Risk Factors Update Summary
- Increased credit risk due to higher credit losses from concentrated loans by exposure. This may impact financial results.
- Liquidity risks heightened by potential increase in FDIC premiums, impacting funding costs significantly.
- Regulatory compliance risks increased due to evolving laws, potential civil or criminal referrals, and confidential supervisory actions.
- Operational risks from cybersecurity threats, including increased costs and potential disruptions from cyber-attacks.
- Strategic risks from real-time payments networks adoption, impacting profitability, liquidity reserves, and fraud losses.
- Reputation risks from ESG issues, regulatory scrutiny, and potential negative impacts on business and stock price.
- General business risks from changes in accounting standards impacting reported earnings and financial condition.
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=35527&owner=exclude
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