Us Bancorp - USB STOCK NEWS

The U.S. Bank Freight Payment Index reveals significant regional variations in truck freight activity during Q1 2025. National shipments declined 5.8% quarterly and 13.8% year-over-year, while spending decreased 2.5% quarterly and 8.6% annually. The Southwest experienced the sharpest decline with a 21.2% drop in volume, primarily due to winter storms and weak manufacturing. In contrast, the Northeast showed strength with a 3.6% increase in shipments and 4.1% growth in spending, driven by strong port activity. The West region saw modest gains, while the Midwest and Southeast faced challenges from weather events and reduced manufacturing activity. The smaller decline in carrier revenue compared to volume suggests industry capacity is tightening.

U.S. Bank (USB) has announced the consolidation of its Global Fund Services and Global Corporate Trust teams into a unified Investment Services division under the leadership of Jay Martin. The new division will provide customized services including fund administration, custody, investor servicing, trustee services, and corporate escrow to various client segments.

Martin, who joined the bank in 2023 to lead Global Fund Services, brings three decades of financial services experience from previous roles at Citco, Citi, SWIFT, and Bank of New York Mellon. The bank maintains the #1 market share in Corporate Trust markets, while its Fund Services business continues to expand with new capabilities to address client needs.

U.S. Bancorp (NYSE: USB) has announced the promotion of Adam Graves to senior executive vice president and head of enterprise strategy and administration. Graves, 47, who has served as head of strategy and corporate development since 2023, will expand his responsibilities to include corporate real estate and procurement, marketing, analytics and customer experience, public affairs and communications, and strategy and administration risk.

Previously the head of finance strategy and corporate development for five years, Graves began his career at Goldman Sachs's investment banking division. The University of Michigan alumnus will report to CEO Gunjan Kedia and join the company's managing committee, which consists of senior executives leading revenue lines and corporate functions.

U.S. Bancorp (USB) announced it will present its first quarter 2025 financial results. The company will host a conference call at 8 a.m. Central Time where President and CEO Gunjan Kedia and Senior Executive VP & CFO John Stern will review the financial results.

The earnings release, supplement, and slide presentation will be accessible at ir.usbank.com/investor-relations/financial-information. Investors can join via webcast or telephone, with US/Canada participants dialing 888-210-4659 and international callers using 646-960-0383 (Conference ID: 7269933).

U.S. Bank (USB) has unveiled its new Business Essentials product, an innovative all-in-one business checking solution that combines payment acceptance capabilities with premium banking features. The account offers zero monthly maintenance fees and includes:

• Free same-day access to card payment funds
• Unlimited digital transactions
• Complimentary mobile card reader
• Fraud prevention tools
• Integrated digital dashboard
• Accounting software integration

This launch responds to market demand, as revealed by U.S. Bank's national survey where 80% of small business owners expressed preference for bundled digital banking and payment services. The bank currently serves over 1.4 million small business clients with comprehensive banking, payments, and digital solutions.

U.S. Bank has launched a new Spend Management platform for business credit card holders, offering an all-in-one solution to monitor, track, and control card-based spending. The platform integrates directly into existing credit card services, eliminating the need for multiple tools or additional applications.

Key features include:

• Robust card controls and spending limits management
• Real-time analytics and custom reports
• Integrated accounting and automatic receipt matching
• One-click card activation/deactivation
• Employee card assignment capabilities
• Customizable spending controls by category

The platform is currently available to all U.S. Bank business credit cardholders, aiming to help businesses reduce costs, minimize manual work, and improve cash flow while maintaining existing card rewards and benefits.

Elavon, U.S. Bank's merchant services payment provider, has climbed to become the fifth-largest U.S. merchant acquirer in the 2025 Nilson Report, up from seventh position last year. The company processes over $576 billion in transactions globally per year and ranks as the fourth-largest acquirer for card-not-present purchase volume.

As the second-largest bank-owned acquirer, Elavon has secured strategic partnerships with major companies including Delta Air Lines, Virgin Atlantic, and SEPTA. The company's recent acquisition of Salucro (2024) has strengthened its healthcare sector presence. Elavon has also launched new solutions including Avvance point-of-sale lending, Elavon Payments Gateway, and talech terminal for small businesses.

U.S. Bancorp (NYSE: USB) has scheduled its first quarter 2025 earnings release and conference call for Wednesday, April 16, 2025. The financial results will be released before market opening, followed by a conference call at 8 a.m. CT.

The conference call will be hosted by President and CEO Gunjan Kedia and Senior Executive VP and CFO John Stern. Investors can access the call via webcast on the U.S. Bancorp website or by telephone. U.S. and Canada participants should dial 888-210-4659, while international callers should use 646-960-0383 (access code: 7269933).

A replay will be available at approximately 11 a.m. CT on the same day through the company's website.

U.S. Bank and State Farm have expanded their alliance by introducing personal loans of up to $50,000 through State Farm agents. This addition complements their existing collaboration that includes deposits, co-branded credit cards, and business banking services.

The partnership, which began in early 2020, has already served over 900,000 State Farm customers. The personal loans, now available in all 50 states, can be used for major purchases, home improvements, debt consolidation, or private party vehicle purchases.

This expansion represents U.S. Bank's continued investment in strategic alliances to reach new customers and grow their business, while enhancing State Farm's financial product offerings to meet evolving customer needs.