30 unchanged sentences
Period Total Number of Shares
−Removed: (or Units) Purchased Average Price Paid Per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1)
+Added: (or Units) Purchased Average Price Paid Per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1)
October 2021 — $ — — 1,000,000
3 unchanged sentences
(1) On January 25, 2021, the Company's Board of Directors approved a stock repurchase program for up to 1.0 million of its outstanding common shares.
−Removed: The Company repurchased 610 shares of common stock under the repurchase plan during the quarter ended December 31, 2020.
+Added: The Company did not repurchase any shares of common stock under the repurchase plan during the quarter ended December 31, 2021.
On January 31, 2022, the Company’s Board of Directors terminated the 2021 repurchase program and approved a new plan to repurchase up to 1.0 million shares of the Company’s outstanding common stock.
−Removed: On a share basis, the amount of common stock subject to the new repurchase plan represented approximately 4% of the Company’s outstanding shares on the date it was approved.
+Added: On a share basis, the amount of common stock subject to the new repurchase plan represented approximately 3% of the Company’s outstanding shares on the date it was approved, which was inclusive of the approximately 2.9 million shares issued in conjunction with the CUB acquisition.
The Company is not obligated to purchase any shares under the plan, and the plan may be discontinued at any time.
26 unchanged sentences
For additional information regarding the Company’s equity incentive plans and employee stock purchase plan, see Note 8 (Shareholders’ Equity) of the Notes to the Consolidated Financial Statements included in Item 8 of this Report.
−Removed: Selected Financial Data.
−Removed: The following selected data should be read in conjunction with the consolidated financial statements and related notes that are included in Item 8 of this Report, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which is included in Item 7 of this Report (dollars in thousands, except per share data).
−Removed: Year-to-year financial information comparability is affected by the acquisition accounting treatment for mergers and acquisitions, including but not limited to the Company's acquisition of River Valley Bancorp effective March 1, 2016, the acquisition of five branches from First Financial Bancorp effective May 18, 2018, the acquisition of First Security, Inc.
−Removed: effective October 15, 2018, and the acquisition of Citizens First Corporation effective July 1, 2019.
−Removed: 2020 2019 2018 2017 2016
−Removed: Summary of Operations:
−Removed: Interest Income $ 174,369 $ 176,474 $ 133,749 $ 111,030 $ 103,365
−Removed: Interest Expense 19,126 31,249 19,139 11,121 8,461
−Removed: Net Interest Income 155,243 145,225 114,610 99,909 94,904
−Removed: Provision for Credit Losses 17,550 5,325 2,070 1,750 1,200
−Removed: Net Interest Income after Provision For Credit Losses 137,693 139,900 112,540 98,159 93,704
−Removed: Non-interest Income 54,474 45,501 37,070 31,854 32,013
−Removed: Non-interest Expense 117,123 114,162 93,553 77,803 76,587
−Removed: Income before Income Taxes 75,044 71,239 56,057 52,210 49,130
−Removed: Income Tax Expense 12,834 12,017 9,528 11,534 13,946
−Removed: Net Income $ 62,210 $ 59,222 $ 46,529 $ 40,676 $ 35,184
−Removed: Year-end Balances:
−Removed: Total Assets $ 4,977,577 $ 4,397,672 $ 3,929,090 $ 3,144,360 $ 2,955,994
−Removed: Total Loans, Net of Unearned Income 3,088,072 3,077,091 2,728,059 2,141,638 1,989,955
−Removed: Total Deposits 4,106,530 3,430,021 3,072,632 2,484,052 2,349,551
−Removed: Total Long-term Debt 141,624 181,950 126,635 141,717 120,560
−Removed: Total Shareholders’ Equity 624,709 573,820 458,640 364,571 330,267
−Removed: Average Balances:
−Removed: Total Assets $ 4,729,006 $ 4,128,535 $ 3,380,409 $ 3,002,695 $ 2,841,096
−Removed: Total Loans, Net of Unearned Income 3,185,542 2,899,939 2,339,089 2,036,717 1,904,779
−Removed: Total Deposits 3,860,397 3,293,934 2,716,712 2,395,146 2,249,892
−Removed: Total Shareholders’ Equity 594,781 519,010 385,476 350,913 321,520
−Removed: Per Share Data:
−Removed: Net Income (1)
−Removed: $ 2.34 $ 2.29 $ 1.99 $ 1.77 $ 1.57
−Removed: Cash Dividends 0.76 0.68 0.60 0.52 0.48
−Removed: Book Value at Year-end 23.57 21.51 18.37 15.90 14.42
−Removed: Tangible Book Value Per Share (2)
−Removed: 18.63 16.49 13.81 13.45 11.94
−Removed: Other Data at Year-end:
−Removed: Number of Shareholders 3,218 3,672 3,705 3,459 3,513
−Removed: Number of Employees 776 821 747 621 605
−Removed: Weighted Average Number of Shares (1)
−Removed: 26,539,024 25,824,538 23,381,616 22,924,726 22,391,115
−Removed: Selected Performance Ratios:
−Removed: Return on Assets 1.32 % 1.43 % 1.38 % 1.35 % 1.24 %
−Removed: Return on Equity 10.46 % 11.41 % 12.07 % 11.59 % 10.94 %
−Removed: Equity to Assets 12.55 % 13.05 % 11.67 % 11.59 % 11.17 %
−Removed: Dividend Payout 32.37 % 29.64 % 30.25 % 29.11 % 30.21 %
−Removed: Net Charge-offs (Recoveries) to Average Loans 0.08 % 0.17 % 0.08 % 0.04 % 0.04 %
−Removed: Allowance for Credit Losses to Loans 1.52 % 0.53 % 0.58 % 0.73 % 0.74 %
−Removed: Net Interest Margin 3.63 % 3.92 % 3.75 % 3.76 % 3.75 %
−Removed: (1) Share and Per Share Data includes the dilutive effect of stock options.
−Removed: (2) Tangible Book Value per Share is defined as Total Shareholders' Equity less Goodwill and Other Intangible Assets divided by End of Period Shares Outstanding.
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.