Us Bancorp Stock Price, News & Analysis

U.S. Bank hosted a signature employee celebration of Hispanic Heritage Month at the National Museum of Mexican Art in Chicago's Pilsen neighborhood. The event featured discussions about Hispanic culture and success, with over 125 employees attending in person and hundreds more via livestream. The U.S. Bank Foundation has invested nearly $200,000 in the museum since 2018, supporting its 20,000-piece collection and educational programs. The bank is expanding its Hispanic-focused initiatives through U.S. Bank Access Commitment®, including hiring bilingual mortgage loan officers and Business Access Advisors, and developing Spanish-language services like Asitente Inteligente.

U.S. Bancorp (NYSE: USB) has announced that Senior Executive Vice President and CFO John Stern and Senior Executive Vice President Stephen Philipson, Head of Wealth, Corporate, Commercial and Institutional Banking, will present at the BancAnalysts Association of Boston Conference. The presentation is scheduled for November 7 at 10:30 a.m. ET in Boston. The event will be available via live audio webcast in the 'Webcasts and Presentations' section of U.S. Bank's Investor Relations website, with a replay available afterward.

The U.S. Bank Freight Payment Index reports continued contraction in truck freight shipments and spending during Q3, though at a slower pace. Shipments decreased 1.9% quarter-over-quarter, marking the ninth consecutive quarterly decline, while spending dropped 1.4%. Regional variations were significant, with the West showing growth (shipments +1.1%, spending +4.4%) while the Southeast declined (shipments -3.0%, spending -3.3%). The Southwest experienced the largest quarterly volume decline at -7.2%. Year-over-year, both national shipments and spending were down approximately 21%.

U.S. Bancorp announced key leadership and structural changes to its payments business. CFO John Stern will now report directly to CEO Andy Cecere. The Payment Services business will be reorganized into two divisions: Payments: Merchant and Institutional (PMI) and Payments: Consumer and Small Business (PCS). Mark Runkel will lead the PMI business starting January, while the company actively recruits for the PCS head position, expected to be filled by first half of 2025. These changes come as Vice Chair of Payment Services Shailesh Kotwal prepares for retirement in first half of next year.

Elavon, a U.S. Bank subsidiary and global payment processor, has launched its unified cloud-based Elavon Payment Gateway. This omni-commerce solution enables merchants to accept payments in-store, online, and via mobile devices on a single global platform. The gateway features include omnichannel integration, comprehensive APIs, global reach, advanced security, and data-driven insights. It supports digital wallets like Paze, Apple Pay, and Google Pay, while offering value-added services such as Dynamic Currency Conversion and Recurring Payment Subscriptions. The solution is currently available for small businesses in the US market.

U.S. Bank and PGA Tour pro Collin Morikawa are expanding access for youth golfers through the Birdie Challenge. For every birdie Morikawa makes during the season, U.S. Bank donates five memberships to Youth on Course, a nonprofit that offers affordable golfing opportunities for young people. So far, Morikawa's 325 birdies have resulted in 1,625 memberships being donated.

U.S. Bank employees are also contributing through the 100 Hole Hike challenge, which has led to 2,700 holes golfed and additional donations. The initiative aims to make golf more accessible and affordable for youth, with Youth on Course offering rounds for as little as $5 at thousands of courses nationwide.

The partnership between U.S. Bank, Morikawa, and Youth on Course is helping to grow the game inclusively and create opportunities for the next generation of golfers.

U.S. Bancorp released its third quarter 2024 financial results today. The company has made available its earnings release, earnings supplement, and slide presentation on their investor relations website at ir.usbank.com/investor-relations/financial-information.

A conference call to review the financial results is scheduled for 7 a.m. Central Time, hosted by Chairman and CEO Andy Cecere and Senior Executive Vice President and CFO John Stern. Interested parties can access the webcast and presentation through U.S. Bancorp's website at usbank.com by navigating to 'About Us,' 'Investor Relations,' and 'Webcasts & Presentations.'

For those wishing to join the conference call, the following dial-in numbers are provided:

• From the United States and Canada: 888-210-4659
• From outside the United States and Canada: 646-960-0383

The conference ID for all participants is 7269933.

U.S. Bank has been investing in San Francisco's Mission District for over two decades through its support of the Mission Economic Development Agency (MEDA). The Mission District, one of the oldest neighborhoods in the city, has been a hub for Latino and immigrant communities facing challenges due to rising living costs. MEDA, founded in 1973, aims to build prosperity and equity within the district.

U.S. Bank's support includes:

• Philanthropic contributions to help MEDA operate and grow its programs
• Over $5 million in financing to help MEDA purchase Plaza Adelante
• Nearly $85 million in tax credits and construction loans for the Casa Adelante affordable housing project
• A recent $1 million multiyear contribution to support MEDA's affordable housing program

These investments help preserve the culture and community of the Mission District, supporting services such as financial education, homeowner assistance, job training, and small business support.

U.S. Bank goals coaches offer advice to help college students achieve their targets. The coaches focus on key areas:

• Setting goals: Evaluate current situation, set personal, professional, and financial goals with deadlines.
• Utilizing resources: Use academic counselors, financial aid advisors, and goals coaches as accountability partners.
• Time management: Prioritize tasks, create schedules, and focus on critical activities.
• Managing finances: Create budget plans, categorize spending, build savings, and manage credit effectively.
• Maintaining a positive mindset: Learn from past mistakes, appreciate the present, and focus on personal growth.

Coaches emphasize the importance of specific, measurable goals, effective resource utilization, and maintaining a balanced approach to academic, social, and personal responsibilities.