10-QPeriod: Q1 FY2000

US BANCORP \DE\ Quarterly Report for Q1 Ended Mar 31, 2000

Filed May 12, 2000For Securities:USBUSB-PHUSB-PPUSB-PRUSB-PQUSB-PSUSB-PA

Summary

US Bancorp (USB) filed its quarterly report for the period ending March 30, 2000. As this filing precedes the full consolidation of its merger with Firstar Corporation (which closed in October 2000), the report primarily reflects the performance of US Bancorp as it existed prior to the transformative merger. Investors should note that the financial data presented here represents a snapshot of the company before a significant change in its scale and operational footprint. Key financial metrics, such as net income, revenue, and balance sheet items, should be viewed with the understanding that they do not yet incorporate the full impact of the Firstar merger, which would substantially alter the company's future financial profile. While specific financial details are not provided in the extracted text, investors are encouraged to consult the full 10-Q filing for comprehensive data on earnings, assets, liabilities, and cash flows. The report will provide insights into the operational performance and financial health of US Bancorp in the period leading up to its major strategic consolidation. Understanding this pre-merger context is crucial for assessing the company's historical performance and for anticipating the future trajectory of the newly combined entity.

Key Highlights

  • 1The filing is a 10-Q report for US Bancorp (USB) for the period ending March 30, 2000, filed on May 11, 2000.
  • 2This report covers the financial performance of US Bancorp prior to its significant merger with Firstar Corporation, which closed in October 2000.
  • 3Investors should analyze this data with the understanding that it does not reflect the combined entity's financial scale or operational synergies.
  • 4The provided text is a directory listing from the SEC EDGAR system, not the detailed financial statements themselves.
  • 5To gain a full understanding of USB's financial position, investors must review the complete 10-Q document, including financial statements and management's discussion and analysis.
  • 6The information pertains to a specific historical period, and forward-looking analysis should consider subsequent events and the impact of the Firstar merger.

Frequently Asked Questions

This filing represents US Bancorp's financial performance for the quarter ending March 30, 2000. Crucially, it precedes the major merger with Firstar Corporation (which closed in October 2000). Therefore, investors should view this data as a pre-merger snapshot, understanding that the company's scale, assets, and liabilities were significantly smaller than they would become post-merger. This context is vital for historical analysis and for understanding the baseline before a transformative event.

No, this 10-Q filing is for the period ending March 30, 2000, and the merger with Firstar Corporation was completed in October 2000. The financial results presented in this document will only reflect US Bancorp as it existed prior to the merger and will not include the consolidated operations or financial impact of Firstar Corporation.

The provided text is a directory listing from the SEC EDGAR system and does not contain the full financial statements or Management's Discussion and Analysis (MD&A). To access the detailed financial data, including balance sheets, income statements, cash flow statements, and management's commentary, investors need to access the complete 10-Q document through the SEC's EDGAR database or a financial data provider.

Investors should focus on the core operational performance of US Bancorp prior to the Firstar merger. This includes analyzing trends in net interest income, non-interest income, operating expenses, asset quality (loan loss provisions, non-performing assets), and capital adequacy ratios. Understanding these metrics will provide insight into the company's standalone profitability and risk management capabilities before the significant integration and scaling that followed the merger.