Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of June 2024 : £0.32 B

According to Independent Bank (Michigan)'s latest financial reports the company has £0.32 B 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	-2.42%
2021-12-31	$£0.29 B	3.19%
2020-12-31	$£0.28 B	8.13%
2019-12-31	$£0.26 B	-0.68%
2018-12-31	$£0.26 B	35.53%
2017-12-31	$£0.19 B	-2.85%
2016-12-31	$£0.20 B	19.21%
2015-12-31	$£0.16 B	5.24%
2014-12-31	$£0.16 B	14.7%
2013-12-31	$£0.14 B	67.99%
2012-12-31	$£83.46 M	26.42%
2011-12-31	$£66.02 M	-14.7%
2010-12-31	$£77.4 M	13.1%
2009-12-31	$£68.44 M	-49.36%
2008-12-31	$£0.13 B	12.21%
2007-12-31	$£0.12 B	-8.61%
2006-12-31	$£0.13 B	-8.45%
2005-12-31	$£0.14 B	19.91%
2004-12-31	$£0.12 B	31.26%
2003-12-31	$£91.46 M	6.24%
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	£0.40 B	24.67%	🇺🇸 USA
Macatawa Bank MCBC	£0.22 B	-31.94%	🇺🇸 USA
1st Source SRCE	£0.84 B	158.99%	🇺🇸 USA
Huntington Bancshares HBAN	£14.90 B	4,444.68%	🇺🇸 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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