COLONY BANKCORP INC (CBAN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: December 22, 2025

Risk Assessment Details

Potential Dilution: 2.29% of current shares
Recent Dilution: 0.21% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
17M
Potential Supply
400K
Additional shares possible
Splits
None
Past 2 years

Summary

CBAN currently has 17.5M outstanding shares. with limited dilution risk as only 400K additional shares (2.3%) are authorized for issuance. The company has minimally diluted shareholders by 0.21% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 22, 2025

8-K filing: The Board of Directors authorized the extension of the stock buyback program approved in October 2022, under which the Company may repurchase up to $12 million of its outstanding common stock, and the Company has repurchased a total of 318,778 shares for a total of $4,613,000 since the start of the program in 2022. ($4.61M proceeds)

17M 400K
Nov 07, 2025

10-Q filing | 17.5M shares outstanding

17M 400K
Jul 23, 2025

8-K filing: Colony Bankcorp, Inc. entered into a merger agreement with TC Bancshares, Inc. whereby TCBC will be merged with and into the Company, with TCBC shareholders receiving either $21.25 in cash or 1.25 shares of Colony's common stock for each TCBC share.

18M 400K
May 09, 2025

10-Q filing | 17.5M shares outstanding

18M 400K
Mar 14, 2025

10-K filing | 17.6M shares outstanding

18M 400K
Dec 20, 2024

8-K filing: The Board of Directors authorized the extension of the stock buyback program, under which the Company may repurchase up to $12 million of its outstanding common stock; the Company has repurchased a total of 171,481 shares for a total of $2,249,000 since the start of the program in 2022, leaving $9,751,000 available to repurchase as of the date of this filing. ($2.25M proceeds)

18M 400K
Nov 08, 2024

10-Q filing | 17.6M shares outstanding

18M 400K
Aug 08, 2024

10-Q filing | 17.6M shares outstanding

18M 400K
May 09, 2024

10-Q filing | 17.6M shares outstanding

18M 400K
Mar 14, 2024

10-K filing | 17.6M shares outstanding

18M 400K
Nov 08, 2023

10-Q filing | 17.6M shares outstanding

18M 400K
Aug 09, 2023

10-Q filing | 17.6M shares outstanding

18M 400K
May 10, 2023

10-Q filing | 17.6M shares outstanding

18M 400K
Apr 19, 2023

S-3/A filing: This is an S-3/A filing for Colony Bankcorp, Inc. regarding their Dividend Reinvestment and Direct Stock Purchase Plan.

18M 400K
Mar 16, 2023

10-K filing | 17.2M shares outstanding

17M 400K
Mar 16, 2023

S-3 filing: S-3 filing for newly registered common stock with a proposed offering amount of $2,148,000.

18M 400K
Nov 10, 2022

10-Q filing | 17.6M shares outstanding

18M 200K
Aug 12, 2022

10-Q filing | 17.6M shares outstanding

18M 200K
May 13, 2022

10-Q filing | 15.9M shares outstanding

16M 200K
Mar 18, 2022

10-K filing | 17.6M shares outstanding

18M 200K
Feb 10, 2022

8-K filing: Colony Bankcorp, Inc. completed a public offering of 3,848,485 shares of common stock at $16.50 per share, resulting in net proceeds of approximately $59.3 million. ($59.3M proceeds)

12M 200K
Nov 12, 2021

10-Q filing | 12.3M shares outstanding

12M 200K
Oct 26, 2021

S-3 filing: Colony Bankcorp, Inc. files an S-3 registration statement for the potential offering of common stock, preferred stock, senior debt securities, subordinated debt securities, depositary shares, purchase contracts, units, warrants and rights, with a proposed maximum aggregate offering price of $150,000,000.

14M 200K
Aug 13, 2021

10-Q filing | 13.7M shares outstanding

14M 200K
May 17, 2021

10-Q filing | 9.5M shares outstanding

9.5M 200K
Mar 23, 2021

10-K filing | 9.5M shares outstanding

9.5M 200K
Nov 09, 2020

10-Q filing | 9.5M shares outstanding

9.5M 200K
Aug 10, 2020

10-Q filing | 9.5M shares outstanding

9.5M 200K
May 15, 2020

10-Q filing | 9.5M shares outstanding

9.5M 200K
Mar 31, 2020

S-3/A filing: This is an S-3/A filing for the Colony Dividend Reinvestment and Direct Stock Purchase Plan, relating to 200,000 shares of common stock.

9.1M 200K
Mar 30, 2020

10-K filing | 9.1M shares outstanding

9.1M 200K
Mar 13, 2020

S-3 filing: This is an S-3 filing for Colony Bankcorp, Inc. regarding their Dividend Reinvestment and Direct Stock Purchase Plan, offering 200,000 shares of common stock.

N/A 200K
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