U.S. Bancorp (USB) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript

Gerard Cassidy
RBC Capital Markets, Research Division

Good morning, everybody. Welcome to the second day of the RBC Financial Institutions Conference. And we’re kicking off the fireside chats this morning with U.S. Bancorp. Immediately to my left is John Stern, the Chief Financial Officer. He joined the organization back in 2000, and he’s assumed the leadership of the Financial division in 2023. He’s Vice Chair and Chief Financial Officer, as I mentioned.

Also to his left is Stephen Philipson, who is Vice Chair and Head of the Wealth, Corporate and Commercial Institutional Banking Group. He’s been with U.S. Bancorp since 2009 and has been on a number of the different departments and divisions within U.S. Bancorp, which, as we all know, is a bank that has almost $700 billion in assets, $81 billion market cap and is one of the premier regional banks with a price to tangible book value of about 1.8x. So gentlemen, thank you for joining us. I really appreciate it.