Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of June 2024 : A$0.64 B

According to Independent Bank (Michigan)'s latest financial reports the company has A$0.64 B 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	-6.8%
2021-12-31	$A$0.54 B	8.41%
2020-12-31	$A$0.50 B	1.48%
2019-12-31	$A$0.49 B	3.56%
2018-12-31	$A$0.48 B	41.75%
2017-12-31	$A$0.33 B	-1.75%
2016-12-31	$A$0.34 B	0.2%
2015-12-31	$A$0.34 B	12.9%
2014-12-31	$A$0.30 B	17.6%
2013-12-31	$A$0.25 B	99.44%
2012-12-31	$A$0.13 B	30.07%
2011-12-31	$A$0.10 B	-14.91%
2010-12-31	$A$0.11 B	-4.24%
2009-12-31	$A$0.12 B	-56.47%
2008-12-31	$A$0.28 B	2.52%
2007-12-31	$A$0.27 B	-15.96%
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$0.80 B	24.67%	🇺🇸 USA
Macatawa Bank MCBC	A$0.43 B	-31.94%	🇺🇸 USA
1st Source SRCE	A$1.67 B	158.99%	🇺🇸 USA
Huntington Bancshares HBAN	A$29.34 B	4,444.68%	🇺🇸 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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