Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
accurate, accurately, ACL, Adriano, Anthony, behalf, BTFP, Certificate, Certification, challenge, Charter, civil, claim, complement, conducted, confirm, consummate, consummation, County, CRE, created, Delaware, desist, detailed, Duarte, duly, eastern, embedded, environmental, Exact, factoring, feasibility, February, forma, formatted, geographic, iii, imposition, Inline, instance, issuance, iv, iXBRL, Labozzetta, land, Language, Linkbase, living, located, mutual, Nassau, NJ, page, penalty, Pennsylvania, percent, permanent, predominantly, prepay, pro, rapidly, raw, reciprocal, Registry, reliable, Restated, restriction, risen, Schema, shopping, site, size, software, Stockholder, stream, subordinated, sunset, supply, surcharge, Symbol, Taxonomy, telecommunication, thereto, thereunto, tract, undersigned, undertaken, vi, warrant, warranted, wholesale, workout, XBRL
Removed:
accounted, adjusting, Administration, applying, ASC, AUM, Automobile, clarified, concession, continuation, driven, eliminate, ending, enhance, forgiven, forward, granted, granting, improving, introduced, layer, LIBOR, light, met, mitigation, occupancy, occurring, Owner, participated, Paycheck, PPP, prospectively, Protection, repaid, requested, Small, strong, suspended, Targeted, TDR, transitioned, transitioning, treasury, unamortized, unencumbered, United, utility
Financial report summary
?Risks
- Receipt of regulatory approvals has taken longer than expected and may not be received in the future, or may impose conditions that are not presently anticipated or that could have an adverse effect on the combined company that results from the merger of the Company and Lakeland.
- The Company will be subject to business uncertainties and contractual restrictions while the merger is pending.
- The merger agreement may be terminated in accordance with its terms and the merger may not be completed.
- In connection with the merger, the Company will assume Lakeland’s outstanding debt obligations and may need to issue additional debt in order to comply with capital requirements, and the combined company’s level of indebtedness following the completion of the merger could adversely affect the combined company’s ability to raise additional capital and to meet its obligations under its existing indebtedness.
- The Company has incurred and is expected to incur substantial costs related to the merger and integration.
- The Company may have to rely on Lakeland's models post-closing until Lakeland's data can be integrated into the Company's models.
- Failure to complete the merger could negatively impact the Company.
- Combining the Company and Lakeland may be more difficult, costly or time-consuming than expected, and the Company may fail to realize the anticipated benefits of the merger.
- As a result of the mergers, the combined company will become subject to additional requirements and restrictions imposed by the DOJ.
- The combined company's human capital may be affected by inability to retain personnel of the Company and/or Lakeland successfully after the merger is completed.
- Although previously filed litigation related to the merger against the Company, the Company’s board of directors, the Bank, and the Bank’s board of directors has been settled, additional litigation may be filed against the Company, the Company’s board of directors, the Bank, and the Bank’s board of directors in the future, which could prevent or delay the completion of the merger, result in the payment of damages, or otherwise negatively impact the business and operations of the Company and the Bank.
- Changes to the underlying drivers of our net interest income could adversely affect our results of operations and financial condition.
- A general economic slowdown or uncertainty that produces either reduced returns or excessive market volatility could adversely impact our overall profitability, including our wealth management fee income and our access to capital and liquidity.
- If our allowance for credit losses is not sufficient to cover actual loan losses, our earnings could decrease.
- Commercial real estate, commercial and industrial and construction loans expose us to increased risk and earnings volatility.
- The failure to address the federal debt ceiling in a timely manner, downgrades of the U.S. credit rating and uncertain credit and financial market conditions may affect the stability of securities issued or guaranteed by the federal government, which may affect the valuation or liquidity of our investment securities portfolio and increase future borrowing costs.
- We operate in a highly regulated environment and may be adversely affected by changes in laws and regulations.
- As a larger financial institution, we are subject to additional regulation and increased supervision.
- We face regulatory scrutiny based on our commercial real estate lending.
- Future acquisitions may be delayed, impeded, or prohibited due to regulatory issues.
- We may experience impairments of goodwill or other intangible assets in the future.
- Climate change and related governmental action may materially affect the Company’s business and results of operations.
- We may not be able to detect money laundering and other illegal or improper activities fully or on a timely basis, which could expose us to additional liability and could have a material adverse effect on us.
- Strong competition within our market area may limit our growth and profitability.
- A cyber-attack, data breach, or a technology failure of ours could adversely affect our ability to conduct our business or manage our exposure to risk, result in the disclosure or misuse of confidential or proprietary information, increase our costs to maintain and update our operational and security systems and infrastructure, and adversely impact our results of operations, liquidity and financial condition, as well as cause reputational harm.
- We rely on third-party providers and other suppliers for a number of services that are important to our business. A breach, failure, interruption, cessation of an important service by any third-party could have a material adverse effect on our business, as well as cause reputational harm.
- Failure to keep pace with technological changes could adversely affect our business.