U.S. Bancorp

U.S. Bancorp

U.S. Bancorp

Overview
Date Founded

1929

Headquarters

800 Nicollet Mall,Minneapolis, MN 55402

Type of Company

Public

Employees (Worldwide)

69.7K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

U.S. Bancorp operates as a bank holding company. It offers financial services, including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat & RV loans, credit lines, credit card services, merchant, bank, checking & savings accounts, debit cards, online & mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services. The company was founded in 1929 and is headquartered in Minneapolis, MN.

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Executives & Employees

Chairman, President & Chief Executive Officer

Vice Chairman & Chief Financial Officer

Senior Executive Vice President & General Counsel

Chief Marketing Officer

Vice Chairman & Chief Risk Officer

Senior Executive Vice President & Chief Credit Officer

Head, Commercial Real Estate Division

Head, Consumer & Business Banking

Vice Chairman & Chief Administrative Officer

Vice Chair, Payment Services

Board of Directors

Chairman, President & Chief Executive Officer at U.S. Bancorp

Director, President & Chief Executive Officer at CVS Health Corp.

Executive Director-Finance at Oracle Corp.

Chairman, President & Chief Executive Officer at Thermo Fisher Scientific, Inc.

Chief Executive Officer at CNH Industrial NV

President at Puget Equico LLC

Former Chief Executive Officer, President & Chairman at C.H. Robinson Worldwide, Inc.

Chairman, President & Chief Executive Officer at Ameren Corp.

Director at Travelport, Inc.

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Owners & Shareholders
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BHI-IM employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, BHI-IM invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

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D1 Capital Partners LLC (D1) is a hedge fund manager headquartered in New York. D1 provides investment advice.

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David Advisors Davis Advisors manages client accounts using the following investment strategies: Large-Cap Value, Concentrated Equity, Multi-cap Equity, Financial services, International Companies, Global Companies, Real Estate Companies, Appreciation and Income, Government Securities, and Government Money Market Funds. The firm conducts extensive research to try to identify businesses that possess characteristics they believe foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors seeks to invest in such businesses when they are trading at discounts to their intrinsic worth. Their goal is to invest for the long-term. They consider selling securities if the market price exceeds their estimate of intrinsic value, or if the ratio of the risks and rewards of continuing to own the company’s securities is no longer attractive.

Recent Transactions
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Foreside Financial Group LLC, Lovell Minnick Partners LLC purchase Quasar Distributors LLC from U.S. Bancorp

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U.S. Bancorp purchases Talech, Inc. from Morado Venture Management LLC, AME Cloud Ventures, Eastward Capital Partners LLC, Visionnaire Ventures LLC

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U.S. Bancorp, Firstar Development LLC purchase Logan's Gap Wind LLC from Pattern Energy Group Inc.

Transaction Clients
Lender

Advised on Advanstar Communications, Inc. purchases ENK International LLC from ENK International Holdings, Inc.

Lender

Advised on Boyd Group Income Fund purchases Cars Collision Center, Inc.

Escrow Agent

Advised on Nuance Communications, Inc. purchases SNAPin Software LLC from Oak Investment Partners, Covera Ventures, Frazier Technology Management LLC, SeaPoint Ventures LLC, Trilogy Equity Partners LLC

Transaction Advisors
Legal Advisor

Advised onU.S. Bancorp purchases Nova Corp. (Georgia)

Accountant

Advised onU.S. Bancorp purchases Nova Corp. (Georgia)

Legal Advisor

Advised onU.S. Bancorp purchases Wachovia Corp. /US Trust Business from Wachovia Corporation

Legal Advisor

Advised onU.S. Bancorp, U.S. Bank Private Wealth Management purchase Deutsche Bank AG /Municipal Bond Trustee Business from Deutsche Bank AG

Legal Advisor

Advised onU.S. Bancorp, U.S. Bank, NA (Cincinnati Ohio) purchase RBS Citizens Financial Group, Inc. /Charter One Chicago Ops from Citizens Financial Group, Inc. - Rhode Island

Legal Advisor

Advised onU.S. Bancorp purchases Wachovia Corp. /US Trust Business from Wachovia Corporation

Advisors & Consultants
Advisor

Chief Executive Officer at Clearent LLC

Legal Advisor

Partner at Dorsey & Whitney LLP

Legal Advisor

Partner at Dorsey & Whitney LLP

Clients

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

Capital City Bank Group, Inc. operates as a bank holding company. Its principal services are banking services, data processing services, trust and asset management services, and brokerage services. The firm provides traditional deposit and credit services, mortgage banking, merchant services, bank cards, and securities brokerage services. Capital City Bank Group was founded on December 13, 1982 and is headquartered in Tallahassee, FL.

Cardtronics, Inc. engages in the provision of convenient automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. It operates through the following segments: North America; Europe and Africa; and Australia and New Zealand. The company was founded in 1993 and is headquartered in Houston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$71.8B
Total Enterprise Value
$67.4B
Earnings Per Share
$3.06
Revenue
$25.2B
Enterprise Value / Sales
2.67x
TEVNet Income
13.6x
Debt TEV
0.79x
Total Debt
$53.1B
Total Equity
$53.7B
Net Profit
$4.96B
Three Year Compounded Annual Growth Rate Of Revenue
2.64%
Non-Profit Donations & Grants
$10K - $25K
2019
$1,000 - $2,499
2017
$5,000 - $10K
2017
Political Donations
$5,000
2014
$1,500
2014
N/A
2014
Investments
Details Hidden

Students of Wealth LLC develops savings and gifting platform to help kids save for dreams. It offers save the children, purple fleet foundation, and association benefit to children and waterkeeper alliance. The company was founded by Tanya V. Court, Emily Glasser and Naledi Khabo and is headquartered in Brooklyn, NY.

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Poynt Co. operates as a payment terminal and open commerce platform. Its products include Poynt smart terminal, Poynt 5, Poynt HQ, mission control, register and terminal. The company was founded by Osama Bedier in 2013 and is headquartered in Palo Alto, CA.

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R3 HoldCo LLC operates as a financial technology firm. It also operates a consortium of financial institutions that have guided and contributed to the development of Corda, a distributed ledger platform. The company was founded by David Rutter and is headquartered in New York, NY.

Investors
Details Hidden

Co-Founder at Motability

Details Hidden

Life Peer at United Kingdom House of Lords

Suppliers
Piedmont Office Realty Trust, Inc. Trusts & Funds | Johns Creek, GA

Piedmont Office Realty Trust, Inc. engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.

Envestnet, Inc. Engineering, Construction & Architecture | Chicago, IL

Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the following segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions. The Envestnet Data & Analytics segment provides data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. The company was founded by Judson Taft Bergman, James Winfield Lumberg and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.

Ingenico Group SA Industrial Machinery & Manufacturing | Paris, France

Ingenico Group SA provides payment solutions through different sales channels. It operates through the following trademarks: Ingenico Smart Terminals, Ingenico Payment Services, and Ingenico ePayments. The company was founded by Jean-Jacques Poutrel and Michel Malhouitre on June 10, 1980 and is headquartered in Paris, France.

Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Awards & Honors
Rank #131
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #131
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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