9 unchanged sentences
This quantitative analysis measures interest rate risk from both a capital and earnings perspective.
−Removed: With regard to earnings, movements in interest rates and the shape of the yield curve significantly influence the amount of net interest income that is recognized.
+Added: With regard to earnings, movements in interest rates and the shape of the yield curve significantly influence the amount of net
+Added: interest income that is recognized.
Movements in market interest rates significantly influence the spread between the interest earned on our interest-earning assets and the interest paid on our interest-bearing liabilities.
2 unchanged sentences
With regard to capital, our internal interest rate risk analysis calculates the sensitivity of our economic value of equity (“EVE”) ratio to movements in interest rates.
−Removed: EVE represents the present value of the expected cash flows from our assets less the present
−Removed: value of the expected cash flows arising from our liabilities.
+Added: EVE represents the present value of the expected cash flows from our assets less the present value of the expected cash flows arising from our liabilities.
EVE attempts to quantify our economic value using a discounted cash flow methodology while the EVE ratio reflects that value as a form of capital ratio.
3 unchanged sentences
The model requires that interest rates remain positive for all points along the yield curve for each rate scenario which may preclude the modeling of certain falling rate scenarios.
−Removed: The table below sets forth, as of June 30, 2023, the estimated changes in EVE and net interest income at risk that would result from the designated instantaneous changes in market interest rates.
+Added: The table below sets forth, as of September 30, 2023, the estimated changes in EVE and net interest income at risk that would result from the designated instantaneous changes in market interest rates.
Computations of prospective effects of hypothetical interest rate changes are based on numerous assumptions, including relative levels of market interest rates, loan prepayments and deposit decay, and should not be relied upon as indicative of actual results.
19 unchanged sentences
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.