U.S. Bancorp Reports First Quarter 2023 Results

Rhea-AI Summary

U.S. Bancorp, listed as USB, released its first quarter 2023 financial results today, revealing significant insights into its operations. The company, with approximately 77,000 employees and $675 billion in assets as of December 31, 2022, operates various business lines including Consumer and Business Banking, Payment Services, Corporate & Commercial Banking, and Wealth Management. The complete earnings release, business schedules, and slide presentation are accessible online. Additionally, a conference call is scheduled for discussion of the results at 9 a.m. Central Time. The company has received accolades for its commitment to digital innovation and customer service, being recognized as one of the 2023 World’s Most Ethical Companies.

Positive

• U.S. Bancorp's assets total approximately $675 billion.
• Company recognized as one of the 2023 World’s Most Ethical Companies.
• Diverse business operations including Consumer Banking, Payment Services, Wealth Management, etc.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp reported its first quarter 2023 results today. The earnings release, business line schedules and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

At 9 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Vice Chair and Chief Financial Officer Terry Dolan will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp’s website at usbank.com and click on “About Us,” “Investor Relations” and “Webcasts & Presentations.” To access the conference call from locations within the United States and Canada, please dial 877-692-8955. Participants calling from outside the United States and Canada, please dial 234-720-6979. The access code for all participants is 6030554.

About U.S. Bank

U.S. Bancorp, with approximately 77,000 employees and $675 billion in assets as of December 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. Union bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2023 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230419005200/en/

Investor contact: George Andersen, U.S. Bancorp Investor Relations

george.andersen@usbank.com, 612.303.3620

Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications

Jeffrey.shelman@usbank.com, 612.303.9933, @usbank_news

Source: U.S. Bancorp

FAQ

What are the financial results of U.S. Bancorp for Q1 2023?

U.S. Bancorp has reported its Q1 2023 results, details are available in the earnings release.

What is the significance of U.S. Bancorp's total assets?

U.S. Bancorp's total assets of $675 billion reflect its substantial market presence and operational scale.

When is U.S. Bancorp's conference call discussing the Q1 2023 results?

The conference call is scheduled for 9 a.m. Central Time.

Where can I find more information about U.S. Bancorp's financial performance?

More information can be found on U.S. Bancorp's investor relations website.

What accolades has U.S. Bancorp received recently?

U.S. Bancorp was recognized as one of the 2023 World’s Most Ethical Companies.