Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of September 2024 : A$0.69 Billion

According to Independent Bank (Michigan)'s latest financial reports the company has A$0.69 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	$A$0.59 B	16.22%
2022-12-31	$A$0.51 B	-7.07%
2021-12-31	$A$0.54 B	8.5%
2020-12-31	$A$0.50 B	1.29%
2019-12-31	$A$0.50 B	3.94%
2018-12-31	$A$0.48 B	41.8%
2017-12-31	$A$0.33 B	-1.75%
2016-12-31	$A$0.34 B	0.21%
2015-12-31	$A$0.34 B	12.66%
2014-12-31	$A$0.30 B	17.83%
2013-12-31	$A$0.25 B	99.89%
2012-12-31	$A$0.12 B	29.77%
2011-12-31	$A$0.10 B	-14.62%
2010-12-31	$A$0.11 B	-4.14%
2009-12-31	$A$0.12 B	-55.72%
2008-12-31	$A$0.27 B	0.41%
2007-12-31	$A$0.27 B	-16%
2006-12-31	$A$0.32 B	-3.48%
2005-12-31	$A$0.33 B	14.01%
2004-12-31	$A$0.29 B	36.36%
2003-12-31	$A$0.21 B	-10.93%
2002-12-31	$A$0.24 B	-5.2%
2001-12-31	$A$0.25 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Mercantile Bank MBWM	A$0.89 B	28.95%	🇺🇸 USA
Macatawa Bank MCBC	A$0.44 B	-35.24%	🇺🇸 USA
1st Source SRCE	A$1.80 B	159.79%	🇺🇸 USA
Huntington Bancshares HBAN	A$31.71 B	4,465.30%	🇺🇸 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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