8 unchanged sentences
While the future effects of rising and falling rates on deposit balances cannot be known, the Company maintains a practice of running multiple rate scenarios, when relevant, to better understand interest rate risk and its effect on the Company’s performance.
−Removed: June 30, 2025 March 31, 2025
+Added: September 30, 2025 June 30, 2025
(Dollars in millions)
5 unchanged sentences
300 basis points falling (54.9) (5.00) (55.6) (5.02)
−Removed: Under the simulation, in the three rising rate scenarios and three falling rate scenarios, interest rate risk is more asset sensitive when compared to the scenarios in the previous quarter.
−Removed: This change was primarily due to fluctuations in average interest earning cash balances at the Federal Reserve and lower premium money market deposit account promotional rates, partly offset by growth in those deposit account balances.
+Added: Under the simulation, in the three rising rate scenarios, interest rate risk is more asset sensitive when compared to the scenarios in the previous quarter.
+Added: This change was primarily due to fluctuations in average interest earning cash balances at the Federal Reserve coupled with a reduction in the Federal funds rate which resulted in lower projected deposit rates.
+Added: In the falling rate scenarios, there was a slight change when compared to the previous quarter, primarily due to fluctuations in average interest earning cash balances at the Federal Reserve, mostly offset by interest rate floors that were further in the money in the current quarter's falling rate scenarios.
The comparison above provides insight into potential effects of changes in rates on net interest income.
1 unchanged sentence
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.