U.S. Bancorp
Industry: Money Center Banks

Minneapolis-based U.S. Bancorp, with assets in excess of $171 billion, is the 8th largest financial services holding company in the United States. The company operates 2,147 banking offices and 4,904 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience.

Business Summary
U.S. Bancorp is a financial holding company in the United States. U.S. Bancorp, the parent company of U.S. Bank, serves 13.1 million customers and operates 2,370 branch offices in 24 states. U.S. Bancorp customers also access their accounts through 4,620 U.S. Bank automated teller machines (ATMs), U.S. Bank Internet banking and telephone banking. U.S. Bancorp provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses, governments and institutions. Major lines of business provided by U.S. Bancorp through U.S. Bank and other subsidiaries include Wholesale Banking; Payment Services; Private Client, Trust and Asset Management, and Consumer Banking. On June 29, 2004, the Company purchased the remaining 50% ownership interest in EuroConex Technologies Ltd (EuroConex) from the Bank of Ireland.

Financial Summary
For the nine months 30 September 2005, U.S. Bancorp's interest income increased 14% to $7.72B. Net interest income after loan loss provisions increased 2% to $4.82B. The Company's net income for the period increased 8% to $3.35B. Net interest income after reflects loan growth and higher fees from investment securities, partially offset by higher interest costs. Earnings benefitted from increased merchant processing services fees.