US Bancorp (USB) company profile
Close on Nov 13, 2026Market cap $95.03BP/E 11.9Yield 3.34%
About US Bancorp
National Commercial Banks, SIC 6021
U.S. Bancorp is a financial services holding company that provides banking, lending, and investment services through its subsidiary, U.S. Bank National Association, and non-banking units. The organization manages four core operating segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. Through these business segments, the institution offers depository accounts, consumer and commercial lending, treasury cash management, capital markets, payment processing, insurance, brokerage, and corporate trust services. These solutions serve individual consumers, small enterprises, corporate clients, institutional entities, and governmental bodies.
Headquartered in Minneapolis, Minnesota, the firm operates predominantly within domestic markets across the Midwest and West regions. As of December 31, 2025, U.S. Bancorp maintained 2,075 branches across 26 states, 4,428 ATMs, more than 20 corporate hub locations, and employed 68,520 personnel globally. In addition to its domestic presence, the company maintains limited international operations, providing merchant processing services in Canada and parts of Europe, as well as European corporate trust and fund administration.
Summary of the business section of US Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- US Bancorp
- Founded
- 1850
- Headquarters
- Minneapolis, MN
- Address
- U.S. Bancorp, 200 S. Sixth St. 55402
- Phone
- (651) 466-3000
- Website
- www.usbank.com
- Employees
- 68,520, Dec 31, 2025
- Industry
- National Commercial Banks
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- USB
- Other tickers
- USB.PA, USB.PH, USB.PP, USB.PQ, USB.PR, USB.PS
- Exchange
- NYSE
- Shares outstanding
- 1.56B, Jul 31, 2026
- Public float
- $70.50B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-1, Apr 16, 1999; 3-for-1, Jan 16, 1997; 2-for-1, Apr 17, 1989; 2-for-1, Apr 16, 1985; 5-for-4, Feb 22, 1979
- SEC CIK
- 36104
- CUSIP
- 902973304
- ISIN
- US9029733048
- FIGI
- BBG000FFDM15
- Share class FIGI
- BBG001S6T8C1
- LEI
- N1GZ7BBF3NP8GI976H15
- EIN
- 41-0255900
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gunjan Kedia | President & CEO, Director | 453,529 |
| Troy William Remington | EVP and Interim CRO | 30,754 |
| James L. Chosy | Senior EVP and General Counsel | 252,684 |
| Stephen L. Philipson | Vice Chair | 75,478 |
| Venkatachari Dilip | SEVP & Chief Info & Tech Off | 51,292 |
| Jodi L. Richard | Vice Chair | 207,251 |
| Souheil Badran | SEVP, Chief Operations Officer | 100,798 |
| John C. Stern | Vice Chair and CFO | 107,485 |
| Arijit Roy | Sr. Exec. VP | 47,412 |
| Mark G. Runkel | Vice Chair | 121,237 |
| Courtney Kelso | Sr. Exec. VP | 25,354 |
| Lisa R. Stark | EVP and Controller | 54,391 |
| Elcio R.T. Barcelos | Senior EVP, Chief HR Officer | 119,922 |
| Terrance R. Dolan | Vice Chair | 251,625 |
| Roland A. Hernandez | Director | – |
| John Wiehoff | Director | – |
| Warner L. Baxter | Director | – |
| Richard P. McKenney | Director | 20,000 |
| Elizabeth Buse | Director | – |
| Alan B. Colberg | Director | 10,050 |
| Yusuf I. Mehdi | Director | – |
| Dorothy J. Bridges | Director | – |
| Aleem Gillani | Director | 15,000 |
| Kimberly N. Ellison-Taylor | Director | – |
| Loretta E. Reynolds | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Andrew Cecere | $19.05M | $21.25M | $6.57M | $142 | $196 |
| FY2025 Gunjan Kedia | $16.67M | $21.43M | $6.57M | $142 | $196 |
| FY2024 | $19.34M | $22.93M | $7.71M | $122 | $148 |
| FY2023 | $22.92M | $19.24M | $5.57M | $105 | $108 |
| FY2022 | $16.16M | $14.22M | $5.86M | $101 | $109 |
| FY2021 | $19.17M | $21.66M | $5.81M | $124 | $138 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Gunjan Kedia Chief Executive Officer and President | $1.14M | $11.50M | $3.23M | $800.59K | $16.67M | +64% |
| Andrew Cecere Executive Chairman and former Chief Executive Officer | $1.40M | $11.00M | $1.51M | $5.15M | $19.05M | -1% |
| John C. Stern Vice Chair and Chief Financial Officer | $750.00K | $3.00M | $1.78M | $237.39K | $5.77M | +17% |
| Jodi L. Richard Vice Chair and Chief Risk Officer | $800.00K | $7.00M | $1.90M | $307.09K | $10.00M | – |
| Stephen L. Philipson Vice Chair, Head of Wealth, Corporate, Commercial and Institutional Banking | $725.00K | $3.30M | $1.71M | $361.50K | $6.09M | – |
| Elcio R.T. Barcelos Senior Executive Vice President and Chief Human Resources Officer | $675.00K | $2.90M | $1.28M | $182.56K | $5.04M | – |
| Terrance R. Dolan Former Vice Chair and Chief Administration Officer | $196.72K | $5.20M | – | $568.40K | $5.97M | -31% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company employed a total of 68,520 employees globally.”
Corporate history
Events identified from SEC filings
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