U.s. Bancorp · NYSE:USB
U.s. Bancorp — BancAnalysts Association of Boston Conference 2022
17 slides from U.s. Bancorp's conference presentation, Nov 4, 2022
Slide 1: BancAnalysts Association of Boston Conference 2022
BancAnalysts Association of Boston Conference 2022 Terry Dolan Vice Chair and Chief Financial Officer Gunjan Kedia Vice Chair, Wealth Management and Investment Services November 4, 2022 Exhibit 99.1
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
U.S. Bancorp As of 9/30/22, except market value as of 10/21/22 NYSE TradedUSB Founded1863 Market Value $60B Branches 2,205 ATMs 4,089 Assets $601B Deposits $471B Loans $343B
Slide 4: 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, Commercial Real Estate, and Fixed Income Capital Markets Payment Services Retail Payment Solutions, Gl
Slide 5: Wealth Management and Global Corporate Trust
(1) Digital interactions include all online Wealth Management client activities, which include but are not limited to mobile app logins, money movement, trading, eStatement delivery and completed wealth plans (2) Ranking by ABAlert market share data year-to-date as of 9/30/2022; CDO – Collateralized
Slide 6: Our WMIS business has had strong growth over the years
Our WMIS business has had strong growth over the years supported by underlying macroeconomic growth across markets Financial markets provide a built-in growth engine 2015 2016 2017 2018 2019 2020 2021 3Q22 YTD FYE 2015 – FYE 2021 CAGR: 11.7% (1) U.S. Bank revenue percentages exclude Treasury and Cor
Slide 7: Our "One U.S. Bank" approach enables our success
Loyal Customer Base Broad access to retail and institutional clients Strong distribution network through well-established relationships Balance Sheet Strength Strong loan and deposit-generating businesses Bolt-on M&A and organic initiatives have streamlined growth Joint Product Innovation Deepening
Slide 8: Robust distribution across all business lines
CBB & CCB ↔ Wealth Management: Assisting small and mid-sized business owners in retirement and estate planning upon sale of business Payments ↔ Wealth Management: Introducing Automated Investor to credit card customers through joint marketing CCB ↔ Government Entities: Providing corporate trust serv
Slide 9: Deepening relationships through product innovation
(1) Collateralized Loan Obligation; (2) PFM Asset Management Our internal and external relationships have enabled us to build and offer attractive, innovative products to our customers Deepening relationships through product innovation Custody/Foreign Exchange (2019) Luxembourg Launch (2020) Automat
Slide 10: Our balance sheet gives us a powerful advantage
(1) WMIS loans and deposits; As of 2021, Community Wealth Loans and Deposits have moved from Consumer & Business Banking into WMIS; All periods have been presented on a consistent basis to reflect these changes 2018-2021 CAGR: 12.7% 2018-2021 CAGR: 8.1% WMIS has had robust loan growth supported by s
Slide 11: Acquisitions have augmented our organic growth
Bank of America Securitization Trust First Citizens Bank Municipal Trustee Mutual fund Servicing of Fiduciary Management AmeriServ Corporate Trustee AIS Fund Admin Union Bank Institutional Trust UMB Bank Indiana Corporate Trust Wachovia Corporate Trust National City Corporate Trust SunTrust Corporat
Slide 12: Focused on expanding our reach and our product set
Excellence in Digital Capability Mergers & Acquisitions Exceptional Client Service Delivering One U.S. Bank We continue to grow our business via organic corporate initiatives and bolt-on M&A opportunities Our competitive digital offerings and robust product suite deepens our relationships We leverag
Slide 13: A strategically and financially attractive acquisition
+ Deploy broad product set and digital capabilities Creates significant value through expense synergies Increased share in attractive markets Meaningfully enhances scale Improves returns, accelerates long-term growth Similar customer-centric cultures and credit underwriting discipline A strategicall
Slide 14: Scale, product breadth, and technology to penetrate
Scale, product breadth, and technology to penetrate… Consumer & Business Banking #1 rated mobile bank2 Digital mortgage Smart assistant Co-browse Consumer Accounts Integrated Payment Services Merchant acquiring Real-time payments Omni-commerce B2B payments Business Banking Clients Wealth Management
Slide 15: Union Bank acquisition update
Progress What’s Next Extensive integration and conversion planning Received all required U.S. and Japanese regulatory approvals Integration and conversion plan execution across all business lines and corporate functions Transaction close targeted for December 1st, 2022, pending satisfaction of custo
Slide 16: Appendix
Appendix
Slide 17: Non-GAAP financial measures
Non-GAAP financial measures
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