Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : ₹63.20 Billion

According to Luther Burbank's latest financial reports the company has ₹63.20 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	$₹56.47 B	13.4%
2021-12-31	$₹49.80 B	10.97%
2020-12-31	$₹44.88 B	2.43%
2019-12-31	$₹43.81 B	7.83%
2018-12-31	$₹40.63 B	15.76%
2017-12-31	$₹35.10 B	27.74%
2016-12-31	$₹27.47 B	11.37%
2015-12-31	$₹24.67 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	₹46.71 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	₹125.04 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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