25 unchanged sentences
We intend to continue to pay regular cash dividends to holders of our common stock;
−Removed: however, any future determination to declare and pay cash dividends, if any, will be made at the discretion of our Board of Directors and will depend on a variety of factors, including applicable laws, our financial condition, results of operations, business prospects, general business or financial market conditions, regulatory environment and other factors our Board of Directors may deem relevant.
+Added: however, any future determination to declare and pay cash dividends will be made at the discretion of our Board of Directors and will depend on a variety of factors, including applicable laws, our financial condition, results of operations, business prospects, general business or financial market conditions, regulatory environment and other factors our Board of Directors may deem relevant.
To the extent dividends from Eastern Bank will be a source of cash used by the Company to pay its dividends, dividends from the Bank will be dependent on the Bank’s future earnings, capital requirements, and financial condition.
Repurchases of Common Shares
−Removed: As further detailed below, we have received notices of non-objection from the Board of Governors of the Federal Reserve System to two share repurchase programs, one allowing the purchase of up to 9,337,900 shares of our common stock, which we competed in the third quarter of 2022, and the other allowing the purchase of up to 8,900,000 shares through August 31, 2023.
−Removed: Repurchases are made at management’s discretion from time to time at prices management considers to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of shares, general market conditions, the trading price of the shares, alternative uses for capital and liquidity, and our financial performance.
−Removed: Repurchases may be suspended, terminated or modified by us at any time for any reason.
−Removed: Information regarding the shares repurchased under the plans is presented in the following table:
−Removed: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of the Share Repurchase Programs Maximum Number of Shares That May Yet Be Purchased Under the Share Repurchase Programs (1)(2)
−Removed: December 1, 2021 – December 31, 2021 1,135,878 $ 20.42 1,135,878 8,202,022
−Removed: January 1, 2022 – January 31, 2022 987,526 21.02 2,123,404 7,214,496
−Removed: February 1, 2022 – February 28, 2022 1,109,697 21.08 3,233,101 6,104,799
−Removed: March 1, 2022 – March 31, 2022 769,398 21.31 4,002,499 5,335,401
−Removed: April 1, 2022 – April 30, 2022 1,194,185 20.19 5,196,684 4,141,216
−Removed: May 1, 2022 – May 31, 2022 1,880,381 18.93 7,077,065 2,260,835
−Removed: June 1, 2022 – June 30, 2022 1,141,903 18.78 8,218,968 1,118,932
−Removed: July 1, 2022 – July 31, 2022 909,785 19.02 9,128,753 209,147
−Removed: August 1, 2022 – August 31, 2022 — — 9,128,753 209,147
−Removed: September 1, 2022 – September 30, 2022 571,463 20.33 9,700,216 8,537,684
−Removed: October 1, 2022 – October 31, 2022 1,094,049 20.32 10,794,265 7,443,635
−Removed: November 1, 2022 – November 30, 2022 453,885 18.91 11,248,150 6,989,750
−Removed: December 1, 2022 – December 31, 2022 — — 11,248,150 6,989,750
−Removed: Total 11,248,150 $ 19.97
−Removed: (1) On October 28, 2021, we announced that our Board of Directors had approved a share repurchase program, subject to receipt of a notice of non-objection from the Board of Governors of the Federal Reserve System (“Non-Objection Notice”).
−Removed: On November 12, 2021, we announced we had received the Non-Objection Notice to the share repurchase program, which authorized the purchase of up
−Removed: to 9,337,900 shares over a 12-month period.
−Removed: The program was limited to $225.0 million through November 30, 2022.
−Removed: We completed the repurchase of the total number of shares authorized through this program during the third quarter of 2022.
On September 7, 2022, we announced receipt of a notice of non-objection from the Board of Governors of the Federal Reserve System for a new share repurchase program.
−Removed: The program, which authorizes the purchase of up to 8,900,000 shares over a 12-month period, is limited to $200.0 million through August 31, 2023.
+Added: The program authorized the purchase of up to 8,900,000 shares over a 12-month period and was limited to $200.0 million through August 31, 2023.
+Added: The program expired in August 2023.
+Added: We made no repurchases of shares during the year ended December 31, 2023.
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.