What changed 10-Q

Item 1A. Risk Factors

2025-11-06 compared with 2025-08-05 · 1 added, 1 removed, 12 unchanged (14% of the section changed)

9 unchanged sentences

During the third quarter of 2025, we completed a balance sheet repositioning focused on our investment securities portfolio in which we reclassified our held-to-maturity securities to available-for-sale and then sold approximately $3.2 billion (amortized cost basis) of investment securities.

The sale of investment securities resulted in an estimated, realized after-tax loss of approximately $ 604.0 million (based on an estimated tax rate of 24.3%), which will be recorded during the third quarter of 2025.

The sale of investment securities resulted in a realized after-tax loss of approximately $625.6 million (based on actual tax rate of 21.946%).

We expect that the losses described above should be entitled to ordinary treatment.

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.