U.S. Bancorp Management

Management criteria checks 2/4

U.S. Bancorp's CEO is Andy Cecere, appointed in Apr 2017, has a tenure of 7.58 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 MX$1.34B. The average tenure of the management team and the board of directors is 5.2 years and 7.1 years respectively.

Key information

Andy Cecere

Chief executive officer

US$22.9m

Total compensation

CEO salary percentage	5.9%
CEO tenure	7.6yrs
CEO ownership	0.08%
Management average tenure	5.2yrs
Board average tenure	7.1yrs

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
Sep 30 2024	n/a	n/a	US$5b
Jun 30 2024	n/a	n/a	US$5b
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 ($USD22.92M) is above average for companies of similar size in the MX market ($USD5.75M).

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 (63 yo)

7.6yrs

Tenure

US$22,916,957

Compensation

Mr. Andrew J. Cecere, also known as Andy, has been the Chief Executive Officer of U.S. Bancorp and U.S. Bank National Association since April 18, 2017 and January 19, 2016 respectively and served as their...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman & CEO	7.6yrs	US$22.92m	0.080% MX$ 1.3b
Gunjan Kedia	President and Vice Chairman of Wealth	less than a year	US$5.75m	0.015% MX$ 249.0m
John Stern	Senior Executive VP & CFO	1.2yrs	US$2.90m	0.0045% MX$ 76.1m
Terrance Dolan	Chief Administration Officer & Vice Chair	1.2yrs	US$8.58m	0.014% MX$ 233.5m
Shailesh Kotwal	Vice Chairman of Payment Services	9.7yrs	US$5.41m	0.0087% MX$ 146.2m
Souheil Badran	Senior EVP & COO	1.9yrs	no data	0.0015% MX$ 24.7m
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	6.2yrs	no data	0.0042% MX$ 70.9m
James Chosy	Senior EVP & General Counsel	11.7yrs	no data	0.013% MX$ 213.8m
David Palombi	Global Chief Communications Officer - Public Affairs & Communications	no data	no data	no data
Elcio R. Barcelos	Senior EVP & Chief Human Resources Officer	4.2yrs	no data	0.0020% MX$ 33.5m
Erica Opstad	Senior Vice President	19.8yrs	no data	no data

5.2yrs

Average Tenure

59yo

Average Age

Experienced Management: USB *'s management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman & CEO	7.8yrs	US$22.92m	0.080% MX$ 1.3b
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	4.8yrs	US$330.02k	0% MX$ 0
Warner Baxter	Independent Director	8.9yrs	US$322.52k	0% MX$ 0
Roland Hernandez	Lead Independent Director	12.8yrs	US$332.52k	0% MX$ 0
Dorothy Bridges	Independent Director	6.1yrs	US$321.02k	0% MX$ 0
Richard McKenney	Independent Director	7.1yrs	US$303.52k	0.0013% MX$ 21.5m
Kimberly Harris	Independent Director	10.1yrs	US$306.02k	0% MX$ 0
Elizabeth Buse	Independent Director	6.4yrs	US$337.52k	0% MX$ 0
Yusuf Mehdi	Independent Director	6.4yrs	US$314.52k	0% MX$ 0
Scott Wine	Independent Director	10.3yrs	US$306.02k	0.0020% MX$ 33.2m
Kimberly Ellison-Taylor	Independent Director	3.8yrs	US$302.52k	0% MX$ 0

7.1yrs

Average Tenure

62yo

Average Age

Experienced Board: USB *'s board of directors are considered experienced (7.1 years average tenure).

U.S. Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

Vice Chairman of Payment Services recently sold Mex$35m worth of stock

Insider recently bought Mex$8.0m worth of stock

Aleem Gillani Joins U.S. Bancorp Board of Directors

U.S. Bancorp Announces Executive Changes

U.S. Bancorp Announces New Leaders for its WCIB business

U.S. Bancorp Appoints Gunjan Kedia as President

Recent updates

U.S. Bancorp Announces Structural Changes for Payments Business

U.S. Bancorp Announces Structural Changes for Payments Business

Vice Chairman of Payment Services recently sold Mex$35m worth of stock

Third quarter 2024 earnings released: EPS: US$1.10 (vs US$0.91 in 3Q 2023)

U.S. Bancorp to Report Q3, 2024 Results on Oct 16, 2024

Second quarter dividend of US$0.50 announced

U.S. Bancorp (NYSE:USB) announces an Equity Buyback for $5,000 million worth of its shares.

U.S. Bank Unveils Two New U.S. Bank Smartly Products

Insider recently bought Mex$8.0m worth of stock

Second quarter 2024 earnings released: EPS: US$0.97 (vs US$0.84 in 2Q 2023)

Aleem Gillani Joins U.S. Bancorp Board of Directors

U.S. Bancorp Plans to Increase Quarterly Common Stock Dividend for the Fourth Quarter of 2024

U.S. Bancorp Announces Executive Changes

U.S. Bancorp to Report Q2, 2024 Results on Jul 17, 2024

First quarter dividend of US$0.49 announced

U.S. Bancorp Announces Quarterly Dividend, Payable on July 15, 2024

U.S. Bancorp Announces New Leaders for its WCIB business

U.S. Bancorp Appoints Gunjan Kedia as President

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

Now 23% overvalued

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)

Insider recently sold Mex$8.4m worth of stock

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

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

Insider recently sold Mex$7.0m worth of stock

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 17%

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

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 Mex$18m 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.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age