Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of September 2024 : S$0.61 Billion

According to Independent Bank (Michigan)'s latest financial reports the company has S$0.61 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$S$0.53 B	14.63%
2022-12-31	$S$0.46 B	-13.5%
2021-12-31	$S$0.53 B	4.54%
2020-12-31	$S$0.51 B	9.16%
2019-12-31	$S$0.47 B	1.94%
2018-12-31	$S$0.46 B	30.7%
2017-12-31	$S$0.35 B	-1.67%
2016-12-31	$S$0.36 B	1.46%
2015-12-31	$S$0.35 B	7.36%
2014-12-31	$S$0.33 B	12.75%
2013-12-31	$S$0.29 B	77.76%
2012-12-31	$S$0.16 B	24.19%
2011-12-31	$S$0.13 B	-13.36%
2010-12-31	$S$0.15 B	-0.54%
2009-12-31	$S$0.15 B	-44.66%
2008-12-31	$S$0.27 B	-19.47%
2007-12-31	$S$0.34 B	-12.58%
2006-12-31	$S$0.39 B	-4.23%
2005-12-31	$S$0.41 B	10.02%
2004-12-31	$S$0.37 B	36.32%
2003-12-31	$S$0.27 B	15.06%
2002-12-31	$S$0.23 B	-1.9%
2001-12-31	$S$0.24 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Mercantile Bank MBWM	S$0.79 B	28.95%	🇺🇸 USA
Macatawa Bank MCBC	S$0.39 B	-35.24%	🇺🇸 USA
1st Source SRCE	S$1.59 B	159.79%	🇺🇸 USA
Huntington Bancshares HBAN	S$27.98 B	4,465.30%	🇺🇸 USA

What is the market capitalization of a company?

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In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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