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U.S. Bancorp

LSE:0LHY
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0LHY
LSE
$82B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The last earnings update was 3 days ago. More info.


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0LHY Share Price and Events
7 Day Returns
0%
LSE:0LHY
1%
GB Banks
0.6%
GB Market
1 Year Returns
-2.2%
LSE:0LHY
-8.7%
GB Banks
1.1%
GB Market
0LHY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
U.S. Bancorp (0LHY) 0% -4.7% - -2.2% - -
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0LHY outperformed the Banks industry which returned -8.7% over the past year.
  • 0LHY underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0LHY
Industry
5yr Volatility vs Market

0LHY Value

 Is U.S. Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of U.S. Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for U.S. Bancorp.

LSE:0LHY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 16 analysts.
= Stable Book Value * Return on Equity
= $31.31 * 14.5%
$4.54
Book Value of Equity per Share Weighted future Book Value estimates from 15 analysts. $31.31
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0LHY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (68.48%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.942 * 5.96%)
6.84%

Discounted Cash Flow Calculation for LSE:0LHY using Excess Returns Model Model

The calculations below outline how an intrinsic value for U.S. Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0LHY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.5% – 6.84%) * $31.31)
$2.40
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.40 / (6.84% - 1.23%)
$42.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.31 + $42.76
$74.07
LSE:0LHY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0LHY represents 0.96876x of NYSE:USB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96876x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 74.07 x 0.96876
$71.75
Value per share (USD) From above. $71.75
Current discount Discount to share price of $49.61
= -1 x ($49.61 - $71.75) / $71.75
30.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price U.S. Bancorp is available for.
Intrinsic value
31%
Share price is $49.61 vs Future cash flow value of $71.75
Current Discount Checks
For U.S. Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • U.S. Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • U.S. Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for U.S. Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are U.S. Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0LHY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.19
NYSE:USB Share Price ** NYSE (2019-04-12) in USD $51.21
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of U.S. Bancorp.

LSE:0LHY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:USB Share Price ÷ EPS (both in USD)

= 51.21 ÷ 4.19

12.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Bancorp is overvalued based on earnings compared to the GB Banks industry average.
  • U.S. Bancorp is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does U.S. Bancorp's expected growth come at a high price?
Raw Data
LSE:0LHY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
1.2%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0LHY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.21x ÷ 1.2%

10.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on U.S. Bancorp's assets?
Raw Data
LSE:0LHY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $28.81
NYSE:USB Share Price * NYSE (2019-04-12) in USD $51.21
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0LHY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:USB Share Price ÷ Book Value per Share (both in USD)

= 51.21 ÷ 28.81

1.78x

* Primary Listing of U.S. Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Bancorp is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess U.S. Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. U.S. Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0LHY Future Performance

 How is U.S. Bancorp expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is U.S. Bancorp expected to grow at an attractive rate?
  • U.S. Bancorp's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • U.S. Bancorp's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • U.S. Bancorp's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0LHY Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0LHY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 1.2%
LSE:0LHY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 4%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0LHY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0LHY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 24,102 6,855 1
2020-12-31 23,764 6,976 13
2019-12-31 22,978 6,807 12
LSE:0LHY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 20,887 6,800
2018-12-31 20,813 10,564 6,784
2018-09-30 20,695 7,745 6,618
2018-06-30 20,489 6,382 6,371
2018-03-31 20,246 4,716 6,123
2017-12-31 19,883 6,472 5,913
2017-09-30 19,725 8,739 5,693
2017-06-30 19,576 7,431 5,642
2017-03-31 19,602 7,265 5,647
2016-12-31 19,211 5,336 5,589
2016-09-30 19,145 5,769 5,602
2016-06-30 18,950 8,069 5,590

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • U.S. Bancorp's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • U.S. Bancorp's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0LHY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from U.S. Bancorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0LHY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.66 4.90 4.50 4.00
2020-12-31 4.56 4.85 4.40 22.00
2019-12-31 4.30 4.36 4.24 21.00
LSE:0LHY Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.19
2018-12-31 4.15
2018-09-30 4.02
2018-06-30 3.85
2018-03-31 3.67
2017-12-31 3.53
2017-09-30 3.37
2017-06-30 3.32
2017-03-31 3.31
2016-12-31 3.25
2016-09-30 3.24
2016-06-30 3.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • U.S. Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess U.S. Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
U.S. Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0LHY Past Performance

