Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : C$0.95 Billion

According to Luther Burbank's latest financial reports the company has C$0.95 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	$C$0.92 B	8.61%
2021-12-31	$C$0.85 B	8.98%
2020-12-31	$C$0.78 B	-2.5%
2019-12-31	$C$0.80 B	1.38%
2018-12-31	$C$0.79 B	14.54%
2017-12-31	$C$0.69 B	27.19%
2016-12-31	$C$0.54 B	5.5%
2015-12-31	$C$0.51 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	C$0.70 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	C$1.88 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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