INDEPENDENT BANK CORP /MI/ (IBCP) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0.24% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

21M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

IBCP currently has 20.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.24% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
May 06, 2026	10-Q filing \| 20.6M shares outstanding	21M
Nov 05, 2025	10-Q filing \| 20.7M shares outstanding	21M
Aug 06, 2025	10-Q filing \| 20.8M shares outstanding	21M
May 07, 2025	10-Q filing \| 20.9M shares outstanding	21M
Mar 07, 2025	10-K filing \| 20.9M shares outstanding	21M
Nov 05, 2024	10-Q filing \| 20.9M shares outstanding	21M
Aug 05, 2024	10-Q filing \| 20.9M shares outstanding	21M
May 03, 2024	10-Q filing \| 20.9M shares outstanding	21M
Mar 08, 2024	10-K filing \| 21.0M shares outstanding	21M
Nov 03, 2023	10-Q filing \| 20.9M shares outstanding	21M
Aug 04, 2023	10-Q filing \| 21.0M shares outstanding	21M
May 05, 2023	10-Q filing \| 21.1M shares outstanding	21M
Mar 03, 2023	10-K filing \| 21.1M shares outstanding	21M
Nov 04, 2022	10-Q filing \| 21.1M shares outstanding	21M
Aug 05, 2022	10-Q filing \| 21.1M shares outstanding	21M
May 05, 2022	10-Q filing \| 21.2M shares outstanding	21M
Mar 04, 2022	10-K filing \| 21.6M shares outstanding	22M
Nov 05, 2021	10-Q filing \| 21.5M shares outstanding	22M
Aug 06, 2021	10-Q filing \| 21.8M shares outstanding	22M
May 06, 2021	10-Q filing \| 21.8M shares outstanding	22M
Mar 05, 2021	10-K filing \| 22.0M shares outstanding	22M
Nov 05, 2020	10-Q filing \| 21.9M shares outstanding	22M
Aug 05, 2020	10-Q filing \| 21.9M shares outstanding	22M
May 05, 2020	10-Q filing \| 23.6M shares outstanding	24M
Mar 06, 2020	10-K filing \| 22.9M shares outstanding	23M

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