U.S. Bancorp Management

Management criteria checks 2/4

U.S. Bancorp's CEO is Andy Cecere, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $22.92M, comprised of 5.9% salary and 94.1% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth $51.02M. The average tenure of the management team and the board of directors is 4.6 years and 6.5 years respectively.

Key information

Andy Cecere

Chief executive officer

US$22.9m

Total compensation

CEO salary percentage	5.9%
CEO tenure	8.3yrs
CEO ownership	0.08%
Management average tenure	4.6yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Cecere's remuneration changed compared to U.S. Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	US$23m	US$1m	US$5b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$16m	US$1m	US$6b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$7b
Dec 31 2021	US$19m	US$1m	US$8b
Sep 30 2021	n/a	n/a	US$7b
Jun 30 2021	n/a	n/a	US$7b
Mar 31 2021	n/a	n/a	US$6b
Dec 31 2020	US$17m	US$1m	US$5b
Sep 30 2020	n/a	n/a	US$5b
Jun 30 2020	n/a	n/a	US$5b
Mar 31 2020	n/a	n/a	US$6b
Dec 31 2019	US$19m	US$1m	US$7b
Sep 30 2019	n/a	n/a	US$7b
Jun 30 2019	n/a	n/a	US$7b
Mar 31 2019	n/a	n/a	US$7b
Dec 31 2018	US$13m	US$1m	US$7b
Sep 30 2018	n/a	n/a	US$7b
Jun 30 2018	n/a	n/a	US$6b
Mar 31 2018	n/a	n/a	US$6b
Dec 31 2017	US$12m	US$942k	US$6b

Compensation vs Market: Andy's total compensation ($USD22.92M) is above average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Andy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Andy Cecere (62 yo)

8.3yrs

Tenure

US$22,916,957

Compensation

Mr. Andrew J. 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 respectively.Mr. C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman	8.3yrs	US$22.92m	0.080% $ 51.0m
John Stern	Senior Executive VP & CFO	less than a year	US$2.90m	0.0046% $ 2.9m
Terrance Dolan	Chief Administration Officer & Vice Chair	less than a year	US$8.58m	0.014% $ 8.9m
Shailesh Kotwal	Vice Chairman of Payment Services	9.1yrs	US$5.41m	0.011% $ 7.0m
Gunjan Kedia	Vice Chairman of Wealth	less than a year	US$5.75m	0.014% $ 8.9m
Timothy Welsh	Vice Chairman of Consumer & Business Banking	6.8yrs	US$5.54m	0.0061% $ 3.9m
Souheil Badran	Senior EVP & COO	1.3yrs	no data	0.0015% $ 939.0k
Jennifer Thompson	EVP, Head of Corporate Finance and Director of Investor Relations & Economic Analysis	no data	no data	no data
Dilip Venkatachari	Senior EVP and Chief Information & Technology Officer	5.6yrs	no data	0.0042% $ 2.7m
James Chosy	Senior EVP & General Counsel	11.1yrs	no data	0.013% $ 8.2m
David Palombi	Global Chief Communications Officer - Public Affairs & Communications	no data	no data	no data
Elcio R. Barcelos	Senior EVP & Chief Human Resources Officer	3.6yrs	no data	0.0020% $ 1.3m

4.6yrs

Average Tenure

58yo

Average Age

Experienced Management: 0LHY's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman	7.3yrs	US$22.92m	0.080% $ 51.0m
Jeffrey Jones	Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bank	no data	no data	no data
John Wiehoff	Independent Director	4.3yrs	US$330.02k	0% $ 0
Warner Baxter	Independent Director	8.3yrs	US$322.52k	0% $ 0
Roland Hernandez	Lead Independent Director	12.3yrs	US$332.52k	0% $ 0
Dorothy Bridges	Independent Director	5.5yrs	US$321.02k	0% $ 0
Richard McKenney	Independent Director	6.5yrs	US$303.52k	0.0013% $ 817.6k
Kimberly Harris	Independent Director	9.5yrs	US$306.02k	0% $ 0
Elizabeth Buse	Independent Director	5.8yrs	US$337.52k	0% $ 0
Yusuf Mehdi	Independent Director	5.8yrs	US$314.52k	0% $ 0
Scott Wine	Independent Director	9.8yrs	US$306.02k	0.0020% $ 1.3m
Kimberly Ellison-Taylor	Independent Director	3.3yrs	US$302.52k	0% $ 0

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: 0LHY's board of directors are considered experienced (6.5 years average tenure).

