U.S. Bancorp

At U.S. Bancorp, we are committed to delivering the best service possible — in every way. In this Annual Report, we share with you just some of the ways in 2005 that we made improvements, expanded capabilities, developed new services and delivered on our Five Star Service Guarantee, now in its 10th year. Let us show you Five Star Service up close...

Image showing customer Peter de Sibour checking out at a U.S. Bancorp location.

Corporate Profile

U.S. Bancorp, with total assets of $209 billion at year-end 2005, is the 6th largest financial holding company in the United States. Our company operates 2,419 banking offices and 5,003 bank-branded ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses, government entities and institutions.

Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank. Major lines of business provided by U.S. Bancorp through U.S. Bank and other subsidiaries include Wholesale Banking; Payment Services; Private Client, Trust & Asset Management; and Consumer Banking. More information about these lines of business can be found throughout this report.

Visit U.S. Bancorp on the web at usbank.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. This report contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. These forward-looking statements cover, among other things, anticipated future revenue and expenses and the future plans and prospects of U.S. Bancorp. Forward-looking statements involve inherent risks and uncertainties, and many factors could cause actual results to differ materially from those anticipated, including changes in general business and economic conditions, changes in interest rates, legal and regulatory developments, increased competition from both banks and non-banks, changes in customer behavior and preferences, effects of mergers and acquisitions and related integration, and effects of critical accounting policies and judgments. These and other risks are described in detail on pages 112 to 116 of this report, which you should read carefully.

Download Financial Section - PDF 425K

U.S. Bancorp: At A Glance

Map of U.S. Bancorp's Locations - click to enlarge
Ranking 6th largest U.S. financial holding company
Asset size $209 billion
Deposits $125 billion
Loans $138 billion
Earnings per share (diluted) $2.42
Return on average assets 2.21%
Return on average equity 22.5%
Efficiency ratio 44.3%
Tangible efficiency ratio 40.8%
Customers 13.4 million
Primary banking region 24 states
Bank branches 2,419
ATMs 5,003
NYSE symbol USB
At year-end 2005