Articles from U.S. Bancorp

U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Magwitch, a Jacksonville, Fla-based fintech, to provide Point-of-Sale Lending through merchants using Magwitch’s lending-as-a-service platform.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization’s revenue lines, enabling functions and independent risk teams.

U.S. Bancorp (NYSEUSB) announced today that President Gunjan Kedia will become the company’s chief executive officer at the conclusion of the organization’s annual meeting of shareholders on April 15. Kedia also was elected to the company’s Board of Directors. Current Chairman and CEO Andy Cecere will serve as executive chairman, continuing to lead the Board of Directors and supporting Kedia as she assumes her new role.

U.S. Bank has named international banking leader Tarek El-Yafi as head of U.S. Bank Global Transaction Services, a new group created to help meet the growing international banking and payment needs of clients.

U.S. Bank has launched a new Smartly™ Visa Signature® Card advertising campaign featuring NFL Hall of Fame quarterback Peyton Manning. In it, Manning’s new hobby is fully realized with help from the Smartly card – a credit card with no annual fee that offers cash back on every purchase, with no spending caps, when paired with a U.S. Bank Smartly® Savings account.

U.S. Bancorp reported its fourth quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp (NYSEUSB) announced today that Courtney Kelso will be joining the company as senior executive vice president and head of Payments: Consumer and Small Business (PCS) effective Feb. 3. In this Managing Committee role, Kelso will be responsible for personal and small business debit and credit cards, Elan, cobrand, and all related functions including business line risk and credit/collections. She will report to company President Gunjan Kedia and be based in New York.

U.S. Bancorp (NYSEUSB) will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 16, 2025. At 8 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, December 19, 2024, at all U.S. Bank locations.

The Board of Directors of U.S. Bancorp (NYSEUSB) has declared a regular quarterly dividend of $0.50 per common share, payable January 15, 2025, to stockholders of record at the close of business on December 31, 2024. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share.

U.S. Bancorp (NYSEUSB) announced today that Chairman and CEO Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Goldman Sachs Financial Services Conference.

U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank’s business, government and institutional clients. In addition to Global Treasury Management, Carstensen will also oversee the bank’s prepaid card organization.

U.S. Bank has unveiled a new travel booking platform for U.S. Bank credit cardholders to reserve hotels, flights and rental cars. The U.S. Bank Travel Center with Booking.com, powered by Rocket Travel by Agoda, elevates travel planning and booking experiences through Rocket Travel by Agoda’s advanced booking technology and global online travel planning expertise and support.

U.S. Bancorp (NYSEUSB) will host conference calls to review quarterly financial results on the following dates:

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 7.75 percent from 8.00 percent, effective tomorrow, November 8, 2024, at all U.S. Bank locations.

U.S. Bancorp (NYSEUSB) announced today that Senior Executive Vice President and Chief Financial Officer John Stern and Senior Executive Vice President and Head of Wealth, Corporate, Commercial and Institutional Banking Stephen Philipson will present at the BancAnalysts Association of Boston Conference.

Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% compared to the previous quarter while spending dropped 1.4%. This was the ninth consecutive quarterly decrease in volume, but the smallest drop in more than a year.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Chief Financial Officer John Stern now will report directly to Chairman and CEO Andy Cecere, and shared a new leadership structure for its payments and money movement businesses under President Gunjan Kedia.

U.S. Bancorp reported its third quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp (NYSEUSB) will release its third quarter 2024 earnings results before the market opens on Wednesday, October 16, 2024. At 7 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

Parents today are talking with their children about topics like investing in stocks and bonds and choosing career paths that align with their child’s financial goals – discussions many didn’t have with their own parents growing up, a new survey from U.S. Bank found. In addition, nearly 1 in 4 of all parents and more than half of Gen X parents worry their children will be financially dependent on them well into adulthood.

American Banker has recognized two U.S. Bank leaders for its 2024 Most Powerful Women in Banking awards, naming President Gunjan Kedia and Vice Chair and Chief Risk Officer Jodi Richard among individual honorees.

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, September 19, 2024, at all U.S. Bank locations.

The Board of Directors of U.S. Bancorp (NYSEUSB) has authorized a share repurchase program for up to $5 billion of the company’s outstanding common stock beginning September 13, 2024. The company intends to begin repurchasing shares by early 2025.

All U.S. Bank clients with eligible credit and debit cards now have access to Paze℠, a new online checkout solution that makes online shopping more convenient. Paze is an easy checkout experience with no manual card entry, no new Paze password to remember* and no need to download third-party applications.

