DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2016 Annual Report GreatWesternBank.com 1 Great Western Bancorp, Inc. Making Life Great 2 TO OUR STOCKHOLDERS Focusing on What Matters As a locally-focused community bank, our company has always been about building meaningful relationships with the individuals and businesses we serve. Simply put, our mission is to Make Life Great. We do that by living our values of putting the customer first and doing the right thing. Making Life Great is part of our culture and our employees live up to those values every day. In FY16, Making Life Great was defined in a number of new and exciting ways. Our financial performance for the most recent fiscal year was once again strong. Net income grew by 20.1% year- over-year and fully-diluted EPS increased by 21.6%. Each of these measures are calculated excluding the impact of non-recurring costs we incurred related to the acquisition of HF Financial Corp. Our return on average tangible common equity was an impressive 15.1%, driven largely by our outstanding efficiency ratio of 49.6%. Finally, we increased our quarterly dividend to $0.17 per share, an increase of 21%. Driving performance and results has always been a part of Making Life Great, but in FY16 our company delivered under pressure. Four months after National Australia Bank, Ltd. completed its divestiture of GWB, we returned to the acquisition arena and announced our agreement to acquire HF Financial Corp., a strong South Dakota-based organization with $1.2 billion in total assets. The acquisition, valued at $142 million, signaled a clear indication to the market that we were returning to our acquisitive roots. The transaction added a presence in two key markets, Fargo, ND and Minneapolis, MN, and boosted our company over $10 billion in consolidated View our 2016 Interactive Annual Report at www.GreatWesternBank.com/2016. 3 Great Western Bancorp, Inc. total assets, a key regulatory threshold, which will subject us to greater regulatory scrutiny and governance requirements. We have been working on a number of projects to prepare to meet these requirements for some time now and I am confident we will be up to the challenge. Understanding that we can’t be successful with growth through acquisitions alone, we grew organically by focusing on existing and new markets, including establishing a branch presence in Waterloo, IA and Scottsdale, AZ. Making Life Great in FY16 also meant we grew our products and service lines by offering our customers improvements to our digital banking platform, our business cash management offering and by improving the way we communicate in our increasingly technological world. Ken Karels We have been managing credit risk resulting from lower commodity prices President & Chief Executive Officer for some time now. There is no doubt our customers in the agriculture industry are under pressure and will likely continue to be for the next couple of years. But I believe we will manage through this downturn in part because of our diversified loan portfolio and because of our experience in the agriculture arena. We stand ready to manage the future of banking with the challenges in net interest margin, cost and regulatory compliance as we have navigated these successfully in the past. We want to be a part of the solution to challenges facing our communities. In FY16, Making Life Great meant creating a new program at Great Western Bank to help our neighbors. Our Making Life Great Grants initiative grew out of a desire to help solve many of the complex issues facing our “Simply put, our communities. We’re excited to see how we can grow our commitment to corporate responsibility in the areas aligned with our strategic priorities of mission is to affordable housing, financial literacy, economic development and more. Make Life Great. We know that in order to be successful as a company our people must first be successful. We are fortunate to have capable, engaged, dedicated We do that and empowered employees and I would like to thank them for their contributions to our success. by living our We welcomed a couple of new directors to our board over the past year. Jim values of putting Brannen joined our board in October 2015. Jim brings a wealth of banking experience as well as valuable expertise in public company governance as the customer CEO of Iowa-based FBL Financial. In October 2016, we welcomed Jim Israel to our board. We value his financial and risk management expertise as past first and doing president of Deere & Company Worldwide Financial Services Division. We also want to recognize outgoing board chairman Andrew “Skip” Hove who the right thing.” will be leaving us in February. Skip has provided many years of dedicated service. I want to thank our entire board for their guidance over these past 12 eventful months of Making Life Great. Ken