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
Website
CEO
Andrew Cecere
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
FIRST BANK SYSTEM INC
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
5 Mar 24
DEFA14A
Additional proxy soliciting materials
5 Mar 24
DEF 14A
Definitive proxy
5 Mar 24
ARS
2023 FY
Annual report to shareholders
5 Mar 24
8-K
Regulation FD Disclosure
21 Feb 24
10-K
2023 FY
Annual report
20 Feb 24
424B2
Prospectus for primary offering
19 Jan 24
424B2
Prospectus for primary offering
19 Jan 24
FWP
Free writing prospectus
18 Jan 24
FWP
Free writing prospectus
18 Jan 24
Transcripts
USB
Earnings call transcript
2023 Q4
17 Jan 24
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
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 12.46 bn | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 51.90 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 24.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
57.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1410 |
Opened positions | 189 |
Closed positions | 313 |
Increased positions | 420 |
Reduced positions | 632 |
13F shares | Current |
---|---|
Total value | 36.47 tn |
Total shares | 897.22 mm |
Total puts | 3.10 mm |
Total calls | 2.08 mm |
Total put/call ratio | 1.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 134.87 mm | $5.84 tn |
JPM JPMorgan Chase & Co. | 69.79 mm | $3.02 tn |
MUFG Bank | 68.37 mm | $2.96 tn |
STT State Street | 66.10 mm | $2.89 tn |
FMR | 47.22 mm | $2.04 tn |
Charles Schwab Investment Management | 33.72 mm | $1.46 tn |
T. Rowe Price | 20.27 mm | $877.30 mm |
NTRS Northern Trust | 18.71 mm | $809.98 bn |
BK Bank Of New York Mellon | 16.39 mm | $709.33 bn |
Davis Selected Advisers | 15.29 mm | $661.59 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Mar 24 | Elcio R.T. Barcelos | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 42.7 | 13,756 | 587.38 k | 72,599 |
5 Mar 24 | James L Chosy | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 42.7 | 14,823 | 632.94 k | 197,127 |
5 Mar 24 | Venkatachari Dilip | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 42.7 | 3,285 | 140.27 k | 65,993 |
5 Mar 24 | Andrew Cecere | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 42.7 | 76,448 | 3.26 mm | 1,230,316 |
5 Mar 24 | Jodi L Richard | Common Stock, $0.01 par value | Payment of exercise | Dispose F | No | No | 42.7 | 18,083 | 772.14 k | 154,790 |
News
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21 Mar 24
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20 Mar 24
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19 Mar 24
Press releases
U.S. Bancorp Announces First Quarter Earnings Conference Call Details
27 Mar 24
U.S. Bancorp announces quarterly dividends
12 Mar 24
U.S. Bank Named One of the 2024 World's Most Ethical Companies
4 Mar 24
U.S. Bancorp to speak at the RBC Capital Markets Global Financial Institutions Conference
27 Feb 24
U.S. Bank Adds New Division to Serve Private Capital Asset Managers
22 Feb 24