Company

U.S. Bancorp

Headquarters: Minneapolis, MN, United States

Founded: July 13, 1863

Employees: 68,796

CEO: Mr. Andrew J. Cecere

show_chart NYSE: USB

Market Cap

$80.16 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Tracing its origins to 1863, U.S. Bancorp is a bank holding company headquartered in Minneapolis, Minnesota, and incorporated in Delaware, with more than 72,000 employees. It is the parent company of U.S. Bank National Association, more simply referred to as U.S. Bank, which provides banking, investment, mortgage, trust, and payment services through more than 3,000 branches and 4,800 ATMs primarily located in the Midwestern United States. U.S. Bancorp also owns Elavon, a processor of credit card transactions.

U.S. Bancorp market capitalization over time

Evolution of U.S. Bancorp market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of U.S. Bancorp

Detailed Description

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and 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 and governmental entity 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 investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. As of December 31, 2021, the company provided its products and services through a network of 2,230 banking offices principally operating in the Midwest and West regions of the United States, as well as through on-line services, over mobile devices, and other distribution channels; and operated a network of 4,059 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Wikipedia Introduction

U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S. U.S. Bancorp operates under the second-oldest continuous national charter, originally Charter #24, granted in 1863 following the passage of the National Bank Act. Earlier charters have expired as banks were closed or acquired, raising U.S. Bank's charter number from #24 to #2. The oldest national charter, originally granted to the First National Bank of Philadelphia, is held by Wells Fargo, which was obtained upon its merger with Wachovia.

Source: Wikipedia, retrieved on March 31, 2022, 9:06 p.m.

Stocks & Indices

U.S. Bancorp has the following listings and related stock indices.


Stock: NYSE: USB

Stock: FSX: UB5

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Product & Services

Consumer Banking, Corporate Banking, Insurance, Investment Banking, Mortgage loans, Private Banking, Private Equity, Wealth Management, Credit Cards, Financial Analysis

Key People

Andrew Cecere (Chairman, President and CEO)

Financials

Revenue: US$22.72 billion (2021)

Net income: US$7.96 billion (2021)


Total assets: US$573.28 billion (2021)

Total equity: US$55.39 billion (2021)

Details

Headquarters:

800 Nicollet Mall

Minneapolis, MN 55402

United States

Phone: 651-466-3000