Announcement • Apr 02
U.S. Bancorp to Report Q1, 2026 Results on Apr 16, 2026 U.S. Bancorp announced that they will report Q1, 2026 results Pre-Market on Apr 16, 2026 Announcement • Mar 27
U.S. Bancorp Announces Appointment of Toby Clements as Senior Executive Vice President and Chief Operations Officer, Effective April 13, 2026 U.S. Bancorp announced that Toby Clements will become its new senior executive vice president and chief operations officer. In this role, Clements will oversee the company’s client service centers and global operations teams, leading more than 16,000 employees. He will report directly to U.S. Bancorp Chief Executive Officer Gunjan Kedia effective April 13, 2026. Clements will join the company’s managing committee and succeed Souheil Badran, who announced his retirement from the company earlier this year. Clements came to U.S. Bank in 2017, serving as an executive officer in the European operations. For the past year, he led the organization’s client service centers. Prior to joining the company, Clements worked in executive roles at PTSB in Dublin and Tesco Bank in Edinburgh. He also has experience in consulting and strategy at Navigant and Barclays in London. He holds a bachelor of laws degree from University of Southampton and a global master of business administration degree from INSEAD. Announcement • Mar 25
U.S. Bank Announces Continued Product Enhancements for Its Avvance Point-Of-Sale Lending Platform U.S. Bank announced continued product enhancements for its Avvance point-of-sale lending platform with new longer-term loan options designed for larger home improvement projects. The new loan options – including six- and seven-year terms – are designed to support financing needs for higher-cost home improvement projects. These extended terms provide homeowners with greater payment flexibility while helping contractors and service providers improve affordability and conversion at the point of sale. In addition to product enhancements, Avvance is also growing its network of integrated partners – recently signing Skeps, a multi-lender orchestration platform that enables merchants to optimize financing outcomes by matching customers with the most appropriate offers across multiple lenders. The addition of Avvance to Skeps collection of lending partners, puts Avvance in the hands of more merchants who want to provide flexible financing at the point of need and within their customer checkout and decision-making workflows. When using Avvance, integrated partners can embed bank-built lending directly into their platforms through flexible APIs and integration options. As Avvance expands its partner ecosystem and loan term offerings, it continues to help merchants deliver simple, scalable financing that improves access and affordability at the point of purchase. Avvance supports point-of-sale financing across multiple segments—including home improvement, audiology, elective healthcare, and other large-ticket categories—so partners can offer trusted financing wherever customers are making important purchasing decisions. This latest partner integration and product enhancement builds on Avvance’s continued expansion of its embedded financing network, reinforcing U.S. Bank’s focus on delivering practical, API-driven lending solutions that integrate directly into partner platforms and merchant workflows. Announcement • Mar 17
U.S. Bancorp Announces Appointment of Alan Flanagan as Head of Global Investment Services U.S. Bancorp announced that veteran securities executive Alan Flanagan has joined the bank as head of Global Investment Services, a division comprising Global Fund Services and Global Corporate Trust. In this role, Flanagan will lead a global team that combines industry-leading expertise with superior client service to offer customized product solutions for alternative investments, mutual funds, exchange-traded products, collateralized loan obligations (CLOs), structured finance, and corporate, escrow and municipal trust services. Flanagan will be a member of the senior leadership team for U.S. Bank’s Wealth, Corporate, Commercial and Institutional Banking business line and will be based in New York. Flanagan spent nearly two decades at BNY, where he held senior leadership roles across asset servicing, fund services and alternative investments, leading global businesses and driving sustainable growth. Most recently, he served as global head of client coverage for BNY’s asset servicing division, overseeing relationship management for the firm. Prior to BNY, Alan held roles at UBS, CIBC and KPMG, giving him broad experience across business development, operations and financial services. Flanagan is a fellow of the Institute of Chartered Accountants, Ireland and holds a chartered director in corporate governance and corporate strategy from the Institute of Directors, UK. Announcement • Mar 12
U.S. Bancorp, Annual General Meeting, Apr 21, 2026 U.S. Bancorp, Annual General Meeting, Apr 21, 2026. Announcement • Mar 11
U.S. Bancorp Declares Quarterly Dividends, Payable on April 15, 2026 The Board of Directors of U.S. Bancorp has declared a regular quarterly dividend of $0.52 per common share, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026. At this quarterly dividend rate, the annual dividend is equivalent to $2.08 per common share. Announcement • Mar 10
