U.S. Bancorp said Stern generally confirmed on March 5, 2024 at the RBC Capital Markets Global Financial Institutions Conference that there had been no change to previously disclosed guidance for Q1 and 2024 full-year results.

8-KRegulation FD DisclosureFiled Mar 5, 2024Period of report Mar 5, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

U.S. Bancorp said Stern generally confirmed on March 5, 2024 at the RBC Capital Markets Global Financial Institutions Conference that there had been no change to previously disclosed guidance for Q1 and 2024 full-year results.
The company said Stern confirmed full-year net interest income guidance of $16.6 billion to up slightly, full-year fee revenue growth in the mid-single digits, and core expenses flat year over year.
U.S. Bancorp said Stern confirmed Q1 net interest income expectations of between $4.0 billion and $4.1 billion.
The company said U.S. Bank was notified by the OCC on March 5, 2024 that the MUB Consent Order had been terminated. The order was entered into in September 2021 over deficiencies in MUB's technology and operational risk management, and U.S. Bank assumed its obligations after MUB was acquired in December 2022.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

RBC Conference Presentation and Guidance Reaffirmed

U.S. Bancorp said Stern generally confirmed on March 5, 2024 at the RBC Capital Markets Global Financial Institutions Conference that there had been no change to previously disclosed guidance for Q1 and 2024 full-year results.

Source · Based on the filing body and exhibits

Details of Full-Year Guidance Reaffirmation

The company said Stern confirmed full-year net interest income guidance of $16.6 billion to up slightly, full-year fee revenue growth in the mid-single digits, and core expenses flat year over year.

Source · Based on the filing body and exhibits

Reaffirmed Q1 Net Interest Income Outlook

U.S. Bancorp said Stern confirmed Q1 net interest income expectations of between $4.0 billion and $4.1 billion.

Source · Based on the filing body and exhibits

MUB Consent Order Terminated

The company said U.S. Bank was notified by the OCC on March 5, 2024 that the MUB Consent Order had been terminated. The order was entered into in September 2021 over deficiencies in MUB's technology and operational risk management, and U.S. Bank assumed its obligations after MUB was acquired in December 2022.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.