Karels President & Chief Executive Officer Making Life Great 4 Financial Highlights At and for the fiscal years ended September 30, 2016, 2015 and 2014 (Dollars in thousands except per share amounts) 2016 2015 2014 Operating Data: Interest and dividend income (FTE) $ 403,232 $ 369,957 $ 357,139 Interest expense 33,524 29,884 32,052 Noninterest income 42,537 33,890 39,781 Noninterest expense 207,640 186,794 200,222 Provision for loan and lease losses 16,955 19,041 684 Net income 121,253 109,065 104,952 Adjusted net income1 130,982 109,065 104,952 Earnings per common share - diluted $ 2.14 $ 1.90 $ 1.81 Adjusted earnings per common share - diluted1 2.31 1.90 1.81 Performance Ratios: Net interest margin (FTE) 3.96% 3.94% 4.02% Adjusted net interest margin (FTE)1 3.74% 3.68% 3.79% Return on average total assets 1.16% 1.12% 1.14% Return on average common equity 7.9% 7.5% 7.3% Return on average tangible common equity1 15.1% 15.4% 16.6% Efficiency ratio1 49.6% 48.0% 50.4% Balance Sheet Highlights: Total assets $ 11,531,180 $ 9,798,654 $ 9,371,429 Loans 8,682,644 7,325,198 6,787,467 Deposits 8,604,790 7,387,065 7,052,180 Stockholders’ equity 1,663,391 1,459,346 1,421,090 Capital: Tier 1 capital ratio 11.1% 10.9% 11.8% Total capital ratio 12.2% 12.1% 12.9% Tier 1 leverage ratio 9.5% 9.1% 9.1% Common equity tier 1 ratio 10.2% 10.1% N/A Tangible common equity / tangible assets1 8.5% 8.3% 8.2% Tangible book value per share1 $ 15.55 $ 13.66 $ 12.25 Asset Quality: Nonaccrual loans $ 126,395 $ 68,289 $ 78,905 OREO 10,282 15,892 49,580 Nonaccrual loans / total loans 1.46% 0.93% 1.16% Net charge-offs (recoveries) / average total loans 0.12% 0.13% 0.14% Allowance for loan and lease losses / total loans 0.74% 0.78% 0.70% 1 This is a non-GAAP financial measure management believes is helpful to interpreting our financial results. See the disclosures related to non-GAAP measures in our 10-K for the calculation and reconciliation to the most comparable GAAP measure. 5 Great Western Bancorp, Inc. Our Great Western Bank Blog showcases timely and thoughtful articles designed to GWB Blog inform our customers on a variety of topics. Visit our blog to learn more about our community involvement at www.GreatWesternBank.com/blog. Making Life Great 6 Great Western Bank remains committed to giving back to the diverse communities in which we work and live. In FY16, Great Western Bank contributed $2.05 million in sponsorships and donations to the many communities we serve. COMMUNITY INVOLVEMENT $2.05 By the Numbers Million IN SPONSORSHIPS Great Western Bank has always believed AND DONATIONS in doing the right thing and putting the customer first. These values are embedded within our corporate philosophy. We know that in order to be successful as a company our communities must also thrive. That is Non-profits why Great Western Bank is committed to Served Making Life Great and giving back to help those in need. 1,000+ NEW INITIATIVE FOR 2016 Working Together In FY16, Great Western Bank introduced a new initiative aimed at bolstering our commitment to corporate responsibility. The quarterly Making Life Great Grants are meant to help shape vibrant communities. We want to be part of the solutions to Great Western Bank’s Making Life Great Grant check presentation to the many unique challenges facing our communities. Hawthorn Hill Home Connection program in Des Moines, Iowa. 7 Great Western Bancorp, Inc. Our Leadership Great Western Bank Leadership Team Corporate Secretary Donald J. Straka General Counsel Pamela Russo Assistant Corporate Secretary Ken Karels Peter Chapman Stephen Ulenberg Doug Bass President & CEO Executive VP & CFO Executive VP & CRO Regional President Bryan Kindopp Cheryl Olson Andy Pederson Scott Erkonen Regional President Head of Marketing Head of People CIO and Learning & & Culture Development Board of Directors Andrew Hove Jr. Ken Karels James Brannen Frances Grieb Thomas Henning Chairman President & CEO James Israel Stephen Lacy Daniel Rykhus James Spies For the fiscal year ended September 30, 2016 Form 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2016 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36688 Great Western Bancorp, Inc. (Exact name of registrant as specified in its charter) Delaware 47-1308512 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification Number) 225 South Main Avenue Sioux Falls, South Dakota 57104 (Address of principal executive offices) (Zip Code) (605) 334-2548 Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.01 par value per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Load more

Recommended publications
  • U.S. Bancorp 2009 Annual Report U.S. B Anco Rp 20 09 a Nn Ua L Re
