Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of September 2024 : £0.45 Billion

According to Mercantile Bank's latest financial reports the company has £0.45 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	$£0.40 B	12.33%
2022-12-31	$£0.36 B	7.87%
2021-12-31	$£0.33 B	4.41%
2020-12-31	$£0.32 B	1.97%
2019-12-31	$£0.31 B	7.46%
2018-12-31	$£0.29 B	9.2%
2017-12-31	$£0.27 B	-1.99%
2016-12-31	$£0.27 B	22.62%
2015-12-31	$£0.22 B	6.87%
2014-12-31	$£0.21 B	126.74%
2013-12-31	$£92.95 M	2.49%
2012-12-31	$£90.69 M	-14.57%
2011-12-31	$£0.10 B	30.13%
2010-12-31	$£81.58 M	-5.77%
2009-12-31	$£86.58 M	-27.23%
2008-12-31	$£0.11 B	32.67%
2007-12-31	$£89.67 M	2.18%
2006-12-31	$£87.76 M	-2.43%
2005-12-31	$£89.95 M	21.95%
2004-12-31	$£73.76 M	1.35%
2003-12-31	$£72.78 M	46.19%
2002-12-31	$£49.79 M	1.02%
2001-12-31	$£49.28 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	£0.35 B	-22.45%	🇺🇸 USA
Macatawa Bank MCBC	£0.23 B	-49.77%	🇺🇸 USA
1st Source SRCE	£0.92 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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