U.s. Bancorp · NYSE:USB
U.s. Bancorp — Debt Investor Presentation (August 2025)
13 slides from U.s. Bancorp's debt investor presentation, Aug 7, 2025
Slide 1: U.S. Bancorp Fixed Income Investor Presentation
August 7, 2025 U.S. Bancorp Fixed Income Investor Presentation Second Quarter 2025 U.S. Bank | Confidential 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: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including st
Slide 3: An Exceptional Banking Franchise
An Exceptional Banking Franchise Fee income represents 42% of U.S. Bancorp’s total net revenue1 Balance sheet3 Clients4 $673B Assets ~13M Consumers As a % of $613B Earning assets ~1.4M Businesses Total Revenue1,2 * ■ Payment Services $503B Deposits ~500K Wealth clients ■ Consumer & Business Banking
Slide 4: Strong Foundation
Strong Foundation Well-positioned for growth based on our strong risk management capabilities, balance sheet management program, and “through-the-cycle” earnings power Strong Capital Base Robust Liquidity Profile Proven Credit Quality Ongoing capital build through Abundant cash levels and low- Disci
Slide 5: Capital, Liquidity and Investment Portfolio
Capital, Liquidity and Investment Portfolio Strong Capital Base1 Total Available Liquidity ($B)2 Ongoing capital build through enhanced earnings generation Abundant cash levels and low-cost borrowing capacity 10.5% 10.6% 10.8% 10.7% 10.3% $59 8.6% 8.6% 8.8% 8.9% 8.1% 7.6% CET1 Ratio Total: Regulator
Slide 6: Wholesale Funding
Wholesale Funding Total Liabilities & Stockholders Equity: Ending Balances ($B)1 Senior & Subordinated Debt: Ending Balances ($B)2 Stable mix of funding with a strong deposit base $41.7 $675 $678 $686 $663 $38.3 4% 4% 4% $35.7 $573 4% 5% 2% 2% 2% 3% 9% 9% $30.4 6% 8% 30.2 2% $27.5 8% 9% 9% 27.2 6% 8
Slide 7: Consolidated Wholesale Funding Maturities
Consolidated Wholesale Funding Maturities Outstanding Debt1,2 by contractual maturity $, € in billions $6.2B 1.8 $4.4B $4.0B $4.1B $4.0B € 0.5 $3.7B $3.8B 1.0 1.2 1.8 $2.6B 1.3 $2.5B $2.0B 3.9 4.0 3.8 1.3 3.4 2.9 $1.1B $0.8B 2.3 2.6 2.4 2.0 € 1.0 1.2 0.8 2025 2026 2027 2028 2029 2030 2031 2032 2033
Slide 8: Credit Quality
Credit Quality Credit quality stable-to-improving despite ongoing economic uncertainty Net Charge-offs and Nonperforming Assets Allowance for Credit Losses Change vs. by Loan Category, 2Q25 Amount Reserve 2Q25 1Q25 2Q24 ($B) (%) Nonperforming assets Commercial $2.2 1.5% Balance $1,680 $(47) $(172) C
Slide 9: Credit Ratings
Credit Ratings Moody's S&P Fitch DBRS Ratings Outlook: Negative Stable Stable Stable U.S. Bancorp Senior Unsecured Debt A3 A A AA (low) Subordinated Debt A3 A- A- A (high) Short Term Issuer Rating P-21 A-1 F1 R-1 (middle) Preferred Stock Baa2 BBB BBB A (low) U.S. Bank National Association Senior Uns
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures June 30, March 31, December 31, September 30, June 30, (Dollars in Millions, Unaudited) 2025 2025 2024 2024 2024 Common equity tier 1 capital, determined in accordance with transitional regulatory capital requirements related to the current expected credit losses methodol
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Six Months Ended ($ in millions) June 30, 2025 Line of Business Financial Performance Net Revenue Wealth, Corporate, Commercial and Institutional Banking $ 5,947 Consumer and Business Banking 4,424 Payment Services 3,623 Treasury and Corporate Support (32) Total Company 1
Slide 12: Footnotes
Footnotes Slide 3 – An Exceptional Banking Franchise 1. For the six months ended June 30, 2025, taxable-equivalent basis 2. Business line revenue percentages exclude Treasury and Corporate Support 3. Average balances for 2Q25 4. Data as of May 30, 2025 5. Total purchase volume shown on a trailing 12
Slide 13: U.S. Bancorp
U.S. Bancorp 13
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