U.s. Bancorp · NYSE:USB
U.s. Bancorp — Deutsche Bank Global Financial Services Conference 2021
14 slides from U.s. Bancorp's conference presentation, Jun 2, 2021
Slide 1: Deutsche Bank Global Financial Services Conference 2021
Deutsche Bank Global Financial Services Conference 2021 Shailesh Kotwal Vice Chair, Payment Services Tim Welsh Vice Chair, Consumer and Business Banking June 2, 2021 U.S. BANCORP
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
U.S. Bancorp NYSE Traded USB Branches 2,306 Assets $553B Founded 1863 ATMs 4,079 Deposits $434B Market Value $90B Loans $294B Regional National International Consumer & Business Banking Corporate & Commercial Banking Payment Services and and Wealth Management and Wealth Management & Investment Servi
Slide 4: Our position in the industry
Our position in the industry Assets Deposits Market Value 1 J.P. Morgan $3,689 1 J.P. Morgan $2,278 1 J.P. Morgan $498 2 Bank of America 2,970 2 Bank of America 1,885 2 Bank of America 365 3 Citigroup 2,314 3 Wells Fargo 1,437 3 Wells Fargo 193 4 Wells Fargo 1,960 4 Citigroup 1,301 4 Citigroup 163 5
Slide 5: Our differentiated business mix supports consistent growth
Our differentiated business mix supports consistent growth Consumer & Payment Business Banking Services 42% 27% Corporate & Wealth Management Commercial Banking & Investment Services 18% 13% Consumer & Business Banking Corporate & Commercial Banking Payment Services Wealth Management & Investment Se
Slide 6: Our complete payments ecosystem is a differentiator
Our complete payments ecosystem is a differentiator Deposits Card issuing Cyclical rebound Lending Merchant processing U.S. Bank Capital solutions Payments Omni-commerce paired with Cash management capabilities Ecosystem Investment services AR and AP solutions Secular opportunities Banking services
Slide 7: We are benefiting from the cyclical rebound in spend activity
We are benefiting from the cyclical rebound in spend activity Payments Revenue - Segment Breakdown 1Q21 Drivers of the Cyclical Rebound Payments revenue, which includes net interest income and fee revenue, v accounted for 27%* of our 1Q21 net revenue RPS Revenue: CPS Revenue: Vaccines being Fiscal s
Slide 8: Weaving banking and payments together creates value for our customers
Weaving banking and payments together creates value for our customers Banking + Payments = Simple and holistic financial solutions Our banking and payments businesses are built with a digital advantage and human touch Building on our success… …to drive future growth through transformation U.S. Bank
Slide 9: Our investments in payments are driving new areas of secular growth
Our investments in payments are driving new areas of secular growth In both small business… …and in commercial and large corporate Developing new merchant capabilities Creating new B2B solutions Within merchant services, we focused our investment on the We are collaborating across U.S. Bank to enabl
Slide 10: Multiple growth opportunities in consumer bank
Multiple growth opportunities in consumer bank 1 Improving productivity of existing branches 2 Digital first – branch lite expansion Branch Leads #1 Contacted Mobile Check Deposit Cornerstone Advisors 58% #1 Customer Service Features Business Insider Intelligence Remodels and de novo in Charlotte: 1
Slide 11: State Farm – Transforming our distribution network
State Farm – Transforming our distribution network Milestones Deposit Growth • Deposits converted in 4Q20 • State Farm agents started deposit origination in 4Q20 Credit Cards • Credit card balances acquired in 3Q20 • State Farm agents started credit card sales in 2Q21 Agent Banking • Business bankin
Slide 12: Integrating our full set of banking solutions fuels long-term growth
Integrating our full set of banking solutions fuels long-term growth Human & Digital • The investments in our payments ecosystem will create client experiences that are seamless, autonomous, real-time and optimized Lending Omni-commerce Card • We believe we can grow our small business accounts over
Slide 13: Appendix
Appendix U.S. BANCORP | 13
Slide 14: Non-GAAP financial measures
Non-GAAP financial measures ($ in millions) Net Revenue Line of Business Financial Performance 1Q21 Corporate and Commercial Banking $ 925 Consumer and Business Banking 2,242 Wealth Management and Investment Services 696 Payment Services 1,413 Treasury and Corporate Support 194 Total Company 5,470 L
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