We teamed up with the Minnesota Vikings to invest $1 million over the next three years with U.S. Bank Places to Play, an effort to make Minnesota an even greater place to live, raise a family and create lifelong memories. Through the program, community-based nonprofit organizations and local schools across the state will nominate projects that need funding to be created or improved, such as parks, playgrounds or youth sports facilities. The first grants will be announced this spring in anticipation of the Vikings kicking off at their new place to play: U.S. Bank Stadium. 2015 Fourth Quarter Profile Ranking U.S. Bank is the fifth largest U.S. commercial bank Period-end assets $422 billion Period-end deposits $300 billion Period-end loans $261 billion Earnings per common share (diluted) $0.80 Return on average assets 1.41% Return on average common equity 13.7% Customers 18.5 million Bank branches 3,133 ATMs 4,936 NYSE symbol USB Year founded 1863 Fourth Quarter 2015 Performance Enhancing Minnesota’s Places to Play 1
Transcript
We teamed up with the Minnesota Vikings to invest $1 million over the next three years with U.S. Bank Places to Play, an effort to make Minnesota an even greater place to live, raise a family and create lifelong memories. Through the program, community-based nonprofit organizations and local schools across the state will nominate projects that need funding to be created or improved, such as parks, playgrounds or youth sports facilities. The first grants will be announced this spring in anticipation of the Vikings kicking off at their new place to play: U.S. Bank Stadium.
2015 Fourth Quarter Profile
Ranking U.S. Bank is the fifth largest U.S. commercial bank Period-end assets $422 billion
Period-end deposits $300 billion
Period-end loans $261 billion
Earnings per common share (diluted) $0.80
Return on average assets 1.41%
Return on average common equity 13.7%
Customers 18.5 million
Bank branches 3,133
ATMs 4,936
NYSE symbol USB
Year founded 1863
Fourth Quarter 2015 Performance
Enhancing Minnesota’s Places to Play
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ENABLING WHAT’S POSSIBLE THROUGH INNOVATION
Check out some of the new tools and apps we launched in the fourth quarter:
VantagePoint is a comprehensive online receivables management tool that integrates multiple payment types into a single portal to help clients solve many long-standing challenges associated with exception management, cash application and reporting. Developed in-house, VantagePoint is delivered via our SinglePoint treasury management platform.
U.S. Bank FlexPerks® Visa customers can now use their mobile devices to instantly redeem FlexPoints for a statement credit that offsets their recent FlexPerks Visa credit-card purchase.
ScoreBoard is an online expense-reporting tool that helps consumers make smarter decisions about their personal finances. This free app provides trending and reporting data so customers can monitor their own credit-card spending and compare their spending to general consumer trends.
We launched our first mobile payment app for general aviation. Now private and business aviation pilots can pay for fueling and services directly from their phones with MSA Pay, the first mobile payment app in the general aviation space, designed specifically for the ordering, payment and back office needs of pilots.
In October, we announced that our Board of Directors elected Warner L. Baxter, Marc N. Casper and Karen S. Lynch as new company directors. Mr. Baxter and Ms. Lynch joined the board in December, and Mr. Casper will join the Board on March 1, 2016.
“Warner, Marc and Karen’s extensive leadership experience makes them valuable additions to our Board of Directors,” said Richard Davis, our chairman and CEO.
“They each bring a unique set of strengths and expertise, from risk management, to successful operations within regulated industries, to financial reporting and accounting matters. We are delighted for Warner, Marc and Karen to be members of our Board and are looking forward to benefitting from their contributions and diverse perspectives.”
Warner L. Baxter Marc N. Casper Karen S. Lynch
New members on our Board of Directors
RECOGNITION FROM THE HUMAN RIGHTS CAMPAIGN
For the eighth year in a row, we were recognized by the Human Rights Campaign (HRC) Foundation as a Best Place to work, and this year we scored a perfect score of 100 percent in its 2016 Corporate Equality Index (CEI). The index is a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality.
“We believe in putting people first, and our dedication to making ethical decisions and doing the right thing is at the heart of what we do,” said Richard Davis, our chairman and CEO. “No two people are alike, and at this company we respect and encourage all points of view so that we provide value to employees, shareholders, customers and the community.”
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• A 2015 World’s Most Ethical Company® – Ethisphere Institute, March 2015
• #1 Most Admired Superregional Bank – Fortune, March 2015 (also in 2011, 2012,
2013, 2014)
• Most Trusted Companies for Retail Banking – Ponemon Institute, June 2015 (9 years at #1)
• Corporate Equality Index (perfect score) – Human Rights Campaign Foundation, 2015
• 2015 Military Friendly Employers – G.I. Jobs, 2015
• BCA 10: Best Businesses Partnering for the Arts – Americans for the Arts, October 2015
• Most Powerful Women in Banking – Individuals and Team – American Banker Magazine, October 2015
• A Top 25 U.S. Employee Resource Groups – Association of ERGs & Councils, August 2015
• Greenwich Annual Excellence Awards: Middle Market Commercial Banking Study – Greenwich Associates, March 2015HONORING OUR MILITARY
VETERAN AND ACTIVE DUTY EMPLOYEES
In November, we welcomed Medal of Honor recipient Clinton (“Clint”) Romesha to Minneapolis as we paused to honor our military veterans and active duty employees in recognition of Veterans Day. Our Chairman and CEO Richard Davis has hosted an annual Veterans Day call for the past seven years. The call is tied to our Proud to Serve group, which manages all the ways we support, respect and give back to the men and women of the armed services.
