U.S. Bancorp (NYSE: USB)
Banks - Diversified · Minneapolis, MN, United States · Founded 1863
- Market capitalization: $70.0 billion
- Annual revenue: $28.66 billion
- Net income: $7.57 billion
- Employees: 77,000
- Sector: Financial Services
- Headquarters: Minneapolis, United States
- Founded: 1863
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US Bancorp is the parent company of US Bank, the fifth-largest commercial bank in the US with over 70,000 employees and 2,200+ branches across 26 states. The bank is known for its payments business (Elavon merchant processing), corporate trust services, and conservative risk management. US Bancorp has historically been one of the most efficient large banks, with industry-leading return on equity.
Net interest income, payment services revenue (Elavon merchant processing, corporate payments), trust and investment management fees, and treasury management. The payments business differentiates US Bancorp from peers u2014 Elavon is one of the largest merchant acquirers in the US and Europe. The bank's efficiency ratio is consistently among the best in the industry. Annual revenue exceeds $24 billion.
US Bancorp traces back to 1863. The current company was formed from the 2001 merger of Firstar Corporation and the original US Bancorp. The $8 billion MUFG Union Bank acquisition in 2022 expanded the bank into California. US Bancorp has been one of the most consistent performers in banking, rarely making headlines u2014 which is exactly how management likes it.
| Market Capitalization | $70.0B |
| Annual Revenue | $28.66B |
| Net Income | $7.57B |
| Profit Margin | 26% |
| Revenue per Employee | $372208K |
| Stock Exchange | NYSE |
| Ticker Symbol | USB |
Financial data is approximate and based on most recent annual filings.
US Bancorp's efficiency ratio (expenses as a percentage of revenue) is consistently the best among large US banks. The bank processes more electronic payments than most people realize u2014 Elavon handles billions of transactions annually. US Bancorp was one of the few large banks that didn't need a government bailout during the 2008 crisis. The bank's headquarters in Minneapolis features a 57-story tower.
US Bancorp is the quiet overachiever of US banking u2014 best-in-class efficiency and a strong payments franchise, though the Union Bank integration has been a temporary drag on returns.
What is U.S. Bancorp's revenue?
U.S. Bancorp generates approximately $28.66 billion in annual revenue.
How many employees does U.S. Bancorp have?
U.S. Bancorp employs approximately 77,000 people worldwide.
What is U.S. Bancorp's market cap?
U.S. Bancorp (USB) has a market capitalization of approximately $70.0 billion on the NYSE.
When was U.S. Bancorp founded?
U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, MN, United States.
Who is the CEO of U.S. Bancorp?
Andy Cecere is the current CEO of U.S. Bancorp.
What is U.S. Bancorp's website?
U.S. Bancorp's official website is usbank.com.
| CEO | Andy Cecere |
| Sector | Financial Services |
| Industry | Banks - Diversified |
| Founded | 1863 |
| HQ | Minneapolis, MN |
| Country | United States |
| Website | usbank.com |
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