Independent Bank (Michigan) (IBCP)

Cash on Hand as of March 2023 : HK$1.76 Billion

According to Independent Bank (Michigan)'s latest financial reports the company has HK$1.76 Billion in cash and cash equivalents.
A company’s cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Independent Bank (Michigan) - Cash on Hand chart (from 1996 to 2023)

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
Mercantile Bank MBWM	HK$0.75 B	-57.37%	🇺🇸 USA
Macatawa Bank MCBC	HK$0.39 B	-77.44%	🇺🇸 USA
1st Source SRCE	HK$0.65 B	-62.69%	🇺🇸 USA
Huntington Bancshares HBAN	HK$53.87 B	2,947.32%	🇺🇸 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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Independent Bank (Michigan) (IBCP) - Cash on Hand