investor Conference
Andy Cecere Vice Chairman and CFO June 7, 2011 Deutsche Bank 2011 Global Financial Services Investor Conference
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