U.S. Bancorp Fact Sheet
U.S. Bancorp reports fourth quarter and
full-year 2015 financial results
U.S. Bancorp Chairman and CEO Richard
K. Davis said, “U.S. Bancorp delivered a
remarkable performance in 2015. More
than any year in recent history, 2015
required strong management focus as we
balanced decisions on operating
efficiencies with opportunities for investing
in future growth and addressing our
customers’ needs. U.S. Bancorp rose to
that challenge, delivering record net
income and diluted EPS for the year and
continuing with industry-leading
performance metrics. We are well
positioned as we move into 2016 – as
indicated by our record fourth quarter
revenue, strong momentum toward
positive operating leverage during the
quarter and the continued stability in our
net interest margin.”
U.S. Bancorp information as of December 31, 2015
Ratings information: Current as of February 16, 2016
U.S. Bancorp Business Scope
USB Capital Position
4Q15
USB
Common equity tier 1 capital ratio* 9.6%
Tier 1 capital ratio*
11.3%
Total risk-based capital ratio*
13.3%
Leverage ratio*
9.5%
Tangible common equity to
tangible assets
7.6%
Regional
Consumer & Business Banking
and Wealth Management
Wealth Management
offices in New York City,
Wilmington, Delaware,
and Naples and
Palm Beach, Florida
Common equity tier 1 capital to risk-weighted assets
estimated for the Basel III fully implemented standardized
approach of 9.1 percent and for the Basel III fully
implemented advanced approaches of 11.9 percent
*Calculated under the Basel III transitional standardized
approach
National
Wholesale Banking and Wealth
Management & Securities Services
Highlights for the fourth quarter
of 2015 include:
•Net income of $1.48 billion, or $0.80
per diluted common share, return on
average assets of 1.41 percent, return on
average common equity of 13.7 percent
and efficiency ratio of 53.9 percent
•Growth in average total loans of
4.2 percent over the fourth quarter
of 2014
•Continued momentum in paymentrelated fee revenue led by year-overyear increases in credit and debit card
revenue of 8.1 percent
•Operating leverage improving at 0.6
percent year-over-year
Fourth Quarter 2015 Performance
Ranking
U.S. Bank is the 5th largest U.S. commercial bank
Period-end assets
$422 billion
Period-end deposits
$300 billion
Period-end loans
$261 billion
Customers
18.5 million
Bank branches
3,133
ATMs
4,936
NYSE symbol
USB
Revenue Mix by Business Line
• Payment Services
31%
41%
17%
11%
• Wealth Management and
Securities Services
•W
holesale Banking and
Commercial Real Estate
• Consumer and Small
Business Banking
FY2015 taxable-equivalent basis, excluding securities gains (losses) net
Revenue percentages exclude Treasury and Corporate Support
Investment and Insurance products are:
NOT A DEPOSIT
NOT FDIC INSURED
MAY LOSE VALUE
NOT BANK GUARANTEED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
International
Payments and Securities Services
Corporate Trust
and Fund Services
offices in London
and Dublin
Long Term Senior Debt Ratings
Long Term Issuer
Credit Rating Definitions
S&P
Moody’sFitch
DBRS
AAAAaa AAAAAA
AA+Aa1AA+AAH
AA Aa2AA AA
AA-Aa3AA-AAL
A+A1A+AH
A A2A A
A-A3A-AL
BBB+Baa1 BBB+BBBH
BBB Baa2BBB BBB
BBB-Baa3 BBB-BBBL
BB+Ba1 BB+BBH
BB Ba2BB BB
BB-Ba3 BB-BBL
B+B1B+BH
B B2B B
B-B3B-BL
CCC+Caa1 CCC+CCCH
CCC Caa2CCC CCC
CCC-Caa3 CCC-CCCL
CCCa CCCCH
CCCCC
D
DDD
CCL
DD
CH
D
C
CL
D
Investment grade
Below investment grade
U.S. Bancorp Ratings
Moody’s= A1
S&P=
A+
Fitch=AA
DBRS=AA
The senior unsecured debt ratings
established for U.S. Bancorp
by Moody’s, Standard and
Poor’s, Fitch, and Dominion Bond
Rating Service reflect the rating
agencies’ recognition of the strong,
consistent financial performance
of the company and the quality of
the balance sheet.