U.S. Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

U.S. Bancorp Appoints Bill Mulvihill as Head for Loan Capital Markets

U.S. Bancorp, Annual General Meeting, Apr 16, 2024

Key Executive recently sold US$1.0m worth of stock

U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office

U.S. Bank Appoints Kai Sakstrup as Chief Product Officer for Its Wealth, Corporate, Commercial and Institutional Banking Division, Effective October 1, 2023

U.S. Bancorp Appoints Joe Persichetti as Head of Healthcare Business Banking

Recent updates

First quarter 2024 earnings released: EPS: US$0.85 (vs US$1.04 in 1Q 2023)

U.S. Bancorp to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.49 per share

Fourth quarter dividend of US$0.49 announced

U.S. Bancorp Declares Regular Quarterly Dividend, Payable on April 15, 2024

U.S. Bancorp Appoints Bill Mulvihill as Head for Loan Capital Markets

U.S. Bancorp, Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: US$3.27 (vs US$3.69 in FY 2022)

Full year 2023 earnings released: EPS: US$3.52 (vs US$3.69 in FY 2022)

Upcoming dividend of US$0.49 per share at 4.6% yield

Key Executive recently sold US$1.0m worth of stock

U.S. Bancorp Declares Regular Quarterly Dividend, Payable on January 16, 2024

Third quarter 2023 earnings released: EPS: US$0.91 (vs US$1.16 in 3Q 2022)

U.S. Bancorp Provides Earnings Guidance for the Fourth Quarter 2023

U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office

U.S. Bancorp to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.48 per share at 5.6% yield

U.S. Bank Appoints Kai Sakstrup as Chief Product Officer for Its Wealth, Corporate, Commercial and Institutional Banking Division, Effective October 1, 2023

U.S. Bancorp Appoints Joe Persichetti as Head of Healthcare Business Banking

U.S. Bancorp Announces Quarterly Dividend, Payable on October 16, 2023

U.S. Bancorp Appoints Shruti Patel as Chief Product Officer

U.S. Bancorp Announces Chief Financial Officer Changes, Effective September 1, 2023

Vice Chair & CFO recently sold US$1.0m worth of stock

U.S. Bancorp announced that it expects to receive $936 million in funding from Mitsubishi UFJ Financial Group, Inc.

U.S. Bancorp announced that it expects to receive $936 million in funding from Mitsubishi UFJ Financial Group, Inc.

U.S. Bancorp Announces Total Net Charge-Offs for the Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.89 (vs US$0.98 in 2Q 2022)

U.S. Bancorp Names Evamarie Schoenborn as CEO of Wealth Management Units

U.S. Bancorp to Report Q2, 2023 Results on Jul 19, 2023

U.S. Bank Unveils Travelbank-Powered Commercial Rewards Card

Upcoming dividend of US$0.48 per share at 5.7% yield

U.S. Bancorp Declares Regular Quarterly Dividend on Common Share, Payable July 17, 2023

Independent Director recently bought US$607k worth of stock

U.S. Bank Names Beth Ann Bovino as Chief Economist

U.S. Bank Names Beth Ann Bovino as Chief Economist

Independent Director recently bought US$1m worth of stock

Insider recently bought US$341k worth of stock

First quarter 2023 earnings released: EPS: US$1.04 (vs US$0.99 in 1Q 2022)

Upcoming dividend of US$0.48 per share at 5.5% yield

Investor sentiment deteriorates as stock falls 21%

Full year 2022 earnings released: EPS: US$3.69 (vs US$5.11 in FY 2021)

U.S. Bank Launches Business Altitude Connect World Elite Mastercard

HomeStreet Bank acquired Three Legacy MUFG Union Bank Branches in San Bernardino County, California from MUFG Union Bank, National Association and U.S. Bancorp (NYSE:USB).

Full year 2022 earnings released: EPS: US$3.69 (vs US$5.11 in FY 2021)

Alan B. Colberg Joins U.S. Bancorp Board of Directors

U.S. Bank Appoints Guillaume Mascotto as Head of Sustainable Finance

U.S. Bancorp to Report Q4, 2022 Results on Jan 25, 2023

Upcoming dividend of US$0.48 per share

U.S. Bank Appoints Sekou Kaalund as New Head of Branch Banking

U.S. Bancorp Announces Quarterly Dividend, Payable on January 17, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age