U.S. Bancorp
Market Cap
US$88.9b
Last Updated
2019/10/23 23:46 UTC
Data Sources
Company Financials +
Executive Summary
U.S. Bancorp, a financial services holding company, provides various financial services in the United States.
Snowflake
Fundamentals
Flawless balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has U.S. Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.7%
USB
2.9%
US Banks
0.07%
US Market
1 Year Return
12.5%
USB
8.6%
US Banks
8.9%
US Market
Return vs Industry: USB exceeded the US Banks industry which returned 8.6% over the past year.
Return vs Market: USB exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| USB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 2.9% | 0.07% |
| 30 Day | 1.6% | 3.4% | -0.3% |
| 90 Day | 0.03% | 2.1% | -1.6% |
| 1 Year | 16.0%12.5% | 11.8%8.6% | 11.3%8.9% |
| 3 Year | 38.1%27.9% | 54.8%44.1% | 46.3%36.8% |
| 5 Year | 53.3%35.2% | 70.2%51.6% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is U.S. Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Would U.S. Bancorp (NYSE:USB) Be Valuable To Income Investors?4 months ago | Simply Wall St
Have Insiders Been Selling U.S. Bancorp (NYSE:USB) Shares?4 months ago | Simply Wall St
Should You Investigate U.S. Bancorp (NYSE:USB) At US$52.21?Valuation
Is U.S. Bancorp undervalued compared to its fair value and its price relative to the market?
14.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: USB ($56.58) is trading below our estimate of fair value ($66.34)
Significantly Below Fair Value: USB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: USB is poor value based on its PE Ratio (13x) compared to the Banks industry average (12.6x).
PE vs Market: USB is good value based on its PE Ratio (13x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: USB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: USB is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is U.S. Bancorp forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
-1.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: USB's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: USB's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: USB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: USB's revenue (1.8% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: USB's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: USB's Return on Equity is forecast to be low in 3 years time (14.4%).
Next Steps
Past Performance
How has U.S. Bancorp performed over the past 5 years?
4.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: USB's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: USB's earnings growth over the past year (5%) exceeds its 5-year average (4.9% per year).
Earnings vs Industry: USB earnings growth over the past year (5%) underperformed the Banks industry 29.7%.
Return on Equity
High ROE: USB's Return on Equity (13.5%) is considered low.
Return on Assets
ROA vs Industry: USB has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate USB's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is U.S. Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: USB has a low level of unsold assets or inventory.
Debt Coverage by Assets: USB's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: USB's level of assets compared to its equity is low.
Allowance for Bad Loans: USB has a sufficient allowance for bad loans.
Low Risk Liabilities: USB's liabilities are made up of primarily low risk sources of funding.
Loan Level: USB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: USB's loans are broadly funded by customer deposits.
Level of Bad Loans: USB has an appropriate level of bad loans (0.28%)
Next Steps
Dividend
What is U.S. Bancorp's current dividend yield, its reliability and sustainability?
2.97%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: USB's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: USB's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: USB's dividend payments have been volatile in the past 10 years.
Growing Dividend: USB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), USB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: USB's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).
Next Steps
Management
What is the CEO of U.S. Bancorp's salary, the management and board of directors tenure and is there insider trading?
3.0yrs
Average management tenure
CEO
Andy Cecere (58yo)
2.5yrs
Tenure
US$13,437,128
Compensation
Mr. Andrew Cecere, also known as Andy, has been the Chief Executive Officer and President of U.S. Bancorp and U.S. Bank National Association since April 18, 2017 and January 19, 2016. Mr. Cecere served as ...
CEO Compensation Analysis
Compensation vs. Market: Andy's total compensation ($USD13.44M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: USB's management team is considered experienced (3 years average tenure).
Board Age and Tenure
7.8yrs
Average Tenure
64.5yo
Average Age
Experienced Board: USB's board of directors are considered experienced (7.8 years average tenure).
