Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of September 2024 : C$0.81 Billion

According to Mercantile Bank's latest financial reports the company has C$0.81 Billion 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	$C$0.69 B	15.62%
2022-12-31	$C$0.59 B	2.94%
2021-12-31	$C$0.58 B	3.35%
2020-12-31	$C$0.56 B	3.48%
2019-12-31	$C$0.54 B	6.43%
2018-12-31	$C$0.51 B	11.13%
2017-12-31	$C$0.45 B	0.43%
2016-12-31	$C$0.45 B	-1.09%
2015-12-31	$C$0.46 B	21.6%
2014-12-31	$C$0.38 B	133.31%
2013-12-31	$C$0.16 B	11.97%
2012-12-31	$C$0.14 B	-13.15%
2011-12-31	$C$0.16 B	33.32%
2010-12-31	$C$0.12 B	-14.61%
2009-12-31	$C$0.14 B	-30.47%
2008-12-31	$C$0.21 B	19.29%
2007-12-31	$C$0.17 B	-11.21%
2006-12-31	$C$0.20 B	10.83%
2005-12-31	$C$0.18 B	6.18%
2004-12-31	$C$0.17 B	0.71%
2003-12-31	$C$0.16 B	33.95%
2002-12-31	$C$0.12 B	10.76%
2001-12-31	$C$0.11 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	C$0.63 B	-22.45%	🇺🇸 USA
Macatawa Bank MCBC	C$0.40 B	-49.77%	🇺🇸 USA
1st Source SRCE	C$1.64 B	101.47%	🇺🇸 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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