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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)

Jamie Walker to lead U.S. Bancorp subsidiary, Elavon as CEO
Thursday, 16 Mar 2017 12:00pm EDT 

Elavon Inc: Jamie Walker to lead U.S. Bancorp subsidiary, Elavon Inc as CEO .Walker is transitioning to ceo from his current role as chief administrative officer for U.S. Bank's payment services division.  Full Article

U.S. Bancorp says Andy Cecere to succeed Richard Davis as CEO on April 18, 2017
Tuesday, 17 Jan 2017 12:45pm EST 

U.S. Bancorp : Andy Cecere to succeed Richard Davis as U.S. Bancorp Chief Executive Officer at April annual meeting; Davis to continue as Executive Chairman of the Board .Cecere, currently co's President and Chief Operating Officer, will succeed Richard Davis as CEO on April 18, 2017.  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

BRIEF-U.S. Bancorp announces 7.1 pct increase in qtrly common stock dividends

* U.S. Bancorp announces a 7.1 percent increase in quarterly common stock dividends