Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : A$0.98 Billion

According to Luther Burbank's latest financial reports the company has A$0.98 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Luther Burbank - Net assets on balance sheet (from 2016 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$1.00 B	8.67%
2021-12-31	$A$0.92 B	15.64%
2020-12-31	$A$0.79 B	-9.06%
2019-12-31	$A$0.87 B	6.39%
2018-12-31	$A$0.82 B	17.15%
2017-12-31	$A$0.70 B	25.52%
2016-12-31	$A$0.56 B	10.07%
2015-12-31	$A$0.50 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	A$0.72 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	A$1.94 B	97.83%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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