3 unchanged sentences
Prior to that date, there was no public trading market for our common stock.
−Removed: At January 25, 2022, there were approximately 3,260 holders of record of our common stock as reported by our transfer agent.
+Added: At February 6, 2023, there were approximately 6,311 holders of record of our common stock as reported by our transfer agent.
We intend to pay quarterly cash dividends on our common stock, subject to approval by our board of directors.
10 unchanged sentences
Stock Performance Graph
−Removed: The following graph compares the cumulative total stockholder return on our common stock to the cumulative total stockholder return for the Nasdaq Composite Index and the Nasdaq U.S.
−Removed: Benchmark Banks TR Index for the period beginning on May 9, 2018, the first day of trading of our common stock on the Nasdaq Global Select Market under the symbol "OBNK", through December 31, 2021.
−Removed: The following reflects index values as of close of trading, assumes $100.00 invested on May 9, 2018, in our common stock, the Nasdaq Composite Index, and the Nasdaq U.S.
−Removed: Benchmark Banks TR Index and assumes the reinvestment of dividends, if any.
+Added: The following graph compares the cumulative total stockholder return on our common stock to the cumulative total stockholder return for the Nasdaq Composite Index, the Nasdaq U.S.
+Added: Benchmark Banks TR Index and the Nasdaq OMX ABA Community Bank TR index (collectively the "Indices") for the period beginning on May 9, 2018, the first day of trading of our common stock on the Nasdaq Global Select Market under the symbol "OBNK", through December 31, 2022.
+Added: The following reflects index values as of close of trading, assumes $100.00 invested on May 9, 2018, in our common stock, and the Indices and assumes the reinvestment of dividends, if any.
The historical price of our common stock represented in this graph represents past performance and is not necessarily indicative of future performance.
−Removed: Both the SNL Index for U.S.Banks with total assets between $1.0 billion and $5.0 billion and the SNL Index for U.S.
−Removed: Banks with total assets between $5.0 billion and $10.00 billion that were disclosed in the graph referenced below in our Annual Report on Form 10-K for the year ended December 31, 2020, have been discontinued and are no longer available.
+Added: After careful consideration of industry, average asset size, market capitalization, constituents within the indices, and overall comparability to our compensation peer group, we have determined the most comparable index is represented by the Nasdaq OMX ABA Community Bank TR Index.
Origin Bancorp, Inc.
2 unchanged sentences
Benchmark Banks TR Index 100.00 95.30 81.39 94.85 111.66 73.29 97.37 126.7 133.69 103.47 110.61
+Added: Nasdaq OMX ABA Community Bank TR Index 100.00 99.32 79.43 89.43 98.17 68.32 88.00 109.88 118.81 101.64 109.08
Unregistered Sales of Equity Securities and Use of Proceeds
Stock Repurchases
−Removed: In July 2019, our board of directors authorized a stock buyback program pursuant to which we may, from time to time, purchase up to $40 million of our outstanding common stock.
−Removed: The shares may be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the SEC.
−Removed: The stock buyback program was initially approved for a period of 36 months, but may be extended, terminated or amended by our board of directors.
−Removed: At December 31, 2021, there remained approximately $28.0 million of capacity under the stock buyback program.
−Removed: The following table summarizes the Company's stock repurchase activity for the year ended December 31, 2021.
−Removed: (Dollars in thousands, except per share amounts)
−Removed: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plan at the End of the Period
−Removed: Total first quarter 2021 37,568 $ 33.42 37,568 $ 27,962
−Removed: Total second quarter 2021 — — — 27,962
−Removed: Total third quarter 2021 — — — 27,962
−Removed: Total fourth quarter 2021 — — — 27,962
−Removed: Total 2021 37,568 $ 33.42 37,568 $ 27,962
+Added: In July 2019, the Company's board of directors authorized a stock repurchase program pursuant to which the Company was authorized purchase up to $40 million of its outstanding common stock.
+Added: The stock repurchase program was approved for a period of three years and expired in June 2022, having repurchased a total of $28.0 million of outstanding common stock.
+Added: In July 2022, the Board of Directors of the Company authorized a stock repurchase program pursuant to which the Company may, from time to time, purchase up to $50 million of its outstanding common stock.
+Added: The shares may be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission.
+Added: The stock repurchase program is intended to expire in three years but may be terminated or amended by the Board of Directors at any time.
+Added: The stock repurchase program does not obligate the Company to purchase any shares at any time.
+Added: At December 31, 2022, there remained $50.0 million of capacity under the stock repurchase program.
+Added: There were no stock repurchases during the year ended December 31, 2022.
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.