HEADQUARTERS Portland, Ore. BACKGROUND U.S. Bancorp is the largest bank holding company headquartered in the Northwest and one of the 30 largest in the nation. On Dec. 26, 1995, the company completed its merger with West One Bancorp and now operates more than 560 branches through bank subsidiaries in six western states. U.S. Bancorp provides comprehensive financial products and services to consumers, businesses and corporations, serving more than 1.5 million households and 200,000 businesses. |
U.S. BANCORP BANK SUBSIDIARIES |
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U.S. Bank of Oregon | West One Bank of Oregon* |
U.S. Bank of Washington | West One Bank of Washington* |
U.S. Bank of Idaho | West One Bank of Idaho* |
U.S. Bank of Nevada | West One Bank of Utah* |
U.S. Bank of California | |
* All West One subsidiaries will be converted into U.S. Bank units by mid-year 1996. |
OTHER KEY U.S. BANCORP BUSINESSES | |
U.S. Bancorp Securities | U.S. Bancorp Card Products Group |
U.S. Bancorp Trust Group | U.S. Home Loans |
Qualivest Capital Management | U.S. Bancorp Consumer Credit Group |
U.S. Bancorp Leasing & Financial | Convenience Banking |
KEY FINANCIAL INFORMATION In a statistical review of third quarter 1995 bank performance, U.S. Bancorp was rated ninth of 65 banks across the nation, based on profitability, capital strength, asset quality, earnings growth, expense management and net interest margins. (Source: Donaldson, Lufkin and Jenrette Securities Corp.) The company has paid uninterrupted dividends each year since 1899 and has had 38 years of increased dividend payouts. Consistently strong credit quality is a hallmark of U.S. Bancorp with net charge-offs at a low 0.33 percent at year-end 1995. Between Dec. 30, 1994 and Dec. 29, 1995, U.S. Bancorp's stock price increased by almost 49 percent, climbing from $22.625 to $33.625.
Deposits: $23.3 billion Overhead Ratio: 61 percent Net interest margin: 5.38 percent During 1995 U.S. Bancorp took a $76.6 million (after-tax) charge related to merger and integration costs. The net income figure and associated ROA and ROE includes this charge (see figures below.) The core net income figure and associated ROA and ROE excludes this charge, as well as certain other transactions determined to be non-core or non-recurring (see figures below.) Core net income gives a clearer picture of U.S. Bancorp's ongoing performance capacity. |
Net Income: $329 million | Core Net Income: $418.2 million |
ROA: 1.09 percent | ROA: 1.38 percent |
ROE: 12.90 percent | ROE: 16.54 percent |
MARKET REGION U.S. Bancorp's Western region is one of the fastest growing areas of the country, with population, employment and personal income growth above the national average. The region's economy is diverse and strong, supported by such industries as high-tech, aerospace, international trade, forestry and agriculture. More than 17 million people reside in U.S. Bancorp's market area. KEY FACTS U.S. Bancorp:
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For more information: | |
Mary B. Ruble | Donald F. Bowler, Jr. |
Public Relations | Investor Relations |
(503) 275-6200 | (503) 275-5702 |