Risk Factors Update Summary
- Federal budget deficit concerns and potential political conflict may increase the possibility of a default by the U.S. government on its debt obligations, impacting financial markets.
- Commercial real estate loans increased from $12 billion to $14 billion, now accounting for 43% of the total loan portfolio.
- The Federal Reserve raised benchmark interest rates throughout 2022 and 2023, impacting Old National's competitive pressure and earnings.
- The failure of other financial institutions may cause deposit outflows, affecting liquidity and borrowing capacity.
- The Company faces increased legal/regulatory scrutiny, potentially resulting in fines, penalties, lawsuits, and reputational damage.
- Changes in accounting policies or challenges to interpretations may impact the performance of the loan portfolio.
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=707179&owner=exclude
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