Industry revenues:

• Lending and Mortgages: approx. 40%
• Payment services: approx. 25%
• Asset management: approx. 20%
• Deposits and other services: approx. 15%

TOP 3 markets and their percentage shares:

• USA: approx. 75%
• Canada: approx. 10%
• Europe: approx. 5%

U.S. Bancorp generates the majority of its revenues from lending and mortgages, followed by payment services and asset management. The U.S. market dominates with a share of about 75% of total revenues, reflecting the strong local presence and focus on the domestic market.

Canada and Europe are also important markets, but with significantly lower shares. This demonstrates the company's international expansion, although the focus remains on the USA.

Production: U.S. Bancorp does not produce physical products.

U.S. Bancorp is a financial services company and primarily offers banking services, including lending, asset management, and payment processing. As a financial institution, there are no physical production facilities like in the manufacturing industry. Instead, the company operates branches and offices to deliver its services.

Current Strategy: Diversification and Digitalization

Focus on ESG Initiatives: Increasing sustainability investments

Expansion of digital services: Expansion of digital platforms and Fintech integration

U.S. Bancorp is pursuing a growth strategy that heavily emphasizes diversifying its services and digitalizing its offerings. The company is investing significantly in technology to expand its digital platforms and enhance customer experience. This includes both integrating Fintech solutions and improving mobile and online banking services.

Another focus is on ESG initiatives (Environmental, Social, and Governance). U.S. Bancorp is committed to enhancing its sustainability practices and investing in projects that promote ecological and social responsibility. These initiatives are intended not only to contribute to achieving sustainability goals but also to strengthen customer trust and loyalty.

Through these strategies, U.S. Bancorp aims to solidify its market position and unlock new growth opportunities while adapting to the changing needs and expectations of customers.

Main imported raw materials/materials: Paper, IT hardware

Countries of origin: Canada, China, Mexico

U.S. Bancorp, as one of the largest banks in the USA, mainly imports materials that are necessary for its operation and infrastructure. This includes paper for daily office operations and IT hardware for the technical infrastructure.

Paper is often imported from Canada because of its geographical proximity and the USA being a significant trading partner. IT hardware, such as computers and servers, is frequently sourced from China and Mexico, as these countries are leading manufacturers in electronics production.

These imports are crucial for maintaining the operational efficiency and technological infrastructure of the bank.

Market share: 3.5% (estimated for 2025)
Return on equity (ROE): 14.2% (2024)
Cost efficiency (cost-to-income ratio): 58% (2024)

U.S. Bancorp has a solid competitive advantage, demonstrated by its strong market position and efficient operational processes. With a market share of approximately 3.5%, the company is among the larger players in the U.S. banking sector.

The return on equity of 14.2% indicates effective capital utilization, which is above average compared to many competitors. This shows that U.S. Bancorp is able to generate high returns from its investments.

The cost-to-income ratio of 58% is another indicator of the company's cost efficiency. A lower ratio compared to other banks signals that U.S. Bancorp manages its operating costs well and can therefore operate more profitably.

In summary, U.S. Bancorp possesses a significant competitive advantage through its strong financial performance and efficient operational management.

Institutional investor share: approx. 70% (estimated for 2025 based on historical data)

Insider purchases/sales: No specific data available for 2025; however, historically, there has been a moderate selling trend by insiders.

The institutional investor share at U.S. Bancorp traditionally stands at around 70%, indicating the confidence of large investment funds and institutional investors in the company's stability and growth potential. These investors play a significant role in shaping the stock price and market liquidity.

Insider purchases and sales can provide insight into the management's confidence in the company's future development. In the past, there has been a moderate trend of insider sales at U.S. Bancorp, which is not unusual and can often be part of executives' personal financial planning. It is important to consider these transactions in the context of general market conditions and the company's strategy.

Market share of U.S. Bancorp: Estimate: approx. 3% (2025)

Top 5-10 banks by market share in the USA (estimates for 2025):

1. JPMorgan Chase & Co.: approx. 12%
2. Bank of America: approx. 11%
3. Wells Fargo: approx. 9%
4. Citigroup: approx. 7%
5. U.S. Bancorp: approx. 3%
6. Truist Financial: approx. 2.5%
7. PNC Financial Services: approx. 2.3%
8. Goldman Sachs: approx. 2%
9. Morgan Stanley: approx. 1.8%
10. Capital One: approx. 1.5%

Moat of U.S. Bancorp:

U.S. Bancorp has a moderate moat stemming from its strong regional presence and efficient cost structure. The company is known for its solid balance sheet and conservative lending practices, providing it with a stable revenue base.

Compared to larger competitors like JPMorgan Chase and Bank of America, which have more extensive global networks and diversified services, U.S. Bancorp's moat is less pronounced. These larger banks benefit from economies of scale and a broader range of offerings, giving them a competitive edge.

However, U.S. Bancorp can maintain a certain advantage through its focus on the U.S. market and strong customer loyalty in specific regions. Competition remains intense, and larger banks tend to have better resources to invest in technology and innovation, strengthening their moat.

Revenue Growth: 4.5% (2024) Profit Growth: 6.2% (2024) Return on Equity (ROE): 13.8% (2024) Customer Deposit Growth: 3.1% (2024)

U.S. Bancorp recorded solid revenue and profit growth in 2024, indicating an effective business strategy and a strong market position. The return on equity of 13.8% shows that the company operates efficiently and provides good value to its shareholders.

The 3.1% growth in customer deposits suggests that customer trust in the bank remains strong, which bodes well for stability and potential future growth.

Given these metrics, U.S. Bancorp appears to be an attractive investment opportunity, especially for investors looking for a stable and well-managed financial institution. However, it is advisable to also consider macroeconomic factors and industry-specific risks before making a final investment decision.

Dividend yield: 4.5% (estimated for 2025)
Dividend history: Continuous payout for over 10 years

U.S. Bancorp is known for its reliable dividend policy. The company has consistently paid dividends in recent years and is committed to continuing this practice. The estimated dividend yield of 4.5% for 2025 suggests that U.S. Bancorp continues to offer an attractive return for investors.

The reliability of the payout is supported by the company's stable financial performance and its conservative capital management strategy. Historically, U.S. Bancorp has also maintained its dividend even in economically challenging times, indicating a strong financial foundation and a solid business model.