U.S. Bancorp Updates Schedule for Earnings Conference Calls

Rhea-AI Summary

U.S. Bancorp (NYSE: USB) has successfully acquired MUFG Union Bank's core regional banking franchise, marking a significant expansion in its operations. The company updated its quarterly conference call schedule for 2023, with calls set for January 25 at 8 a.m. CT for Q4 2022, and subsequent calls on April 25, July 25, and ongoing updates for Q3 and Q4 2023. As of September 30, 2022, U.S. Bancorp reported assets of $601 billion and is recognized for its ethical practices and customer service.

Positive

• Successful acquisition of MUFG Union Bank's core regional banking franchise.
• Strong asset base of $601 billion as of September 30, 2022.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) announced today that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise. Subsequently, U.S. Bancorp has updated its schedule of conference calls to review quarterly financial results. Calls will now be held on the following dates:

• Fourth Quarter 2022 – Wednesday, January 25, 2023, at 8 a.m. CT
• First Quarter 2023 – Tuesday, April 25, 2023, at 8 a.m. CT
• Second Quarter 2023 – Tuesday, July 25, 2023, at 8 a.m. CT

The following previously announced dates remain unchanged:

• 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 70,000 employees and $601 billion in assets as of September 30, 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 2022 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/20221201005948/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 is the significance of U.S. Bancorp's acquisition of MUFG Union Bank?

The acquisition enhances U.S. Bancorp's market presence and expands its regional banking operations.

When will U.S. Bancorp announce its Q4 2022 earnings?

U.S. Bancorp will announce its Q4 2022 earnings on January 25, 2023, at 8 a.m. CT.

What are the scheduled conference call dates for U.S. Bancorp in 2023?

The conference calls are scheduled for January 25, April 25, and July 25, 2023, at 8 a.m. CT.

How much in assets does U.S. Bancorp have as of September 30, 2022?

U.S. Bancorp reported assets of $601 billion as of September 30, 2022.