Luther Burbank (LBC) - Net assets

Net assets on the balance sheet as of September 2023 : NZ$1.16 Billion

According to Luther Burbank's latest financial reports the company has NZ$1.16 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	$NZ$1.07 B	9.74%
2021-12-31	$NZ$0.97 B	15.18%
2020-12-31	$NZ$0.85 B	-6.78%
2019-12-31	$NZ$0.91 B	5.31%
2018-12-31	$NZ$0.86 B	11.93%
2017-12-31	$NZ$0.77 B	32.6%
2016-12-31	$NZ$0.58 B	7.61%
2015-12-31	$NZ$0.54 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Northeast Bank NBN	NZ$0.86 B	-26.09%	🇺🇸 USA
National Bank Holdings NBHC	NZ$2.30 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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