Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of September 2024 : $0.58 Billion USD

According to Mercantile Bank's latest financial reports the company has $0.58 Billion USD 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	$$0.52 B	18.29%
2022-12-31	$$0.44 B	-3.32%
2021-12-31	$$0.45 B	3.4%
2020-12-31	$$0.44 B	6%
2019-12-31	$$0.41 B	11.01%
2018-12-31	$$0.37 B	2.56%
2017-12-31	$$0.36 B	7.35%
2016-12-31	$$0.34 B	2.1%
2015-12-31	$$0.33 B	1.73%
2014-12-31	$$0.32 B	114.01%
2013-12-31	$$0.15 B	4.59%
2012-12-31	$$0.14 B	-11.16%
2011-12-31	$$0.16 B	31.02%
2010-12-31	$$0.12 B	-10.11%
2009-12-31	$$0.14 B	-19.65%
2008-12-31	$$0.17 B	-2.12%
2007-12-31	$$0.17 B	3.63%
2006-12-31	$$0.17 B	10.82%
2005-12-31	$$0.15 B	9.54%
2004-12-31	$$0.14 B	8.77%
2003-12-31	$$0.13 B	63.09%
2002-12-31	$$79.83 M	11.71%
2001-12-31	$$71.46 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	$0.45 B	-22.45%	🇺🇸 USA
Macatawa Bank MCBC	$0.29 B	-49.77%	🇺🇸 USA
1st Source SRCE	$1.17 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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