Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of March 2024 : £0.40 B

According to Mercantile Bank's latest financial reports the company has £0.40 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$£0.40 B	12.33%
2022-12-31	$£0.36 B	8.16%
2021-12-31	$£0.33 B	4.3%
2020-12-31	$£0.32 B	3.04%
2019-12-31	$£0.31 B	6.73%
2018-12-31	$£0.29 B	8.64%
2017-12-31	$£0.27 B	-1.99%
2016-12-31	$£0.27 B	22.75%
2015-12-31	$£0.22 B	6.75%
2014-12-31	$£0.21 B	127.04%
2013-12-31	$£92.83 M	2.41%
2012-12-31	$£90.65 M	-14.61%
2011-12-31	$£0.10 B	29.69%
2010-12-31	$£81.85 M	-6.22%
2009-12-31	$£87.28 M	-27.83%
2008-12-31	$£0.12 B	35.54%
2007-12-31	$£89.22 M	1.66%
2006-12-31	$£87.76 M	-2.43%
2005-12-31	$£89.95 M	21.84%
2004-12-31	$£73.83 M	0.57%
2003-12-31	$£73.41 M	47.45%
2002-12-31	$£49.79 M	1.02%
2001-12-31	$£49.28 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	£0.32 B	-19.79%	🇺🇸 USA
Macatawa Bank MCBC	£0.22 B	-45.41%	🇺🇸 USA
1st Source SRCE	£0.84 B	107.75%	🇺🇸 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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