34 unchanged sentences
The EAR analysis used in the following table reflects the required analysis used no less than quarterly by management.
−Removed: It models basis point parallel shifts in market interest rates over the next one-year period.
−Removed: The following table shows the results of the scenarios as of December 31, 2023:
+Added: It models immediate basis point parallel shifts in market interest rates over the next one-year period.
+Added: The following table shows the results of the scenarios as of March 31, 2024:
Net Sensitive Earnings at Risk
7 unchanged sentences
Percentage change from base -12.3 % -6.1 % — % 5.8 % 11.5 % 17.2 % 23.0 %
−Removed: The EAR analysis reported at December 31, 2023 , shows that total interest-sensitive income will change more rapidly than total interest-sensitive expense over the next year.
+Added: The EAR analysis reported at March 31, 2024 , shows that total interest-sensitive income will change more rapidly than total interest-sensitive expense over the next year.
IRR is a snapshot in time.
5 unchanged sentences
It models immediate basis point parallel shifts in market interest rates.
−Removed: The following table shows the results of the scenarios as December 31, 2023:
+Added: The following table shows the results of the scenarios as March 31, 2024:
Economic Value Sensitivity
3 unchanged sentences
Percentage change from base -7.6 % -3.1 % 2.2 % 3.7 % 4.9 % 6.7 %
−Removed: The EVE at risk reported at December 31, 2023 shows that the economic value of equity position is expected to benefit from rising interest rates due to the large amount of noninterest-bearing funding.
+Added: The EVE at risk reported at March 31, 2024 shows that the economic value of equity position is expected to benefit from rising interest rates due to the large amount of noninterest-bearing funding.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.