U.S. Bancorp’s Revenue by Segment (2016-2023)

The chart shows U.S. Bancorp’s Revenue by Segment from Q1 2016 onwards, split between Consumer and Business Banking, Corporate and Commercial Banking, Payment Services, Treasury and Corporate support, Wealth Management and Investment Services.

U.S. Bancorp’s Revenue by Segment

U.S. Bancorp’s revenue by segment increases on a quarter-on-quarter basis. The total revenue from this category increased from $5.596 billion in Q1 2022 to $7.175 billion in Q1 2023, marking a growth of approximately 28.21% in revenue year-on-year.

U.S. Bancorp’s Revenue is bifurcated into the following segments:

(All figures are in millions, except percentages) 

Consumer and Business Banking:

• In Consumer and Business Banking, Products and services are delivered through banking offices, telephone servicing and sales, online services, direct mail, ATM processing, mobile devices, distributed mortgage loan officers, and intermediary relationships including auto dealerships, mortgage banks, and strategic business partners. Consumer and Business Banking comprises consumer banking, small business banking, and consumer lending.
• The Consumer and Business Banking revenue segment made the major component of the company’s revenue. It has been the highest contributor in the last five quarters, with 35.6%. Its revenue is constantly increasing from quarter to quarter.

Corporate and Commercial Banking:

• Corporate and Commercial Banking provides equipment finance and small-ticket leasing, depository services, treasury management, capital markets services, international trade services, and other financial services to middle market, large corporate, commercial real estate, financial institution, non-profit, and public sector clients.
• It contributes 18.5% to the revenue segments. When compared to every quarter, the revenue witnessed a rise from $1221 million in Q4 2022 to $1390 million in Q1 2023, marking a growth of 13.84%.

Payment Services:

• Payment services include corporate, government, and purchasing card services, merchant processing, stored-value cards, debit cards, consumer and commercial credit cards, and more.
• It is the second-highest contributor in the revenue segment. It contributes 18.5% to the revenue segments. When compared to every quarter, the revenue witnessed a rise from $1583 million in Q4 2022 to $1588 million in Q1 2023, marking a slight growth of 0.31%.

Treasury and Corporate Support:

• Treasury and Corporate Support encompasses various aspects, such as the company’s investment portfolios, funding, capital management, and interest rate risk management. It also includes income taxes not allocated to the business lines, including most investments in tax-advantaged projects.
• It is the lowest contributor in the revenue segment. It contributes only 3.8% to the revenue segments.

Wealth Management and Investment Services:

• Wealth Management and Investment Services offer a comprehensive range of financial services. These services include private banking, financial advisory services, investment management, retail brokerage services, insurance, trust, custody, and fund servicing. The department operates through four distinct businesses: Wealth Management, Global Corporate Trust & Custody, U.S. Bancorp Asset Management, and Fund Services.
• The overall contribution of this segment to revenue is 17.1%. Revenue from this segment is continuously increasing from quarter to quarter.

 About U.S. Bancorp:

U.S. Bancorp is a financial services holding company that serves millions of local, national, and global customers. The companies are headquartered in Minneapolis, Minnesota.

The Company offers a full range of financial services, including lending and depository services, cash management, capital markets, trust and investment management services, as well as credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage, and leasing.

A wide variety of asset management and fiduciary services are offered by U.S. Bancorp’s bank to individuals, estates, foundations, corporate entities, and non-profit organizations.

Did you like U.S. Bancorp’s Revenue by Segment statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.