Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : $0.69 Billion USD

According to Luther Burbank's latest financial reports the company has $0.69 Billion USD 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	$$0.68 B	2%
2021-12-31	$$0.66 B	9.03%
2020-12-31	$$0.61 B	-0.13%
2019-12-31	$$0.61 B	5.73%
2018-12-31	$$0.58 B	5.71%
2017-12-31	$$0.54 B	35.95%
2016-12-31	$$0.40 B	8.91%
2015-12-31	$$0.37 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	$0.51 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	$1.37 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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