Risk Factors Update Summary
- Recent negative developments in the banking industry eroded customer confidence, affecting liquidity and operations.
- Uninsured deposits as a percentage of non-brokered deposits increased from 25.3% in 2022 to 35.2% in 2023.
- Market volatility due to high-profile bank failures may impact Equity Bank's liquidity and profitability.
- Climate change legislative initiatives may disrupt business operations and impact customer creditworthiness.
- Uninsured deposits scrutiny may lead to increased regulatory costs and reduced profitability.
- Cybersecurity risks have significantly increased for banking organizations.
- Increased regulatory scrutiny and new regulations may raise costs and reduce profitability.
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=1227500&owner=exclude
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