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 7.67 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 $59.01M. The average tenure of the management team and the board of directors is 5.3 years and 7.2 years respectively.

Key information

Andy Cecere

Chief executive officer

US$22.9m

Total compensation

CEO salary percentage	5.9%
CEO tenure	7.7yrs
CEO ownership	0.08%
Management average tenure	5.3yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

U.S. Bancorp Series A Preferred Stock: A Hidden Treasure With Appealing Capital Appreciation Potential

Nov 26

U.S. Bancorp: I'm Buying This Undervalued Stock That Just Raised Its Dividend

Oct 14

U.S. Bancorp: Share Repurchase Plan, Dovish Fed Give Compelling Arguments To Buy

Sep 20

U.S. Bancorp: Excessive Premium To Tangible Equity, Growing Loan Loss Risks, And Precarious Deposits

Mar 15

Aristotle Capital - U.S. Bancorp: An Attractive Return Profile At Discount To Intrinsic Value

Mar 02

U.S. Bancorp: Two Ways To Earn Good Income

Jan 29

U.S. Bancorp: Buy The Dip Opportunity (Technical Analysis)

Jan 22

U.S. Bancorp Remains A Good Income Play

Jan 09

U.S. Bancorp: A Great Time To Exit

Dec 19

U.S. Bancorp: Balance Sheet Flexibility Creates Opportunity

Nov 29

U.S. Bancorp Q3: Growing CRE Headwinds (Rating Downgrade)

Oct 25

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 ($USD22.92M) is above average for companies of similar size in the US market ($USD12.88M).

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)

7.7yrs

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	7.7yrs	US$22.92m	0.080% $ 59.0m
Gunjan Kedia	President	less than a year	US$5.75m	0.015% $ 11.0m
John Stern	Senior Executive VP & CFO	1.3yrs	US$2.90m	0.0045% $ 3.4m
Terrance Dolan	Chief Administration Officer & Vice Chair	1.3yrs	US$8.58m	0.014% $ 10.3m
Shailesh Kotwal	Vice Chairman of Payment Services	9.8yrs	US$5.41m	0.0087% $ 6.4m
Souheil Badran	Senior EVP & COO	2yrs	no data	0.0025% $ 1.9m
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	6.3yrs	no data	0.0042% $ 3.1m
James Chosy	Senior EVP & General Counsel	11.8yrs	no data	0.013% $ 9.4m
David Palombi	Global Chief Communications Officer - Public Affairs & Communications	no data	no data	no data
Elcio R. Barcelos	Senior EVP & Chief Human Resources Officer	4.3yrs	no data	0.0020% $ 1.5m
Erica Opstad	Senior Vice President	19.8yrs	no data	no data

5.3yrs

Average Tenure

59yo

Average Age

Experienced Management: USB's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Cecere	Chairman & CEO	7.9yrs	US$22.92m	0.080% $ 59.0m
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	4.9yrs	US$330.02k	0% $ 0
Warner Baxter	Independent Director	9yrs	US$322.52k	0% $ 0
Roland Hernandez	Lead Independent Director	12.9yrs	US$332.52k	0% $ 0
Dorothy Bridges	Independent Director	6.2yrs	US$321.02k	0% $ 0
Richard McKenney	Independent Director	7.2yrs	US$303.52k	0.0013% $ 946.7k
Kimberly Harris	Independent Director	10.2yrs	US$306.02k	0% $ 0
Elizabeth Buse	Independent Director	6.5yrs	US$337.52k	0% $ 0
Yusuf Mehdi	Independent Director	6.5yrs	US$314.52k	0% $ 0
Scott Wine	Independent Director	10.4yrs	US$306.02k	0.0020% $ 1.5m
Kimberly Ellison-Taylor	Independent Director	3.9yrs	US$302.52k	0% $ 0

7.2yrs

Average Tenure

62yo

Average Age

Experienced Board: USB's board of directors are considered experienced (7.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 06:46
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

U.S. Bancorp is covered by 63 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Christopher Wheeler	Atlantic Equities LLP
David George	Baird

U.S. Bancorp Management

Management criteria checks 2/4

Key information

Recent management updates

U.S. Bancorp Appoints Kristy Carstensen as Head of U.S. Bank Global Treasury Management

U.S. Bancorp Appoints Kristy Carstensen as Leader of U.S. Bank Global Treasury Management

U.S. Bancorp Announces Management Changes

Vice Chairman of Payment Services recently sold US$1.7m worth of stock

Vice Chairman of Payment Services notifies of intention to sell stock

Aleem Gillani Joins U.S. Bancorp Board of Directors

Recent updates

U.S. Bancorp Announces Regular Quarterly Dividend, Payable on January 15, 2025

U.S. Bancorp Appoints Kristy Carstensen as Head of U.S. Bank Global Treasury Management

U.S. Bancorp Series A Preferred Stock: A Hidden Treasure With Appealing Capital Appreciation Potential

U.S. Bancorp Appoints Kristy Carstensen as Leader of U.S. Bank Global Treasury Management

U.S. Bancorp Announces Management Changes

U.S. Bancorp Announces Structural Changes for Payments Business

Vice Chairman of Payment Services recently sold US$1.7m worth of stock

Vice Chairman of Payment Services notifies of intention to sell stock

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

U.S. Bancorp: I'm Buying This Undervalued Stock That Just Raised Its Dividend

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

U.S. Bancorp: Share Repurchase Plan, Dovish Fed Give Compelling Arguments To Buy

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

U.S. Bancorp: Get Out Before The Fed Pivot

Second quarter 2024 earnings: EPS exceeds analyst expectations

Aleem Gillani Joins U.S. Bancorp Board of Directors

U.S. Bancorp Stock: Multiple Red Flags Make Me Downgrade To Hold

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 Series A Preferred: A Good Source Of Income

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

U.S. Bancorp Appoints Gunjan Kedia as President

First quarter 2024 earnings: Revenues and EPS in line with analyst expectations

U.S. Bancorp: Headwinds Persist

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

U.S. Bancorp Stock: An Attractive Income Pick Ahead Of Q1 2024 Earnings

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: Excessive Premium To Tangible Equity, Growing Loan Loss Risks, And Precarious Deposits

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

Aristotle Capital - U.S. Bancorp: An Attractive Return Profile At Discount To Intrinsic Value

Full year 2023 earnings: EPS misses analyst expectations

Chairman notifies of intention to sell stock

Insider notifies of intention to sell stock

U.S. Bancorp: Two Ways To Earn Good Income

U.S. Bancorp: Buy The Dip Opportunity (Technical Analysis)

Full year 2023 earnings: EPS misses analyst expectations

Price target increased by 7.0% to US$48.32

U.S. Bancorp Remains A Good Income Play

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

U.S. Bancorp: A Great Time To Exit

Key Executive recently sold US$1.0m worth of stock

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

U.S. Bancorp: Balance Sheet Flexibility Creates Opportunity

U.S. Bancorp Q3: Growing CRE Headwinds (Rating Downgrade)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources