2024-02-22 13:45:05 ET
U.S. Bancorp (USB)
Bank of America 2024 Financial Service Conference
February 22, 2024 8:50 AM ET
Company Participants
Tim Welsh – Vice Chair, Consumer and Business Banking
John Stern – Chief Financial Officer
Conference Call Participants
Ebrahim Poonawala – Bank of America Securities
Presentation
Ebrahim Poonawala
Let me go ahead and get started. So for our first presentation on the 3rd Day of our Financials – 3rd and last day of our Financials Conference, we have next up U.S. Bancorp. From USB, we have Tim Welsh, Vice Chair and the Head of the Consumer Business. The consumer business is one of three businesses, at USB commercial and payments, the other two. We also have joining us John Stern, CFO. So thank you both for joining us.
And I believe management has some prepared remarks and a few slides that they'd like to go through. So I'm going to hand it over to Tim and John. Thank you.
Tim Welsh
Perfect. Thank you. Thanks so much, Ebrahim. Great to be with all of you. We really appreciate the opportunity to talk to all of you today. Want to just provide – first of all, note that some of the statements that we will be making are – may be few – forward-looking subject to risk and uncertainty. If you have any questions about that, you can see our safe harbor provisions here.
Just wanted to give you a little bit of an overview of U.S. Bank to ground you in sort of who we are. You can think about us in a couple of different ways. You can think about us, first of all, as where we have our branch network. It's regional, it's in 26 states, about 2,300 branches and you see the map there approximating where those branches are. Many of our businesses, including many of our consumer businesses, are national. So you think about a mortgage business, cards, wealth management, and certainly our commercial businesses are national in scope. And some of our businesses, including investment services and payment services, are also in Europe. So you can think about us having lots of different ways of serving clients in many different parts of the world and certainly all across the U.S....
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U.S. Bancorp (USB) Bank of America 2024 Financial Service Conference - Transcript