    (1,1) -1- 090314 USB_09AR_cover.indd 2/25/10 3:34:19 PM Quality Strength Leadership U.S. Bancorp U. S. B anco rp 2009 20 09 Annual Report Annual A nn ua l Re po rt 090314 USB_09AR_cover.indd 1 22/25/10/25/10 33:34:18:34:18 PPMM (1,1) -2- 090314 USB_09AR_cover.indd 2/25/10 3:34:47 PM U.S. Bancorp At A Glance Corporate I Ranking U.S. Bank is 5th largest U.S. commercial bank Asset size $281 billion Executive Offi ces U.S. Bancorp Deposits $183 billion 800 Nicollet Mall Loans $195 billion Minneapolis, MN 55 Customers 17.2 million Payment services and merchant processing International Common Stock T and Registrar Wholesale banking and trust services National BNY Mellon Shareow Consumer and business banking our transfer agent a and wealth management Regional paying agent and di Bank branches 3,002 plan administrator, a shareholder records ATMs 5,148 Inquiries related to s NYSE symbol USB stock transfers, cha At year-end December 31, 2009 lost stock certificate and dividend payme to the transfer agent Sustainability Corporate Profi le BNY Mellon Shareow P.O. Box 358015 This annual report was printed at U.S. Bancorp is a diversified financial services Pittsburgh, PA 1525 Hennegan, a company committed Phone: 888-778-13 to sustaining a healthy and safe holding company and the parent company of 201-680-6578 (inter environment by exceeding regulatory Internet: bnymellon. and environmental requirements as U.S. Bank National Association, the fi fth-largest defi ned by local, state and federal commercial bank in the United States.
    [Show full text]
  • Federal Register/Vol. 63, No. 164/Tuesday, August 25, 1998/Notices
    Federal Register / Vol. 63, No. 164 / Tuesday, August 25, 1998 / Notices 45247 indicated. The application also will be and thereby engage in making and or the offices of the Board of Governors available for inspection at the offices of servicing loans, pursuant to § not later than September 8, 1998. the Board of Governors. Interested 225.28(b)(1) of Regulation Y; Money A. Federal Reserve Bank of Chicago persons may express their views in Station, Inc., Columbus, Ohio, and (Philip Jackson, Applications Officer) writing on the standards enumerated in thereby engage in data processing, 230 South LaSalle Street, Chicago, the BHC Act (12 U.S.C. 1842(c)). If the pursuant to § 225.28(b)(14)(i) of Illinois 60690-1413: proposal also involves the acquisition of Regulation Y; and DJJ Leasing Limited, a nonbanking company, the review also Cincinnati, Ohio, and thereby engage in 1. Advance Bancorp, Inc., includes whether the acquisition of the leasing personal or real property, Homewood, Illinois to engage de novo nonbanking company complies with the pursuant to § 225.28(b)(4) of Regulation through its subsidiary, Advance standards in section 4 of the BHC Act. Y. Applicant also applied to acquire an Bancorp, Inc., Homewood, Illinois, in Unless otherwise noted, nonbanking option to acquire 19.9 percent of Star extending credit and servicing loans, activities will be conducted throughout Banc Corporation. pursuant to § 225.28(b)(1) of Regulation the United States. Star Banc Corporation, Cincinnati, Y. Unless otherwise noted, comments Ohio, also has applied to acquire 19.9 Board of Governors of the Federal Reserve regarding each of these applications percent of the voting shares of Firstar System, August 19, 1998.
    [Show full text]
  • U.S. Bancorp (USB)
    Strategic Report for U.S. Bancorp Ah Sung Yang Karen Bonner Andrew Dialynas April 14, 2010 US Bancorp Table of Contents Executive Summary ....................................................................................................... 3 Company Overview ........................................................................................................ 5 Company History ................................................................................................... 5 Business Model ..................................................................................................... 8 Competitive analysis .................................................................................................... 10 Industry Overview ................................................................................................ 10 Porter’s Five Forces Analysis .............................................................................. 11 Competitive Rivalry......................................................................................... 11 Entry and Exit ................................................................................................. 12 Supplier Power ............................................................................................... 13 Buyer power ................................................................................................... 14 Substitutes and Complements ........................................................................ 15 Financial Analysis .......................................................................................................
