Risk Factors Update Summary
- The U.S. economy faced challenges in 2023 but showed resilience with stronger-than-expected results.
- The Company accrued $16.0 million in Q4 2023 for a special assessment related to FDIC regulations.
- The benchmark interest rate increased from 4.25% to 4.50% by the end of 2022.
- The interest rate further increased to 5.25% to 5.50% by the end of July 2023.
- The Company's revenue contribution increased from 63% to 64% for the year ended December 31, 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=22356&owner=exclude
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