  How has U.S. Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare U.S. Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • U.S. Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • U.S. Bancorp's 1-year earnings growth exceeds its 5-year average (11.1% vs 3.8%)
  • U.S. Bancorp's earnings growth has not exceeded the GB Banks industry average in the past year (11.1% vs 42.2%).
Earnings and Revenue History
U.S. Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from U.S. Bancorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0LHY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 20,887.00 6,800.00 10,663.00
2018-12-31 20,813.00 6,784.00 10,594.00
2018-09-30 20,695.00 6,618.00 10,725.00
2018-06-30 20,489.00 6,371.00 10,570.00
2018-03-31 20,246.00 6,123.00 10,402.00
2017-12-31 19,883.00 5,913.00 10,086.00
2017-09-30 19,725.00 5,693.00 9,798.00
2017-06-30 19,576.00 5,642.00 9,738.00
2017-03-31 19,602.00 5,647.00 9,661.00
2016-12-31 19,211.00 5,589.00 9,333.00
2016-09-30 19,145.00 5,602.00 9,336.00
2016-06-30 18,950.00 5,590.00 9,199.00
2016-03-31 18,586.00 5,572.00 9,036.00
2015-12-31 18,524.00 5,608.00 8,938.00
2015-09-30 18,474.00 5,624.00 8,893.00
2015-06-30 18,260.00 5,607.00 8,730.00
2015-03-31 18,351.00 5,617.00 8,617.00
2014-12-31 18,197.00 5,583.00 8,538.00
2014-09-30 17,895.00 5,552.00 8,456.00
2014-06-30 17,776.00 5,547.00 8,420.00
2014-03-31 17,472.00 5,525.00 8,398.00
2013-12-31 17,401.00 5,552.00 8,356.00
2013-09-30 17,158.00 5,512.00 8,337.00
2013-06-30 17,415.00 5,516.00 8,349.00
2013-03-31 17,656.00 5,456.00 8,290.00
2012-12-31 17,659.00 5,383.00 8,225.00
2012-09-30 17,715.00 5,348.00 8,139.00
2012-06-30 17,155.00 5,181.00 7,995.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • U.S. Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • U.S. Bancorp used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if U.S. Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess U.S. Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
U.S. Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0LHY Health

 How is U.S. Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of U.S. Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from U.S. Bancorp Company Filings, last reported 2 weeks ago.

LSE:0LHY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 52,686.00 56,076.00 18,115.00
2018-12-31 51,657.00 56,328.00 19,421.00
2018-09-30 51,007.00 65,831.00 21,057.00
2018-06-30 50,257.00 56,319.00 20,024.00
2018-03-31 49,812.00 51,828.00 20,555.00
2017-12-31 49,666.00 50,147.00 18,235.00
2017-09-30 49,351.00 51,538.00 22,220.00
2017-06-30 48,949.00 53,288.00 30,473.00
2017-03-31 48,433.00 49,372.00 22,015.00
2016-12-31 47,933.00 48,960.00 14,691.00
2016-09-30 48,399.00 56,041.00 26,603.00
2016-06-30 48,029.00 58,109.00 17,420.00
2016-03-31 47,393.00 60,666.00 13,526.00
2015-12-31 46,817.00 61,057.00 10,387.00
2015-09-30 45,767.00 60,796.00 12,248.00
2015-06-30 45,231.00 62,889.00 19,308.00
2015-03-31 44,965.00 64,643.00 15,760.00
2014-12-31 44,168.00 63,025.00 9,852.00
2014-09-30 43,829.00 61,458.00 7,007.00
2014-06-30 43,386.00 55,486.00 13,571.00
2014-03-31 42,743.00 54,980.00 8,222.00
2013-12-31 41,807.00 48,182.00 7,482.00
2013-09-30 41,552.00 45,400.00 12,588.00
2013-06-30 41,050.00 46,841.00 8,079.00
2013-03-31 40,847.00 53,032.00 8,173.00
2012-12-31 40,267.00 52,452.00 7,940.00
2012-09-30 39,825.00 55,070.00 11,204.00
2012-06-30 38,874.00 61,017.00 17,023.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • U.S. Bancorp has an acceptable proportion of non-loan assets held.
  • U.S. Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at U.S. Bancorp are broadly funded by customer deposits.
  • U.S. Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • U.S. Bancorp has a sufficient allowance for bad loans.
  • U.S. Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess U.S. Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. U.S. Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0LHY Dividends

