FINANCIAL INSTITUTIONS INC (FISI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 04, 2026

Risk Assessment Details

Potential Dilution: 35.5% of current shares
Recent Dilution: 30.21% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
20M
Potential Supply
7M
Additional shares possible
Splits
None
Past 2 years

Summary

FISI currently has 19.6M outstanding shares. with moderate dilution risk from 6.97M authorized shares representing 35.5% potential dilution. The company has significantly diluted shareholders by 30.21% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 04, 2026

10-Q filing | 19.6M shares outstanding

20M 7M
Mar 09, 2026

10-K filing | 20.1M shares outstanding

20M 6.5M
Nov 03, 2025

10-Q filing | 20.1M shares outstanding

20M 6.5M
Aug 04, 2025

10-Q filing | 20.1M shares outstanding

20M 6.5M
May 05, 2025

10-Q filing | 20.1M shares outstanding

20M 6.5M
Mar 12, 2025

10-K filing | 20.1M shares outstanding

20M 6.5M
Dec 12, 2024

8-K filing: Financial Institutions, Inc. entered into an underwriting agreement to issue and sell 4,000,000 shares of its common stock at a public offering price of $25.00 per share, with an option for the underwriters to purchase an additional 600,000 shares. ($100.0M proceeds)

15M 11M
Nov 26, 2024

S-3 filing: Financial Institutions, Inc. may offer and sell from time to time up to $200,000,000 of unsecured debt securities, shares of common stock, shares of preferred stock, depositary shares, warrants to purchase other securities, purchase contracts; and units consisting of any combination of the above securities.

15M 11M
Nov 04, 2024

10-Q filing | 15.5M shares outstanding

15M 3.6M
Aug 05, 2024

10-Q filing | 15.4M shares outstanding

15M 3.6M
May 06, 2024

10-Q filing | 15.4M shares outstanding

15M 3.6M
Mar 13, 2024

10-K filing | 15.4M shares outstanding

15M 3.7M
Nov 06, 2023

10-Q filing | 15.4M shares outstanding

15M 3.6M
Aug 07, 2023

10-Q filing | 15.4M shares outstanding

15M 3.6M
May 08, 2023

10-Q filing | 1.6M shares outstanding

1.6M 17M
Mar 09, 2023

10-K filing | 15.4M shares outstanding

15M 3.6M
Nov 07, 2022

10-Q filing | 15.3M shares outstanding

15M 3.7M
Aug 08, 2022

10-Q filing | 15.3M shares outstanding

15M 3.7M
Jun 13, 2022

8-K filing: Financial Institutions, Inc. announced that its Board of Directors approved a stock repurchase program for up to 766,447 shares of its common stock, or approximately 5% of the Company's outstanding common shares.

16M 3.5M
May 09, 2022

10-Q filing | 15.6M shares outstanding

16M 3.5M
Mar 10, 2022

10-K filing | 15.8M shares outstanding

16M 3.2M
Nov 08, 2021

10-Q filing | 15.8M shares outstanding

16M 3.2M
Oct 29, 2021

S-3 filing: Financial Institutions, Inc. filed an S-3 form on 2021-10-29, announcing a potential offering of up to $100,000,000 in various securities, including debt securities, common stock, preferred stock, depositary shares, warrants, and purchase contracts.

16M 3.2M
Aug 09, 2021

10-Q filing | 15.8M shares outstanding

16M 0
May 10, 2021

10-Q filing | 15.9M shares outstanding

16M 0
Mar 15, 2021

10-K filing | 16.0M shares outstanding

16M 0
Nov 06, 2020

10-Q filing | 16.0M shares outstanding

16M 0
Nov 04, 2020

8-K filing: Financial Institutions, Inc. announced that its Board of Directors has approved a stock repurchase program for up to 801,879 shares of its common stock, or approximately 5% of the Company's outstanding common shares.

16M 0
Aug 05, 2020

10-Q filing | 16.0M shares outstanding

16M 0
May 08, 2020

10-Q filing | 16.0M shares outstanding

16M 0
Mar 04, 2020

10-K filing | 16.0M shares outstanding

16M 0
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