U.S. Bancorp
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Gunjan Kedia
- Full Time Employees
- 70,000
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Address
- 800 Nicollet Mall Minneapolis MN United States of America 55402
- IPO Date
- May 3, 1973
- CIK
- 0000036104
- Website
- usbank.com
- Similar Companies
- Business
- U.S. Bancorp operates as a diversified financial services holding company and parent of U.S. Bank National Association, providing banking, investment, mortgage, trust, payment services, lending, depository services, cash management, foreign exchange, credit card services, brokerage, leasing, and insurance products to individuals, businesses, governmental entities, and other financial institutions; its core segments include Consumer and Business Banking with branch banking, small business banking, consumer lending, mortgage banking, and omnichannel delivery; Payment Services; and Wealth, Corporate, Commercial, and Institutional Banking encompassing corporate banking, commercial banking, commercial real estate, global fund services, and markets. The company, which traces its origins to 1863 under one of the oldest active national bank charters, maintains headquarters in Minneapolis, Minnesota, and conducts operations across the United States with a strong presence in the Midwest and West, including significant branch networks in California following past expansions; it ranks as the fifth-largest bank in the U.S. with over $660 billion in assets and more than 70,000 employees. In recent developments, U.S. Bancorp completed the 2022 acquisition of MUFG Union Bank's core regional banking franchise, realizing $900 million in cost synergies by 2023 and bolstering its West Coast footprint; it acquired Salucro Healthcare Solutions in 2024 to deepen healthcare industry services; formed a strategic partnership with Edward Jones for integrated banking and credit card offerings; launched the U.S. Bank Split Card; established a new Digital Assets and Money Movement organization in October 2025 to advance blockchain, tokenization, stablecoin issuance, and digital custody services; and announced a new share repurchase program set to commence in early 2025. Gunjan Kedia serves as CEO, leading a Managing Committee overseeing core lines and functional areas like risk management and digital strategy, with the company recognized for ethical practices and digital capabilities.
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