Risk Factors Update Summary
- Monetary and fiscal policies, including FRB actions, significantly impact cost and availability of funds.
- Future regulatory and legislative initiatives could unpredictably affect operations and profitability.
- Material weaknesses in internal control over financial reporting could result in misstatements.
- Acquisitions pose risks such as unknown liabilities, integration challenges, and potential losses.
- Fluctuations in interest rates could reduce profitability, especially if the yield curve flattens.
- Deterioration in loan portfolio quality may lead to additional charge-offs, impacting financial condition.
- Continued monetary tightening by the FOMC in 2023 will likely decrease mortgage demand.
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.
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