2 unchanged sentences
Bancorp's common stock trades on the Nasdaq Capital Market under the symbol BMRC.
−Removed: At February 28, 2022, 15,939,659 shares of Bancorp's common stock, no par value, were outstanding and held by approxi mate ly 2,900 holders of record and beneficial owners.
+Added: At February 28, 2023, 16,056,334 shares of Bancorp's common stock, no par value, were outstanding and held by approximately 7,150 holders of record and beneficial owners.
Five-Year Stock Price Performance Graph
10 unchanged sentences
1 The index comprises stocks in the S&P Total Market Index that are classified in the Global Industry Classification Standard regional banks sub-industry.
−Removed: Shareholder Rights Agreement
−Removed: On July 6, 2017, Bancorp executed a shareholder rights agreement (“Rights Agreement”), which is designed to discourage takeovers that involve abusive tactics or do not provide fair value to shareholders.
−Removed: For further information, see Note 8 to the Consolidated Financial Statements, under the heading “Preferred Stock and Shareholder Rights Plan” in ITEM 8 of this report.
Securities Authorized for Issuance under Equity Compensation Plans
6 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: On April 23, 2018, Bancorp announced that its Board of Directors approved a Share Repurchase Program under which Bancorp may repurchase up to $25.0 million of its outstanding common stock through May 1, 2019.
−Removed: Bancorp's Board of Directors subsequently extended the Share Repurchase Program through February 28, 2020.
−Removed: A new Share Repurchase Program was approved by the Board of Directors on January 24, 2020, which began on March 1, 2020 and allowed Bancorp to repurchase up to $25.0 million of its outstanding common stock and ended May 2021.
On July 16, 2021, Bancorp Board of Directors approved a share repurchase program under which Bancorp could repurchase up to $25.0 million of its outstanding common stock through July 31, 2023.
On October 22, 2021, Bancorp's Board of Directors approved an amendment to the current share repurchase program, which increased the total authorization from $25.0 million to $57.0 million and left the expiration date unchanged.
−Removed: Shares repurchased pursuant to our common stock share repurchase programs during 2021, 2020 and 2019, were as follows.
−Removed: 2021 2020 2019 Cumulative Totals
−Removed: Total number of common shares repurchased 1,117,666 203,709 356,000 1,677,375
−Removed: Total purchase price of common shares repurchased (in millions) $ 40.8 $ 7.2 $ 15.0 $ 63.0
−Removed: The following table reflects purchases under the Share Repurchase Program for the months presented in 2021.
−Removed: (in thousands, except per share data) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value That May yet Be Purchased Under the Program 1
−Removed: January 1-31, 2021 54,815 $ 37.64 54,815 $ 17,198
−Removed: February 1-28, 2021 109,964 37.35 109,964 13,085
−Removed: March 1-31, 2021 59,234 39.32 59,234 10,753
−Removed: April 1-30, 2021 130,680 36.63 130,680 5,959
−Removed: May 1-31, 2021 167,255 35.58 167,255 —
−Removed: June 1-30, 2021 — — — —
−Removed: July 1-31, 2021 37,182 32.99 37,182 23,772
−Removed: August 1-31, 2021 159,360 35.98 159,360 18,031
−Removed: September 1-30, 2021 249,193 35.81 249,193 9,098
−Removed: October 1-31, 2021 54,705 37.83 54,705 39,026
−Removed: November 1-30, 2021 22,767 37.76 22,767 38,165
−Removed: December 1-31, 2021 72,511 36.15 72,511 35,541
−Removed: Total 1,117,666 $ 36.39 1,117,666
−Removed: 1 In May 2021, the 2020 Share Repurchase Program ended.
−Removed: The new $25.0 million Share Repurchase Program began July 16, 2021.
−Removed: On October 22, 2021, the total authorization increased from $25.0 million to $57.0 million.
−Removed: For further information, see Note 8 to the Consolidated Financial Statements, under the heading “Share Repurchase Program” in ITEM 8 of this report.
+Added: In January 2022, the last activity under the program, Bancorp repurchased 23,275 shares at an average price of $37.64 per share for a total cost of $877 thousand.
+Added: Cumulative repurchases under the current program totaled 618,991 shares at an average price of $36.04 per share.
+Added: A total of $34.7 million remained available to repurchase under the program as of December 31, 2022.
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.