Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : £0.51 Billion

According to Luther Burbank's latest financial reports the company has £0.51 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	$£0.56 B	13.81%
2021-12-31	$£0.49 B	10.1%
2020-12-31	$£0.45 B	-3.92%
2019-12-31	$£0.46 B	2.35%
2018-12-31	$£0.45 B	12.55%
2017-12-31	$£0.40 B	24.12%
2016-12-31	$£0.32 B	30.8%
2015-12-31	$£0.25 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	£0.38 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	£1.01 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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