Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of March 2024 : A$0.80 B

According to Mercantile Bank's latest financial reports the company has A$0.80 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-12-31	$A$0.76 B	18.15%
2022-12-31	$A$0.64 B	3.3%
2021-12-31	$A$0.62 B	9.58%
2020-12-31	$A$0.57 B	-3.3%
2019-12-31	$A$0.59 B	11.29%
2018-12-31	$A$0.53 B	13.62%
2017-12-31	$A$0.46 B	-0.88%
2016-12-31	$A$0.47 B	3.17%
2015-12-31	$A$0.45 B	14.52%
2014-12-31	$A$0.40 B	132.79%
2013-12-31	$A$0.17 B	21.58%
2012-12-31	$A$0.14 B	-12.14%
2011-12-31	$A$0.16 B	29.37%
2010-12-31	$A$0.12 B	-20.59%
2009-12-31	$A$0.15 B	-37.95%
2008-12-31	$A$0.25 B	23.83%
2007-12-31	$A$0.20 B	-6.51%
2006-12-31	$A$0.21 B	2.87%
2005-12-31	$A$0.21 B	15.85%
2004-12-31	$A$0.18 B	4.47%
2003-12-31	$A$0.17 B	23.62%
2002-12-31	$A$0.14 B	1.19%
2001-12-31	$A$0.14 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	A$0.64 B	-19.79%	🇺🇸 USA
Macatawa Bank MCBC	A$0.43 B	-45.41%	🇺🇸 USA
1st Source SRCE	A$1.67 B	107.75%	🇺🇸 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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