Risk Factors Update Summary
- Management determines the amount of the ACL by considering historical losses and external factors. This process is critical to financial results.
- Increased cost of borrowings, additional borrowings, and leverage could raise the risk of customer default.
- Financial challenges at other institutions and geopolitical tensions may adversely affect business operations.
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=719220&owner=exclude
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