U.S. Bancorp (USB) Q3 2024 Earnings Call Transcript

U.S. Bancorp (NYSE:USB) Q3 2024 Earnings Call Transcript October 16, 2024 8:00 AM ET

Company Participants

George Andersen – SVP and Director of IR
Andy Cecere – Chairman and CEO
John Stern – CFO
Gunjan Kedia – President

Conference Call Participants

Scott Siefers – Piper Sandler
John Pancari – Evercore ISI
Betsy Graseck – Morgan Stanley
Erika Najarian – UBS
Mike Mayo – Wells Fargo Securities
Gerard Cassidy – RBC Capital Markets
Vivek Juneja – JPMorgan
Ebrahim Poonawala – Bank of America
Matt O’Connor – Deutsche Bank

Operator

Hello, and welcome to the U.S. Bancorp Third Quarter 2024 Earnings Conference Call. Following a review of the results, there will be a formal question-and-answer session. [Operator Instructions]. This call will be recorded and be available for replay beginning today at approximately 10:00 A.M. Central Time. I will now turn the conference call over to George Andersen, Senior Vice President and Director of Investor Relations for U.S. Bancorp.

George Andersen

Thank you, Ellie, and good morning, everyone. Today, I’m joined by our Chairman and CEO, Andy Cecere; CAO, Terry Dolan; President, Gunjan Kedia; and CFO, John Stern. Together with their prepared remarks, Andy and John will be referencing a slide presentation. A copy of the presentation, our earnings release and supplemental analyst schedules can be found on our website at usbank.com.

Please note that any forward-looking statements made during today’s call are subject to risks and uncertainty. Factors that could materially change our current forward-looking assumptions are described on Page 2 of today’s presentation, our press release, and in reports on file with the SEC. Following our initial prepared remarks, Andy, Terry, Gunjan and John will take any questions that you have.

I will now turn the call over to Andy.

Andy Cecere

Thanks, George. Good morning, everyone, and thank you for joining our call. I’ll begin