other material
confidence high
sentiment positive
materiality 0.70
U.S. Bancorp sets medium-term targets: ROA 0.9-1.1%, ROTCE 14-17%
US BANCORP DE
- Medium-term ROTCE target of 14-17% and ROA target of 0.9-1.1% (non-GAAP).
- Fee income growth target of mid-single digits annually; efficiency ratio target ~55-57%.
- Digital engagement: core consumer digital active users up 2x since 2019; mobile app sales 6x.
- Credit quality: NCOs expected through-the-cycle 35-55 bps; office reserves at 5% of loans.