Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of September 2024 : £0.35 Billion

According to Independent Bank (Michigan)'s latest financial reports the company has £0.35 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Independent Bank (Michigan) - Net assets on balance sheet (from 2001 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$£0.31 B	10.49%
2022-12-31	$£0.28 B	-2.67%
2021-12-31	$£0.29 B	3.3%
2020-12-31	$£0.28 B	7.01%
2019-12-31	$£0.26 B	-0.01%
2018-12-31	$£0.26 B	36.24%
2017-12-31	$£0.19 B	-2.85%
2016-12-31	$£0.20 B	19.09%
2015-12-31	$£0.16 B	5.36%
2014-12-31	$£0.16 B	14.54%
2013-12-31	$£0.14 B	68.12%
2012-12-31	$£83.5 M	26.47%
2011-12-31	$£66.02 M	-14.41%
2010-12-31	$£77.14 M	13.63%
2009-12-31	$£67.89 M	-48.94%
2008-12-31	$£0.13 B	9.83%
2007-12-31	$£0.12 B	-8.15%
2006-12-31	$£0.13 B	-8.45%
2005-12-31	$£0.14 B	20.01%
2004-12-31	$£0.11 B	32.28%
2003-12-31	$£90.68 M	5.33%
2002-12-31	$£86.09 M	-5.36%
2001-12-31	$£90.97 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Mercantile Bank MBWM	£0.45 B	28.95%	🇺🇸 USA
Macatawa Bank MCBC	£0.23 B	-35.24%	🇺🇸 USA
1st Source SRCE	£0.92 B	159.79%	🇺🇸 USA
Huntington Bancshares HBAN	£16.27 B	4,465.30%	🇺🇸 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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