U.s. Bancorp · NYSE:USB
U.s. Bancorp — The CFA Society of Minnesota Investor Conference (May 2012)
26 slides from U.s. Bancorp's conference presentation, May 24, 2012
Slide 1: Consumer Banking – CFA Society of Minnesota Investor Conference
Rick Hartnack Vice Chairman Consumer Banking May 24, 2012 The CFA Society of Minnesota Investor Conference
Slide 2: Forward-looking statements
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 statements about beliefs and expectations, are forward-l
Slide 3: U.S. Bancorp Overview
U.S. Bancorp U.S. Bancorp Overview Consumer and Small Business Banking
Slide 4: U.S. Bancorp Dimensions
1Q12 * As of May 18, 2012 U.S. Bancorp Dimensions Asset Size $341 billion Deposits $234 billion Loans $212 billion Customers 17.4 million NYSE Traded USB Market Capitalization* $58 billion Founded 1863 Bank Branches 3,080 ATMs 5,061 Overview
Slide 5: U.S. Bancorp Dimensions vs. peers
U.S. Bancorp Dimensions Source: company reports & FactSet Assets and Deposits as of 1Q12, Market Value as of May 18, 2012 Overview Assets Market Value Deposits
Slide 6: Revenue Mix By Business Line
2011 full year, taxable-equivalent basis Excluding securities gains (losses) net Revenue Mix By Business Line Fee Income / Total Revenue Diversification Consumer and Small Business Banking 44% Payment Services 28% Wealth Mgmt and Securities Services 8% Wholesale Banking and Commercial Real Estate 20
Slide 7: Peer Banks
Peer Banks Peer Bank Ticker Symbols BAC Bank of America PNC PNC BBT BB&T RF Regions FITB Fifth Third STI SunTrust JPM J.P. Morgan USB U.S. Bancorp KEY KeyCorp WFC Wells Fargo Bank of America SunTrust Wells Fargo KeyCorp BB&T Fifth Third Regions PNC J.P. Morgan U.S. Bancorp Overview
Slide 8: Performance Metrics
Source: company reports Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, USB and WFC Performance Metrics USB Rank #1 USB Rank #1 USB Rank #1 Overview
Slide 9: Revenue Growth
* Gain on merchant processing agreement settlement $ in millions, taxable-equivalent basis Prior 5 Quarters Year-Over-Year Growth 4.6% 3.8% 4.5% 8.1% 9.1% Prior 5 Years Year-Over-Year Growth 2.3% 4.4% 13.6% 8.9% 5.3% Revenue Growth USB Record Revenue 2011 Overview
Slide 10: Revenue Growth vs. Peers
Source: company reports Full Year 2011 vs. 2010 Revenue Growth vs. Peers Overview
Slide 11: Loan and Deposit Growth Overview
Loan and Deposit Growth Overview $ in billions 6% 12% 2% 4% 5% 17% 6% 12% 14% 18% 4% 4% 4% 13% 12% 10% 15% 0% 12% 24% Loans Deposits Prior 5 Quarters Average Balances Year-Over-Year Growth Prior 5 Years Average Balances Year-Over-Year Growth
Slide 12: Loan and Deposit Growth vs. Peers
Average balances Source: company reports Loan Growth 2011 vs. 2010 Deposit Growth 2011 vs. 2010 Loan and Deposit Growth vs. Peers Overview
Slide 13: Credit Quality
Credit Quality $ in millions, linked quarter change * Excluding Covered Assets (assets subject to loss sharing agreements with FDIC), 1Q11 change in NPAs excludes FCB acquisition ($287 million) Change in Net Charge-offs Change in Nonperforming Assets* NCO $ Change (Left Scale) NCO % Change (Right Sc
Slide 14: Capital Position
$ in billions TARP Equity Tier 1 Capital Tier 1 Capital Ratio Tier 1 Common Ratio 1Q12 Tier 1 Common Ratio Basel III: 8.4% Capital Position Overview
Slide 15: Capital Actions
Capital Actions Dividend increase and share repurchase authorization announced March 13th Annual dividend raised from $0.50 to $0.78, a 56% increase One year share repurchase authorization of 100 million shares Dividends Share Repurchases 20 - 40% Targets: 30 - 40% 30 - 40% 34% 1Q12 Actual: 37% 29%
Slide 16: U.S. Bancorp Overview
U.S. Bancorp U.S. Bancorp Overview Consumer and Small Business Banking
Slide 17: Business Line Profile
Revenue Mix Contribution to U.S. Bancorp Revenue Pre-provision Income Loans Deposits 44% 35% 57% 52% 2011 full year, excluding Treasury and Corporate Support Community Banking 26% Home Mortgage 30% Metropolitan Banking 25% In-store On-site Banking Consumer Lending 13% 6% Business Line Profile Consum
Slide 18: The Right Delivery Model
Community Banking 1,096 Branches Full consumer and business banking services delivered through a relationship management model Metropolitan Banking 1,131 Branches Full consumer and small business banking services delivered through a relationship management model In-store/On-site Banking 853 Branches
Slide 19: Branch Distribution
2012 Branches Metro traditional offices Community traditional offices In-Store Offices On-Site Offices Branch Distribution 3,080 U.S. Bank branch offices 5,061 U.S. Bank branded ATMs 17.4 million customers #4 branch network in U.S. with 25 contiguous state distribution footprint #1 in-store and on-s
Slide 20: Acquisitions across Payments, Consumer Banking and Trust
Payments Financial institutions credit card portfolio of FIA Card Services Merchant processing portfolio of Santander-Mexico Merchant processing portfolio of Citizens National Bank Credit card portfolios from Citi Merchant processing portfolio of MB Financial Bank Credit card portfolio of Town North
Slide 21: Investing for Growth: Mortgage Banking
$ in billions, Servicing = mortgages serviced for others Source: National Mortgage News Investing for Growth Consumer and Small Business Banking Originations Servicing USB Rank #25 Mortgage Banking Continue to build a strong mortgage origination and servicing business through: Industry leading clien
Slide 22: Investing for Growth: Small Business
Investing for Growth Consumer and Small Business Banking Small Business Small Business Banking provides clients with a best in class service experience built on the foundation of a strong product line and full support across all channels Leverages branch managers into an efficient, effective sales a
Slide 23: Investing for Growth: Other Initiatives
Investing for Growth Consumer and Small Business Banking Other Initiatives Distinctive Customer Experience Building Deeper Relationships Optimize Branch Network Innovation
Slide 24: Momentum continues
Momentum continues y y y Allof us serving your usbancorp
Slide 25: Appendix
Appendix (Sbancorp.
Slide 26: Non-GAAP Financial Measures
Non-GAAP Financial Measures Appendix
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