U.s. Bancorp · NYSE:USB
U.s. Bancorp — Goldman Sachs U.S. Financial Services Conference 2011
15 slides from U.s. Bancorp's conference presentation, Dec 7, 2011
Slide 1: Goldman Sachs U.S. Financial Services Conference 2011
Richard K. Davis Chairman, President and CEO December 7, 2011 Goldman Sachs U.S. Financial Services Conference 2011
Slide 2: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information 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 st
Slide 3: U.S. Bancorp Businesses
U.S. Bancorp Businesses 3Q11 Dimensions Asset Size $330 billion Deposits $223 billion Loans $205 billion Customers 17 million NYSE Traded USB Market Capitalization* $50 billion Founded 1863 Bank Branches 3,089 ATMs 5,092 * As of December 2, 2011 Overview
Slide 4: Diversified Business Model
Consumer Wholesale PCTAM Payments Treas & Corp Support Revenue 44 20 8 28 0 Diversified Business Model 3Q11 YTD, taxable-equivalent basis Excluding securities gains (losses) net Revenue Mix By Business Line Fee Income / Total Revenue Consumer and Small Business Banking 44% Payment Services 28% Wealt
Slide 5: Achieving Growth
Achieving Growth Proven Performance 2007 Ending Loans $154 billion Commercial Commercial Real Estate Res Mtg and Home Equity Credit Card Other Retail Covered 2007 Commercial 51074 Commercial Real Estate 29207 Residential Mortgage and Home Equity 39223 Credit Card 10956 Other Retail 23367 Covered 0 3
Slide 6: Sustaining Balance Sheet Quality
Sustaining Balance Sheet Quality Proven Performance Credit quality continues to improve Strong capital position $ 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 N
Slide 7: Industry-leading Profitability
Industry-leading Profitability Source: SNL and company reports; Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC USB Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 ROA 0.0116 0.0106 0.0097 0.0073 0.0066 0.0009 0.0008 0 USB Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Pe
Slide 8: Growing Market Share
Growing Market Share Middle Market Loan 19th 6th Book Runner Investment Grade Loan 11th 5th Book Runner Investment Grade Bond NA 13th Lead / Co-lead Source: Thomson Reuters, middle market comprised of North Central and West regions 2010 2007 USB Market Rank Market Share Change Core Deposits 2.0% 2.6
Slide 9: Investing for Growth
Investing for Growth Payments 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 Bank Southern DataComm AIMS Logistics Numero
Slide 10: Managing Capital Effectively
Managing Capital Effectively Strong capital generation and historically high payout ratio Goal to resume normal capital management Reinvest Acquisitions Dividends Share Repurchases 20 - 40% Targets: 30 - 40% 30 - 40% Investment criteria: Strategic fit Return > cost of capital (10-11%) 2003 2004 2005
Slide 11: Long-term Growth Drivers
Long-term Growth Drivers Return on recent and on-going investments in technology, corporate banking, wealth management, corporate trust, payments and M&A Positive leverage to economic recovery, particularly payments and trust Market share gains, including growth in loans and deposits as "flight to q
Slide 12: Positioned to Win
Positioned to Win Proven performance Building momentum (Sbancorp.
Slide 13: Appendix
Appendix (USbancorp.
Slide 14: Non-Regulatory Capital Ratios
Non-Regulatory Capital Ratios Appendix
Slide 15: Richard K. Davis Chairman, President and CEO December 7, 1 Goldman Sachs U.S. Financial
Richard K. Davis Chairman, President and CEO December 7, 2011 Goldman Sachs U.S. Financial Services Conference 2011
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