Marathon Bancorp, Inc. /MD/ (MBBC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 113.45% of current shares
Recent Dilution: 46.56% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.7M
Potential Supply
3.1M
Additional shares possible
Splits
None
Past 2 years

Summary

MBBC currently has 2.74M outstanding shares. with significant dilution risk as 3.11M authorized shares could dilute existing holders by 113.5%. The company has significantly diluted shareholders by 46.56% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 2.7M shares outstanding

2.7M 3.1M
Nov 12, 2025

10-Q filing | 2.7M shares outstanding

2.7M 3.1M
May 14, 2025

10-Q filing | 2.9M shares outstanding

2.9M 3.1M
Feb 20, 2025

8-K filing: Marathon Bancorp, Inc. announced the commencement of a public offering of up to 1,897,500 shares of the Company's common stock at a purchase price of $10.00 per share in connection with the proposed conversion of Marathon MHC from the mutual holding company structure to the fully stock holding company form of organization.

2M 3.1M
Feb 13, 2025

10-Q filing | 2.0M shares outstanding

2M 3.1M
Feb 06, 2025

S-1/A filing: Marathon Bancorp, Inc. is offering shares of common stock for sale on a best-efforts basis in connection with the conversion of Marathon MHC from the mutual holding company to the stock holding company form of organization.

2M 3.1M
Dec 13, 2024

S-1 filing: Marathon Bancorp, Inc. is offering shares of common stock for sale on a best-efforts basis in connection with the conversion of Marathon MHC from the mutual holding company to the stock holding company form of organization.

2M 3.1M
Nov 13, 2024

10-Q filing | 2.0M shares outstanding

2M 930K
Sep 26, 2024

10-K filing | 2.0M shares outstanding

2M 930K
May 13, 2024

10-Q filing | 2.0M shares outstanding

2M 930K
Feb 14, 2024

10-Q filing | 2.0M shares outstanding

2M 930K
Dec 26, 2023

8-K filing: Marathon Bancorp, Inc. announced it has adopted a stock repurchase program, where the Company may repurchase up to 107,875 shares of its common stock, or approximately 5.0% of the current outstanding shares.

2M 930K
Nov 14, 2023

10-Q filing | 2.0M shares outstanding

2M 930K
Sep 20, 2023

10-K filing | 2.1M shares outstanding

2.1M 930K
May 12, 2023

10-Q filing | 2.1M shares outstanding

2.1M 930K
May 10, 2023

8-K filing: Marathon Bancorp, Inc. announced the completion of its stock repurchase program, repurchasing 113,485 shares at an average price of $11.77 per share.

2.2M 930K
Feb 14, 2023

10-Q filing | 2.2M shares outstanding

2.2M 930K
Nov 16, 2022

8-K filing: Marathon Bancorp, Inc. announced the adoption of a stock repurchase program, authorizing the repurchase of up to 113,485 shares of its common stock, representing approximately 5.0% of the current outstanding shares.

2.1M 930K
Nov 14, 2022

10-Q filing | 2.1M shares outstanding

2.1M 930K
Sep 28, 2022

10-K filing | 2.1M shares outstanding

2.1M 930K
May 13, 2022

10-Q filing | 2.1M shares outstanding

2.1M 930K
Feb 11, 2022

10-Q filing | 2.1M shares outstanding

2.1M 930K
Nov 12, 2021

10-Q filing | 2.1M shares outstanding

2.1M 930K
Sep 28, 2021

10-K filing | 2.1M shares outstanding

2.1M 930K
May 13, 2021

10-Q filing | 2.2M shares outstanding

2.2M 930K
Jan 29, 2021

S-1/A filing: Marathon Bancorp, Inc. is offering up to 931,500 shares of its common stock for sale at $10.00 per share in connection with the reorganization of Marathon Bank into the mutual holding company form of ownership.

N/A 930K
Dec 11, 2020

S-1 filing: Marathon Bancorp, Inc. is offering up to 931,500 shares of its common stock for sale at $10.00 per share on a best efforts basis in connection with the reorganization of Marathon Bank into the mutual holding company form of ownership.

N/A 1.1M
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