13 unchanged sentences
KBW NASDAQ Regional Banking 100.00 123.87 113.14 154.61 143.91 143.34
−Removed: NASDAQ OMX Global-Bank 100.00 83.60 114.68 100.00 137.32 113.60
S&P 500 100.00 131.47 155.58 200.19 163.91 206.95
−Removed: In the preceding year, the Company selected the NASDAQ OMX Global-Bank Index with which to compare its performance.
−Removed: 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.
−Removed: In addition, the Company is a member of the KBW NASDAQ Regional Banking Index.
The Company has a long history of paying dividends.
2023 marked the 55th consecutive year of growth in our regular common dividend, and the Company has also issued an annual 5% common stock dividend for the past 30 years.
−Removed: Table of Conte nts
−Removed: 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: 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.
The Board of Directors makes the dividend determination quarterly.
7 unchanged sentences
Under the most recent authorization in April 2022 of 5,000,000 shares, 1,757,247 shares remained available for purchase at December 31, 2023.
−Removed: 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.