Mercantile Bank (MBWM) - Net assets

Net assets on the balance sheet as of September 2024 : NZ$1.03 Billion

According to Mercantile Bank's latest financial reports the company has NZ$1.03 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	$NZ$0.82 B	18.76%
2022-12-31	$NZ$0.69 B	4.01%
2021-12-31	$NZ$0.66 B	9.23%
2020-12-31	$NZ$0.61 B	-1.06%
2019-12-31	$NZ$0.61 B	10.56%
2018-12-31	$NZ$0.55 B	8.59%
2017-12-31	$NZ$0.51 B	4.71%
2016-12-31	$NZ$0.49 B	0.88%
2015-12-31	$NZ$0.48 B	16.46%
2014-12-31	$NZ$0.41 B	124.46%
2013-12-31	$NZ$0.18 B	4.71%
2012-12-31	$NZ$0.17 B	-15.71%
2011-12-31	$NZ$0.21 B	29.51%
2010-12-31	$NZ$0.16 B	-15.37%
2009-12-31	$NZ$0.19 B	-35.8%
2008-12-31	$NZ$0.30 B	29.19%
2007-12-31	$NZ$0.23 B	-4.69%
2006-12-31	$NZ$0.24 B	7.52%
2005-12-31	$NZ$0.22 B	14.35%
2004-12-31	$NZ$0.19 B	-0.91%
2003-12-31	$NZ$0.20 B	31.3%
2002-12-31	$NZ$0.15 B	-11.36%
2001-12-31	$NZ$0.17 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Independent Bank (Michigan) IBCP	NZ$0.79 B	-22.45%	🇺🇸 USA
Macatawa Bank MCBC	NZ$0.51 B	-49.77%	🇺🇸 USA
1st Source SRCE	NZ$2.07 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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