U.s. Bancorp · NYSE:USB
U.s. Bancorp — Barclays Americas Select Franchise Conference 2019
20 slides from U.s. Bancorp's conference presentation, May 10, 2019
Slide 1: Barclays Americas Select Franchise Conference 2019
Barclays Americas Select Franchise Conference 2019 May 14, 2019 Terry Dolan Vice Chairman and Chief Financial Officer Andy Cecere Chairman, President and Chief Executive Officer Exhibit 99.1
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: Today’s presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including
Slide 3: U.S. Bancorp
As of 3/31/19, except market value as of 5/6/19 NYSE Traded USB Founded 1863 Market Value $85B Assets $476B Deposits $348B Loans $288B U.S. Bancorp
Slide 4: Our Advantaged Position
Source: company reports and Bloomberg Assets and deposits as of 3/31/19, market value as of 5/6/19 Our Advantaged Position Assets Market Value Deposits
Slide 5: Our Businesses
Consumer & Business Banking, 40% Branch banking, small business banking, consumer lending, mortgage banking and omnichannel delivery Payment Services, 29% Retail payment solutions, global merchant acquiring and corporate payment systems Corporate & Commercial Banking, 18% Corporate banking, commerci
Slide 6: Our Financial Performance
Full year 2018 Source: company reports; peer banks include: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC * Non-GAAP, see slide 20 for USB calculation Our Financial Performance Return on Average Common Equity Return on Average Assets Efficiency Ratio
Slide 7: Our Strategy
Adapting to meet customer expectations Embracing change and the future of banking Leveraging technology and innovation Creating a nimble and agile environment Making it easier to do business with us Optimizing everything Building on our ethical culture Safeguarding our customers’ information Maintai
Slide 8: How We Execute
How We Execute We strive to improve the experience and add value for our customers at every touchpoint, delivering the choice, convenience, control and insights they desire by: Putting the customer in the center Strategically investing in technology Driving innovation across the company
Slide 9: Empowering Our Corporate Clients
Empowering Our Corporate Clients Data analytics Embedded Tableau visualizations provide portfolio insights at a glance Real-time cash and trades Reimagined design provides real-time data and straight-through processing Mobile Leveraged fintech partnership to “mobilize” web without additional coding
Slide 10: Advancing Corporate Payments
Advancing Corporate Payments In an industry first, our Expense Wizard platform leverages virtual card, artificial intelligence and chatbot technology to address a new category of business spend. Today, non-employees and infrequent travelers rely on personal cards for their business spend In real tim
Slide 11: Funding Small Businesses Faster
We developed an end-to-end digital application to simplify and transform the way our customers fund their small businesses. Business process impacts Technology impacts Reduced the number of application fields by >70% More than doubled the rate of applications approved with no underwriter review Dash
Slide 12: Streamlining Mortgage Lending
Pre-filled customer information Loan decision within minutes of application submission Proactive communications and automated follow-ups eConsent for electronic loan document delivery and eSignature capabilities Improved customer experience Substantial time savings for our Mortgage Loan Officers Fas
Slide 13: Reimagining Mobile Banking
Our completely redesigned mobile app features a competitive set of service and sales functionalities, making mobile banking simpler than ever. Reimagining Mobile Banking Features a comprehensive suite of consumer and small business products Offers personalized insights and proactively addresses cust
Slide 14: Adapting Our Delivery Model
Adapting Our Delivery Model Relocating and redesigning branches in our existing markets Selectively entering new markets with a branch-lite physical presence Closing offices where appropriate and optimizing square footage As we continually enhance our products and capabilities to better serve our cu
Slide 15: Optimizing Our Existing Branch Network
As we accelerate the transformation of our distribution network, we aim to deliver the branch model that best serves our customers’ evolving preferences. Optimizing Our Existing Branch Network
Slide 16: Expanding Our Physical Presence
We will selectively expand into new markets, leveraging: Single-product customer relationships outside our existing branch footprint Enhanced digital capabilities Branch-lite physical presence The strengths and capabilities of all of USB’s major lines of business Expanding Our Physical Presence “U.S
Slide 17: Driving Growth and Returns
Drivers of improving returns: Net interest income Noninterest income Positive operating leverage Capital management Driving Growth and Returns Industry-leading Returns 2018 ROACE vs Peers Source: company reports; peers include: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC Capital conservation buff
Slide 18: Appendix
Appendix —_ U.S. BANCORP | 18
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures
Slide 20: Non-GAAP Financial Measures
Based on a federal income tax rate of 21 percent for those assets and liabilities whose income or expense is not included for federal income tax purposes. Non-GAAP Financial Measures
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