Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of September 2024 : ₹49.24 Billion

According to Mercantile Bank's latest financial reports the company has ₹49.24 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	$₹43.46 B	19%
2022-12-31	$₹36.52 B	7.49%
2021-12-31	$₹33.98 B	5.23%
2020-12-31	$₹32.29 B	8.71%
2019-12-31	$₹29.70 B	13.21%
2018-12-31	$₹26.23 B	12.32%
2017-12-31	$₹23.36 B	0.87%
2016-12-31	$₹23.15 B	4.4%
2015-12-31	$₹22.18 B	6.67%
2014-12-31	$₹20.79 B	119.55%
2013-12-31	$₹9.47 B	18.02%
2012-12-31	$₹8.02 B	-8.05%
2011-12-31	$₹8.72 B	54.67%
2010-12-31	$₹5.64 B	-13.19%
2009-12-31	$₹6.50 B	-22.44%
2008-12-31	$₹8.38 B	19.87%
2007-12-31	$₹6.99 B	-8.17%
2006-12-31	$₹7.61 B	9.07%
2005-12-31	$₹6.98 B	13.82%
2004-12-31	$₹6.13 B	3.46%
2003-12-31	$₹5.92 B	54.84%
2002-12-31	$₹3.82 B	11.03%
2001-12-31	$₹3.44 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	₹38.19 B	-22.45%	🇺🇸 USA
Macatawa Bank MCBC	₹24.73 B	-49.77%	🇺🇸 USA
1st Source SRCE	₹99.22 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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