16 unchanged sentences
During the first quarter of 2020, the Board of Directors approved a share repurchase program authorizing the repurchase of 7,594,977 shares, or 15% of our outstanding shares as of March 31, 2020.
−Removed: Under the program, repurchases may be made from time to time in the open market or through negotiated transactions, subject to market conditions and other factors, and in accordance with applicable securities laws.
−Removed: The program is consistent with our intent to return a minimum of 25% of annual net income to stockholders through dividends and share repurchases while maintaining capital ratios in excess of regulatory minimums and, in the case of the Bank, the “well-capitalized” benchmarks.
−Removed: During the three months ended December 31, 2021, the Company had no shares of common stock repurchased under the current share repurchase program.
−Removed: All share repurchases were temporarily suspended upon the announcement of the signing of the Merger Agreement with BMBC on March 10, 2021.
−Removed: We resumed repurchases during the first quarter of 2022 following the close of our combination with Bryn Mawr Trust on January 1, 2022.
+Added: During the second quarter of 2022, the Board of Directors of the Company approved an additional share repurchase authorization under the program of 6,358,727 shares of common stock, or 10% of its outstanding shares as of June 30, 2022.
+Added: Under the programs, repurchases may be made from time to time in the open market or through negotiated transactions, subject to market conditions and other factors, and in accordance with applicable securities laws.
+Added: The programs are consistent with our intent to return a minimum of 35% of annual core net income to stockholders through dividends and share repurchases while maintaining capital ratios in excess of regulatory minimums and, in the case of the Bank, the “well-capitalized” benchmarks.
+Added: During the three months ended December 31, 2022, the Company had 361,980 shares of common stock repurchased under the current share repurchase programs.
+Added: Month Total Number
+Added: Average Price
+Added: Total Number of Shares
+Added: Purchased as Part of
+Added: Publicly Announced
+Added: Maximum Number
+Added: of Shares that May
+Added: Yet Be Purchased
+Added: Under the Programs
+Added: October 1, 2022 - October 31, 2022 361,980 $ 47.76 361,980 6,588,771
+Added: November 1, 2022 - November 30, 2022 — — — 6,588,771
+Added: December 1, 2022 - December 31, 2022 — — — 6,588,771
+Added: Total 361,980 47.76 361,980
COMPARATIVE STOCK PERFORMANCE GRAPH
−Removed: The graph and table which follow show the yearly percentage change in the cumulative total shareholder return on our common stock over the last five years compared with the cumulative total shareholder return of the Dow Jones Total Market Index, the Nasdaq Bank Index and KBW Bank Index over the same period as obtained from Bloomberg L.P.
+Added: The graph and table which follow show the yearly percentage change in the cumulative total shareholder return on our common stock over the last five years compared with the cumulative total shareholder return of the Dow Jones Total Market Index, the Nasdaq Bank Index and KBW Nasdaq Regional Bank Index over the same period as obtained from Bloomberg L.P.
Cumulative total shareholder return on our common stock or the indices equals the total increase in value since December 31, 2017, assuming reinvestment of all dividends paid into the common stock or the index, respectively.
7 unchanged sentences
Nasdaq Bank Index 100 84 104 96 138 115
−Removed: KBW Bank Index 100 102 84 104 95 130
+Added: KBW Nasdaq Regional Bank Index 100 83 102 93 128 119
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.