Us Bancorp Stock Price, News & Analysis

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.

U.S. Bank has appointed Kristy Carstensen as the new leader of its Global Treasury Management business and prepaid card organization. Carstensen, a five-time American Banker Most Influential Women in Payments honoree, will oversee comprehensive treasury management and payment solutions for business, government, and institutional clients. With 13 years at U.S. Bank, including her role as CFO of Payment Services, Carstensen brings extensive experience to the position. The bank's Global Treasury Management offers products and services to optimize payments, enhance reporting, improve liquidity, and mitigate risk. U.S. Bank was a pioneer in instant payments, participating in the first RTP Network® payment and FedNow® Service launch.

U.S. Bank and One Inc have announced a strategic partnership to modernize payment solutions for insurance carriers. The collaboration integrates U.S. Bank's money movement and banking capabilities with One Inc's ClaimsPay® and PremiumPay® solutions to enhance claims and premium processing. One Inc's Digital Wallet will enable multiple payment channels, including credit/debit cards, Apple Pay®, Google Pay™, PayPal™, Venmo, and ACH transactions. The partnership aims to accelerate instant payments within the insurance industry, leveraging U.S. Bank's experience with the RTP Network® and FedNow® Service.

U.S. Bank has been recognized as a top supporter of veterans and military families, ranking #10 in the Military Times Best for Vets 2024 Employers list for the third consecutive year. Through its Driven to Serve program, the bank has donated 50 payment-free vehicles with Freedom Alliance and 80 vehicles overall since 2018. The bank has also donated 28 mortgage-free homes to veterans since 2013, with two more planned for 2024, and funded 29 critical home repair projects since 2017. The bank supports over 2,000 military and veteran employees and has hosted 42 employee events through its Proud to Service chapters in 2024. Additionally, U.S. Bancorp Impact Finance has provided significant funding for veteran housing projects, including $281 million in debt and $106 million in equity for affordable housing in California.

U.S. Bank has launched a new travel booking platform, the U.S. Bank Travel Center with Booking.com, powered by Rocket Travel by Agoda. The platform allows credit cardholders to book hotels, flights, and rental cars while offering access to over 2.4 million properties worldwide through Booking Holdings brands. The service features special travel discounts, 24/7 support, same-day booking capability, and enhanced site navigation. Additional benefits include cash-back deals, merchant discount offers, and Paze℠, a secure online checkout solution using tokenization technology.

U.S. Bank participated in Habitat for Humanity's 2024 Jimmy & Rosalynn Carter Work Project, contributing 150 employees to build 30 affordable homes in St. Paul, Minnesota. The project is part of The Heights, a development that will include 1,000 housing units and create 1,000 jobs. As a diamond sponsor, U.S. Bank, through its Impact Finance division, has invested over $137.6 million in Habitat projects nationwide since 2008, creating over 3,901 housing units. In 2023, U.S. Bank provided $1.9 million in corporate contributions and foundation giving to Habitat, with employees volunteering more than 6,000 hours.

U.S. Bank branch manager Anthony Winfield, a former Air Force veteran, transitioned to banking after a 13-year military career cut short by injuries sustained in Afghanistan. After a rocket explosion at Bagram Airfield left him with partial deafness, nerve damage, and back injuries, Winfield received a medical retirement. Following six years in auto sales, he joined U.S. Bank in January 2023 as a branch manager in Parma, Ohio, where he now works with his certified service dog, Maizy, who helps him manage his service-related injuries.