 What is U.S. Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.89%
Current annual income from U.S. Bancorp dividends. Estimated to be 3.28% next year.
If you bought $2,000 of U.S. Bancorp shares you are expected to receive $58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • U.S. Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • U.S. Bancorp's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0LHY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0LHY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.87 5.00
2020-12-31 1.74 21.00
2019-12-31 1.57 22.00
LSE:0LHY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-19 1.480 2.991
2018-12-18 1.480 2.987
2018-09-18 1.480 2.815
2018-08-02 1.480 2.755
2018-07-18 1.480 2.845
2018-06-19 1.200 2.366
2018-03-19 1.200 2.361
2017-12-19 1.200 2.178
2017-09-19 1.200 2.234
2017-06-20 1.120 2.152
2017-03-21 1.120 2.170
2016-12-19 1.120 2.105
2016-09-19 1.120 2.432
2016-06-15 1.020 2.427
2016-03-15 1.020 2.449
2015-12-15 1.020 2.530
2015-09-15 1.020 2.407
2015-06-16 1.020 2.328
2015-03-03 0.980 2.240
2014-12-09 0.980 2.231
2014-09-16 0.980 2.311
2014-06-17 0.980 2.313
2014-05-07 0.980 2.346
2014-04-16 0.980 2.422
2014-03-12 0.920 2.184
2013-12-10 0.920 2.272
2013-09-17 0.920 2.436
2013-06-18 0.920 2.500
2013-03-14 0.780 2.291
2012-12-11 0.780 2.348
2012-09-18 0.780 2.353
2012-06-19 0.780 2.365
2012-03-13 0.780 2.499
2011-12-13 0.500 1.766
2011-09-20 0.500 2.016
2011-06-22 0.500 2.101
2011-03-18 0.500 1.966
2010-12-14 0.200 0.738
2010-09-21 0.200 0.842
2010-06-15 0.200 0.875
2010-03-16 0.200 0.782
2009-12-08 0.200 0.835
2009-09-15 0.200 0.862
2009-06-16 0.200 1.013
2009-04-21 0.200 1.079

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of U.S. Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess U.S. Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can U.S. Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. U.S. Bancorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0LHY Management

 What is the CEO of U.S. Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Cecere
COMPENSATION $13,437,128
AGE 57
TENURE AS CEO 2 years
CEO Bio

Mr. Andrew Cecere, also known as Andy, has been the Chief Executive Officer and President of U.S. Bancorp and U.S. Bank National Association since April 18, 2017 and January 19, 2016. Mr. Cecere served as Chief Operating Officer at U.S. Bancorp and U.S. Bank National Association from January 2015 to April 18, 2017. He served as the Vice Chairman of U.S. Bancorp and US Bank NA since February 27, 2007 until January 19, 2016. He served as the Chief Financial Officer and Chairman at U.S. Bancorp Asset Management, Inc. Mr. Cecere has been the Chief Financial Officer and Vice Chairman of US BanCorp. (DE) at U.S. BanCorp. Equipment Finance, Inc. since February 27, 2007. He has been the Chief Operating Officer of U.S. Bank since January 20, 2015. He served as Chief Financial Officer of U.S. Bancorp from February 27, 2007 to January 2015. Prior to this, he served as a Senior Vice President of Finance at U.S. Bank from 1992 to February 27, 2007. From February 2001 to February 2007, he was responsible for Wealth Management & Securities Services. has over 30 years of experience with U.S. Bancorp, including serving as Vice Chairman of Wealth Management and leading key banking, trust, insurance, and advisory businesses. He served as the Vice Chairman of Asset Management at US BanCorp. from November 2001 to February 27, 2007 and also served as its Vice Chairman of Private Client and Trust from February 2001 to February 27, 2007. He has been with US Bank since 1985. He served as the Vice Chairman of U.S. Bank with responsibility for Commercial Services from 1999 to 2001. From 1985 to 2001, Mr. Cecere held various senior financial executive positions at US BanCorp. and its predecessors, including Chief Financial Officer from May 2000 to February 2001 and Vice Chairman for corporate trust and leasing business lines and manager of treasury management, international banking and government banking functions from 1999 to 2000. He has been Director of US BanCorp. since February 2007. He has been an Independent Director of Donaldson Company, Inc. since September 27, 2013. He has been a Director of U.S. Bank National Association and U.S. Bancorp since January 16, 2017. He serves as a Director of DeCare Dental, LLC. Mr. Cecere serves as a Director of the Greater Twin Cities United Way, Capital City Partnership, DeCare International and Delta Dental of Minnesota. He serves on the board of overseers of the Carlson School of Management at the University of Minnesota. He has been the Chairman of U.S. Bancorp. since 2018. He served as a Director of Fair Isaac Corp. from April 2004 to January 2007. Mr. Cecere holds an MBA in finance from the University of Minnesota and a Bachelor's Degree from the University of St. Thomas.

