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 6.3% as of September 30, 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 6.7% as of March 31, 2026, 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.
14 unchanged sentences
The simulation analysis incorporates management’s current assessment of the risk that pricing margins will change adversely over time due to competition or other factors.
−Removed: Simulation analysis is only an estimate of interest rate risk exposure at a particular point in time.
−Removed: The Company regularly models various forecasted rate projections with non-parallel shifts that are reflective of potential current rate environment outcomes.
−Removed: Under these scenarios, the Company’s interest rate risk profile may increase in asset sensitivity, decrease in asset sensitivity, or depending on the scenario and timing of anticipated rate changes, may transition to a liability sensitive interest rate risk profile.
−Removed: The Company believes that regular modeling of various interest rate outcomes allows it to assess and manage potential risks from various rate shifts.
−Removed: Table of Conten t s
−Removed: The table below sets forth an approximation of the Company’s NII sensitivity exposure for the 12-month periods ending September 30, 2026 and 2027, and the Company’s EVE sensitivity at September 30, 2025 under instantaneous parallel interest rate shocks assuming a static balance sheet.
−Removed: The simulation uses projected repricing of assets and liabilities at September 30, 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 March 31, 2027 and 2028, and the Company’s EVE sensitivity at March 31, 2026 under instantaneous parallel interest rate shocks assuming a static balance sheet.
+Added: The simulation uses projected repricing of assets and liabilities at March 31, 2026, 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.
5 unchanged sentences
Basis Point Change in
−Removed: Interest Rates 12 Months Ending September 30, 2026 12 Months Ending September 30, 2027 As of September 30, 2025
+Added: Interest Rates 12 Months Ending March 31, 2027 12 Months Ending March 31, 2028 As of March 31, 2026
+300 17.9 % 13.1 % (7.2 %)
14 unchanged sentences
Regular, robust modeling of various interest rate outcomes allows the Company to properly assess and manage potential risks from various rate shifts.
−Removed: Table of Conten t s
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.