    [Show full text]
  • View Annual Report
    2669_Narr_p01-17_Q6.qxd 2/26/07 5:42 PM Page A 2006 annual report and form 10-k positive results strategic acquisitions return to shareholders financial performance enhanced customer data protection top banking team agency ratings credit quality expanded distribution investments in our business european payments expansion new products 2669_Narr_p01-17_Q6.qxd 2/26/07 5:42 PM Page B positive results come in various forms– sustainable earnings, geographic expansion, technological advances, customer service, competitive advantages, shareholder return, innovative products and dedicated employees. we delivered positive results on many fronts in 2006. CORPORATE PROFILE U.S. Bancorp, with total assets of Our company’s diverse business mix $219 billion at year-end 2006, is a of products and services is provided diversified financial holding company through four major lines of business: serving more than 14.2 million Wholesale Banking, Payment Services, customers. U.S. Bancorp is the parent Wealth Management and Consumer company of U.S. Bank, the sixth Banking. Detailed information about largest commercial bank in the U.S. these businesses can be found U.S. Bank operates 2,472 banking throughout this report. U.S. Bancorp offices in 24 states, primarily in is headquartered in Minneapolis, MN. the lower and upper Midwest and U.S. Bancorp employs approximately throughout the Southwest and 50,000 people. Northwest, and conducts financial business in all 50 states. Visit U.S. Bancorp online at usbank.com CONTENTS FINANCIALS page 2 corporate overview page
    [Show full text]
  • Forward Wisconsin 1999 Annual Report
    Annual Report 1 9 9 9 Business in Motion Message from the Governor Dear Wisconsin Friends: Wisconsin has enjoyed an unprecedented period of economic development success during the past decade. We can all take pride in the pro-business, pro-jobs climate that we have created in our great state. By working together, as strong partners, we have built a strong economic founda- tion that supports business growth, development and diversity. Our common goal of strengthening our economy and individual businesses has culminated in an exceptional network of partners throughout the state that assist Forward Wisconsin and the Department of Commerce in their efforts to further stimulate business investment. I take great pride in the fact that I am a part of that dedicated network of partners, playing an integral role in working with you to make our state a better place in which to work, play and do business. For Wisconsin is a state that exemplifies the spirit of leadership and progressive business growth. And as we approach the new millennium, we can be proud of our collective accomplishments and revel in the final results. Yet, Wisconsin’s leaders continue to look to the future and embrace new directions and challenges; challenges that will provide our state’s next generation with a vital Tommy G. Thompson, index of growth opportunities and economic development potential. Governor & Forward Wisconsin Chairman Forward Wisconsin is helping to pave the way for this new direction with the results of their 1999 target industry market research. The research, conducted by The Wadley-Donovan Group, took a comprehensive look at the business climate and revealed a framework for future marketing efforts.
    [Show full text]
  • Amendment No
    SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Name of Issuer: MGIC Investment Corporation Title of Class of Securities: Common Stock, Par $1.00 CUSIP Number: 552848 10 3 Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 552848 10 3 13G 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Firstar Corporation 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION State of organization: Wisconsin NUMBER OF 5.
    [Show full text]
  • H.2 Actions of the Board, Its Staff, and The
    BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D. C. 20551 CORRECTION: For the week ending November 20, 1993, H.2 No. 48, the Actions of the Board, was attached to H.2 No. 47, Reports Received. Attached is the correct copy of the H.2 for the week ending November 27, 1993. Also attached is the correct copy of the Actions of the Board for the week ending November 20, 1993. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ANNOUNCEMENT H.2, 1993, No. 48 Actions of the Board, its Staff, and BOARD OF GOVERNORS the Federal Reserve Banks; OF THE Applications and Reports Received FEDERAL RESERVE SYSTEM During the Week Ending November 27, 1993 ACTIONS TAKEN BY THE BOARD OF GOVERNORS BANK HOLDING COMPANIFg Chemical Banking Corporation, New York, New York -- to engage in underwriting and dealing in, to a limited extent, all types of bank-ineligible equity securities through Chemical Securities Inc. Approved, November 24, 1993. Chemical Banking Corporation, New York, New York -- request for subsidiary banks and broker dealer subsidiaries of those banks to act as a riskless principal or broker for customers in buying and selling bank-eligible securities that Chemical's section 20 subsidiary deals in or underwrites. Approved, November 24, 1993. First Alabama Bancshares, Inc., Birmingham, Alabama - to acquire Secor Bank, F.S.B. Approved, November 22, 1993. BANK MERGERS First Alabama Bank, Birmingham, Alabama --to acquire certain assets and assume certain liabilities of Secor Bank, F.S.B. Approved, November 22, 1993. BOARD OPERATIONS Budget for 1994.
