 Ultrafilter construction of a Banach limit

A nonprincipal ultrafilter on the natural numbers gives a Banach limit by taking the ultralimit of the Cesàro means of each bounded sequence. Compactness of a closed bounded interval, or disk for complex sequences, supplies the limit. Finite intersections in the filter give linearity; nonnegative averages give positivity; constants give norm one. The Cesàro theorem for convergent sequences gives agreement with ordinary limits because the ultrafilter contains every cofinite set. For the left shift on bounded sequences, the two means differ by $(x_{n+1}-x_1)/n$, which tends to zero, proving shift invariance.