U.S. Bank Avvance Introduces New Longer-Term Financing Options "Avvance is designed to integrate wherever merchants and consumers are making decisions,†said Emily Hartye, head of U.S. Bank Avvance and Point-of-Sale Lending. "By extending loan terms for home improvement purchases, we're helping merchants tackle affordability challenges head-on, drive higher conversion, and deliver financing experiences customers can trust.†Mar 25, 2026 10:00 AM Eastern Daylight Time U.S. Bank Avvance Introduces New Longer- ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Elavon, a subsidiary of U.S. Bank, has appointed Wally Mlynarski to lead its payments processor unit, recruiting him from Bank of America, where he had led a merchant services and receivables unit, according to a Wednesday press release. Mlynarski started in his new Elavon role on Monday, the company’s spokesperson John Friess said by email. Mlynarsk ...

Wally Mlynarski Named Elavon CEO Mar 18, 2026 10:00 AM Eastern Daylight Time Wally Mlynarski Named Elavon CEO Share Banking veteran returns to company to lead Merchant Payment Services ATLANTA--(BUSINESS WIRE)--Wally Mlynarski has been named CEO of Elavon, a wholly owned subsidiary of U.S. Bank, delivering secure, scalable payments solutions and dedicated support to businesses across the United States, Europe and Canada. Mlynarski most recently led merchant services and receivables at Bank of America. He pr ...

Key insights: Bank BNPL has higher consumer satisfaction, according to JD Power. What's at stake: The product has become more popular, particularly among young consumers. But many banks still don't offer the product. Forward look: There is an opportunity for banks to reach receptive BNPL customers through marketing. There's good news and bad news for banks in buy-now-pay-later lending. The good news is that banks offering the service are getting high marks from customers; the bad news is that many still don ...

Core Viewpoint - U.S. Bancorp (NYSE:USB) is identified as one of the most undervalued long-term stocks to buy, with positive updates on performance and future prospects presented at the RBC Capital Markets Global Financial Institutions Conference [1]. Financial Performance - The company exceeded Q1 guidance for net interest and fee income, attributed to strong loan growth and capital market activity [2]. - U.S. Bancorp's acquisition of BTIG is expected to enhance annual revenue by $175 million to $200 million, while having a negligible impact on 2026 EPS [2]. - The bank is on track to achieve a year-over-year growth rate at the high end of its 3% to 4% target, with fee income growth anticipated in the higher end of the 5% to 6% range [4]. Future Outlook - Looking ahead, U.S. Bancorp is targeting 4% to 6% net revenue growth in 2026, with over 200 basis points of positive operating leverage, focusing on consumer deposits and fee expansion [4]. Business Segments - U.S. Bancorp operates as a financial services holding company, with business segments including Wealth, Corporate, Commercial, and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support [5].

Core Viewpoint - U.S. Bancorp (USB) is identified as one of the largest regional banks in the United States, with a focus on income investing through various financial instruments [1]. Group 1 - The bank has been previously discussed in relation to its floating preferred shares (USB.PA) [1]. - The author has a beneficial long position in the shares of USB.PR.A, indicating a vested interest in the performance of these shares [2]. - The article emphasizes the author's background in finance and economics, highlighting a strong analytical foundation for investment insights [1]. Group 2 - The article does not provide specific financial metrics or performance data for U.S. Bancorp [1][2][3]. - There is no mention of any recent events or developments affecting the bank or the broader banking industry [1][2][3].

Core Insights - U.S. Bancorp is a prominent regional bank with nearly $700 billion in assets and a market capitalization of $81 billion, indicating its significant presence in the financial sector [2]. Group 1: Leadership - John Stern serves as the Chief Financial Officer and Vice Chair of U.S. Bancorp, having joined the organization in 2000 and taking on the leadership of the Financial division in 2023 [1]. - Stephen Philipson is the Vice Chair and Head of the Wealth, Corporate and Commercial Institutional Banking Group, with a tenure at U.S. Bancorp since 2009, showcasing a long-standing commitment to the bank [2]. Group 2: Financial Metrics - U.S. Bancorp has a price to tangible book value ratio of approximately 1.8x, reflecting its valuation relative to its tangible assets [2].

U.S. Bancorp Conference Call Summary Company Overview - **Company**: U.S. Bancorp (NYSE: USB) - **Assets**: Nearly $700 billion - **Market Cap**: $81 billion - **Price-to-Tangible Book Value**: Approximately 1.8 times [2] Economic and Market Insights - **Economic Outlook**: The economy is described as resilient, with strong consumer spending and robust credit quality among clients [10][12] - **Corporate Sentiment**: Companies are adapting to macro uncertainties and are actively investing in M&A and capital expenditures [12] - **Commercial Real Estate**: There is a deceleration in paydowns and a robust pipeline in commercial real estate (CRE) [12] Financial Guidance and Performance - **Net Interest Income (NII)**: Expected year-on-year growth of 3%-4%, with a strong performance anticipated at the high end of this range due to strong loan growth [19] - **Fee Growth**: Projected year-on-year growth of 5%-6%, also expected to be at the high end due to robust capital markets [19] - **Operating Leverage**: Positive operating leverage is anticipated for the quarter, driven by strong revenue growth and disciplined expense management [20][94] Loan Growth Areas - **Key Growth Areas**: Significant growth is seen in card services and commercial & industrial (C&I) loans, with a noted increase in commercial real estate activity [26][28] - **Mortgage Sector**: Expected to offset growth due to paydowns from decreasing rates [27] Acquisition of BTIG - **Strategic Acquisition**: U.S. Bancorp is acquiring BTIG to fill a gap in equity and advisory services, enhancing their capital markets capabilities [56][60] - **Revenue Impact**: Anticipated revenue contribution of $175 million-$200 million post-acquisition, expected to be slightly accretive to EPS [66] Fee Revenue Streams - **Fee Components**: Fees are categorized into capital markets, institutional trust and custody, payments, and consumer services, with strong growth in institutional businesses [72][74] - **Investment Services**: U.S. Bancorp has a dominant market share in ETF business and corporate trust, providing annuity-like revenue streams [82][86] Credit Management - **Credit Stability**: Credit quality is stable, with expectations of stable charge-offs and reserve builds tied to loan growth [110][113] - **Nimbleness of Companies**: Companies are better managing their balance sheets post-pandemic, potentially leading to lower commercial loan losses [114] Regulatory Outlook - **Regulatory Changes**: U.S. Bancorp is optimistic about upcoming regulatory changes, particularly regarding Basel III proposals [123] - **M&A Strategy**: The company remains focused on organic growth rather than acquisitions [126] Key Takeaways - **Unique Product Offering**: U.S. Bancorp has a differentiated set of products that generate consistent fee growth, with a focus on expanding their lending book and product offerings [128] - **Franchise Strength**: The company emphasizes the strength and uniqueness of its franchise, aiming for consistent growth and improved financial targets [129]

