U.S. Bancorp - USB STOCK NEWS

U.S. Bank has enhanced its credit card rewards, allowing cardmembers to earn up to 4x points or 4% cash back on electric vehicle (EV) charging transactions, aligning them with gas purchases. This update applies to both business and consumer credit cards. With around 45,000 public EV charging stations in the U.S., the bank aims to meet evolving customer needs as fueling options diversify. The U.S. Bank Altitude Connect® Visa Signature® Card exemplifies this new benefit, offering equal rewards for gas and EV charging.

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.46 per common share, payable on January 18, 2022 to stockholders of record on December 31, 2021. This results in an annual dividend of $1.84. Additional dividends were declared on various Series Non-Cumulative Perpetual Preferred Stocks, with values ranging from $0.223611 to $8.944440 per share, also payable January 18, 2022. U.S. Bancorp, with nearly 70,000 employees and $567 billion in assets, continues to serve millions through various banking services.

U.S. Bancorp (NYSE: USB) will announce its fourth quarter 2021 earnings before markets open on January 19, 2022. CEO Andy Cecere and CFO Terry Dolan will discuss the results in a conference call at 8 a.m. CT, accessible via the company's website or by phone. A replay will be available starting at 11 a.m. CT on the same day until January 26, 2022. As of September 30, 2021, U.S. Bancorp reported $567 billion in assets and was recognized for its ethical practices and customer service, being named a 2021 World's Most Ethical Company.

U.S. Bancorp announced the redemption of all outstanding Series F Non-Cumulative Perpetual Preferred Stock on January 15, 2022. The Series F Preferred Stock will be redeemed at a price of $25,000 per share, with the redemption price excluding any quarterly dividends that may be declared. Dividends will stop accruing on the redemption date, and the Series F Depositary Shares will be delisted from the NYSE. The redemption will be managed by U.S. Bank National Association, the designated agent.

U.S. Bancorp announced the redemption of all outstanding 2.625% and Floating Rate Medium-Term Notes, Series V, due January 24, 2022, on December 23, 2021. The redemption price for each note will be $1,000 plus any accrued interest. Additionally, it will redeem all 1.80% Callable Senior Notes and Floating Rate Callable Senior Notes, due January 21, 2022, on December 21, 2021. Payments will be processed through The Depository Trust Company.

U.S. Bancorp, with $567 billion in assets, is recognized for its digital innovation and customer service.

U.S. Bank has finalized the acquisition of PFM Asset Management, expanding its capabilities in institutional asset management. The deal, first announced on July 8, adds over 250 employees from PFMAM to U.S. Bancorp Asset Management, which now oversees more than $407 billion in combined investment assets. PFMAM is recognized for its strong presence in the public sector, offering specialized investment services. The partnership aims to leverage U.S. Bank's financial strength and technology, enhancing service offerings to clients.

U.S. Bancorp (NYSE: USB) will have its Chairman, President and CEO Andy Cecere, along with Vice Chair and CFO Terry Dolan, present at the Goldman Sachs U.S. Financial Services Conference on December 8 at 10:40 a.m. ET in New York. A live webcast of the event will be available on U.S. Bank's Investor Relations website, where a replay will also be accessible afterward. U.S. Bancorp, based in Minneapolis, has nearly 70,000 employees and assets totaling $567 billion as of September 30, 2021, serving millions through diverse financial services.

U.S. Bancorp has announced the redemption of all outstanding 8.875% Series B Non-Cumulative Exchangeable Preferred Shares of its subsidiary, Firstar Realty, L.L.C., on December 31, 2021. The redemption price for each share will equal $1,000, plus accrued unpaid dividends until the redemption date. Shareholders should contact their brokers for details on the redemption process. This press release does not constitute a formal notice of redemption and is qualified by the official redemption notice.

U.S. Bancorp has announced its agreement to acquire TravelBank, a fintech company focused on expense and travel management solutions. This strategic move aims to enhance U.S. Bank's digital payment capabilities, automate expense processes, and expand its client base. Signed on November 14, 2021, the deal's financial details were not disclosed, but it's expected to close in Q4 2021. U.S. Bank emphasizes increased control and convenience for businesses, leveraging TravelBank’s technology to streamline operations and improve efficiencies.