Message from the CEO
As I prepare to transition the CEO title to Gunjan Kedia this spring, I am both reflective and optimistic. I have spent nearly 40 years working for this wonderful company, and you placed considerable trust in me. Thank you.
Building on our strong foundation
With the second-oldest banking charter in the United States, U.S. Bancorp has long been a trusted financial partner.
Driving growth
Growing our business is about more than increasing revenue. It’s about adding value for our clients.
Investing in our future
We’re in an era where technology is reshaping every aspect of the financial industry and changing the expectations of our customers and clients.
Investing in our communities
Investing in the future includes the future of the communities we serve.
Financials
In 2024, we built on our strong capital base with levels above the “well-capitalized” requirements. We grew our CET1 capital ratio to 10.6% as of December 31, 2024, and we maintained a robust liquidity profile with abundant cash levels and low-cost borrowing capacity.
Responsibility
As a financial services provider, we invest our human and financial resources to help people and the planet. Learn about some key advancements we made in 2024.
