U.s. Bancorp · NYSE:USB
U.s. Bancorp — RBC Capital Markets Financial Institutions Conference 2021
16 slides from U.s. Bancorp's conference presentation, Mar 10, 2021
Slide 1: RBC Capital Markets Financial Institutions Conference 2021
RBC Capital Markets Financial Institutions Conference 2021 March 10, 2021 Terry Dolan Vice Chair and Chief Financial Officer Jeff von Gillern Vice Chair, Technology and Operations Services Exhibit 99.1
Slide 2: Forward-looking statements
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 statements about beliefs and expectations, are forwar
Slide 3: U.S. Bancorp
U.S. Bancorp NYSE TradedUSB Founded1863 Market Value$79B Branches 2,434 ATMs 4,232 Assets $554B Deposits $430B Loans $298B As of 12/31/20, except market value as of 3/5/21 Regional National International Consumer & Business Banking and Wealth Management Corporate & Commercial Banking and Wealth Mana
Slide 4: Our position in the industry
Our position in the industry Assets Deposits Market Value Source: company reports and Bloomberg Assets and deposits as of 12/31/20; market value as of 3/5/21 Assets Deposits Market Value U.S. U.S. U.S. Rank Company $ in billions Rank Company $ in billions Rank Company $ in billions 1 J.P. Morgan $3,
Slide 5: Our differentiated business mix supports consistent growth
Consumer & Business Banking Branch banking, small business banking, consumer lending, mortgage banking and omnichannel delivery Corporate & Commercial Banking Corporate Banking, Commercial Banking and Commercial Real Estate Payment Services Retail Payment Solutions, Global Merchant Acquiring and Cor
Slide 6: Long history of industry-leading returns
Long history of industry-leading returns… Return on Average Common Equity (5-Year Average)* Source: S&P Global Market Intelligence; Peer banks include: BAC, CFG, FITB, JPM, KEY, PNC, RF, TFC and WFC * 5-Year average ranges from 2016-2020, 10-Year average ranges from 2011-2020, 15-Year average ranges
Slide 7: Driven by superior PPNR and credit quality performance
Source: S&P Global Market Intelligence; Peer banks include: BAC, CFG, FITB, JPM, KEY, PNC, RF, TFC and WFC * PPNR defined by S&P Global Market Intelligence as: Net interest income, on a fully tax-equivalent basis, plus fees and other noninterest income minus non-credit-related expenses. Nonrecurring
Slide 8: Investing for the future
Investing for the future Innovation Optimization Superior Returns We are investing in people and technology with the goal of improving growth and efficiency is providing opportunities for and driving
Slide 9: Our investments have proven to be dependable
Our investments have proven to be dependable COVID-19 has accelerated the shift to digital banking This shift has allowed us to capitalize on efficiencies which have led to increased returns Our technology strategy, paired with our current capabilities, will allow us to grow our digital banking even
Slide 10: Technology will continue to power us forward
~20% lower incremental costs for new features 60% of digital consumer touchpoints serviced by the cloud Mainframe usage reduced by 20% Technology will continue to power us forward Current Capabilities Technology Modernization Strategy Engrain Security Engineering Culture & Up-skilling Cloud Accelera
Slide 11: A New Tech Stack Will Impact All Business Lines
A New Tech Stack… …Will Impact All Business Lines Create a unified data platform and APIs, for scalability and analytics Modernize our technology stack to enable flexibility and agility Enhance how we work, to improve time to market and cost Simplify our systems in a secure and reliable infrastructu
Slide 12: Bridging the gap between banking and payments services
Bridging the gap between banking and payments services Payments services U.S. Bank Payments Ecosystem Card issuing Merchant processing AR and AP solutions Omni-commerce capabilities Lending Deposits Capital solutions Cash management Investment services Banking services Payments services As the lines
Slide 13: Modernization use case: talech
Helping us lead the banking and fintech evolution talech provides cloud-based software that allows businesses to manage multiple operational tasks in a single POS solution Services Appointment scheduling Billing Online payment portal The Right Fit for Small Businesses Bridging the Banking & Payments
Slide 14: 1Q21 guidance update
Net interest income Noninterest income Expenses Credit quality Tax rate 1Q21 guidance update
Slide 15: Appendix
Appendix =— U.S. BANCORP | 15
Slide 16: Non-GAAP financial measures
Non-GAAP financial measures
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