U.s. Bancorp · NYSE:USB
U.s. Bancorp — BancAnalysts Association of Boston Conference 2022
17 slides from U.s. Bancorp's conference presentation, Nov 4, 2022
Slide 1: BancAnalysts Association of Boston Conference 2022
us| bank. November 4, 2022 BancAnalysts Association of Boston Conference 2022 Terry Dolan Vice Chair and Chief Financial Officer Gunjan Kedia Vice Chair, Wealth Management and Investment Services
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-
Slide 3: U.S. Bank at a glance
NYSE Traded USB Branches 2,205 Assets $601B Founded 1863 ATMs 4,089 Deposits $471B Market Value $60B Loans $343B As of 9/30/22, except market value as of 10/21/22 U.S. Bank 3
Slide 4: Business lines by revenue
Consumer & Business Banking 35% Payment Services 28% Corporate & Commercial Wealth Management Banking & Investment Services 19% 18% Consumer & Business Banking Corporate & Commercial Banking Payment Services Wealth Management & Investment Services Branch Banking, Small Business Banking, Corporate Ba
Slide 5: Wealth Management and Investment Services core businesses
Wealth Management and Investment Services core businesses Wealth Management Global Corporate Trust Provides tailored investment, trust, and banking services to individuals ranging from emerging wealth to ultra high net worth. Business Highlights: * Revenue has doubled from 2015 — 2021 + Wealth manag
Slide 6: Our WMIS business has had strong growth over the years
2015-2021 CAGR: 9.9% WMIS Revenue ($MM) 3500 $3,268 $3,223 $3,007 $2,879 $2,975 3000 $2,650 2500 $2,126 $2,391 2000 $1,830 1500 1000 500 Our WMIS business has had 0 2015 2016 2017 2018 2019 2020 2021 3Q22 YTD strong growth over the years supported by underlying FYE 2015 – FYE 2021 MSCI World Index2
Slide 7: Our "One U.S. Bank" approach enables our success
Our “One U.S. Bank” approach enables our success Loyal Customer Base ° Broad access to retail and institutional clients ° Strong distribution network through well-established relationships WD us. bank Joint Product Innovation Deepening client engagement through integrated analytics and initiatives S
Slide 8: Access to U.S. Bank's business lines expands our reach to diversified customer segments
Access to U.S. Bank’s business lines expands our reach to diversified customer segments Illustrative Examples: WMIS Customer • CBB & CCB ↔ Wealth Management: Assisting Segments small and mid-sized business owners in retirement and estate planning upon sale of business Wealth Management • Payme
Slide 9: Our relationships have enabled us to build innovative products
Our internal and external relationships have enabled us to build and offer attractive, innovative products to our customers Custody/Foreign Luxembourg Launch Automated Investor CLO1 Data Product Exchange (2020) (2021) (2021) (2019) PFMAM2 & Government National Private Banking Cryptocurrency Custody
Slide 10: Robust loan and deposit growth provides a strong competitive advantage
Robust loan and deposit growth… …provides a strong competitive advantage • WMIS has had robust loan growth supported by strong underlying deposit trends • Trust deposits have a strong operational foundation • Deep relationships have resulted in lower betas compared to the last rising rate cycle • Va
Slide 11: Assets Under Custody and Administration and Assets Under Management
PFM Asset AUCA Assets Under Custody and Administration and Assets Under Management ($bn) Management AUM ($Bn) AUCA 2005-2021 CAGR: 9% ($Bn) Union Bank Corp Trust & $10,000 First Nat’l Bank Custody 450 of Sioux Falls Corp Trust 400 $9,000 First Citizens Portfolio AIS Fund Admin Bank SunTrust Municipa
Slide 12: Digital capability, client service, One U.S. Bank, and M&A
Excellence in Digital Capability Exceptional Client Service Delivering One U.S. Bank Mergers & Acquisitions Our competitive digital offerings and We focus on exceptional client services We continue to grow our business via We leverage the power of “One U.S. robust product suite deepens our and suppo
Slide 13: Union Bank acquisition creates significant value through expense synergies
Creates significant value through expense synergies Deploy broad product Increased share in set and digital attractive markets capabilities + Improves returns, Meaningfully accelerates long-term enhances scale growth Similar customer-centric cultures and credit underwriting discipline U.S. Bank 13
Slide 14: Scale, product breadth, and technology; large, loyal client base
Scale, product breadth, and technology to penetrate… … Large, loyal client base1 Consumer Accounts Consumer & • #1 rated mobile bank2 • Smart assistant Business Banking • Digital mortgage • Co-browse 1 million Business Banking Clients Integrated • Merchant acquiring • Omni-commerce Payment Services
Slide 15: Progress and What's Next
Progress • Extensive integration and conversion planning • Received all required U.S. and Japanese regulatory approvals What’s Next • Integration and conversion plan execution across all business lines and corporate functions • Transaction close targeted for December 1st, 2022, pending satisfaction
Slide 16: U.S. Bank
U.S. Bank 16
Slide 17: Non-GAAP financial measures
Non-GAAP financial measures WD us.tax ($ in millions) Net Revenue Line of Business Financial Performance 3Q22 YTD 2015 Corporate and Commercial Banking 3,249 $ 2,894 Consumer and Business Banking 6,026 7,065 Wealth Management and Investment Services 3,007 1,830 Payment Services 4,718 5,301 Treasury
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