Holding Company: Peer Group
Ratings as of 2/16/16
Moody’sS&P Fitch DBRS
RatingOutlookRatingOutlookRating
Outlook Rating
Outlook
1
U.S. Bancorp
A1
sA+
sAA sAA
s
2 Wells Fargo & Co.
A2
s
A
s
AA-
s
AA
s
3
BB&T Corp.
A2
sA-
sA+
sAH
s
4 JPMorgan Chase & Co.
A3
s
A-
s
A+
s
AH
op
5 PNC Financial Services A3
s
A-
s
A+
s
AH
s
6 Bank of America Corp.
Baa1
s
BBB+
s
A
s
AL
op
7
Fifth Third BancorpBaa1
sBBB+
sAsAL
s
8
SunTrust Banks, Inc.
Baa1
sBBB+
sA-
sAL
s
9
KeyCorp
Baa1
wnBBB+
onA-onBBBH
s
10
Regions Financial Corp.
Baa3s
BBBs
BBBs
BBBop
Holding Company: Others
Ratings as of 2/16/16
Moody’sS&P Fitch DBRS
RatingOutlookRatingOutlookRating
Outlook Rating
Outlook
1 Bank of New York Mellon A1
s
A
s
AA-
s
AAL
s
2
Northern Trust Corp.
A2
sA+
sAA-
sAAL
s
3 State Street Corp.
A2
wp
A
s
AA-
s
AAL
s
4
Comerica Inc.
A3onA-onA s A s
5 M&T Bank Corp.
A3
s
A-
on
A
s
AL
s
6
Citigroup Inc.
Baa1
sBBB+
sAsAL
op
7
Huntington Bancshares Inc.
Baa1
sBBB
sA-
sBBBH
s
8
Zions Bancorporation Ba1 op BBB-s
BBB-s
BBBLop
Long Term Bank Deposits
Bank Level: Peer Group
Ratings as of 2/16/16
Moody’sS&P* Fitch DBRS
RatingOutlookRatingOutlookRating
Outlook Rating
Outlook
1
U.S. Bank NA
Aa1
sAA-
sAA+
sAAH
s
2 Wells Fargo Bank NA
Aa1
s
AA-
s
AA+
s
AAH
s
3
BB&T Bank
Aa1
sAsAA-
sAAL
s
4
JPMorgan Chase NA
Aa2
sA+
sAA
sAAL
op
5
PNC Bank NA
Aa2
sAsAA-
sAAL
s
6
Fifth Third Bank Aa3
sA-
sA+
sAs
7
KeyBank NA
Aa3
wnA-onA onALs
8 Bank of America NA
A1
s
A
wp
AA-
s
A
op
9
SunTrust Bank
A1
s A-s AopAs
10
Regions Bank
A3
sBBB+
sBBB+
sBBBH
op
Bank Level: Others
Ratings as of 2/16/16
Moody’sS&P* Fitch DBRS
RatingOutlookRatingOutlookRating
Outlook Rating
Outlook
1 Bank of New York Mellon Aa1
s
AA-
s
AA+
s
AA
s
2
State Street
Aa2
wp
AA-
sAA+
sAA
s
3
Northern Trust Co.Aa2
sAA-
sAA
sAA
s
4
M&T
Aa2
s AonA+
s As
5
Comerica Bank
Aa3
onA onA+s AHs
6
Huntington National Bank
Aa3
sBBB+
sAsAL
s
7
Citibank NA
A1
s Awp
AA-
s Aop
8
Zions First National Baa1op BBBs
BBBs
BBBop
op = outlook positive
on = outlook negative
s = outlook stable
wu= watch uncertain
wn= watch negative
wp= watch positive
Accurate as of 2/16/16
*S&P does not provide a deposit rating; the long term issuer credit rating is shown.
Deposit Products offered by U.S. Bank National Association. Credit products are
offered by U.S. Bank National Association and subject to normal credit approval.
Member FDIC.
U.S. Bancorp, including each of our subsidiaries, is an Equal Opportunity Employer
and a Drug-Free Workplace.
usbank.com