12 unchanged sentences
Five-Year Stock Performance
−Removed: The following graph and table compare the Company’s five-year cumulative total return on its common stock with the cumulative total return of the Standard & Poor’s (“S&P”) 500 Index and the KBW Nasdaq Bank Index (“BKX”).
+Added: The following graph and table compare the Company’s five-year cumulative total return on its common stock with the cumulative total return of the Standard & Poor’s (“S&P”) 500 Index and the Keefe, Bruyette & Woods Nasdaq Bank Index (“BKX Index”).
The cumulative total shareholder return assumes the investment of $100 in the Company’s common stock and in each index on December 31, 2020 and the reinvestment of common stock dividends.
2 unchanged sentences
equity benchmark consisting of leading companies from different economic sectors.
−Removed: The BKX is designed to track the performance of the leading banks and thrifts that are publicly-traded in the U.S., and comprises 24 banking stocks representing the large U.S.
+Added: The BKX Index is designed to track the performance of the leading banks and thrifts that are publicly-traded in the U.S., and comprises 24 banking stocks representing the large U.S.
national money centers, regional banks and thrift institutions.
2 unchanged sentences
$100.00 $157.99 $135.17 $152.37 $211.44 $254.35
−Removed: BKX $100.00 $89.68 $124.06 $97.52 $96.65 $132.60
+Added: $100.00 $128.71 $105.40 $133.10 $166.40 $196.16
S&P 500 Index $100.00 $138.33 $108.73 $107.76 $147.85 $196.01
10 unchanged sentences
As part of the Inflation Reduction Act of 2022, a 1% excise tax was imposed on net share repurchases effective January 1, 2023.
−Removed: (3) On March 3, 2020, the Company’s Board of Directors authorized the repurchase of up to $500 million of its common stock.
−Removed: The stock repurchase authorization has no expiration date.
−Removed: On January 22, 2025, the Company’s Board of Directors authorized the additional repurchase of $300 million of East West stock, which will remain valid until December 31, 2026.
+Added: (3) On January 22, 2025, the Company’s Board of Directors authorized the repurchase of up to $300 million of East West stock, which will remain valid until December 31, 2026.
Refer to Item 7.
3 unchanged sentences
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.