U.S. Bancorp Q1 2020 Earnings Call Summary - Thomson StreetEvents

U.S. Bancorp Q1 2020 Earnings Call Summary

U.S. Bancorp Q1 2020 Earnings Call Summary - Thomson StreetEvents
U.S. Bancorp Q1 2020 Earnings Call Summary
Published Apr 15, 2020
Published Apr 15, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of USB.N earnings conference call or presentation 15-Apr-20 1:00pm GMT

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
US Bancorp
Ticker
USB.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Rahul Suresh Patil - Evercore ISI Institutional Equities, Research Division - Analyst : This is Rahul Patil. I'm here for John. I just want to revisit the whole discussion around reserve level and cumulative loss. So per your 2019 DFAST results, so you had $16.3 billion of losses per the fed's projections over 9 quarters, and I believe it was $12.5 billion losses per your own model. Your reserve right now stands around $6.6 billion. I just want to get a sense for what portion of that cumulative losses are you assuming right now when you're sizing up the current reserve level and/or potential incremental reserve build in coming quarters?

Question: Rahul Suresh Patil - Evercore ISI Institutional Equities, Research Division - Analyst : Got it. All right. And then you said it's $5.7 billion of loans that you've modified. Is that mainly consumer loans? Or have you begun restructuring commercial loans as well?

Question: Rahul Suresh Patil - Evercore ISI Institutional Equities, Research Division - Analyst : Got it. All right. And then just one last question. So I'm looking at your LCR disclosures as of year-end where it seems like you assumed around $18.6 billion of line drawdowns. That compares to the $22 billion that you cited today. So just a 2-part question. So what sort of stress scenario is baked into that LCR disclosure over a 30-day period? And how does that compare with the environment today? And then secondly, was there some impact to the line drawdowns you saw in March due to window dressing by companies? Or do you expect another way of drawdowns in coming weeks?

Question: Rahul Suresh Patil - Evercore ISI Institutional Equities, Research Division - Analyst : Yes. So basically, I was just looking at your LCR disclosures where it seems like you were assuming $18 billion to $19 billion of drawdowns over a 30-day stress period. And I'm just wondering, like, what sort of stress scenario were you assuming in your LCR disclosures? And how does that compare with the scenario that you're seeing today?

Table Of Contents

U.S. Bancorp at Barclays Global Financials New York Conference (Virtual) Transcript – 2020-09-15 – US$ 54.00 – Edited Transcript of USB.N presentation 15-Sep-20 6:00pm GMT

U.S. Bancorp Q2 2020 Earnings Call Summary – 2020-07-15 – US$ 54.00 – Edited Brief of USB.N earnings conference call or presentation 15-Jul-20 1:00pm GMT

U.S. Bancorp Q2 2020 Earnings Call Transcript – 2020-07-15 – US$ 54.00 – Edited Transcript of USB.N earnings conference call or presentation 15-Jul-20 1:00pm GMT

U.S. Bancorp at Morgan Stanley Virtual US Financials Conference Transcript – 2020-06-10 – US$ 54.00 – Edited Transcript of USB.N presentation 10-Jun-20 2:15pm GMT

U.S. Bancorp Q1 2020 Earnings Call Transcript – 2020-04-15 – US$ 54.00 – Edited Transcript of USB.N earnings conference call or presentation 15-Apr-20 1:00pm GMT

U.S. Bancorp at RBC Global Financial Institutions Conference Transcript – 2020-03-11 – US$ 54.00 – Edited Transcript of USB.N presentation 11-Mar-20 2:00pm GMT

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MLA:
Thomson StreetEvents. "U.S. Bancorp Q1 2020 Earnings Call Summary" Apr 15, 2020. Alacra Store. May 05, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2020-U-S-Bancorp-Earnings-Call-B12734383>
  
APA:
Thomson StreetEvents. (2020). U.S. Bancorp Q1 2020 Earnings Call Summary Apr 15, 2020. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2020-U-S-Bancorp-Earnings-Call-B12734383>
  
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