Insider Trading
Insider Buying: USB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Operating Officer Vice Chairman of Technology & Operations Services |
| Shares | 5,357 |
| Max Price | US$56.67 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 10,133 |
| Max Price | US$55.76 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman of Payment Services |
| Shares | 20,000 |
| Max Price | US$57.33 |
| Entity | Individual |
| Role | Chief Operating Officer Vice Chairman of Technology & Operations Services |
| Shares | 9,428 |
| Max Price | US$55.25 |
| Entity | Individual |
| Shares | 9,944 |
| Max Price | US$52.00 |
| Entity | Individual |
| Role | Chief Operating Officer Vice Chairman of Technology & Operations Services |
| Shares | 4,669 |
| Max Price | US$53.14 |
| Entity | Individual |
| Shares | 12,564 |
| Max Price | US$51.53 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | US$50.61 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 10,902 |
| Max Price | US$53.66 |
| Entity | Individual |
| Shares | 19,418 |
| Max Price | US$53.59 |
Ownership Breakdown
Management Team
Andy Cecere (58yo)
Chairman
- Tenure: 2.5yrs
- Compensation: US$13.44m
Terry Dolan (57yo)
Vice Chairman & CFO
- Tenure: 3.2yrs
- Compensation: US$5.14m
Jim Chosy (55yo)
Executive VP & General Counsel
- Tenure: 6.6yrs
Gunjan Kedia (48yo)
Vice Chairman of Wealth Management & Investment Services
- Tenure: 1.8yrs
- Compensation: US$3.45m
Shailesh Kotwal (54yo)
Vice Chairman of Payment Services
- Tenure: 4.6yrs
- Compensation: US$3.47m
Jen Thompson
Executive Vice President of Investor Relations
- Tenure: 0yrs
Eric Freedman
Chief Investment Officer
- Tenure: 3yrs
Jeffry von Gillern (53yo)
Vice Chairman of Technology & Operations Services
- Tenure: 0yrs
- Compensation: US$3.78m
Kate Quinn (54yo)
Vice Chairman & Chief Administrative Officer
- Tenure: 2.5yrs
Dana Ripley
Chief Communications Officer - Public Affairs & Communications
- Tenure: 0yrs
Board Members
Art Collins (71yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$347.66k
Andy Cecere (58yo)
Chairman
- Tenure: 2.5yrs
- Compensation: US$13.44m
Olivia Kirtley (68yo)
Independent Director
- Tenure: 13yrs
- Compensation: US$364.83k
David O'Maley (72yo)
Lead Director
- Tenure: 2.8yrs
- Compensation: US$391.16k
Jeff Jones (57yo)
Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bank
- Tenure: 0yrs
O'dell Owens (71yo)
Independent Director
- Tenure: 28.8yrs
- Compensation: US$342.50k
Roland Hernandez (61yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$365.83k
Craig Schnuck (70yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$334.50k
Rick McKenney (50yo)
Independent Director
- Tenure: 2yrs
- Compensation: US$339.00k
Scott Wine (52yo)
Independent Director
- Tenure: 5.3yrs
- Compensation: US$353.00k
Company Information
U.S. Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: U.S. Bancorp
- Ticker: USB
- Exchange: NYSE
- Founded: 1863
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$88.887b
- Shares outstanding: 1.57b
- Website: https://www.usbank.com
Number of Employees
Location
- U.S. Bancorp
- 800 Nicollet Mall
- Minneapolis
- Minnesota
- 55402
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| USB | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Jan 1980 |
| USB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| 0LHY | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1980 |
| UB5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
| USB * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1980 |
| USBC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1980 |
| USB.PRH | NYSE (New York Stock Exchange) | PFD B 1/1000DP | US | USD | Mar 2006 | |
| USB | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REPR 1 COM USD0.01 | AR | ARS | Dec 2007 | |
| USB.PRM | NYSE (New York Stock Exchange) | DEP SHS PFD F | US | USD | Jan 2012 | |
| USB.PRO | NYSE (New York Stock Exchange) | PFD 1/1000 PRP H | US | USD | May 2013 | |
| USBC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | EACH BDR REPR 1 COM USD0.01 | BR | BRL | Dec 2014 | |
| UB5B | BST (Boerse-Stuttgart) | 5.3%-FRN PERP USD 'J' | DE | USD | Feb 2017 | |
| USB.PRP | NYSE (New York Stock Exchange) | DEP PERP PFD K | US | USD | Aug 2018 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:46 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.