U.s. Bancorp · NYSE:USB
U.s. Bancorp — Deutsche Bank Securities' 2012 Global Financial Services Investor Conference
15 slides from U.s. Bancorp's conference presentation, May 21, 2012
Slide 1: Deutsche Bank Securities' 2012 Global Financial Services Investor Conference
Deutsche Bank Securities' 2012 Global Financial Services Investor Conference Andy Cecere Vice Chairman and CFO May 21, 2012
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-l
Slide 3: 1Q12 Dimensions
1Q12 Dimensions * As of May 11, 2012 Momentum Continues U.S. Bancorp Businesses Asset Size $341 billion Deposits $234 billion Loans $212 billion Customers 17.4 million NYSE Traded USB Market Capitalization* $61 billion Founded 1863 Bank Branches 3,080 ATMs 5,061
Slide 4: Revenue Mix By Business Line
2011 full year, taxable-equivalent basis Excluding securities gains (losses) net Revenue Mix By Business Line Fee Income / Total Revenue Diversification Momentum Continues Consumer and Small Business Banking 44% Payment Services 28% Wealth Mgmt and Securities Services 8% Wholesale Banking and Commer
Slide 5: Performance Metrics
Source: company reports Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI, USB and WFC Performance Metrics Momentum Continues USB Rank #1 USB Rank #1 USB Rank #1
Slide 6: Revenue Growth
* Gain on merchant processing agreement settlement $ in millions, taxable-equivalent basis Prior 5 Quarters Year-Over-Year Growth 4.6% 3.8% 4.5% 8.1% 9.1% Prior 5 Years Year-Over-Year Growth 2.3% 4.4% 13.6% 8.9% 5.3% Revenue Growth Momentum Continues USB Record Revenue 2011
Slide 7: Loan and Deposit Growth
$ in billions 6% 12% 2% 4% 5% 17% 6% 12% 14% 18% 1% 7% 7% 20% 5% 11% 13% 5% 21% 15% Loans Deposits Prior 5 Quarters Average Balances Year-Over-Year Growth Prior 5 Years Ending Balances Year-Over-Year Growth Loan and Deposit Growth Momentum Continues
Slide 8: Credit Quality
Change in Net Charge-offs Change in Nonperforming Assets* NCO $ Change (Left Scale) NCO % Change (Right Scale) NPA $ Change (Left Scale) NPA % Change (Right Scale) -11% -2% -14% -6% -10% -7% -8% -7% 35% 30% 27% 26% 18% 25% 7% 12% 2% -5% -7% -5% -6% -7% -6% -6% -15% 34% 22% 33% 31% 23% 37% 5% 12% 2%
Slide 9: Capital Position
$ in billions TARP Equity Tier 1 Capital Tier 1 Capital Ratio Tier 1 Common Ratio 1Q12 Tier 1 Common Ratio Basel III: 8.4% Capital Position Momentum Continues
Slide 10: 2012 Stress Test
2012 Stress Test PPNR = Pre-Provision Net Revenue Source: Federal Reserve, Supervisory Stress Scenario, March 13, 2012 Momentum Continues The company's Stress Test results confirmed, once again, the fundamental strength of U.S. Bancorp's business model and capital position, even when viewed under a
Slide 11: Capital Actions
Capital Actions Momentum Continues Dividend increase and share repurchase authorization announced March 13th Annual dividend raised from $0.50 to $0.78, a 56% increase One year share repurchase authorization of 100 million shares Dividends Share Repurchases 20 - 40% Targets: 30 - 40% 30 - 40% 34% 1Q
Slide 12: Momentum continues
Momentum continues y y y Allof us serving your usbancorp.
Slide 13: Appendix
Appendix (Sbancorp.
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures Appendix
Slide 15: Deutsche Bank Securities' 2012 Global Financial Services Investor Conference
Deutsche Bank Securities' 2012 Global Financial Services Investor Conference