12 unchanged sentences
Commerce (CBSH) $ 100.00 $ 107.56 $ 138.44 $ 143.26 $ 159.78 $ 168.73
+Added: KBW NASDAQ Regional Banking 100.00 82.51 102.20 93.35 127.57 118.73
NASDAQ OMX Global-Bank 100.00 83.60 114.68 100.00 137.32 113.60
S&P 500 100.00 95.61 125.70 148.74 191.40 156.70
+Added: In the preceding year, the Company selected the NASDAQ OMX Global-Bank Index with which to compare its performance.
+Added: The Company is replacing this index with the KBW NASDAQ Regional Banking Index as it believes the index to be more representative of companies similar in size and market capitalization to the Company.
+Added: In addition, the Company is a member of the KBW NASDAQ Regional Banking Index.
The Company has a long history of paying dividends.
−Removed: 2021 marked the 53rd consecutive year of growth in our regular common dividend, and the Company has also issued an annual 5% common stock dividend for the past 28 years.
−Removed: However, payment of future dividends is within the discretion of the Board of Directors and will depend, among other factors, on earnings, capital requirements, and the operating and financial condition of the Company.
+Added: 2022 marked the 54th consecutive year of growth in our regular common dividend, and the Company has also issued an annual 5% common stock dividend for the past 29 years.
+Added: Table of Conte nts
+Added: payment of future dividends is within the discretion of the Board of Directors and will depend, among other factors, on earnings, capital requirements, and the operating and financial condition of the Company.
The Board of Directors makes the dividend determination quarterly.
6 unchanged sentences
The Company’s stock purchases shown above were made under authorizations by the Board of Directors.
−Removed: Under the most recent authorization in November 2019 of 5,000,000 shares, 1,737,322 shares remained available for purchase at December 31, 2021.
+Added: Under the most recent authorization in April 2022 of 5,000,000 shares, 3,112,058 shares remained available for purchase at December 31, 2022.
+Added: Table of Conte nts
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.