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U.S. Bancorp (NYSE:USB ) Q3 2024 Earnings Call Transcript October 16, 2024 8:00 AM ET Company Participants George Andersen - SVP and Director of IR Andy Cecere - Chairman and CEO John Stern - CFO Gunjan Kedia - President Conference Call Participants Scott Siefers - Piper Sandler John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Erika Najarian - UBS Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Vivek Juneja - JPMorgan Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Operator Hello, and welcome to the U.S. Bancorp Third Quarter 2024 Earnings Conference Call. Following a review of the results, there will be a formal question-and-answer session.

U.S. Bancorp (USB) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.05 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for U.S. Bancorp (USB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

PLANO, Texas--(BUSINESS WIRE)--Diodes Incorporated (Diodes) (Nasdaq: DIOD) today releases two USB Type-C® Power Delivery (PD) 3.1 extended power range (EPR) sink controllers. These can be embedded into battery-powered devices and other types of equipment using a USB Type-C socket as a power source, including routers, wireless speakers, power banks, and power tools. The AP33771C and AP33772S support product designers transitioning from proprietary charging ports, legacy USB ports, and barrel-jac.

The rise of remote work and content creation is driving the demand for versatile USB devices, including hubs and docking stations, to enhance connectivity. The rise of remote work and content creation is driving the demand for versatile USB devices, including hubs and docking stations, to enhance connectivity.

The largest banks in the U.S. are looking at more favorable capital rules under a proposal laid out last year. The new framework relaxes previously stringent capital rules for banks with assets between $100 billion and $250 billion.

BEAVERTON, Ore.--(BUSINESS WIRE)--USB Implementers Forum (USB-IF), the support organization for the advancement and adoption of USB technology, today announced the launch of the USB-IF Conformity to IEC 62680 (USB) Specifications Program. This new initiative is designed to assist Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs) in conforming to the basic requirements of the European Union (EU) Common Charger Directive, which mandates the use of standardized charging.

U.S. Bancorp's ((USB) banking division U.S. Bank's collaboration is in line with its alliance strategy to broaden the company's regional reach and better serve its customers.

U.S. Bancorp's (USB) banking subsidiary, U.S. Bank, acquires Salucro Healthcare Solutions. This is likely to enhance its healthcare payment solutions.

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States. Salucro had previously been a partner of Elavon, the merchant acquiring unit within U.S. Bank. U.S. Bank initi.