USBUS BANCORP \DE\
National Commercial Banks
- Revenue
- $28.7B
- 4.4% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $95.1B
- Employees
- 68,520
- $418K revenue each
- Net debt / EBITDA
- —
- $34.8B net debt
- AI in 10-K
- 0.5
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo105% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo46% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$418K · 81st pctBottom quartile of its SIC industry
- Quiet on AIYes0.5 per 10K words · 21st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$95.1B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$13M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $24.3B | $28.1B | $27.5B | $28.7B | 4.4% |
| Net income | $8.0B | $5.8B | $5.4B | $6.3B | $7.6B | 20% |
| Operating cash flow | $9.9B | $21.1B | $8.4B | $11.3B | $8.0B | 30% |
| Stock-based comp | $207M | $202M | $224M | $232M | $235M | 1.3% |
| Buybacks | $1.6B | $69M | $62M | $173M | $489M | 183% |
| Dividends | $2.6B | $2.8B | $3.0B | $3.1B | $3.2B | 2.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $13M · 7
- Net
- −$13M
Pay vs performance
No pay-versus-performance disclosure yet.