Core Insights - U.S. Bancorp Advisors has launched a suite of offerings aimed at individuals new to investing, including a team-based advisory service and an enhanced self-directed brokerage platform, to make investing more accessible and strengthen fee-based revenue streams [1][4]. Group 1: New Offerings - The newly introduced Wealth Connect service allows investors with a minimum of $25,000 to receive personalized portfolio recommendations and ongoing investment guidance through consultations with licensed financial advisors [2]. - The enhanced self-directed brokerage platform enables investors to trade stocks, mutual funds, and ETFs online without annual fees or commissions, and includes margin and options trading for qualified investors [3]. - A next-generation investing platform integrates banking services with investing capabilities, allowing customers to monitor their financial activities and track progress toward financial goals [3]. Group 2: Revenue Growth Strategy - The new wealth-offering suite is expected to expand U.S. Bancorp's fee-based advisory accounts, increase brokerage activity, and grow assets under management (AUM) among emerging affluent clients, thereby supporting fee revenue growth [4]. - The rollout aligns with U.S. Bancorp's broader strategy to strengthen fee income and diversify revenue, including the planned acquisition of BTIG, which is expected to contribute approximately $175–$200 million in quarterly non-interest income [5]. Group 3: Industry Context - Other financial firms, such as JPMorgan and Bank of America, are also enhancing their wealth management and advisory services to boost fee-based revenues [6]. - JPMorgan has launched Special Advisory Services and deployed private client bankers in affluent areas to strengthen its client franchise, while Bank of America has introduced the Alts Expanded Access Program for ultra-high-net-worth clients [7][8].

Core Viewpoint - U.S. Bancorp (USB) and M&T Bank Corporation (MTB) are significant U.S. regional banks with differing strategic priorities and technological focuses, impacting their growth drivers and financial outlooks [1][2]. Group 1: U.S. Bancorp (USB) - USB has been investing in payments innovation, digital banking infrastructure, and emerging financial technologies to enhance its market presence and product capabilities [3][5]. - The bank launched a suite of offerings for emerging investors in March 2026, aiming to broaden access to wealth management and support fee-based revenue growth [3]. - USB's acquisition of BTIG for $1 billion is expected to enhance its capital markets platform and contribute approximately $175–$200 million in quarterly revenue post-closing [4]. - The company anticipates achieving positive operating leverage of 200 basis points or more in 2026, reflecting its focus on technology and digital innovation [5]. - USB's revenues grew at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2025, with expectations of 4–6% year-over-year growth in total net revenues for 2026 [6]. - The Zacks Consensus Estimate for USB's sales indicates year-over-year growth of 5.9% and 6.0% for 2026 and 2027, respectively [6][9]. - USB's current forward P/E ratio is 10.19X, lower than MTB's 10.97X, indicating a more attractive valuation [20][30]. - USB raised its quarterly dividend by 4% to 52 cents per share in September 2025, resulting in a dividend yield of 3.97% [23][25]. Group 2: M&T Bank Corporation (MTB) - MTB has expanded through strategic acquisitions, including the $8.3 billion acquisition of People's United Financial in 2022, enhancing its geographic footprint and deposit franchise [11]. - The bank has invested in technology and data-driven capabilities, partnering with Amperity for an AI-powered customer data cloud platform in 2025 [12]. - MTB's revenue recorded a CAGR of 7.8% from 2018 to 2025, with management projecting NII for 2026 to be between $7.20 billion and $7.35 billion [13]. - The Zacks Consensus Estimate for MTB's sales indicates growth of 3.2% and 4.4% for 2026 and 2027, respectively [13][14]. - MTB's total debt as of December 31, 2025, was $13.1 billion, lower than its cash and interest-bearing deposits of $18.8 billion [16]. - MTB increased its quarterly dividend by 11.1% to $1.50 per share in August 2025, resulting in a dividend yield of 2.85% [25]. Group 3: Comparative Analysis - Over the past six months, USB shares have increased by 6.1%, while MTB shares rose by 5.3%, both outperforming the industry growth of 5.9% [18]. - Both banks have been rewarding shareholders through capital return initiatives, with USB offering a higher dividend yield compared to MTB [23][25]. - USB's clearer growth narrative driven by digital banking capabilities and payments innovation positions it favorably for long-term revenue growth compared to MTB [29][30].