6 unchanged sentences
Adherence to relevant policies is monitored on an ongoing basis by the Asset/Liability Committee.
−Removed: The Company has a total cumulative gap in interest-earning assets and interest-bearing liabilities of 5.1% as of March 31, 2025, indicating that, overall, assets will reprice before liabilities during the expected life of the instruments.
+Added: The Company has a total cumulative gap in interest-earning assets and interest-bearing liabilities of 5.3% as of June 30, 2025, indicating that, overall, assets will reprice before liabilities during the expected life of the instruments.
Cumulative gap is a useful measure to monitor balance sheet match-funding, yet economic value of equity and net interest income simulations, discussed below, are more useful in understanding potential impacts to earnings from a change in interest rates.
18 unchanged sentences
The Company believes that regular modeling of various interest rate outcomes allows it to assess and manage potential risks from various rate shifts.
−Removed: The table below sets forth an approximation of the Company’s NII sensitivity exposure for the 12-month periods ending March 31, 2026 and 2027, and the Company’s EVE sensitivity at March 31, 2025 under instantaneous parallel interest rate shocks assuming a static balance sheet.
−Removed: The simulation uses projected repricing of assets and liabilities at March 31, 2025, on the basis of contractual maturities, anticipated repayments and scheduled rate adjustments.
+Added: The table below sets forth an approximation of the Company’s NII sensitivity exposure for the 12-month periods ending June 30, 2026 and 2027, and the Company’s EVE sensitivity at June 30, 2025 under instantaneous parallel interest rate shocks assuming a static balance sheet.
+Added: The simulation uses projected repricing of assets and liabilities at June 30, 2025, on the basis of contractual maturities, anticipated repayments and scheduled rate adjustments.
Critical model assumptions such as loan and investment prepayment rates, deposit decay rates, deposit betas and lags and assumed replacement pricing can have a significant impact on interest income simulation.
4 unchanged sentences
Percentage Change in EVE
−Removed: Basis Point ("bp") Change in
−Removed: Interest Rates 12 Months Ending March 31, 2026 12 Months Ending March 31, 2027 As of March 31, 2025
+Added: Basis Point Change in
+Added: Interest Rates 12 Months Ending June 30, 2026 12 Months Ending June 30, 2027 As of June 30, 2025
+300 12.4 % 8.6 % (9.9 %)
15 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.