U.S. Bancorp (USB) Q1 2023 Earnings Call Transcript

U.S. Bancorp (NYSE:USB) Q1 2023 Earnings Conference Call April 19, 2023 10:00 AM ET

Company Participants

George Anderson - Senior Vice President & Director, Investor Relations
Andy Cecere - Chairman, President & Chief Executive Officer
Terry Dolan - Vice Chair & Chief Financial Officer

Conference Call Participants

Scott Siefers - Piper Sandler
Erika Najarian - UBS
Mike Mayo - Wells Fargo Securities
John McDonald - Autonomous Research
John Pancari - Evercore
Gerard Cassidy - RBC
Ebrahim Poonawala - Bank of America
Matt O'Connor - Deutsche Bank
Chris Kotowski - Oppenheimer & Co.
Ken Usdin - Jefferies
Vivek Juneja - JPMorgan
Erika Najarian - UBS

Operator

Welcome to the U.S. Bancorp First Quarter 2023 Earnings Conference Call. Following a review of the results, there will be a formal question-and-answer session. [Operator Instructions] This call will be recorded and available for replay beginning today at approximately 11 o'clock A.M. Central Time.

I will now turn the conference call over to George Anderson, Senior Vice President and Director of Investor Relations for U.S. Bancorp.

George Anderson

Thank you, Brad. Good morning everyone. With me today are Andy Cecere, our Chairman, President, and Chief Executive Officer; and Terry Dolan, our Vice Chair and Chief Financial Officer. During the prepared remarks, Andy and Terry will be referencing a slide presentation.

A copy of the presentation a s well as our earnings release and supplemental analyst schedules are available on our website at usbank.com. I would like to remind you that any forward-looking statements made during today's call are subject to risk and uncertainty.

Factors that could materially change our current forward-looking assumptions are described on page two of today's presentation, in our press release, our Form 10-K and its subsequent reports on file with the SEC. Following their prepared remarks, Andy and Terry will take any questions that you