Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of June 2024 : C$0.58 B

According to Independent Bank (Michigan)'s latest financial reports the company has C$0.58 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	$C$0.53 B	13.73%
2022-12-31	$C$0.47 B	-6.47%
2021-12-31	$C$0.50 B	1.53%
2020-12-31	$C$0.49 B	9.42%
2019-12-31	$C$0.45 B	-1.84%
2018-12-31	$C$0.46 B	38.84%
2017-12-31	$C$0.33 B	-0.45%
2016-12-31	$C$0.33 B	-4.04%
2015-12-31	$C$0.34 B	20.08%
2014-12-31	$C$0.29 B	17.87%
2013-12-31	$C$0.24 B	83.14%
2012-12-31	$C$0.13 B	28.86%
2011-12-31	$C$0.10 B	-12.42%
2010-12-31	$C$0.11 B	2.99%
2009-12-31	$C$0.11 B	-51.39%
2008-12-31	$C$0.23 B	0.98%
2007-12-31	$C$0.23 B	-21.55%
2006-12-31	$C$0.30 B	4%
2005-12-31	$C$0.28 B	15.02%
2004-12-31	$C$0.25 B	18.17%
2003-12-31	$C$0.21 B	-2.47%
2002-12-31	$C$0.21 B	3.76%
2001-12-31	$C$0.21 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Mercantile Bank MBWM	C$0.72 B	24.67%	🇺🇸 USA
Macatawa Bank MCBC	C$0.39 B	-31.94%	🇺🇸 USA
1st Source SRCE	C$1.51 B	158.99%	🇺🇸 USA
Huntington Bancshares HBAN	C$26.53 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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