U.S. Bancorp plans to issue 24 million shares of common stock to an affiliate of Mitsubishi UFJ Financial Group (MUFG) for a purchase price of $936 million. U.S. Bancorp will use proceeds of the transaction to satisfy a portion of its previously announced repayment obligation to MUFG. read more
AUG 3, 2023 - 6:52 am
U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022. read more
SEP 19, 2022 - 7:50 am
As the U.S. regulatory approval process continues, the closing of the sale of MUFG Union Bank to U.S. Bancorp has been shifted to the second half of 2022, subject to the receipt of required regulatory approvals and the satisfaction of other closing conditions. read more
MAY 16, 2022 - 7:24 am
U.S. Bancorp entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group. Under the terms of the agreement, U.S. Bancorp will purchase MUFG Union Bank for approximately $8 billion. read more
SEP 22, 2021 - 6:31 am
U.S. Bancorp named Luke Wippler corporate treasurer, effective May 17. Wippler will succeed John Stern, who was appointed president of the company’s global corporate trust and custody (GCTC) business last month. read more
MAY 13, 2021 - 6:33 am
U.S. Bancorp reported record Q3 net revenue, earnings and EPS and noted performance was driven by “strong underlying momentum” in each business line. read more
OCT 18, 2018 - 7:15 am
U.S. Bancorp reported Q1/18 net income of $1,675 million was up 13.7% from the same quarter a year earlier. Average lease financing loans of $5,532 million at the end of Q1/18 were up from $5,455 million a year earlier. read more
APR 19, 2018 - 6:45 am
U.S. Bancorp reported record full-year and Q4/17 earnings of $6.22 billion and $1.68 billion, respectively, were aided by $910 million from tax reform legislation. read more
JAN 18, 2018 - 6:20 am
U.S. Bancorp reported Q3/17 record net income of $1,563 million was up from $1,502 million in Q3/16. Revenue was a record $5,608 million, up 4.1% from $5,388 million a year earlier. read more
OCT 18, 2017 - 7:14 am
U.S. Bancorp reported Q2/17 net income was 1.4% lower compared to the same quarter in 2016 despite record revenue. Lease financing average loans of $5.6 billion were up 6.1% from $5.3 billion a year earlier. read more
JUL 20, 2017 - 6:11 am
U.S. Bancorp reported Q1/17 net income of $1,473 million was up 6.3% from the same quarter in 2016. Average lease financing loans of $5.46 billion in Q1/17 were up 4.1% from $5.24 billion in Q1/16. read more
APR 21, 2017 - 7:24 am
U.S. Bancorp reported record net income of $5,888 million for the full year 2016. Total net revenue of $21.3 billion was up almost 5% from $20.3 billion a year earlier. read more
JAN 19, 2017 - 6:56 am
Andy Cecere, currently president and chief operating officer, will succeed Richard Davis as CEO of U.S. Bancorp on April 18, 2017, the date of the bank’s annual meeting of shareholders. read more
JAN 18, 2017 - 6:33 am
U.S. Bancorp reported Q3/16 net revenue was up $242 million or 4.7% from the same quarter a year earlier. read more
OCT 20, 2016 - 7:12 am
U.S. Bancorp reported record Q2/16 net income of $1,522 million compared with $1,483 million a year earlier. Revenue was a record $5.45 billion, up 8.1% from $5.0 billion a year earlier. read more
JUL 18, 2016 - 7:27 am