U.S. Bancorp. (USB)

Company Profile

we believe in putting people first, and our dedication to making ethical decisions and doing the right thing is at the heart of what we do. we're proud to be named by ethisphere as a 2017 world's most ethical company. we work to meet our customers’ business and personal banking needs with competitive products and services, convenient access to their accounts, and proven stability backed by industry-leading financial metrics. with more than 4,800 atms, 3,088 branch locations, 24-hour phone support and mobile and online banking, we make it easy for our customers to manage their money any time. please note: equal housing lender. credit products are offered by u.s bank national association and subject to normal credit approval. some restrictions may apply. deposit products offered by u.s. bank national association. member fdic.

Company profile

Ticker

USB, USB+A, USB+Q, USB+R

Exchange

NYSE

Website

www.usbank.com/

CEO

Andrew Cecere

Incorporated

Delaware

Location

Minnesota

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • PNC Financial Services • Capital One Financial • Shinhan Financial • JPMorgan Chase & Co. • Regions Financial • Keycorp • Santander Holdings USA • Comerica • Huntington Bancshares ...

Former names

FIRST BANK SYSTEM INC

SEC CIK

0000036104

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

111 Tower Investors, Inc. • Banctech Processing Services, LLC • Bento Technologies, Inc. • BondResource Partners, LLC • BondResource Partners, LP • CenPOS, LLC • Daimler Title Co. • DM Liens Inc. • DSL Service Company • Eclipse Funding LLC ...

IRS number

410255900

USB stock data

1M 1Y 5Y

Latest filings (excl ownership)

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1 Nov 23

Regulation FD Disclosure

1 Nov 23

424B2

Prospectus for primary offering

20 Oct 23

FWP

Free writing prospectus

19 Oct 23

8-K

Amendments to Articles of Incorporation or Bylaws

19 Oct 23

8-K

Results of Operations and Financial Condition

Regulation FD Disclosure

13 Sep 23

8-K

U.S. Bank announces updates to recent leadership changes

4 Aug 23

Transcripts

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USB

Earnings call transcript

2023 Q3

18 Oct 23

USB

Earnings call transcript

2023 Q2

19 Jul 23

USB

Earnings call transcript

2023 Q1

19 Apr 23

USB

Earnings call transcript

2022 Q4

25 Jan 23

USB

Earnings call transcript

2022 Q3

14 Oct 22

USB

Earnings call transcript

2022 Q2

15 Jul 22

USB

Earnings call transcript

2022 Q1

14 Apr 22

USB

Earnings call transcript

2021 Q4

19 Jan 22

USB

Earnings call transcript

2021 Q3

14 Oct 21

USB

Earnings call transcript

2021 Q2

15 Jul 21

Latest ownership filings

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13F-HR

Quarterly holdings report by institutional manager

Financial summary

Financial statements Chart USB financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	64.35 bn	64.35 bn	64.35 bn	64.35 bn	64.35 bn	64.35 bn
Cash burn (monthly)	2.10 bn	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	4.50 bn	n/a	n/a	n/a	n/a	n/a
Cash remaining	59.86 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	28.6	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

USB institutional ownership history Ownership history

76.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1516	1523	-0.5%
Opened positions	134	125	+7.2%
Closed positions	141	220	-35.9%
Increased positions	597	655	-8.9%
Reduced positions	580	566	+2.5%

13F shares	Current	Prev Q	Change
Total value	39.24 tn	38.14 tn	+2.9%
Total shares	1.19 bn	1.15 bn	+3.1%
Total puts	11.48 mm	13.82 mm	-17.0%
Total calls	12.64 mm	12.16 mm	+3.9%
Total put/call ratio	0.9	1.1	-20.1%

Largest owners	Shares	Value	Change
Vanguard	136.51 mm	$4.51 tn	+5.0%
BLK Blackrock	113.59 mm	$3.76 tn	+2.6%
MUFG Bank	68.37 mm	$2.26 tn	+54.1%
STT State Street	63.79 mm	$2.14 tn	+5.5%
JPM JPMorgan Chase & Co.	61.87 mm	$2.05 tn	+15.3%
FMR	37.47 mm	$1.24 tn	+1.8%
Charles Schwab Investment Management	31.12 mm	$1.03 tn	+5.5%
Geode Capital Management	29.22 mm	$963.57 bn	+12.8%
T. Rowe Price	28.29 mm	$933.37 bn	-35.4%
BAC Bank Of America	26.43 mm	$873.69 bn	+19.8%

Largest transactions	Shares	Bought/sold	Change
MUFG Bank	68.37 mm	+24.00 mm	+54.1%
Aristotle Capital Management	23.47 mm	+17.07 mm	+266.6%
WFC Wells Fargo & Co.	9.33 mm	-15.79 mm	-62.9%
T. Rowe Price	28.29 mm	-15.49 mm	-35.4%
JPM JPMorgan Chase & Co.	61.87 mm	+8.22 mm	+15.3%
Vanguard	136.51 mm	+6.48 mm	+5.0%
BCS Barclays	8.81 mm	+4.81 mm	+120.4%
Amundi	8.49 mm	+4.60 mm	+118.4%
Fisher Asset Management	4.65 mm	+4.54 mm	+4130.4%
BAC Bank Of America	26.43 mm	+4.38 mm	+19.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

USB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Oct 23	Mark G. Runkel	Common Stock, $0.01 par value	Payment of exercise	Dispose F	No	No	30.93	2,420	74.85 k	79,468
10 Aug 23	Timothy A Welsh	Common Stock, $0.01 par value	Sell	Dispose S	No	No	39.793	13,816	549.78 k	119,058
10 Aug 23	Timothy A Welsh	Deferred Compensation Plan Participation Common Stock, $0.01 par value	Discretionary	Acquire I	No	No	39.49	2,499	98.69 k	32,205
8 Aug 23	Terrance R Dolan	Common Stock, $0.01 par value	Sell	Dispose S	No	No	39.753	26,000	1.03 mm	166,992