Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of March 2024 : C$0.72 B

According to Mercantile Bank's latest financial reports the company has C$0.72 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	$C$0.69 B	15.62%
2022-12-31	$C$0.59 B	3.66%
2021-12-31	$C$0.57 B	2.62%
2020-12-31	$C$0.56 B	4.27%
2019-12-31	$C$0.54 B	5.49%
2018-12-31	$C$0.51 B	11.29%
2017-12-31	$C$0.45 B	0.43%
2016-12-31	$C$0.45 B	-1.2%
2015-12-31	$C$0.46 B	21.8%
2014-12-31	$C$0.38 B	133.32%
2013-12-31	$C$0.16 B	11.65%
2012-12-31	$C$0.14 B	-12.95%
2011-12-31	$C$0.16 B	33.14%
2010-12-31	$C$0.12 B	-14.59%
2009-12-31	$C$0.14 B	-30.72%
2008-12-31	$C$0.21 B	21.98%
2007-12-31	$C$0.17 B	-12.73%
2006-12-31	$C$0.20 B	10.83%
2005-12-31	$C$0.18 B	16.88%
2004-12-31	$C$0.15 B	-9.46%
2003-12-31	$C$0.17 B	35.36%
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$0.58 B	-19.79%	🇺🇸 USA
Macatawa Bank MCBC	C$0.39 B	-45.41%	🇺🇸 USA
1st Source SRCE	C$1.51 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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