U.S. Bancorp is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. Our headquarters are in Minneapolis, but our more than 70,000 teammates are located globally. We’ve been recognized for our digital innovation, customer service and community partnerships, and we’re proud to be named one of the 2024 World’s Most Ethical Companies® by Ethisphere and one of the most admired superregional banks by Fortune®. Our core businesses include Consumer and Business Banking, Wealth, Corporate, Commercial and Institutional Banking and Payment Services. This diverse mix of businesses is the key to how we deliver consistent financial performance, helping us put the power of one U.S. Bank to work for you.

How each business line delivers for you

Our core revenue-generating business lines have more than 50 business areas within them that create “through-the-cycle” earnings power.

Consumer and Business Banking:

Consumer Banking, Consumer Lending (Mortgage, Auto/RV), Business Banking, Business Lending

Wealth, Corporate, Commercial and Institutional Banking:

Wealth Management, Asset Management, Capital Markets, Global Fund Services, Corporate Banking, Commercial Banking, Commercial Real Estate, Global Corporate Trust and Equipment Finance

Payment Services:

Retail Payment Solutions, Merchant Payment Services and Corporate Payment and Treasury Solutions

Our clients

~13M

consumer clients

~1.4M

business clients

~500K

wealth clients

~45K

corporate and institutional clients

Our demonstrated results

Consumer and Business Banking

deposit share within footprint1

bank retail mortgage lender2

SBA lender ranked by volume3

mobile and online banking4

Wealth, Corporate, Commercial and Institutional Banking

of Fortune 1,000 companies bank with us5

J.D. Power rated Wealth Advisor6

in Corporate Trust markets we serve7

investment grade syndicated loans8

Payment Services

U.S. Commercial card issuer ranked by spend volume9

U.S. credit issuer ranked by volume10

freight payments provider ranked by volume11

bank-owned U.S. merchant acquirer ranked by volume12

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Disclosures

  1. Based on FDIC Summary of Deposits survey within 26-state footprint per S&P Global Market Intelligence with deposits per branch capped at $250M. FDIC data as of June 30, 2024. 

  2. Inside Mortgage Finance 3Q 2024. Based on dollar amount of transactions.

  3. SBA Lender Report 2024.

  4. Javelin Strategy & Research, 2024 based on scores across six evaluation categories.

  5. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, U.S. Bancorp.

  6. J.D. Power 2024 U.S. full-service investor satisfaction study released on March 21, 2024 based on investors surveyed from January 2023 – January 2024, who may be working with a financial advisor from U.S. Bank or its affiliate, U.S. Bancorp Investments.

  7. U.S. market share data sourced from Greenstreet ABAlert for the ABS/MBS and CLO rankings and Refinitiv for the Corporate and Municipal rankings. Rankings based upon number of deals and volume in dollars. Data as of December 31, 2024.

  8. LSEG/LPC as of September 30, 2024, based on number of deals.

  9. Volume per Nilson Report (Issue 1263, May 2024).

  10. Rankings are based on midyear 2024 V/MA issuer volume per Nilson Report (Issue 1271, September 2024). Includes consumer, small business and commercial volume.

  11. Based on results for key competitors and company reports as of December 31, 2024.

  12. Ranking assumes joint ventures are consolidated per Nilson Report (Issue 1260, March 2024).

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Business line revenue percentages above for the year ended December 31, 2024, are non-GAAP financial measures, are given on a taxable-equivalent basis and exclude Treasury and Corporate Support. See Non-GAAP Financial Measures beginning on page 57 for reconciliation.