Welcome to our dedicated page for U.S. Bancorp news (Ticker: USB), a resource for investors and traders seeking the latest updates and insights on U.S. Bancorp stock.
U.S. Bancorp (symbol: USB) is a diversified financial services provider and one of the largest regional banks in the United States. With a strong presence in 26 states, primarily in the Western and Midwestern U.S., U.S. Bancorp offers a comprehensive range of banking services. These include retail banking, commercial banking, trust and wealth management services, credit cards, mortgages, and various payment solutions.
A commitment to putting people first and making ethical decisions is at the heart of U.S. Bancorp's operations, earning recognition as one of the World's Most Ethical Companies by Ethisphere in 2017. With over 4,800 ATMs and 3,088 branch locations, along with 24-hour phone support and advanced mobile and online banking platforms, U.S. Bancorp ensures convenient access to accounts and financial services for their customers.
In recent developments, U.S. Bancorp has been involved in significant community projects. One notable achievement is the financing of a substantial affordable housing and commercial space project in Los Angeles' Little Tokyo. This development will offer 248 units of affordable housing and 40,000 square feet of commercial space dedicated to minority-owned businesses. Additionally, U.S. Bancorp has supported this community with $466,000 through charitable giving since 2009.
U.S. Bancorp also celebrates its employees' achievements and contributions. During Women's History Month, they highlighted trailblazing women within the organization, such as Jody Clark, Senior Vice President in the IAS Division, who has significantly contributed to the growth and development of the bank’s investment advisory services.
Another initiative by U.S. Bancorp is the Access Home program, which trains bilingual employees to become mortgage loan officers, helping to serve underbanked communities, particularly the Hispanic community. This initiative is part of the broader U.S. Bank Access Commitment® aimed at closing the wealth gap for underserved communities.
Financial stability and community support remain central to U.S. Bancorp's mission, making it a reliable partner for both personal and business banking needs. Equal housing lender and member of FDIC, U.S. Bancorp continues to uphold its ethical standards while driving financial and social progress.
U.S. Bancorp (NYSE: USB) has rescheduled its earnings conference calls for 2021 to better align with peer institutions. The new times are: Q1 on April 15, 2021, at 10 a.m. CT; Q2 remains unchanged on July 15, 2021, at 8 a.m. CT; Q3 on October 14, 2021, at 7 a.m. CT, and Q4 on January 19, 2022, at 8 a.m. CT. Detailed announcements will precede each quarterly earnings release. U.S. Bancorp, the fifth-largest commercial bank in the U.S., has nearly 70,000 employees and $554 billion in assets.
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.42 per common share, payable April 15, 2021, to shareholders on record as of March 31, 2021. This results in an annual dividend of $1.68 per common share. Additionally, dividends declared for various non-cumulative perpetual preferred stocks include amounts ranging from $202.778 to $875.000 per share, all payable on the same date to eligible shareholders.
U.S. Bank National Association announced the redemption of all outstanding 3.15% Senior Notes and Floating Rate Senior Notes on March 26, 2021. Each note will be redeemed at $1,000 per $1,000 principal, plus accrued interest, excluding the redemption date. Payments will be processed through The Depository Trust Company. As of December 31, 2020, U.S. Bancorp had nearly 70,000 employees and $554 billion in assets, making it the fifth-largest commercial bank in the U.S. The bank is known for its commitment to ethical practices and climate action.
U.S. Bancorp (NYSE: USB) will announce its Q1 2021 earnings results before market open on April 15, 2021. A conference call hosted by CEO Andy Cecere and CFO Terry Dolan will follow at 9 a.m. CT to discuss the financial performance. Investors can access the call online via U.S. Bancorp's website or by phone using provided numbers. The company, with $554 billion in assets as of year-end 2020, continues to be recognized for its ethical practices and climate action.
U.S. Bank has entered into a multi-year sponsorship agreement with professional golfer Collin Morikawa, winner of the 2020 PGA Championship. Morikawa, currently ranked 4th in the Official World Golf Rankings, will feature U.S. Bank branding on his golf bag. The partnership includes the production of marketing campaigns across various media platforms. Morikawa has achieved four PGA TOUR titles, the most by any player under 25. U.S. Bank aims to align its brand with Morikawa's success and community-driven initiatives.
U.S. Bancorp will redeem all outstanding Series I Non-Cumulative Perpetual Preferred Stock on April 15, 2021, at a price of $25,000 per share. Holders will also receive a separate payment for the regular quarterly dividend for the period ending April 15, 2021. The redemption will occur through The Depository Trust Company, and all rights related to the stock will cease upon completion. This announcement does not serve as a formal notice of redemption, which is detailed in the certificate of designations.
U.S. Bancorp serves as a significant player in the banking industry with $554 billion in assets.
U.S. Bancorp (NYSE: USB) will have Vice Chair and CFO Terry Dolan and Vice Chair of Technology and Operations Services Jeff von Gillern present at the RBC Capital Markets Conference.
The virtual presentation is scheduled for 2 p.m. ET on Wednesday, March 10.
A live webcast will be available on the U.S. Bank Investor Relations website, with a replay following the event.
As of December 31, 2020, U.S. Bancorp has nearly 70,000 employees and assets totaling $554 billion, making it the fifth-largest commercial bank in the U.S.
U.S. Bank launched its Access Commitment initiative aimed at enhancing wealth-building opportunities in diverse communities. This effort includes a $25 million microbusiness fund for women of color, a mortgage program to promote homeownership, and improved career opportunities for diverse employees. Building on a prior $116 million investment, the initiative targets systemic change by providing access to capital and financial education to address the racial wealth gap, particularly within the Black community.
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