U.s. Bancorp · NYSE:USB
U.s. Bancorp — Goldman Sachs U.S. Financial Services Conference 2023
11 slides from U.s. Bancorp's conference presentation, Dec 6, 2023
Slide 1: Goldman Sachs U.S. Financial Services Conference 2023
December 6, 2023 Goldman Sachs U.S. Financial Services Conference 2023 Andy Cecere Chairman, President and Chief Executive Officer John Stern Senior Executive Vice President and Chief Financial Officer U.S. Bank | Confidential 1
Slide 2: Forward-looking statements
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
Slide 3: A trusted partner with a strong foundation
A trusted partner with a strong foundation NYSE Traded USB Branches 2,280 Assets $668B Founded 1863 ATMs 4,520 Deposits $518B Market Cap $59B Loans $375B Regional National International Branch footprint Mortgage, Wealth and Payment Services Business, Commercial & Investment Services Corporate Bankin
Slide 4: Our differentiated business mix supports consistent growth
Our differentiated business mix supports consistent growth Consumer & Payment Services - 25% Business Banking - 37% Wealth, Corporate, Commercial & Institutional Banking - 38% Consumer & Business Banking Wealth, Corporate, Commercial & Payment Services Institutional Banking Branch Banking, Small Bus
Slide 5: Enhancing Our Strength and Stability
Enhancing Our Strength and Stability Successful Accelerated Category II Conversion of Capital Commitment Union Bank Build Relief National banking franchise with increased scale, broader reach and meaningful growth opportunities U.S. Bancorp 5
Slide 6: Union Bank Acquisition… One Year Later
Union Bank Acquisition… One Year Later What we’ve accomplished: Meaningful growth opportunities: Providing a more holistic product and service offering Successful Conversion state of the art digital tools to Union Bank’s loyal customers ~1m ~190k >50k Consumer Business Banking Commercial & Accounts
Slide 7: Capital Efficient Growth
Capital Efficient Growth Continued focus on high-margin / high-growth business and deepening our most profitable client relationships Pre-acquisition CET1 ratio 1,2 Our Strategy Impact of Union Bank • Deepen client relationships and acquisition leverage full-bank capabilities 1.6% • Reduce lending a
Slide 8: Post-Category II Commitment relief
Post-Category II Commitment relief Industry Leading Returns Greater Balance Greater scale, broader product set, Sheet Flexibility and deepening client Focused on high relationships across AOCI Transition our diversified margin / high growth Timing business and business supports our deepening client
Slide 9: Well-Positioned for 2024 and Beyond
Well-Positioned for 2024 and Beyond Realization of Revenue Growth Opportunities with Union Bank Prudent Expense Management Focus on Industry Leading Returns U.S. Bancorp 9
Slide 10: U.S. Bancorp
U.S. Bancorp
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Nine Months Ended September 30, ($in millions) 2023 Line of Business Financial Performance Net Revenue Wealth, Corporate, Commercial and Institutional Banking $ 7,813 Consumer and Business Banking 7,669 Payment Services 5,018 Treasury and Corporate Support 882 Total Compa
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