U.s. Bancorp · NYSE:USB
U.s. Bancorp — Goldman Sachs U.S. Financial Services Conference 2012
16 slides from U.s. Bancorp's conference presentation, Dec 4, 2012
Slide 1: Goldman Sachs U.S. Financial Services Conference 2012
Goldman Sachs U.S. Financial Services Conference 2012 Richard K. Davis Chairman, President and CEO December 4, 2012
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: 3Q12 Dimensions
3Q12 Dimensions * As of November 23, 2012 U.S. Bancorp Businesses Asset Size $352 billionDeposits $244 billionLoans $218 billionCustomers 17.4 millionNYSE Traded USBMarket Capitalization* $61 billionFounded 1863Bank Branches 3,086ATMs 5,080
Slide 4: Revenue Mix by Business Line
3Q12 YTD, taxable-equivalent basisExcluding securities gains (losses) net Revenue MixBy Business Line Fee Income / Total Revenue Diversification (CHART) Consumer andSmall Business Banking47% Payment Services26% Wealth Mgmt and Securities Services8% Wholesale Banking and Commercial Real Estate19% 55%
Slide 5: Revenue Growth
* Gain on merchant processing agreement settlement$ in millions, taxable-equivalent basis (CHART) (CHART) Prior 5 YearsYear-Over-Year Growth 2.3% 4.4% 13.6% 8.9% 5.3% Prior 5 QuartersYear-Over-Year Growth 4.5% 8.1% 9.1% 8.1% 8.0% Revenue Growth USB RecordRevenue 2011 USB RecordRevenue 3Q12
Slide 6: Loan and Deposit Growth
$ in billions (CHART) (CHART) 6% 12% 8% 5% 17% 6% 11% 11% 18% 1% 7% 7% 20% 5% 11% 13% 5% 21% 15% Loans Deposits Prior 5 YearsEnding BalancesYear-Over-Year Growth Prior 5 QuartersAverage BalancesYear-Over-Year Growth Loan and Deposit Growth 7%
Slide 7: Performance Metrics
Source: SNL and company reportsPeer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC Return onAverage Assets Return on AverageCommon Equity Efficiency Ratio 3Q12 YTD Full Year 2011 Performance Metrics (CHART) (CHART) (CHART) (CHART) (CHART) (CHART)
Slide 8: Growing Market Share
Middle Market Loan 19th 7th BookrunnerInvestment Grade Loan 11th 6th BookrunnerInvestment Grade Bond NA 10th Lead / Co-leadSource: Thomson Reuters based on number of issues 2011 2007 USB Market Rank MarketShareChange Core Deposits 2.0% 2.6% Consumer Loans 1.8% 3.2%Mortgage Origination 0.7% 4.8%C&I L
Slide 9: Acquisitions
PaymentsFSV Payment SystemsTransCard's heavy truck fuel card networkFinancial institutions credit card portfolio of FIA Card ServicesMerchant processing portfolio of Santander-MexicoMerchant processing portfolio of Citizens National Bank Credit card portfolios from CitiMerchant processing portfolio
Slide 10: Capital Management
Capital Management Dividend increase and share repurchase authorization announced March 13thAnnual dividend raised from $0.50 to $0.78, a 56% increaseOne year share repurchase authorization of 100 million shares3Q12 Basel III Tier 1 common equity ratio approximately 8.2% Reinvest andAcquisitions Div
Slide 11: 4Q12 Update
4Q12 Update Loan GrowthNet Interest MarginEconomic Environment
Slide 12: Long-term Goals and Summary
Long-term GoalsOptimal business line mixInvestments generating positive returns Profitability:ROE 16-19%ROA 1.60-1.90%Efficiency Ratio low 50sCapital distributions:Earnings distribution 60-80% Summary Current StatusFour simple and stable business linesMortgage, wealth management, corporate banking,
Slide 13: Momentum continues
Momentum continues yy Allof us serving you usbancorp.
Slide 14: Appendix
Appendix TBbancorp
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures
Slide 16: Goldman Sachs U.S. Financial Services Conference 2012
Goldman Sachs U.S. Financial Services Conference 2012
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