What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2024-10-29 compared with 2024-07-30 · 1 added, 1 removed, 26 unchanged (7% of the section changed)

11 unchanged sentences

We do not enter into derivative or interest rate transactions for speculative purposes.

As of June 30, 2024, we had $3.2 billion principal amount of fixed-rate debt outstanding and $1.1 billion principal amount of floating-rate debt outstanding.

As of September 30, 2024, we had $3.2 billion principal amount of fixed-rate debt outstanding and $1.2 billion principal amount of floating-rate debt outstanding.

The following table quantifies the potential changes in annual net income should interest rates decrease or increase by 10, 50 and 100 basis points, assuming no change in our interest earning assets, interest bearing liabilities, derivative contracts or the shape of the yield curve (i.e., relative interest rates).

13 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.