    [Show full text]
  • 125 Broad Street New York, NY 10004-2498
    125 Broad Street TELEPHONE: 1-212-558-4000 FACSIMILE: 1-212-558-3588 New York, NY 10004-2498 WWW.SULLCROM.COM ______________________ LOS ANGELES • PALO ALTO • WASHINGTON, D.C. FRANKFURT • LONDON • PARIS BEIJING • HONG KONG • TOKYO MELBOURNE • SYDNEY February 5, 2015 CONFIDENTIAL TREATMENT REQUEST Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045. Attention: Ivan J. Hurwitz Vice President, Bank Applications Re: CIT Group Inc. Proposed Acquisition of IMB Holdco LLC – Supplemental Submission Ladies and Gentlemen: On behalf of our clients, CIT Group Inc. and Carbon Merger Sub LLC (together, the “Applicants”), enclosed please find a supplemental submission, prepared by the Applicants, to the Applicants’ application, dated August 20, 2014, to the Board of Governors of the Federal Reserve System (the “Board”) in connection with the Applicants’ proposed acquisition of IMB Holdco LLC and certain related transactions (the “Application”). We have enclosed the supplemental submission in two separate volumes: (i) an unredacted, confidential version of the supplemental submission, which has been marked “Confidential Treatment Requested” (the “Confidential Materials”) and (ii) a public, redacted version of the supplemental submission , which has been marked “Public Version”. Pursuant to the Freedom of Information Act, 5 U.S.C. § 552, and the regulations of the Board, 12 C.F.R. Part 261, we hereby respectfully request on behalf of the Applicants that the Confidential Materials be treated confidentially and not be made available for public inspection or copying. * The Confidential Materials constitute * Under 5 U.S.C. § 552(b)(4), information that a private party has provided to a government agency is exempt from disclosure if it consists of “trade secrets and commercial or financial information obtained from a person and privileged or confidential.” Accord 12 C.F.R.
    [Show full text]
  • Justice Department Requires Firstar Corporation and U.S. Bancorp Inc
    FOR IMMEDIATE RELEASE AT MONDAY, FEBRUARY 5, 2001 (202) 514-2007 WWW.USDOJ.GOV TDD (202) 514-1888 JUSTICE DEPARTMENT REQUIRES FIRSTAR CORPORATION AND U.S. BANCORP INC. TO SELL BRANCH OFFICES IN MINNESOTA AND IOWA WASHINGTON, D.C. -- The Department of Justice today announced that Firstar Corporation and U.S. Bancorp Inc. have agreed to sell a total of 13 branch offices with approximately $756 million in deposits in Minnesota and Iowa in order to resolve antitrust concerns about the companies’ pending merger. The merger will create the eighth-largest bank in the United States. Under the agreement, Firstar will divest 11 branches in the Minneapolis-St. Paul area and approximately $180 million in middle-market loans, and a number of commercial loan officers will be made available for hire to the buyer. In addition, Firstar will divest two branches in Council Bluffs, Iowa. Firstar has also agreed that, for a period of time, it will sell any branches closed in those two markets as a result of the merger to any commercial bank as long as the bank’s offer is equivalent to, or better than, any offer from a non-bank bidder. The proposed merger is subject to the final approval of the Board of Governors of the Federal Reserve System. The Department said that it will advise the Federal Reserve Board that, subject to divestiture of the branch offices and associated loans and deposits, the Antitrust Division will not challenge the merger. - 2 - Firstar Corporation is headquartered in Milwaukee and is a regional multi-state bank holding company.
