MINNEAPOLIS, Dec 04, 2006 (BUSINESS WIRE) -- U.S. Bancorp was recently named as the top performing large bank
in the country, according to Bank Director's 2006 Bank Performance
Scorecard. The large-bank ranking included 25 banks and thrifts with
total assets of $50 billion or more and was based on publicly
available data over four linked quarters - the third and fourth
quarters of 2005 and the first and second quarters of 2006.
Bank Director's fourth quarter 2006 edition noted that U.S.
Bancorp "benefited from a substantial payments systems operation and
ranked first and fifth in the ROAA and ROAE categories,
respectively--a truly impressive performance for such a large
Bank Director magazine used six categories to measure the
performance of 150 banks (25 of which qualified as "large banks") in
the United States, including return on average assets, return on
average equity, tier-1 capital ratio, leverage ratio, nonperforming
asset ratio and reserve coverage. U.S. Bancorp also ranked 9th among
all of the 150 banks ranked by the publication, which included banks
and thrifts with total assets ranging from slightly more than $3
billion up to those with more than $1.5 trillion.
This is U.S. Bancorp's second consecutive year of being recognized
as the top performing large bank by Bank Director magazine. Also, in
the ranking of the top 150 banks and thrifts, U.S. Bancorp jumped
eight places from 17th in 2005 to this year's 2006 ranking of 9th
U.S. Bancorp (NYSE:USB), with $217 billion in assets, is the 6th
largest financial holding company in the United States. The company
operates 2,467 banking offices and 4,943 ATMs in 24 states, and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. U.S. Bancorp is the parent
company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com.
SOURCE: U.S. Bancorp
Steve Dale, 612-303-0784