Risk Factors Update Summary
- Geographic Risks increased from 30 to 41. This change might result in increased exposure to specific geographic vulnerabilities.
- Credit Losses rose from $59 million to $170 million in 2023. This significant increase may impact financial performance.
- Fixed Income Trading Liabilities decreased from $301 million to $480 million in 2023. This change may impact trading operations and financial results.
- Credit Risks decreased from 50 to 46. This change may indicate improved credit risk management strategies.
- Consumer Real Estate Portfolio decreased from 12% to 9%. This change may indicate a shift in the composition of the portfolio.
- Exit Mortgage Risks decreased from 40 to 35. This change suggests reduced risks associated with exiting the mortgage business.
- Deposit Levels decreased from 55% to 53% of total loans and leases. This change may affect funding stability.
- Preferred stock outstanding reduced from six to five, potentially impacting dividend distribution.
- Regulatory approval changes reduced from 51 in 2022 to 48 in 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=36966&owner=exclude
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