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United States

U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

U.S. Bancorp says to offer mobile payments for Visa commercial cards
Monday, 20 Mar 2017 10:00am EDT 

U.S. Bancorp :To offer mobile payments for Visa commercial cards.  Full Article

U.S. Bancorp reports fourth quarter and full year 2016 earnings
Wednesday, 18 Jan 2017 06:45am EST 

U.S. Bancorp : U.S. Bancorp reports fourth quarter and full year 2016 earnings . Q4 earnings per share $0.82 . Q4 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . U.S. Bancorp - net interest income on a taxable-equivalent basis in q4 of 2016 was $3,004 million, an increase of $133 million (4.6 percent) over Q4 of 2015 . U.S. Bancorp- qtrly return on average common equity 13.1 percent versus 13.7 percent last year . U.S. Bancorp- provision for credit losses for Q4 of 2016 was $342 million, which was $17 million higher than prior quarter and $37 million higher than Q4 of 2015 . U.S. Bancorp- total net charge-offs in Q4 of 2016 were $322 million, compared with $315 million in Q3 of 2016, and $305 million in Q4 of 2015 .U.S. Bancorp - estimated common equity Tier 1 capital to risk-weighted assets ratio using Basel III fully implemented standardized approach was 9.1 percent at Dec 31.  Full Article

U.S. Bancorp issued $1.35 bln principal amount of 2.375 pct notes
Friday, 22 Jul 2016 04:45pm EDT 

U.S. Bancorp :Issued $1.35 billion aggregate principal amount of its 2.375% medium-term notes, series V (senior) due July 22, 2026- SEC filing.  Full Article

U.S. Bancorp says Q2 earnings per share $0.83
Friday, 15 Jul 2016 06:45am EDT 

U.S. Bancorp: U.S. Bancorp reports record revenue and net income for the second quarter of 2016 . Q2 earnings per share $0.83 . Q2 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Qtrly return on average common equity 13.8 percent versus 14.3 percent last year . Net interest income on a taxable-equivalent basis in Q2 of 2016 was $2,896 million, an increase of $126 million . Says company's provision for credit losses for Q2 of 2016 was $327 million, which was $3 million (0.9 percent) lower than prior quarter . Says total net charge-offs in Q2 of 2016 were $317 million, compared with $315 million in Q1 of 2016 .Common equity tier 1 capital ratio was 9.5 percent at June 30, 2016, compared with 9.5 percent at March 31, 2016.  Full Article

U.S. Bancorp says Federal Reserve did not object to capital distribution plan
Wednesday, 29 Jun 2016 04:32pm EDT 

U.S. Bancorp : U.S. Bancorp receives results of comprehensive capital analysis and review; Federal Reserve did not object to company's capital distribution plan . At this quarterly dividend rate, annual dividend will be equivalent to $1.12 per common share. . Will recommend in July that its board of directors approve an increase to quarterly dividend rate beginning with q3 dividend payable in October 2016 . Board approved a four-quarter authorization to repurchase up to $2.6 billion of its outstanding stock, beginning on July 1 .Expects to recommend a Q3 dividend of $0.28 per common share, a 9.8 percent increase over current dividend rate.  Full Article

U.S. Bancorp names Terry Dolan CFO
Monday, 13 Jun 2016 11:05am EDT 

U.S. Bancorp: U.S. Bancorp appoints Terry Dolan as Chief Financial Officer; Dolan is currently Vice Chairman, Wealth Management & Securities Services . Kathy Rogers, currently Vice Chairman and Chief Financial Officer, has made decision to step down from that role . Rogers will remain with company in her previous role, as head of Stress Test Process, and be based in Cincinnati .Rogers will continue in her responsibilities as CFO through transition.  Full Article

U.S. Bancorp Announces Quarterly Dividends
Tuesday, 15 Mar 2016 01:00pm EDT 

U.S. Bancorp:declared quarterly dividend of $0.255 per common share.payable April 15, 2016, to shareholders of record at the close of business on March 31, 2016.also declared regular quarterly dividend of $884.772 per share (equivalent to $8.84772 per depositary share) on Co's Series A Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on co's Series B Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on Co's Series F Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on Co's Series G Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on Co's Series H Non-Cumulative Perpetual Preferred Stock, payable April 15, 2016, to stockholders of record at the close of business on March 31, 2016.  Full Article

U.S. Bancorp announces quarterly dividend
Tuesday, 15 Dec 2015 05:00pm EST 

U.S. Bancorp:Declared a quarterly dividend of $0.255 per common share payable on January 15, 2016, to shareholders of record date as on December 31.  Full Article

U.S. Bancorp declares quarterly dividend announces quarterly dividends
Tuesday, 15 Sep 2015 04:00pm EDT 

U.S. Bancorp:Declares quarterly dividend of $0.255 per common share.Payable Oct. 15 to shareholders of record at close of business on Sept. 30.Declares regular quarterly dividend of $894.444 per share on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock.Declares regular quarterly dividend of $223.61 per share on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $406.25 per share on U.S. Bancorp's Series F Non Cumulative Perpetual Preferred Stock.Payable Oct 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $375.00 per share on U.S. Bancorp's Series G Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.Declares regular quarterly dividend of $321.88 per share on U.S. Bancorp's Series H Non-Cumulative Perpetual Preferred Stock.Payable Oct. 15 to stockholders of record at the close of business on Sept. 30.  Full Article

U.S. Bancorp and Zions Bank sign renewable-energy tax-equity syndication
Friday, 31 Jul 2015 10:58am EDT 

U.S. Bancorp and Zions Bank:Says renewable-energy tax-equity syndication agreement that will provide financing for the Red Horse 2 wind and solar project near Tucson, Arizona, owned by an affiliate of D. E. Shaw Renewable Investments L.L.C.With this agreement, Zions Bank is co-investing with U.S. Bancorp and benefitting from U.S. Bancorp's underwriting, structuring, and ongoing asset management.Investment will help finance the installation of the 71-megawatt project about 65 miles east of Tucson.  Full Article

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BRIEF-U.S. Bancorp says to offer mobile payments for Visa commercial cards

* To offer mobile payments for Visa commercial cards Source text for Eikon: Further company coverage: