iHub News
2 months ago
U.S. Bancorp Shares Slip Despite Q1 Earnings BeatApril 16, 2026 8:37 AM
IH Market News
U.S. Bancorp (NYSE:USB) reported first-quarter results on Thursday that came in ahead of analyst expectations, though its shares moved lower in pre-market trading.The stock declined 1.10% following the announcement.The bank posted adjusted earnings per share of $1.18, exceeding the consensus estimate of $1.15 by $0.03. Revenue totaled $7.29 billion, slightly above the $7.28 billion forecast and up 4.7% from $6.96 billion in the same quarter last year. Net income attributable to U.S. Bancorp increased 13.8% year on year to $1.95 billion.Net interest income, on a taxable-equivalent basis, rose 4.1% to $4.29 billion, supported by loan growth, a more favorable mix of earning assets, and repricing of fixed-rate assets.Net interest margin improved to 2.77%, compared to 2.72% a year earlier. Fee income grew 6.9% year on year, driven by stronger payments activity and continued momentum in capital markets and investment services.“In the first quarter, we delivered diluted earnings per share of $1.18, up 15% year-over-year, and a return on tangible common equity of 17%,” said CEO Gunjan Kedia. “Strong revenue growth drove 440 basis points of positive operating leverage, as ongoing investments for growth and continued cost savings drove 260 basis points of year-over-year improvement in our efficiency ratio.”Average total loans increased 3.8% to $393.56 billion, while average deposits rose 1.7% to $515.12 billion.Noninterest expenses edged up 0.8% to $4.27 billion, mainly due to higher spending on marketing and technology, partially offset by lower compensation costs.The provision for credit losses increased 7.3% to $576 million, reflecting loan book expansion. Meanwhile, the net charge-off ratio improved to 0.56% from 0.59% a year earlier. The bank’s common equity tier 1 ratio remained steady at 10.8%.U.S. Bancorp stock price
Original: U.S. Bancorp Shares Slip Despite Q1 Earnings Beat
US Market News
2 months ago
U.S. Bancorp Reports First Quarter 2026 ResultsApril 16, 2026 6:45 AM
Business Wire
U.S. Bancorp reported its first quarter 2026 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.
At 7 a.m. Central Time, Chief Executive Officer Gunjan Kedia and Vice Chair and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp’s website at usbank.com and click on “About Us,” “Investor Relations”, “News & events” and “Webcasts & Presentations.” To access the conference call from locations within the United States and Canada, please dial 888-210-4659. Participants calling from outside the United States and Canada, please dial 646-960-0383. The access code for all participants is 7269933.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association the fifth-largest commercial bank in the United States. The company’s three major business lines serve 15 million clients throughout the United States, Canada and Europe, and its team of nearly 70,000 people invest their hearts and minds to power human potential every day. Ranked 105th in the Fortune 500, U.S. Bancorp is deeply respected for its culture and long-term stewardship and admired for its diversified business mix and product capabilities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260416684731/en/
Investor contact: Angie Jeyaraj, U.S. Bancorp Investor Relations
Angie.jeyaraj@usbank.com
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications
Jeffrey.Shelman@usbank.com
Original: U.S. Bancorp Reports First Quarter 2026 Results
US Market News
2 months ago
U.S. Bancorp Announces Leadership Changes in Its Operations FunctionMarch 26, 2026 4:45 PM
Business Wire
Toby Clements to become chief operations officer in April
U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Toby Clements will become its new senior executive vice president and chief operations officer. In this role, Clements will oversee the company’s client service centers and global operations teams, leading more than 16,000 employees. He will report directly to U.S. Bancorp Chief Executive Officer Gunjan Kedia effective April 13.
Clements will join the company’s managing committee and succeed Souheil Badran, who announced his retirement from the company earlier this year.
“Toby is a strong, engaging leader who has a clear desire to serve our clients and run our business effectively,” said Kedia. “His deep understanding of our company, customers and partners will ensure our ability to deliver integrated experiences that are simple, innovative and collaborative.”
Clements came to U.S. Bank in 2017, serving as an executive officer in our European operations. He has proven to be a transformative and visionary leader, who has a deep understanding of clients and a compelling focus on ensuring the company is running its business efficiently and effectively. For the past year, he led the organization’s client service centers. Prior to joining the company, Clements worked in executive roles at PTSB in Dublin and Tesco Bank in Edinburgh. He also has experience in consulting and strategy at Navigant and Barclays in London. He holds a bachelor of laws degree from University of Southampton and a global master of business administration degree from INSEAD.
“I congratulate Toby on this his appointment and look forward to working with him in this new role,” said Kedia. “I also want to thank Souheil for his years of dedicated service and leadership. His contributions to strengthening the company’s operational foundation and developing our people will have a lasting impact, and we wish him well in his retirement.”
About U.S. Bank
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company’s three major business lines serve 15 million clients throughout the United States, Canada and Europe, and its team of nearly 70,000 people invest their hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, U.S. Bancorp is deeply respected for its culture and long-term stewardship and admired for its diversified business mix and product capabilities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260326200557/en/
Investors:
Angie Jeyaraj, U.S. Bancorp Investor Relations
angie.jeyaraj@usbank.com
Media:
Jeff Shelman, U.S. Bank Public Affairs and Communications
jeffrey.shelman@usbank.com
Original: U.S. Bancorp Announces Leadership Changes in Its Operations Function
US Market News
3 months ago
Alan Flanagan joins U.S. Bank as head of Global Investment ServicesMarch 17, 2026 7:50 AM
Business Wire
U.S. Bank announced today that veteran securities executive Alan Flanagan has joined the bank as head of Global Investment Services, a division comprising Global Fund Services and Global Corporate Trust.
In this role, Flanagan will lead a global team that combines industry-leading expertise with superior client service to offer customized product solutions for alternative investments, mutual funds, exchange-traded products, collateralized loan obligations (CLOs), structured finance, and corporate, escrow and municipal trust services. Flanagan will be a member of the senior leadership team for U.S. Bank’s Wealth, Corporate, Commercial and Institutional Banking business line and will be based in New York.
Flanagan spent nearly two decades at BNY, where he held senior leadership roles across asset servicing, fund services and alternative investments, leading global businesses and driving sustainable growth. Most recently, he served as global head of client coverage for BNY’s asset servicing division, overseeing relationship management for the firm. Prior to BNY, Alan held roles at UBS, CIBC and KPMG, giving him broad experience across business development, operations and financial services.
“Alan is widely regarded as a collaborative leader with a forward-thinking mindset and a strong commitment to client outcomes and I’m excited to welcome him to the bank,” said Stephen Philipson, vice chair, U.S. Bank Wealth, Corporate, Commercial and Institutional Banking. “He brings a wealth of expertise in leading high-performing teams, which will enable us to continue building on the tremendous success of our Investment Services businesses.”
Flanagan is a fellow of the Institute of Chartered Accountants, Ireland and holds a chartered director in corporate governance and corporate strategy from the Institute of Directors, UK.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317103267/en/
Kimberly Mikrot, U.S. Bank Public Affairs and Communications
kimberly.mikrot@usbank.com
Original: Alan Flanagan joins U.S. Bank as head of Global Investment Services
US Market News
3 months ago
U.S. Bancorp Announces Quarterly DividendsMarch 10, 2026 5:21 PM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.52 per common share, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026. At this quarterly dividend rate, the annual dividend is equivalent to $2.08 per common share.
The Board of Directors also declared the following:
A regular quarterly dividend of $1,238.450 per share (equivalent to $12.384500 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $283.363 per share (equivalent to $0.283363 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular semi-annual dividend of $662.500 per share (equivalent to $26.500000 per depositary share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $343.750 per share (equivalent to $0.343750 per depositary share) on the Series K Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $234.375 per share (equivalent to $0.234375 per depositary share) on the Series L Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $250.000 per share (equivalent to $0.250000 per depositary share) on the Series M Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $231.250 per share (equivalent to $9.250000 per depositary share) on the Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
A regular quarterly dividend of $281.250 per share (equivalent to $0.281250 per depositary share) on the Series O Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260310105544/en/
Investor contact: Angie Jeyaraj, U.S. Bancorp Investor Relations
Angie.jeyaraj@usbank.com
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications
jeffrey.shelman@usbank.com
Original: U.S. Bancorp Announces Quarterly Dividends
US Market News
3 months ago
U.S. Bank Raises $5.7 Billion Through Tax Credit Syndications in 2025March 6, 2026 9:00 AM
Business Wire
Billions in tax credit capital will help expand affordable housing, clean energy and jobs
U.S. Bancorp Impact Finance announced record 2025 results for its tax credit syndications platform, raising approximately $5.7 billion in third-party capital from 58 institutional investors across 109 transactions, the highest annual total in the company’s history. These investments help finance affordable housing, renewable energy and economic development projects that create jobs and strengthen communities nationwide.
“More investors are optimizing tax strategies while achieving their community and sustainability goals, and more capital is reaching businesses that deliver housing, clean energy and economic opportunity,” said Bill Bayer, managing director of syndications and state clearinghouse at U.S. Bancorp Impact Finance. “2025 was a milestone year for our syndications team, reflecting our focus on customers, disciplined execution and measurable results.”
U.S. Bancorp Impact Finance, the community development and environmental finance division of U.S. Bank, is one of the few syndicators offering all three federal asset classes – Low Income Housing Tax Credits (LIHTC), Renewable Energy Tax Credits (RETC) and New Markets Tax Credits (NMTC) – and is recognized as a national leader in each. Through its state clearinghouse, it also syndicates state tax credits, giving investors a single source for diversified, outcome-driven opportunities.
At a glance, in 2025:
$5.7 billion in third-party capital raised
58 unique investors
109 transactions closed
6,812 affordable housing units financed through LIHTC syndications, supporting developments in 19 states
Renewable energy generation capacity of 4.4 GW (solar and wind projects) and battery storage capacity of 0.8 GW financed through RETC syndications
129 economic development projects financed through NMTC syndications, advancing jobs, healthcare, homeownership and small business growth
The 2025 results highlight the platform’s national reach and its ability to deliver complex, multi-asset strategies that meet client goals and create lasting results.
The year brought several additional milestones. U.S. Bancorp Impact Finance surpassed $7 billion in tax credit transfers since the Inflation Reduction Act authorized transferability in 2023.
“Demand for tax credit transfers has grown rapidly, as investors see the value, efficiency and scalability of this new solution,” said Maria Bustria, business development director for syndications at U.S. Bancorp Impact Finance. “We expect continued momentum as the market matures, drawing in new participants and expanding the flow of capital to renewable energy projects nationwide.”
Impact Finance also launched an unguaranteed LIHTC product and continued developing a complementary debt platform to provide more integrated, flexible financing options for investors and developers. In addition, the NMTC program was made a permanent part of the U.S. tax code in 2025, providing long-term certainty for investors and communities.
Since inception, Impact Finance has raised $28 billion in federal tax credit capital from 183 investors across more than 400 funds, supporting clean energy projects, affordable housing developments and job-creating community facilities. Through the state clearinghouse, Impact Finance has invested in 112 state tax credit programs in 39 states, raising more than $2.4 billion from nearly 100 investors.
About U.S. Bancorp Impact Finance
U.S. Bancorp Impact Finance, the community development and environmental finance division of U.S. Bank, is an industry leader in delivering tailored financing solutions that help clients drive inclusive economic growth and lasting environmental and community impact. Its tax credit investments and syndications, lending and other solutions help create affordable housing, spur economic activity in communities, restore historic buildings, develop renewable sources of energy and strengthen community development financial institutions (CDFIs). As of Dec. 31, 2025, it has, since inception, invested $60 billion in tax credit equity investments and raised $28 billion through federal tax credit syndications; it also has $8 billion in current loan commitments to affordable housing, renewable energy projects, CDFIs and other community development intermediaries. Learn more at usbank.com/impactfinance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260306560373/en/
Media contact
Kaitlyn Dormer, U.S. Bank Public Affairs & Communications
kaitlyn.dormer@usbank.com
Original: U.S. Bank Raises $5.7 Billion Through Tax Credit Syndications in 2025
US Market News
4 months ago
Elavon launches fresh logo and bold new look for a dynamic 2026February 9, 2026 12:20 PM
Business Wire
Updated brand imaging celebrates payment processor’s capabilities, reliability and commitment to empowering business success
Elavon, a wholly owned subsidiary of U.S. Bank and one of the largest payments processors globally, is strategically evolving its brand identity to better align with the modern customer journey, showcasing the company's evolution in the competitive payments solutions landscape.
