Risk Factors Update Summary
- Financial institutions are susceptible to external events compromising systems, causing significant damage.
- Armed conflicts could increase the allowance for loan losses, affecting the global economy.
- FNCB may incur substantial expenses related to the merger, impacting financial results.
- Adverse events can impact operations, result in additional expenses, and impair borrowers' ability to repay loans.
- The merger with PFIS may result in a fluctuating stock price affecting shareholder value.
- The CECL model became applicable on January 1, 2023, affecting capital ratios.
- Failure or delay in the merger could negatively impact FNCB, leading to financial consequences.
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=1035976&owner=exclude
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