U.S. Bancorp

Industry: Money Center Banks

Fortune Rank: 121

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 benefited from increased merchant processing services fees.

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.

U.S. Bancorp

U.S. Bancorp is a Fortune 500 company. In 2010 U.S. Bancorp was ranked number 121 on the Fortune 500 list, making it the 121st largest company in the United States when judged by revenue.

U.S. Bancorp achieved revenue of $19,490.00 million in 2010 and earned a profit of $2,205.00 million.

U.S. Bancorp' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 121st compared to 129th in 2009. This was based on its 2009 revenue of $19,229 million (a change of 0 million compared to 2010) and profits of $2,946 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then U.S. Bancorp would be ranked 62nd rather than 121st due to its profits of $2,205 in 2010.

U.S. Bancorp Revenue* Profit* Fortune Ranking

* US$ Million

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