U.S. Bancorp Appoints Ryan K. Nelson as President of Emerging Affluent Wealth Management U.S. Bancorp announced that Ryan K. Nelson is the new President of Emerging Affluent Wealth Management. In this newly created role, Nelson will spearhead the strategy for beginning investors for Wealth Management and will lead teams focused on bringing integrated offerings and digital experiences to beginning investors, with a goal of providing investing tools for anyone who may need them. Nelson has 30 years of financial services experience, and most recently served as U.S. Bank’s East Regional Executive for Private Wealth Management. Prior to working at U.S. Bank, Nelson worked with Zions Bank, where he was region president; and also held roles at JPMorgan Chase, Wells Fargo, and Fidelity. Announcement • Feb 04
U.S. Bancorp Appoints Raj Gazula as Chief Administrative Officer U.S. Bancorp announced that Raj Gazula has also joined the bank to lead strategy and serve as the Chief Administrative Officer for PMI. Gazula brings nearly 30 years of experience to the role, with deep payments and strategy experience. He led Wholesale Payments at Truist including treasury solutions, merchant acquiring and commercial cards. Prior to that, he led the strategy and transformation work for the Corporate and Institutional Group when Sun Trust integrated with BB&T. Gazula is based in Atlanta. Both Geronimo and Gazula will report to Mark Runkel, vice chair and head of PMI at U.S. Bank. Announcement • Jan 30
U.S. Bancorp Announces Souheil Badran to Retire as Senior Executive Vice President and Chief Operations Officer U.S. Bancorp announced on January 29, 2026 that Souheil Badran, its senior executive vice president and chief operations officer, will retire from the bank this spring. Badran joined the organization in late 2022, bringing diverse experience across the payments, software and wealth management industries. He provided an active and influential voice during his tenure at U.S. Bancorp, shaping the current strategy of the company’s operations organization and leading efforts to bring automation, artificial intelligence and efficiency to its contact centers and related functions. The company has a robust succession planning program in place and will activate and implement that as Badran prepares for his retirement. He intends to assist with the leadership transition to accommodate a disciplined process. Announcement • Jan 28
U.S. Bancorp Announces Board Changes, Effective from April 21, 2026 On January 27, 2026, Andrew Cecere, Chairman of the Board of Directors (the “Board”) of U.S. Bancorp (the “Company”), informed the Board that he does not intend to stand for re-election to the Company’s Board following expiration of his current term at the Company’s 2026 Annual Meeting of Shareholders. Mr. Cecere’s decision not to stand for re-election was for personal reasons following his dedicated service to the Company for 40 years and not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Cecere’s retirement culminates a career of more than 40 years in financial services. Gunjan Kedia, the Company’s Chief Executive Officer and President and a member of the Board, has been elected by the Board to serve as Chairman, in addition to her current responsibilities, effective upon Mr. Cecere’s retirement from the Board on April 21, 2026. Kedia, 55, joined U.S. Bancorp in 2016 and was named CEO in April 2025, after serving as president and previously leading the company’s Wealth, Corporate, Commercial and Institutional Banking business. She has more than 30 years of financial services experience, working in global executive positions at State Street Financial and BNY, as well has holding leadership roles at McKinsey and Company and PwC. She holds a master’s degree in business administration with distinction from Carnegie Mellon University and a bachelor’s degree in engineering, also with distinction, from the Delhi School of Engineering. She sits on the board of directors for PBS, American Red Cross and Carnegie Mellon Business School. Announcement • Jan 13
U.S. Bancorp (NYSE:USB) entered into a definitive agreement to acquire BTIG, LLC from Condor Trading LP for $1 billion. U.S. Bancorp (NYSE:USB) entered into a definitive agreement to acquire BTIG, LLC from Condor Trading LP for $1 billion on January 12, 2026. The consideration consists of payment of $725 million ($362.5 million of cash and 6,600,594 shares of common stock) to be paid at closing and additional $275 million of cash consideration payable over three years, subject to achievement of defined performance targets.
Following the transaction, the BTIG leadership team will join U.S. Bancorp and continue to lead the business going forward. LeRoy – a key architect of BTIG’s expansion since joining the firm in 2008 – will remain CEO of BTIG, reporting to Stephen Philipson, Vice Chair and Head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp. BTIG Co-Founder and Executive Chairman Steven Starker will continue his current day-to-day role of engaging and interacting with BTIG’s largest institutional and corporate clients and driving business development across all department.
The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals and satisfaction of applicable closing conditions.
Goldman Sachs & Co. LLC and Sheumack & Co. GMA, LLC acted as financial advisor for BTIG, LLC. Rachael G. Coffey, Christopher M. Gandia, Peter Martelli, Jimin He and Christian O. Nagler of Kirkland & Ellis LLP acted as legal advisor for BTIG, LLC. Sullivan & Cromwell LLP acted as legal advisor for U.S. Bancorp. Announcement • Jan 06
U.S. Bancorp to Report Q4, 2025 Results on Jan 20, 2026 U.S. Bancorp announced that they will report Q4, 2025 results Pre-Market on Jan 20, 2026 Announcement • Dec 10
U.S. Bancorp Declares Quarterly Dividends, Payable on January 15, 2026 The Board of Directors of U.S. Bancorp has declared a regular quarterly dividend of $0.52 per common share, payable January 15, 2026, to stockholders of record at the close of business on December 31, 2025. At this quarterly dividend rate, the annual dividend is equivalent to $2.08 per common share. 