Last year we also:
• donated homes to wounded veterans;
• added an employee volunteer program to teach financial education and job-search skills to veterans;
• offered credit card customers a way to donate points to Honor Flight, a nonprofit organization that transports veterans to Washington, D.C., to visit their war memorials;
• began tracking partnerships with veteran-owned businesses as part of its supplier diversity program; and
• collected supplies and sent holiday cards to deployed troops.
More than 1,700 military veterans work at U.S. Bank today. We hired more than 340 veterans in 2015 through Bankers in Boots, our veteran hiring initiative.
U.S. BANK COACHES
In the fourth quarter, we launched the U.S. Bank Coaches program — a team of experts offering practical insights and advice on relevant and important financial topics. The program connects a team of industry experts to consumer issues, offering practical insight and advice on relevant topics. Coaches share knowledge and tips in their respective areas of expertise to empower consumers to get the most from their banking relationships. From finding your passion in the community to understanding how to think about the latest technology trends, our new coaches program will provide relevant insights and new ways to think about today’s trending topics.
The team and their areas of focus includes:
• Community Development: Zack Boyers, CEO, U.S. Bank Community Development Corporation;
• Community Engagement: Reba Dominski, senior vice president, U.S. Bank Foundation;
• Wealth Management: Margaret Paddock, senior vice president, The Private Client Reserve;
• Innovation: Dominic Venturo, chief innovation officer; and
• Cyber Security: Jason Witty, chief information security officer.
The program kicked off with holiday cybershopping tips from Jason Witty and ideas from Margaret Paddock about how to use the new year as a time to create a financial plan and set financial goals.
U.S. Bank stands apart
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CONSUMER + SMALL BUSINESS
BANKING
WHOLESALE BANKING +
COMMERCIAL REAL ESTATE
WEALTH MANAGEMENT +
SECURITIES SERVICES
PAYMENT SERVICES
People, potential and purpose intersect in our four powerful lines of business.
Debt ratings
Moody’s S&P* Fitch DBRS
Ratings Outlook Stable Stable Stable Stable
U.S. Bancorp Long-Term
Senior Debt A1 A+ AA AA
U.S. Bank N.A. Long-Term
Deposits Aa1 AA- AA+ AA (high)
40371 Q4/15
usbank.com
Revenue mix by business line
U.S. Bancorp Business Scope — Diversified Business and Markets
FY2015 YTD taxable-equivalent basis, excluding securities gains (losses) net
Revenue percentages exclude Treasury and Corporate Support
Source: SNL and company reports. Peer banks: BAC, BBT, FITB, JPM, KEY, PNC, RF, STI and WFC
*S&P does not provide a deposit rating, the long term issuer credit rating is shownAs of 1/22/16
Return on Average Assets
Peer 9
Peer 8
Peer 7
Peer 6
Peer 5
Peer 4
Peer 3
Peer 2
Peer 1
USB
Return on Average Common Equity
Peer 9
Peer 8
Peer 7
Peer 6
Peer 5
Peer 4
Peer 3
Peer 2
Peer 1
USB
E�ciency Ratio
Peer 9
Peer 8
Peer 7
Peer 6
Peer 5
Peer 4
Peer 3
Peer 2
Peer 1
USB
0.74
0.87
0.97
0.99
1.02
1.06
1.16
1.22
1.32
1.44
6.2
6.3
8.3
8.5
8.6
9.5
10.4
11.3
12.7
14.0
69.5
66.7
66.5
64.2
63.3
62.5
61.5
57.7
57.7
53.8
Source: company reports & FactSetAssets as of December 31, 2015; Market Value as of January 22, 2016
National
Wholesale Banking and Wealth Management & Securities Services
International
Payments and Securities Services
Regional
Consumer & Business Bankingand Wealth Management
Corporate Trust and Fund Services of�ces in London and Dublin
Wealth Management of�ces in New York City, Wilmington, Delaware, and Naples and Palm Beach, Florida
Total Assets and Market Value
4Q15
Outperforming Our Peers
2015 (In Percents)
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Assets Market ValueU.S. Rank Company $Billions
U.S. Rank Company $Billions
1 J.P. Morgan 2,352 1 Wells Fargo 2502 Bank of America 2,144 2 J.P. Morgan 2093 Wells Fargo 1,788 3 Bank of America 1414 Citigroup 1,731 4 Citigroup 1215 U.S. Bancorp 422 5 U.S. Bancorp 696 PNC 358 6 PNC 437 BB&T 210 7 BB&T 258 SunTrust 191 8 SunTrust 189 Fifth Third 141 9 Fifth Third 13
10 Regions 126 10 Regions 10
• Payment Services• Wealth Management and
Securities Services• Wholesale Banking and
Commercial Real Estate• Consumer and Small
Business Banking
41%31%
11%17%
For U.S. Bank: Deposit Products offered by U.S. Bank National Association, Member FDIC.
Credit products are offered by U.S. Bank National Association and subject to normal credit approval.
U.S. Bancorp, including each of our subsidiaries, is an Equal Opportunity Employer and a Drug-Free Workplace.
The factual information provided has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness.
U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments.
U.S. Bancorp is not affiliated with other organizations mentioned.
For U.S. Bancorp Investments:
Investment products and services are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.
Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License # OE24641.