The new logos and iconography emphasizing the payment processors’ modern, expert-led payments capabilities and reliability backed by U.S. Bank, are already live on Elavon’s home page, with additional digital and physical assets expect to roll out throughout the year.
“Our rebrand introduces a fresh symbol and dynamic visual identity that evokes connection, partnership, and seamless transactions,” said Kim Osborn, Chief Administrative Officer for Elavon. “This initiative aims to create a unified, modern Elavon product brand that aligns with U.S. Bank, while effectively telling the story of payments expertise and our commitment to partnership.”
The rebrand features a new logo and cohesive design system that reflect modern, expert-led payments capabilities Elavon offers, backed by the strength and reliability of U.S. Bank. The design evolution features a singular modern, tech-forward product brand identity, consolidating equity in Elavon while hinting at its connection to U.S. Bank with the strength of a shield. The new symbol and dynamic visual elements embody connection and partnership.
The financial services industry is ever-changing and super competitive. As part of the payments transformation, Elavon’s rebranding initiative reinforces its position as a top global payments partner and highlights the strength of its payments transformation.
“Elavon has evolved as payments have evolved, and our new brand is simpler, smarter, and synced for business success. Every day, Elavon solutions serve as a connecting force—integrating your entire payments system, so our customers can focus on what matters most: moving their businesses forward,” said Osborn.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
About Elavon
Elavon is wholly owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 2 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260209523776/en/
Media Contact:
John Friess
john.friess@usbank.com
720.402.2869
Original: Elavon launches fresh logo and bold new look for a dynamic 2026
US Market News
4 months ago
U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing CyclesFebruary 2, 2026 5:15 PM
Business Wire
New business credit card offers rewards and access to Spend Management platform to monitor, track, and control spending
U.S. Bank, a leading provider of payment services and solutions, today announced a new business credit card designed to help small business owners navigate fluctuations in finances and resources: the U.S. Bank Business Shield™ Visa® Card.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202080988/en/The U.S. Bank Business Shield™ Visa® Card offers small business owners a new solution for navigating expected and unexpected expenses.
This new business credit card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles when applying at any U.S. Bank branch and 12 billing cycles when applying in digital channels – all with no annual fee. Plus, cardholders can enjoy a suite of benefits to help navigate the foreseen - and the unforeseen - needs of their small business.
“The Business Shield Visa card is designed to help business owners navigate the unpredictable financial and resource challenges that come with running a small business,” said Anthony Merola, head of Bank Brand and Small Business Cards at U.S. Bank. “Featuring an industry-leading 0% extended introductory APR on purchases and balance transfers, and access to Spend Management, our expense management platform, this card is a transformative solution for both new and seasoned business owners looking to safeguard their business from the unexpected.”
With Spend Management, part of the comprehensive suite of business solutions that is earning U.S. Bank accolades as best bank for small business owners, businesses can drive down costs, reduce manual work, and save time through the use of robust card controls, integrated accounting, intuitive receipt capture, and more – all within a single, easy-to-use dashboard.
The card – which has a sleek, translucent design – also offers:
Purchase Security: When you use your card, your purchases are protected if an item is stolen or damaged.
Extended Protection: Get an extra year on eligible warranties – automatically – when you use your card.
Rewards on prepaid travel: 5% cash back on air, hotel and car reservations booked directly in the Travel Center when you use your card.
Annual statement credit: $50 annual statement credit with $5,000 booked in the Travel Center when you use your card.
Pay over time: $0 fee ExtendPay® Plan annually, available after introductory APR period.
Additional protection benefits: zero fraud liability, auto rental collision insurance and cell phone protection.
