16 unchanged sentences
The model includes deposit beta assumptions which are estimates of changes in interest-bearing deposit pricing for a given change in market interest rates.
−Removed: In the current model scenario, deposit betas in falling rate scenarios are significantly lower than the deposit betas in rising rate scenarios.
−Removed: This results in a smaller deposit repricing benefit in falling rate scenarios.
The results of the rate shocks are measured in two forms:
6 unchanged sentences
This analysis does not represent a forecast and should not be relied upon as being indicative of expected operating results.
−Removed: At June 30, 2024
+Added: At September 30, 2024
Sensitivity of Net Interest Income Over One Year Horizon
5 unchanged sentences
200 basis points falling 5,427 6.36
+Added: 300 basis points falling 6,536 7.66
Computations of the prospective effects of hypothetical interest rate changes are based on numerous assumptions.
3 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.