Summary
U.S. Bancorp's 2011 10-K filing highlights its position as a diversified financial services company with a broad range of lending, depository, and investment management services. The company operates through a significant network of 3,085 banking offices across the Midwest and West regions of the United States, supported by 62,529 employees. While the company operates in a highly competitive landscape, it emphasizes its ability to attract and retain talent as a key factor in its continued success. The filing also details the significant impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the company's regulatory environment. U.S. Bancorp, as a financial holding company, is subject to enhanced prudential standards, increased capital and liquidity requirements, and new consumer protection regulations. The company's robust capital position, with a consolidated total capital ratio of 13.3% and a Tier 1 capital ratio of 10.8% at year-end 2011, positions it to navigate these evolving regulatory demands. The company also provided insights into its equity compensation plans and ongoing share repurchase programs.
Financial Highlights
40 data points| Interest Expense | $2.52B |
| Net Income | $4.87B |
| EPS (Basic) | $2.47 |
| EPS (Diluted) | $2.46 |
| Shares Outstanding (Basic) | 1.91B |
| Shares Outstanding (Diluted) | 1.92B |
Key Highlights
- 1U.S. Bancorp operates as a diversified financial services company with a substantial presence, including 3,085 banking offices and 5,053 ATMs across the U.S.
- 2The company employed 62,529 people as of December 31, 2011, indicating a significant workforce.
- 3The filing extensively discusses the impact of the Dodd-Frank Act, including new regulations, enhanced prudential standards, and increased capital and liquidity requirements.
- 4U.S. Bancorp maintained strong capital ratios, with a consolidated total capital ratio of 13.3% and a Tier 1 capital ratio of 10.8% as of December 31, 2011.
- 5The company's leverage ratio was 9.1% at December 31, 2011.
- 6U.S. Bancorp's banking subsidiaries, U.S. Bank National Association and U.S. Bank National Association ND, received 'outstanding' and 'satisfactory' CRA ratings, respectively.
- 7The company had an active share repurchase program in place during the fourth quarter of 2011, repurchasing 5,773,065 shares.