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 $51.03M. 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 percentage5.9%
CEO tenure8.3yrs
CEO ownership0.08%
Management average tenure4.6yrs
Board average tenure6.5yrs

Recent management updates

Recent updates

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

Apr 15

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

Finding Diamonds In The Rough: Uncovering Dividend Gems

Dec 15
Finding Diamonds In The Rough: Uncovering Dividend Gems

U.S. Bancorp: Balance Sheet Flexibility Creates Opportunity

Nov 29

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

Oct 25

U.S. Bancorp: Why The Common Is Better Than The Preferreds Despite Their Higher Yield

Oct 19

U.S. Bancorp's 6.2% Yield: A Very Attractive Buy Ahead Of Q3

Oct 06

U.S. Bancorp: High-Quality Bank, With Tempting Dividend Yield At Steep Discount

Sep 21

U.S. Bancorp (NYSE:USB) Will Pay A Dividend Of $0.48

Sep 16
U.S. Bancorp (NYSE:USB) Will Pay A Dividend Of $0.48

U.S. Bancorp: 5% Dividend Yield And A Strong Buy Opportunity

Aug 22

U.S. Bancorp Nearing Fair Value - Hold

Aug 10

U.S. Bancorp: Not Priced For A Recession Yet, Slow Recovery Likely

Jul 20

U.S. Bancorp: The Fed Just Sent Another Strong Buy Signal

Jul 06

U.S. Bancorp: Bearish Hedge Funds, Bullish Insiders, Shares Undervalued

Jun 30

U.S. Bancorp: A Surging Floating Yield With The Preferreds For 71 Cents On The Dollar

Jun 22

U.S. Bancorp: Still Severely Overvalued

May 30

CEO Compensation Analysis

How has Andy Cecere's remuneration changed compared to U.S. Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$5b

Dec 31 2023US$23mUS$1m

US$5b

Sep 30 2023n/an/a

US$5b

Jun 30 2023n/an/a

US$5b

Mar 31 2023n/an/a

US$6b

Dec 31 2022US$16mUS$1m

US$6b

Sep 30 2022n/an/a

US$6b

Jun 30 2022n/an/a

US$6b

Mar 31 2022n/an/a

US$7b

Dec 31 2021US$19mUS$1m

US$8b

Sep 30 2021n/an/a

US$7b

Jun 30 2021n/an/a

US$7b

Mar 31 2021n/an/a

US$6b

Dec 31 2020US$17mUS$1m

US$5b

Sep 30 2020n/an/a

US$5b

Jun 30 2020n/an/a

US$5b

Mar 31 2020n/an/a

US$6b

Dec 31 2019US$19mUS$1m

US$7b

Sep 30 2019n/an/a

US$7b

Jun 30 2019n/an/a

US$7b

Mar 31 2019n/an/a

US$7b

Dec 31 2018US$13mUS$1m

US$7b

Sep 30 2018n/an/a

US$7b

Jun 30 2018n/an/a

US$6b

Mar 31 2018n/an/a

US$6b

Dec 31 2017US$12mUS$942k

US$6b

Compensation vs Market: Andy's total compensation ($USD22.92M) is above average for companies of similar size in the US market ($USD13.37M).

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

NamePositionTenureCompensationOwnership
Andrew Cecere
Chairman8.3yrsUS$22.92m0.080%
$ 51.0m
John Stern
Senior Executive VP & CFOless than a yearUS$2.90m0.0046%
$ 2.9m
Terrance Dolan
Chief Administration Officer & Vice Chairless than a yearUS$8.58m0.014%
$ 8.9m
Shailesh Kotwal
Vice Chairman of Payment Services9.1yrsUS$5.41m0.011%
$ 7.0m
Gunjan Kedia
Vice Chairman of Wealthless than a yearUS$5.75m0.014%
$ 8.9m
Timothy Welsh
Vice Chairman of Consumer & Business Banking6.8yrsUS$5.54m0.0061%
$ 3.9m
Souheil Badran
Senior EVP & COO1.3yrsno data0.0015%
$ 939.2k
Jennifer Thompson
EVP, Head of Corporate Finance and Director of Investor Relations & Economic Analysisno datano datano data
Dilip Venkatachari
Senior EVP and Chief Information & Technology Officer5.6yrsno data0.0042%
$ 2.7m
James Chosy
Senior EVP & General Counsel11.1yrsno data0.013%
$ 8.2m
David Palombi
Global Chief Communications Officer - Public Affairs & Communicationsno datano datano data
Elcio R. Barcelos
Senior EVP & Chief Human Resources Officer3.6yrsno data0.0020%
$ 1.3m

4.6yrs

Average Tenure

58yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Andrew Cecere
Chairman7.3yrsUS$22.92m0.080%
$ 51.0m
Jeffrey Jones
Member of the Advisory Board & President of Corporate Payment Systems for U.S. Bankno datano datano data
John Wiehoff
Independent Director4.3yrsUS$330.02k0%
$ 0
Warner Baxter
Independent Director8.3yrsUS$322.52k0%
$ 0
Roland Hernandez
Lead Independent Director12.3yrsUS$332.52k0%
$ 0
Dorothy Bridges
Independent Director5.5yrsUS$321.02k0%
$ 0
Richard McKenney
Independent Director6.5yrsUS$303.52k0.0013%
$ 817.8k
Kimberly Harris
Independent Director9.5yrsUS$306.02k0%
$ 0
Elizabeth Buse
Independent Director5.8yrsUS$337.52k0%
$ 0
Yusuf Mehdi
Independent Director5.8yrsUS$314.52k0%
$ 0
Scott Wine
Independent Director9.8yrsUS$306.02k0.0020%
$ 1.3m
Kimberly Ellison-Taylor
Independent Director3.3yrsUS$302.52k0%
$ 0

6.5yrs

Average Tenure

61yo

Average Age

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


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