U.S. Bancorp Updates Schedule for Earnings Conference Calls

Rhea-AI Summary

U.S. Bancorp (NYSE: USB) has updated its conference call schedule for quarterly financial results, accelerating the earnings release dates for 1Q and 2Q 2023. This adjustment follows the successful integration of MUFG Union Bank, acquired on December 1, 2022. The new earnings call dates are April 19, July 19, October 18, and January 17, 2024, all aligned with the pre-acquisition timeline. As of December 31, 2022, U.S. Bancorp had approximately 77,000 employees and $675 billion in assets, providing a diversified range of banking services.

Positive

• Successful integration of MUFG Union Bank indicated by updated earnings call schedule.
• Earnings release dates moved up to align with pre-acquisition timeline.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) announced today an update to its schedule of conference calls to review quarterly financial results.

The integration of MUFG Union Bank, acquired on December 1, 2022, is progressing well. As a result, U.S. Bank is moving up its scheduled 1Q and 2Q earnings release dates to align with its pre-acquisition timeline.

Calls will now be held on the following dates:

• First Quarter 2023 – Wednesday, April 19, at 9 a.m. CT

• Second Quarter 2023 – Wednesday, July 19, at 9 a.m. CT

• Third Quarter 2023 – Wednesday, October 18, 2023, at 7 a.m. CT

• Fourth Quarter 2023 – Wednesday, January 17, 2024, at 7 a.m. CT

U.S. Bancorp will issue a detailed announcement prior to each quarter’s close confirming the date and time of the earnings release and conference call for that quarter.

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. 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/20230330005729/en/

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

george.andersen@usbank.com, 612.303.3620, @usbank_news

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

jeffrey.shelman@usbank.com, 612.422.1423, @usbank_news

Source: U.S. Bancorp

FAQ

What are the new earnings release dates for U.S. Bancorp (USB)?

The new earnings release dates are April 19, July 19, October 18, and January 17, 2024.

When was MUFG Union Bank acquired by U.S. Bancorp?

MUFG Union Bank was acquired by U.S. Bancorp on December 1, 2022.

How many employees does U.S. Bancorp (USB) have?

U.S. Bancorp has approximately 77,000 employees.

What are the total assets of U.S. Bancorp (USB)?

As of December 31, 2022, U.S. Bancorp had total assets of $675 billion.