To learn more about the Business Shield card, visit usbank.com/businessshield.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
Disclosures:
The creditor and issuer of this card is U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc., and the card is available to United States residents only.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260202080988/en/
Media Contact:
Tessa Bajema, U.S. Bank Public Affairs & Communications
tessa.bajema@usbank.com
Original: U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing Cycles
US Market News
4 months ago
U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing CyclesFebruary 2, 2026 10:30 AM
Business Wire
New business credit card offers rewards and access to Spend Management platform to monitor, track, and control spending
U.S. Bank, a leading provider of payment services and solutions, today announced a new business credit card designed to help small business owners navigate fluctuations in finances and resources: the U.S. Bank Business Shield™ Visa® Card.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202080988/en/The U.S. Bank Business Shield™ Visa® Card offers small business owners a new solution for navigating expected and unexpected expenses.
This new business credit card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles when applying at any U.S. Bank branch and 12 billing cycles when applying in digital channels – all with no annual fee. Plus, cardholders can enjoy a suite of benefits to help navigate the foreseen - and the unforeseen - needs of their small business.
“The Business Shield Visa card is designed to help business owners navigate the unpredictable financial and resource challenges that come with running a small business,” said Anthony Merola, head of Bank Brand and Small Business Cards at U.S. Bank. “Featuring an industry-leading 0% extended introductory APR on purchases and balance transfers, and access to Spend Management, our expense management platform, this card is a transformative solution for both new and seasoned business owners looking to safeguard their business from the unexpected.”
With Spend Management, part of the comprehensive suite of business solutions that is earning U.S. Bank accolades as best bank for small business owners, businesses can drive down costs, reduce manual work, and save time through the use of robust card controls, integrated accounting, intuitive receipt capture, and more – all within a single, easy-to-use dashboard.
The card – which has a sleek, translucent design – also offers:
Purchase Security: When you use your card, your purchases are protected if an item is stolen or damaged.
Extended Protection: Get an extra year on eligible warranties – automatically – when you use your card.
Rewards on prepaid travel: 5% cash back on air, hotel and car reservations booked directly in the Travel Center when you use your card.
Annual statement credit: $50 annual statement credit with $5,000 booked in the Travel Center when you use your card.
Pay over time: $0 fee ExtendPay® Plan annually, available after introductory APR period.
Additional protection benefits: zero fraud liability, auto rental collision insurance and cell phone protection.
To learn more about the Business Shield card, visit usbank.com/businessshield.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
Disclosures:
The creditor and issuer of this card is U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc., and the card is available to United States residents only.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260202080988/en/
Media Contact:
Tessa Bajema, U.S. Bank Public Affairs & Communications
tessa.bajema@usbank.com
Original: U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing Cycles
US Market News
4 months ago
U.S. Bancorp Announces Leadership Changes in Its Operations FunctionJanuary 29, 2026 3:00 PM
Business Wire
Souheil Badran to retire from the company in April
U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Souheil Badran, its senior executive vice president and chief operations officer, will retire from the bank this spring.
“Souheil has led our operations function with distinction and a keen eye toward elevating our client experience with our contact centers and driving productivity and efficiency in service of our shareholders,” said Gunjan Kedia, U.S. Bancorp chief executive officer. “I have appreciated his insights, advocacy and friendship, and we will build on the foundation he has helped set for the operations team.”
Badran joined the organization in late 2022, bringing diverse experience across the payments, software and wealth management industries. He provided an active and influential voice during his tenure at U.S. Bancorp, shaping the current strategy of the company’s operations organization and leading efforts to bring automation, artificial intelligence and efficiency to its contact centers and related functions.
The company has a robust succession planning program in place and will activate and implement that as Badran prepares for his retirement. He intends to assist with the leadership transition to accommodate a disciplined process.
“It has been an honor and a privilege serving on the leadership team at U.S. Bancorp, and I am confident not only in the future of the organization, but in the leaders who will guide the company into the future,” Badran said.
