“12.6) 7.7 (0.7) 7.0 Long-Term Borrowings — — — (6.3) (6.2) (12.5) Other Interest-Bearing Liabilities (0.5) (0.2) (0.7) (1.5) 0.1 (1.4) Total Change in Interest Expense (9.2) (60.5) (69.7) 12.4 57.4 69.8 Change in Net Interest Income $ 16.4 $ 23.2 $ 39.6 $ (14.5) $ 1.0 $ (13.5) (1) The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns. Net interest income, on a fully taxable-equivalent basis, was $667.8 million for the year ended December 31, 2025, an increase of $39.6 million or 6% as compared to 2024.”
“It is possible that one or more of the banks that provide the Company with financing under its asset-based revolving credit facility (the "ABL Facility") may fail to honor the terms of the Company’s ABL Facility or be financially unable to provide the unused credit as a result of significant deterioration in such bank’s financial condition.”
“For the year ended December 31, 2024, average balances on our investment securities portfolio was $6.0 billion, a decrease of $1.1 billion or 15% compared to 2023, primarily due to payments, maturities and restructuring of securities during the period.”