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year.
  • Andy's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the U.S. Bancorp management team in years:

2.5
Average Tenure
53
Average Age
  • The tenure for the U.S. Bancorp management team is about average.
Management Team

Andy Cecere

TITLE
Chairman
COMPENSATION
$13M
AGE
57
TENURE
2 yrs

Terry Dolan

TITLE
Vice Chairman & CFO
COMPENSATION
$5M
AGE
56
TENURE
2.7 yrs

Jeffry von Gillern

TITLE
Vice Chairman of Technology & Operations Services
COMPENSATION
$4M
AGE
52

Shailesh Kotwal

TITLE
Vice Chairman of Payment Services
COMPENSATION
$3M
AGE
53
TENURE
4.1 yrs

Gunjan Kedia

TITLE
Vice Chairman of Wealth Management & Investment Services
COMPENSATION
$3M
AGE
47
TENURE
1.3 yrs

Eric Freedman

TITLE
Chief Investment Officer
TENURE
2.5 yrs

Kate Quinn

TITLE
Vice Chairman & Chief Administrative Officer
AGE
53
TENURE
2 yrs

Jen Thompson

TITLE
Executive Vice President of Investor Relations

Jim Chosy

TITLE
Executive VP & General Counsel
AGE
54
TENURE
6.1 yrs

Dana Ripley

TITLE
Chief Communications Officer - Public Affairs & Communications
Board of Directors Tenure

Average tenure and age of the U.S. Bancorp board of directors in years:

7.3
Average Tenure
63.5
Average Age
  • The tenure for the U.S. Bancorp board of directors is about average.
Board of Directors

Jeff Jones

TITLE
Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bank
AGE
56

Art Collins

TITLE
Director
COMPENSATION
$348K
AGE
70
TENURE
23.3 yrs

Andy Cecere

TITLE
Chairman
COMPENSATION
$13M
AGE
57
TENURE
1 yrs

Olivia Kirtley

TITLE
Director
COMPENSATION
$365K
AGE
67
TENURE
12.5 yrs

Roland Hernandez

TITLE
Director
COMPENSATION
$366K
AGE
60
TENURE
7.3 yrs

Scott Wine

TITLE
Director
COMPENSATION
$353K
AGE
51
TENURE
4.8 yrs

Warner Baxter

TITLE
Director
COMPENSATION
$358K
AGE
56
TENURE
3.3 yrs

David O'Maley

TITLE
Lead Director
COMPENSATION
$391K
AGE
71
TENURE
2.3 yrs

O'dell Owens

TITLE
Director
COMPENSATION
$342K
AGE
70
TENURE
28.3 yrs

Craig Schnuck

TITLE
Director
COMPENSATION
$334K
AGE
69
TENURE
17.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Nov 18 Sell David O'Maley Individual 14. Nov 18 14. Nov 18 -10,902 $53.66 $-585,001
15. Nov 18 Sell John Elmore Individual 13. Nov 18 13. Nov 18 -19,418 $53.59 $-1,040,611
26. Oct 18 Sell Jeffry von Gillern Individual 24. Oct 18 24. Oct 18 -4,000 $50.81 $-203,240
22. Oct 18 Sell Terrance Dolan Individual 18. Oct 18 18. Oct 18 -15,524 $52.91 $-821,375
15. Aug 18 Sell Jeffry von Gillern Individual 19. Jul 18 19. Jul 18 -14,229 $51.34 $-730,517
X
Management checks
We assess U.S. Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. U.S. Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0LHY News

Simply Wall St News

0LHY Company Info

Description

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, as well as credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, it provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as cash and investment management, ATM processing, mortgage banking, and brokerage and leasing services. The company offers its products and services through operating a network of 3,018 banking offices principally operating in the Midwest and West regions of the United States, as well as through online services and over mobile devices. It also operates a network of 4,681 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Details
Name: U.S. Bancorp
0LHY
Exchange: LSE
Founded: 1863
$81,884,790,000
1,599,000,000
Website: http://www.usbank.com
Address: U.S. Bancorp
800 Nicollet Mall,
Minneapolis,
Minnesota, 55402,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE USB Common Stock New York Stock Exchange US USD 02. Jan 1980
DB UB5 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0LHY Common Stock London Stock Exchange GB USD 02. Jan 1980
SNSE USB Common Stock Santiago Stock Exchange CL USD 02. Jan 1980
BMV USB * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1980
NYSE USB.PRH PFD B 1/1000DP New York Stock Exchange US USD 27. Mar 2006
NYSE USB.PRM DEP SHS PFD F New York Stock Exchange US USD 20. Jan 2012
NYSE USB.PRO PFD 1/1000 PRP H New York Stock Exchange US USD 02. May 2013
NYSE USB.PRP DEP PERP PFD K New York Stock Exchange US USD 08. Aug 2018
BOVESPA USBC34 EACH BDR REPR 1 COM USD0.01 Bolsa de Valores de Sao Paulo BR BRL 29. Dec 2014
Number of employees
Current staff
Staff numbers
74,000
U.S. Bancorp employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 22:11
End of day share price update: 2019/04/12 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.