U.S. Bank is introducing two new U.S. Bank Smartly® products designed to work together to maximize credit card rewards while also helping clients earn more on their savings balances.

U.S. Bancorp (NYSEUSB) announced today that it will host an Investor Day in New York on Thursday, Sept. 12, 2024. Presentations will be given by U.S. Bancorp Chairman and CEO Andy Cecere and select members of U.S. Bancorp’s management team.

Almost three quarters (73%) of American small business owners say their business has grown in the last year, with even higher percentages for Black (84%) and Hispanic (80%) owners, according to the U.S. Bank 2024 Small Business Perspective that was released today. The report, which is based on a survey of more than 1,000 small business owners, explores the complex challenges and stressors owners are facing in the 2024 macroeconomic environment, including efforts to retain and engage employees and the impact of artificial intelligence (AI) on operations and job security. The report also includes insights from small business employees to offer a holistic view of the small business landscape.

U.S. Bank, lead bank of U.S. Bancorp (NYSEUSB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Shailesh Kotwal, vice chair of Payment Services, intends to retire from the company in the first half of 2025.

U.S. Bank has entered into a strategic partnership to serve Edward Jones’ clients banking needs with leading U.S. Bank deposit and credit card solutions. Through the alliance, Edward Jones financial advisors will have the unique opportunity and tools to introduce co-branded U.S. Bank deposit and credit card products to the firm’s U.S. clients beginning in late 2025.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Arijit Roy will become the newest member of its Managing Committee, a group of 16 executives with various responsibilities for the organization’s revenue lines, enabling functions and independent risk teams.

Truck freight volumes and spending continued to drop in the second quarter, but at a slower pace than recent quarters, according to the latest U.S. Bank Freight Payment Index. Shipments increased in three regions – the West, Northeast and Southeast – on a quarterly basis, the first time multiple regions have experienced increased volume in more than a year.

U.S. Bank today introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences. Created in partnership with Billtrust, U.S. Bank Advanced Receivables brings together the bank’s leading payment and risk management capabilities with Billtrust’s top AR technology to improve the intricate business-to-business (B2B) receivables process.

U.S. Bancorp reported its second quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp announced today that Aleem Gillani has been elected as a director of the company by its board of directors, effective immediately. He will serve on the Audit Committee and Risk Management Committee of the board.

U.S. Bancorp (NYSEUSB) commented on the results of the Federal Reserve’s Dodd-Frank Act Stress Test (DFAST) conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Tim Welsh, vice chair of Consumer and Business Banking, intends to leave the organization after seven years to focus on his many community activities and additional career interests.

U.S. Bancorp (NYSEUSB) will release its second quarter 2024 earnings results before the market opens on Wednesday, July 17, 2024. At 7 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

The Board of Directors of U.S. Bancorp (NYSEUSB) has declared a regular quarterly dividend of $0.49 per common share, payable July 15, 2024, to stockholders of record at the close of business on June 28, 2024. At this quarterly dividend rate, the annual dividend is equivalent to $1.96 per common share.

U.S. Bank announced today a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, today announced expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) team. They will continue to report to Gunjan Kedia, who was recently named president of U.S. Bancorp, overseeing the company’s revenue lines of business, including Consumer and Business Banking (CBB), Payment Services and WCIB.

U.S. Bancorp (NYSEUSB) announced today that Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Morgan Stanley US Financials, Payments & CRE Conference 2024.

For 161 years, U.S. Bank and its clients have walked hand-in-hand together at the center of life’s financial milestones, both big and small. And today, the financial institution launched a new campaign, “The Power of Us,” highlighting that very connection to daily life and the relationship between its clients, its people and its products.

U.S. Bancorp (NYSEUSB) announced today that Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Bernstein 40th Annual Strategic Decisions Conference 2024.

For the fourth consecutive year U.S. Bank has received the highest score in California in the J.D. Power 2024 U.S. Retail Banking Satisfaction Study of clients’ satisfaction with their primary bank.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO.

The latest U.S. Bank Freight Payment Index revealed that the U.S. truck freight market contracted significantly during the first three months of 2024. Spending by shippers decreased 27.9% in the first quarter compared with the same period in 2023 and was down 16.8% compared to the fourth quarter of 2023. Meanwhile, shipments dropped 21.6% from a year prior and 7.8% from the fourth quarter of 2023.