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260129841620/en/
Investors:
Angie Jeyaraj, deputy director of investor relations, U.S. Bancorp Investor Relations
angie.jeyaraj@usbank.com
Media:
Jeff Shelman, senior vice president and head of external enterprise communications, U.S. Bank Public Affairs and Communications
jeffrey.shelman@usbank.com
Original: U.S. Bancorp Announces Leadership Changes in Its Operations Function
US Market News
4 months ago
Payments Made Convenient with Elavon Live Payments and Microsoft 365January 27, 2026 3:34 PM
Business Wire
Professional service providers can easily manage and collect payments online
Elavon, a wholly owned subsidiary of U.S. Bank and one of the world's largest payment processors, is collaborating with Microsoft to introduce Elavon Live Payments, a groundbreaking payments app for Microsoft 365 offered through the Microsoft Marketplace.
Driven by the omni-channel capabilities of the Elavon Payments Gateway (EPG), Elavon Live Payments enables businesses and professional service providers to securely send invoices and collect customer payments with just a few clicks on a computer or mobile device. That means reducing the friction associated with old-school business payment processes and fewer days waiting for money owed. It is the first major embedded payments expansion on the EPG platform.
“Business professionals waste countless hours switching between multiple platforms to create invoices, send them to clients, and track payments,” said Pari Sawant, global chief product officer at Elavon. “Elavon Live Payments solves this challenge by eliminating traditional payment collection barriers allowing business owners to integrate payment workflows directly into commonly used Microsoft 365 applications like Outlook or Teams in real time, which can reduce Days Sales Outstanding and foster business growth.”
According to the 2024 Professional Services Maturity Benchmark Report for Days Sales Outstanding (DSO), professional service providers often wait five to 15 days longer than other industries to convert credit sales into cash.
Inefficiencies in the collection process may lead to potential cash flow problems, and firms with a higher DSO may face operational challenges as they wait longer to convert their work into revenue, impacting their ability to cover costs or reinvest in the business.
“Microsoft 365 is more than a suite of apps – it’s the foundation for how millions of people work every day,” said Tyler Pichach, Global Head of Banking & Payments Strategy, Microsoft. “By embedding Elavon Live Payments directly into familiar Microsoft 365 experiences like Microsoft Outlook and Microsoft Teams, we’re helping businesses streamline productivity and simplify payment workflows. And through Microsoft Marketplace, our single destination to find, try, buy, and deploy cloud solutions, Microsoft 365 users can quickly and easily access Elavon Live Payments.”
Key Features & Benefits Include:
Built for Microsoft 365
Works directly within the Outlook email interface
Integrates into Microsoft Teams for in-the-moment collaborative billing and payment
No need to switch between applications or platforms
Streamlined Payment Processing
Create and send invoices in seconds
PCI-compliant and secure payment processing
Real-time payment notifications and tracking
Built for Business & Professional Services
Perfect for consultants, tutors, freelancers, lawyers and other service-based businesses
Customizable invoice templates and seamless integration with your product or service offerings
Utilizing Microsoft Azure as a core component, Elavon Live Payments is a versatile payment processing solution that leverages EPG’s omni-commerce platform. Launched in 2024, EPG is a global gateway that provides a holistic set of embedded payments capabilities.
Elavon Live Payments is now available through the Microsoft Marketplace. For more information, click here.
About Elavon
Elavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States. It provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top-five provider in hospitality, healthcare, retail, and the public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses, from small to the largest global enterprises.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127696520/en/
Media Contact:
Joseph Rauch
Joseph.Rauch@usbank.com
Original: Payments Made Convenient with Elavon Live Payments and Microsoft 365
Penny Roger$
14 years ago
U.S. Bancorp (U.S. Bancorp) is a multi-state financial services holding company. It provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. The Company operates in five segments: Wholesale Banking and Commercial Real Estate, Consumer and Small Business Banking, Wealth Management and Securities Services, Payment Services and Treasury and Corporate Support. In December 2011, its Elan Financial Services unit announced that it has completed the acquisition of the credit card assets of 28 financial institutions. In January 2012, the Company’s bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation, from the Federal Deposit Insurance Corporation (FDIC).
http://www.google.com/finance?q=USB
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