U.S. Bancorp operates as the parent company of U.S. Bank National Association, with recurring news centered on banking results, product development, payments, wealth management, and commercial client services. Coverage includes retail and commercial banking, credit cards, mortgages, trust and wealth services, capital markets activity, and payment solutions delivered through Elavon.
Company updates also cover healthcare business banking, including practice lending and healthcare payments; freight-payment data from the U.S. Bank Freight Payment Index; sports finance and wealth-management partnerships; and earnings releases and conference-call materials tied to the bank’s financial performance.
U.S. Bank has launched a new advertising campaign for its Smartly™ Visa Signature® Card featuring NFL Hall of Fame quarterback Peyton Manning. The campaign debuted during the College Football Playoff National Championship game on January 20, with plans for a second TV spot in 2025.
The commercial showcases Manning pursuing bird watching as a hobby, purchasing supplies and gear using the Smartly card. The card, launched in late 2024, offers cash back on every purchase with no spending caps when paired with a U.S. Bank Smartly® Savings account. The product combination provides credit card rewards while offering competitive savings rates based on total eligible U.S. Bank balances.
The campaign includes television, digital, and social media advertisements, featuring the tagline "No matter what you buy, earn more, Smartly with the U.S. Bank Smartly Visa Signature Card."
U.S. Bancorp (USB) announced the release of its fourth quarter 2024 financial results. The company will host a conference call at 8 a.m. Central Time, led by Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern, to discuss the results. The earnings release, supplement, and presentation materials are available on the company's investor relations website at ir.usbank.com.
Interested parties can access the conference call via webcast through U.S. Bancorp's website or by phone using the following numbers: 888-210-4659 (US and Canada) or 646-960-0383 (international), with conference ID 7269933.
U.S. Bancorp (NYSE: USB) has announced the appointment of Courtney Kelso as senior executive vice president and head of Payments: Consumer and Small Business (PCS), effective Feb. 3. Kelso, 47, will oversee personal and small business debit and credit cards, Elan, cobrand, and related functions including business line risk and credit/collections.
Reporting to company President Gunjan Kedia, Kelso brings over 17 years of experience from American Express and previous roles at McKinsey and Accenture. The appointment follows Shailesh Kotwal's announced retirement planned for the first half of 2025. As part of a strategic reorganization, U.S. Bancorp is splitting its Payment Services division into two units: Consumer and Small Business (PCS) and Merchant and Institutional (PMI), reflecting the growing importance of this business segment.
U.S. Bank has distributed over $9 million in Community Possible grants to 400+ nonprofits focused on creating stable housing environments. The grants support organizations working to provide opportunities for people to work, live and play. Notable recipients include Humility Homes & Services, Inc. (HHSI) in Davenport, Iowa, which maintains over 130 rental housing units and provides rapid rehousing services, and The Housing Fund (THF) in Nashville, Tennessee, which offers capital and loans to support low-income communities.
The grants are part of a larger initiative, with the U.S. Bank Foundation providing more than $47 million in total grants in 2024, including giving through the Community Possible program and the U.S. Bank Foundation Opportunity Fund. The foundation focuses on closing gaps between people and possibility in areas of work, home, and play.
U.S. Bancorp (NYSE: USB) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, January 16, 2025. The earnings results will be released before market opening, followed by a conference call at 8 a.m. CT.
Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern will host the call to review financial results. 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, with 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. Bancorp (NYSE: USB) has announced a reduction in its prime lending rate from 7.75% to 7.50%, representing a 25 basis points decrease. The new rate will be effective from December 19, 2024, and will be implemented across all U.S. Bank locations.
U.S. Bank addresses the challenges of discussing financial matters with aging parents, highlighting findings from a recent survey showing 45% of Americans are unaware of their parents' financial situation. Sarah Darr, head of financial planning at U.S. Bank, provides guidance on initiating these conversations, emphasizing the importance of approaching discussions with care and respect.
The guide recommends taking inventory of important documents, understanding assets and liabilities, ensuring proper estate planning, and maintaining open communication about future intentions. Key recommendations include choosing appropriate timing for discussions, keeping conversations brief, and involving financial advisors to facilitate dialogue. The survey also reveals that 53% of affluent Americans credit their financial advisors with helping navigate uncomfortable money conversations with family members.
U.S. Bancorp (NYSE: USB) has announced its quarterly dividend payments. The company declared a regular quarterly dividend of $0.50 per common share, equivalent to an annual dividend of $2.00 per share. The payment is scheduled for January 15, 2025, for stockholders of record as of December 31, 2024.
Additionally, the bank declared quarterly dividends for various series of preferred stock, including Series A ($1,517.364 per share), Series B ($352.508), Series K ($343.750), Series L ($234.375), Series M ($250.000), Series N ($231.250), and Series O ($281.250). All preferred stock dividends will be paid on the same date as the common stock dividend.
Carter's BBQ, a Cleveland-based food truck business, has transformed from a hobby into an award-winning operation with help from U.S. Bank's business access advisor. After initial success selling barbecue at local events, owners Darren and Theresa Carter expanded their business through a crowdfunding loan to purchase equipment. U.S. Bank's advisor Norlynn Story helped them optimize their cost structure and obtain Minority Business Enterprise certification.
Through Story's guidance, the Carters connected with the Economic & Community Development Institute (ECDI), refinancing their loan at better terms. The business recently won best food truck/caterer at the Taste of Black Cleveland showcase and is expanding into retail with packaged seasonings and sauces.
U.S. Bancorp (NYSE: USB) has announced that Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern will present at the Goldman Sachs Financial Services Conference. The presentation is scheduled for Wednesday, December 11 at 9:20 a.m. ET in New York.
Investors can access a live webcast of the presentation through the 'Webcasts and Presentations' section of U.S. Bank's Investor Relations website. A replay of the presentation will be available on the same platform after the event.