U.S. Bancorp (NYSEUSB) announced today that Vice Chair and Chief Administration Officer Terry Dolan and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Barclays Americas Select Franchise Conference 2024.

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report.

U.S. Bancorp reported its first quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bank is No. 1 in overall customer satisfaction for Wealth Management in the J.D. Power 2024 U.S. Full-Service Investor Satisfaction Study, the bank shared today.

U.S. Bancorp (NYSEUSB) will release its first quarter 2024 earnings results before the market opens on Wednesday, April 17, 2024. At 7 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

The Board of Directors of U.S. Bancorp (NYSEUSB) has declared a regular quarterly dividend of $0.49 per common share, payable April 15, 2024, to stockholders of record at the close of business on March 29, 2024. At this quarterly dividend rate, the annual dividend is equivalent to $1.96 per common share.

U.S. Bancorp (NYSEUSB) announced today that due to a vendor error, the live audio webcast of the company’s presentation at the RBC Capital Markets Global Financial Institutions Conference on Tuesday was temporarily not available in full.

For the 10th consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

U.S. Bancorp (NYSEUSB) announced today that Vice Chair, Wealth, Corporate, Commercial and Institutional Banking Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will present at the RBC Capital Markets Global Financial Institutions Conference.

U.S. Bank today announced it has launched a new division dedicated to serving private capital firms and global asset managers.

U.S. Bancorp (NYSEUSB) announced today that Vice Chair, Consumer and Business Banking Tim Welsh and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Bank of America 2024 Financial Services Conference.

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% while spending by shippers contracted 13.5%. The year-over-year drop in volume was the largest in the history of the Index.

U.S. Bancorp reported its fourth quarter 2023 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp (NYSEUSB) will release its fourth quarter 2023 earnings results before the market opens on Wednesday, January 17, 2024. At 7 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

The Board of Directors of U.S. Bancorp (NYSEUSB) has declared a regular quarterly dividend of $0.49 per common share, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023. At this quarterly dividend rate, the annual dividend is equivalent to $1.96 per common share.

U.S. Bancorp (NYSEUSB) announced today that President, Chairman and CEO Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Goldman Sachs Financial Services Conference.

During the third quarter, the amount spent to ship goods via truck freight was down 12.5% compared to a year prior while the volume of shipments was off 9.7%, according to the U.S. Bank Freight Payment Index. Spending fell 4.2% and shipments declined 3.4% from the second quarter to the third quarter of 2023. This marks the fifth consecutive quarter that both truck freight spending and volume have declined.

U.S. Bancorp (NYSEUSB) announced today that Vice Chair, Wealth, Corporate, Commercial and Institutional Banking Gunjan Kedia and Senior Executive Vice President and Chief Financial Officer John Stern will present at the BancAnalysts Association of Boston Conference.

U.S. Bank, an industry leader in payment services, announces today the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses with the ability to offer consumer financing during checkout with a quick application and instant decisioning.

U.S. Bancorp reported its third quarter 2023 results today. The earnings release, business line schedules and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bank has named Ariel Meyerstein as the head of its Environmental, Social and Governance (ESG) Program Office.

American Banker has recognized two U.S. Bank leaders in its 2023 Most Powerful Women in Banking awards, naming Vice Chair Gunjan Kedia and Director Alli Yttreness among individual honorees.

U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report.

U.S. Bancorp (NYSEUSB) will release its third quarter 2023 earnings results before the market opens on Wednesday, October 18, 2023. At 7 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President, Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

Most U.S. small business owners feel successful, driven by purpose and fulfilled by their work, but more than half are sacrificing time and relationships with loved ones for the sake of their business according to a new U.S. Bank survey, The Small Business Owner Perspective 2023: Independence, Purpose and Sacrifice. The study explores the personal experiences of small business owners and the factors behind their unique resilience and shines a spotlight on the complexities they are facing today.

U.S. Bank announced today that strategy and marketing executive Kai Sakstrup has been named chief product officer for its Wealth, Corporate, Commercial and Institutional Banking (WCIB) division. Beginning Oct. 1, Sakstrup will lead a cross-functional team in developing and creating new products across the WCIB organization to better serve wealth and institutional clients, commercial businesses and corporations. He also will be responsible for creating the strategy and roadmap for a wide variety of WCIB products and the infrastructure needed to support them.

U.S. Bank today announced a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue. Newly appointed Head of Healthcare Business Banking Joe Persichetti will lead this effort, working with teams across banking, payments, and wealth management to deliver a comprehensive suite of solutions for healthcare clients.