    [Show full text]
  • 2000 Report to Shareholders
    Building the New U.S. Bancorp Report to Shareholders Contents Corporate Profile 2 Letter to Shareholders The merger of Firstar Corporation and U.S. Bancorp has been completed, and the new company is now called U.S. Bancorp. U.S. Bancorp common stock is traded on the New York Stock Exchange 3 Five Star Service Guarantee under the ticker symbol USB. U.S. Bancorp has the capacity, capability, resources and expertise to deliver the products and services our customers want, when they want them and on their terms. 4 Consumer Banking U.S. Bancorp is a multi-state financial holding company with headquarters in Minneapolis, Minnesota. Since its merger with Firstar Corporation, the new U.S. Bancorp is now the eighth largest financial holding company 6 Commercial Banking in the United States with total assets in excess of $160 billion. Through U.S. Bank, Firstar Bank and other subsidiaries, we serve more than 10 million customers, principally in 24 states. We provide individuals, Private Client and 8 Trust Services businesses, institutions and government entities a comprehensive selection of top quality financial products and services. U.S. Bancorp, its full-service banks and its subsidiaries offer specialized 10 Asset Management expertise and leadership in Consumer Banking, Commercial Banking, Trust and Investment Services, Mortgage Banking, Payment Systems and Insurance Services. Through U.S. Bancorp Piper Jaffray we offer full 12 U.S. Bancorp Piper Jaffray securities brokerage services, asset management, equity capital, fixed income capital and individual investment services. We deliver these products and services through 2,239 U.S. Bank and 14 Payment Systems Firstar banking offices, loan and brokerage offices, hundreds of skilled relationship managers, 5,143 ATMs, Internet Banking and Telephone Banking.
    [Show full text]
  • Form 10-K (NYSE:USB)
    U.S. Bancorp Annual Report 2016 Form 10-K (NYSE:USB) Published: February 25th, 2016 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from (not applicable) Commission file number: 1-6880 U.S. Bancorp (Exact name of registrant as specified in its charter) Delaware 41-0255900 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 800 Nicollet Mall, Minneapolis, Minnesota 55402 (Address of principal executive offices) (Zip Code) (651) 466-3000 (Registrants​ telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, $.01 par value per share New York Stock Exchange Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00) New York Stock Exchange Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00) New York Stock Exchange Depositary Shares (each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock, par value $1.00) New York Stock Exchange Depositary Shares (each representing 1/1,000th interest in a share of Series G Non-Cumulative Perpetual Preferred Stock, par value $1.00) New York Stock Exchange Depositary Shares (each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock, par value $1.00) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • State of Illinois Office of Banks and Real Estate Bureau of Banks and Trust Companies Regulatory Report Regulatory Report Fo
    STATE OF ILLINOIS OFFICE OF BANKS AND REAL ESTATE BUREAU OF BANKS AND TRUST COMPANIES REGULATORY REPORT George H. Ryan - Governor William A. Darr - Commissioner Scott D. Clarke - Assistant Commissioner REGULATORY REPORT FOR THE MONTH OF JULY, 1999 The following regulatory actions were taken by or filed with the State of Illinois, Office of Banks and Real Estate, Bureau of Banks and Trust Companies, during the month ending with the date listed above. The actions include those involving state chartered banks, foreign banking offices, corporate fiduciaries, and foreign bank representative offices. The Regulatory Report is published monthly by the State of Illinois, Office of Banks and Real Estate, Bureau of Banks and Trust Companies. Copies of this report are also available from our web site at www.state.il.us/obr. Questions concerning the contents of this report may be addressed to the Corporate Activities Section at (312) 793-7073. NOTICE OF INTENT TO ESTABLISH A BANK BRANCH Name of Bank/ Address/ Date/Status City County The PrivateBank & Trust 24 S. Second Street 07/06/99-Received Company St. Charles, IL 60174 (Chicago) Kane First Trust Bank of Illinois Messenger Service 07/12/99-Received (Kankakee) Kankakee County NLSB Corner of Route 59 & Caton 07/12/99-Acknowledged (Plainfield) Farm Road Joliet, IL Will Chicago Community Bank 180 N. Michigan Avenue 07/13/99-Acknowledged (Chicago) Chicago, IL 60601 Cook First American Bank Northeast Corner of the 07/15/99-Acknowledged (Carpentersville) Intersection of New York Street and Oakhurst Drive Aurora, IL 60540 DuPage CIB Bank 2580 Sheridan Road 07/15/99-Acknowledged (Hillside) Zion, IL 60099 Lake Central Illinois Bank One Technology Center 07/15/99-Acknowledged (Champaign) 221 Fulton Street Peoria, IL 61602 Peoria American Metro Bank 2124 A S.
    [Show full text]