U.S. Bancorp
Market Cap
US$83.1b
Last Updated
2020/02/23 01:03 UTC
Data Sources
Company Financials +
Executive Summary
U.S. Bancorp, a financial services holding company, provides various financial services in the United States.
Rewards
Risk Analysis
No risks detected for USB from our risk checks.
Snowflake Analysis
Flawless balance sheet established dividend payer.
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
Stable Share Price: USB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.0%
USB
-1.2%
US Banks
-1.1%
US Market
1 Year Return
6.4%
USB
10.3%
US Banks
17.9%
US Market
Return vs Industry: USB underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: USB underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| USB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -1.2% | -1.1% |
| 30 Day | 1.3% | -0.3% | 1.4% |
| 90 Day | -8.8% | -0.9% | 6.9% |
| 1 Year | 9.6%6.4% | 13.5%10.3% | 20.3%17.9% |
| 3 Year | 7.1%-1.0% | 24.0%15.1% | 47.8%38.3% |
| 5 Year | 38.8%22.3% | 73.8%54.1% | 71.9%53.0% |
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
5 days ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On U.S. Bancorp (NYSE:USB)3 weeks ago | Simply Wall St
What Kind Of Shareholders Own U.S. Bancorp (NYSE:USB)?1 month ago | Simply Wall St
Why U.S. Bancorp's (NYSE:USB) High P/E Ratio Isn't Necessarily A Bad ThingValuation
Is U.S. Bancorp undervalued compared to its fair value and its price relative to the market?
26.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: USB ($54.55) is trading below our estimate of fair value ($74.56)
Significantly Below Fair Value: USB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: USB is poor value based on its PE Ratio (13.1x) compared to the Banks industry average (12.6x).
PE vs Market: USB is good value based on its PE Ratio (13.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: USB is poor value based on its PEG Ratio (27.2x)
Price to Book Ratio
PB vs Industry: USB is overvalued based on its PB Ratio (1.8x) 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?
0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: USB's forecast earnings growth (0.5% per year) is below the savings rate (1.7%).
Earnings vs Market: USB's earnings (0.5% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: USB's earnings are forecast to grow, but not significantly.
Revenue vs Market: USB's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: USB's revenue (5.6% 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 (15.6%).
Next Steps
Past Performance
How has U.S. Bancorp performed over the past 5 years?
5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: USB has high quality earnings.
Growing Profit Margin: USB's current net profit margins (31.1%) are lower than last year (32.6%).
Past Earnings Growth Analysis
Earnings Trend: USB's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: USB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: USB had negative earnings growth (-3%) over the past year, making it difficult to compare to the Banks industry average (12.2%).
Return on Equity
High ROE: USB's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
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 0.5x 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 (0.23%)
Next Steps
Dividend
What is U.S. Bancorp's current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: USB's dividend (3.08%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: USB's dividend (3.08%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: USB's dividends per share have been stable in the past 10 years.
Growing Dividend: USB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.9%), 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 (36.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Andy Cecere (58yo)
2.8yrs
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 ($USD10.81M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.8yrs | US$13.44m | 0.050% $41.8m | |
| Vice Chairman & CFO | 3.5yrs | US$5.14m | 0.0085% $7.0m | |
| Vice Chairman of Technology & Operations Services | 0yrs | US$3.78m | 0.0075% $6.2m | |
| Vice Chairman of Payment Services | 4.9yrs | US$3.47m | 0.0040% $3.3m | |
| Vice Chairman of Wealth Management & Investment Services | 2.1yrs | US$3.45m | 0.0020% $1.6m | |
| Chief Investment Officer | 3.3yrs | no data | no data | |
| Vice Chairman & Chief Administrative Officer | 2.8yrs | no data | 0.0056% $4.7m | |
| Executive Vice President of Investor Relations | 0yrs | no data | no data | |
| Executive VP & General Counsel | 6.9yrs | no data | 0.0063% $5.2m | |
| Chief Communications Officer - Public Affairs & Communications | 0yrs | no data | no data |
3.3yrs
Average Tenure
54yo
Average Age
Experienced Management: USB's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.8yrs | US$13.44m | 0.050% $41.8m | |
| Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bank | 0yrs | no data | no data | |
| Independent Director | 24.1yrs | US$347.66k | no data | |
| Independent Director | 13.3yrs | US$364.83k | 0.00069% $573.1k | |
| Lead Director | 3.1yrs | US$391.16k | 0.012% $9.9m | |
| Independent Director | 29.1yrs | US$342.50k | no data | |
| Independent Director | 8.1yrs | US$365.83k | no data | |
| Independent Director | 18.1yrs | US$334.50k | no data | |
| Independent Director | 2.3yrs | US$339.00k | no data | |
| Independent Director | 5.6yrs | US$353.00k | 0.000030% $24.9k |
8.1yrs
Average Tenure
64.5yo
Average Age
Experienced Board: USB's board of directors are considered experienced (8.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: USB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$83.052b
- Shares outstanding: 1.52b
- 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 | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| USB * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1980 |
| UB5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
| UB5 | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1980 |
| USB | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Jan 1980 |
| 0LHY | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1980 |
| UB5 | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | 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(USD) | 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 | |
| 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, 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 01:03 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.