U.s. Bancorp · NYSE:USB
U.s. Bancorp — BancAnalysts Association of Boston Conference 2021
17 slides from U.s. Bancorp's conference presentation, Nov 5, 2021
Slide 1: BancAnalysts Association of Boston Conference 2021
BancAnalysts Association of Boston Conference 2021 Terry Dolan Vice Chair and Chief Financial Officer Dominic Venturo Senior Executive Vice President and Chief Digital Officer November 5, 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 2,252 Assets $567B Founded 1863 ATMs 4,083 Deposits $443B Market Value $90B Loans $298B Regional National International Consumer & Business Banking Corporate & Commercial Banking Payment Services and and Wealth Management and Wealth Management & Investment Servi
Slide 4: Our Position Among Our Peers
Our Position Among Our Peers Assets Deposits Market Value 1 J.P. Morgan $3,758 1 J.P. Morgan $2,402 1 J.P. Morgan $508 2 Bank of America 3,085 2 Bank of America 1,965 2 Bank of America 391 3 Wells Fargo 1,955 3 Wells Fargo 1,470 3 Wells Fargo 204 4 U.S. Bancorp 567 4 PNC 449 4 PNC 90 5 PNC 554 5 U.S
Slide 5: Our differentiated business mix supports consistent growth
Our differentiated business mix supports consistent growth Consumer & Payment Business Banking Services 40% 28% Corporate & Wealth Management Commercial Banking & Investment Services 18% 14% Consumer & Business Banking Corporate & Commercial Banking Payment Services Wealth Management & Investment Se
Slide 6: U.S. Bank's Digital Objective
U.S. Bank’s Digital Objective A focus on digital provides… Excellent customer Increased experiences efficiencies that result in… through… Incremental Growth Reusable Platforms Increased Loyalty and DIY Tools Retention Stronger Engagement Smart Assistant through DIY & DIT U.S. BANCORP U.S BANCORP | |
Slide 7: Approaching digital above and below the glass
Approaching digital above and below the glass New Revenue Opportunities DIY, DIT and digital sales Smart and personalized interactions ABOVE BELOW Drive to Increase Efficiencies Create amazing speed and scale Reusable technology Customer 360 Activate full Agile development in Build with reusable ass
Slide 8: Digital provides best in class customer experience
Digital provides best in class customer experience An above the glass digital approach can drive incremental growth #1 #1 USB’s Digital Sales YoY Growth** Banking App Mobile Check Deposit Keynova Group* Cornerstone Advisors Named Best in Industry Business Checking Digital Mortgage Tools Kiplinger To
Slide 9: The shift towards digital is driving engagement
The shift towards digital is driving engagement As digital active customers More transactions now occur digitally With customer preference migrating to continue to increase our mobile platform Digital Active Customers Mobile Transactions Transactions (% of Total) (% of Total Active Customers)* 76% 8
Slide 10: Increased efficiency from our digital innovation
Increased efficiency from our digital innovation Below the glass quality, speed and reusability has created a sound foundation DIY and DIT for all Smart Assistant Leveraging reusable Transform and segments reducing back-office platforms and empower our people work interfaces Reengineer and simplify,
Slide 11: Deploying our digital strengths for RTP solutions
Deploying all our digital strengths for RTP solutions Our modern tech tools and APIs create seamless platforms that allow for easy integration to customers and fintechs Initiatives We have the knowledge and experience necessary to support our customers in their journey to take • Shifting volumes fro
Slide 12: Using digital to help small businesses manage their operations
Using digital to help small businesses manage their operations Bank Services Bento helps small talech helps small businesses Business businesses take charge of tackle accounts receivable and Card Issuing Banking Accounts Accounts accounts payable and operational tasks Receivable Payable expense mana
Slide 13: Powering up partnerships with digital
Powering up partnerships with digital U.S. Bank’s digital capabilities coupled with State Farm’s network is helping us reach new markets and acquire new customers New State Farm Deposit Accounts* Market Breakdown Customer Breakdown 30% 45% 55% 70% State Farm agent locations Out of Footprint In Footp
Slide 14: Deploying our digital capabilities to Union Bank
Deploying our digital capabilities to Union Bank Our strong digital foundation will help serve… … Union Bank’s large, loyal client base Best in Class Consumer Accounts 1 million Application Co-Browse DIY Services APIs Paperless Business Banking Clients DIT Services USB Smart Assistant 190,000 Digita
Slide 15: Our world-class digital capabilities allow us to be well positioned
Our world-class digital capabilities allow us to be well positioned to deliver superior growth and industry- leading returns on equity U.S. BANCORP | 15
Slide 16: Appendix
Appendix U.S. BANCORP | 16
Slide 17: Non-GAAP financial measures
Non-GAAP financial measures ($ in millions) Net Revenue Line of Business Financial Performance 3Q YTD Corporate and Commercial Banking $ 2,958 Consumer and Business Banking 6,521 Wealth Management and Investment Services 2,359 Payment Services 4,485 Treasury and Corporate Support 820 Total Company 1
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