10 unchanged sentences
The Company’s profitability and regulatory capital ratios, in addition to other financial conditions, will be key factors in determining the payment of dividends.
−Removed: For additional information, see “Forward-Looking Statements” immediately preceding Part I, and Notes 11 and 17 to the Consolidated Financial Statements included in this Annual Report on Form 10-K.
+Added: For additional information, see “Forward-Looking Statements” immediately preceding Part I, and Note 17 to the Consolidated Financial Statements in Item 8 of this Annual Report on Form 10-K.
Dividend Restrictions
2 unchanged sentences
The Bank is also subject to various legal, regulatory and other restrictions on its ability to pay dividends and make other distributions and payments to its holding company, PCB Bancorp.
−Removed: For additional information, see “Supervision and Regulation - The Bank - Dividend Payments” included in Item 1 of this Annual Report on Form 10-K.
+Added: For additional information, see “Supervision and Regulation - The Bank - Dividend Payments” included in Item 1 and Note 17 to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
Issuer Purchase of Equity Securities
+Added: Except for the preferred stock discussed below, there were no unregistered sales of equity securities during the year ended December 31, 2022.
+Added: On May 24, 2022, the Company issued 69,141 shares of Series C Preferred Stock for the capital investment of $69.1 million from the U.S.
+Added: Treasury under the ECIP.
+Added: For additional information, see Note 11 to the Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
The following table presents share repurchase activities during the three months ended December 31, 2022:
11 unchanged sentences
The Company repurchased and retired 680,269 shares of common stock at a weighted-average price of $15.99 per share under this repurchase program.
+Added: On July 28, 2022, the Company’s Board of Directors approved a repurchase program authorizing for the repurchase of up to 5% of the Company’s outstanding common stock as of the date of the board meeting, which represented 747,938 shares, through February 1, 2023.
+Added: The Company repurchased and retired 362,557 shares of common stock at a weighted-average price of $18.57 per share, totaling $6.7 million under this repurchase program as of December 31, 2022.
+Added: On January 26, 2023, the Company announced the amendment of the repurchase program, which extended the program expiration from February 1, 2023 to February 1, 2024.
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.