Infinity Trust Mortgage Bank Plc reported a pre-tax profit of N2.76 billion for the 9 months ended September 30, 2026, representing a 26.94% enhance from N2.18 billion recorded within the corresponding interval of 2025, in accordance to its unaudited monetary statements.
Profit after tax additionally elevated by 24.95% to N2.61 billion from N2.09 billion, regardless of greater curiosity bills and working prices through the reporting interval.
The mortgage lender’s nine-month turnover elevated by 41.51% to N6.49 billion from N4.58 billion, supported by stronger curiosity earnings from mortgage lending and treasury operations.
Key Highlights
- Turnover: N.49 billion (Up 41.51% YoY from N4.58 billion).
- Interest and comparable earnings: N5.89 billion (Up 54.71% YoY from N3.80 billion).
- Net curiosity earnings: N3.70 billion (Up 43.55% YoY from N2.58 billion).
- Net charges and fee earnings: N159.29 million (Down 18.79% YoY from N196.16 million).
- Other working earnings: N442.46 million (Down 24.22% YoY from N583.85 million).
- Total working earnings: N4.30 billion (Up 28.12% YoY from N3.36 billion).
- Total working bills: N1.46 billion (Up 29.17% YoY from N1.13 billion).
- Earnings per share: 81.97 kobo (Up 24.82% YoY from 65.67 kobo).
- Total belongings: N54.87 billion (Up 44.66% YoY from N37.93 billion).
- Loans and advances to clients: N36.69 billion (Up 46.48% YoY from N25.05 billion).
- Cash and money equivalents: N10.72 billion (Up 60.42% YoY from N6.68 billion).
Driving the numbers
Infinity Trust Mortgage Bank’s nine-month earnings progress was largely pushed by elevated curiosity earnings, significantly from mortgage lending actions and treasury operations.
- Interest and comparable earnings rose by 54.71% to N5.89 billion from N3.80 billion within the corresponding interval of 2025, reflecting stronger earnings era from the financial institution’s interest-earning belongings.
A breakdown of curiosity earnings confirmed that different mortgage loans and advances to clients remained the most important contributor, producing N4.16 billion, in contrast with N2.57 billion within the earlier yr.
This accounted for 70.6% of complete curiosity earnings, making it the financial institution’s principal earnings supply through the reporting interval.
Income from property mortgages additionally elevated to N565.51 million from N335.51 million, whereas treasury operations and placements generated N1.07 billion, in contrast with N787.60 million in 2025.
- However, earnings from National Housing Fund loans declined to N96.80 million from N109.53 million.
The enchancment in lending earnings got here alongside a major enlargement within the financial institution’s mortgage portfolio.
Net loans and advances to clients elevated by 46.48% to N36.69 billion as of September 2026, in contrast with N25.05 billion in September 2025.
The progress within the mortgage e book was accompanied by greater funding prices.
- Interest and comparable bills elevated by 78.18% to N2.19 billion from N1.23 billion, outpacing the rise in curiosity earnings.
- The detailed notes attributed a considerable portion of funding prices to debt issued and different borrowed funds, which accounted for N1.53 billion of curiosity bills, in contrast with N651.63 million within the corresponding interval of 2025.
- Interest bills on buyer deposits additionally elevated to N651.25 million from N574.67 million.
Despite the upper funding prices, web curiosity earnings elevated by 43.55% to N3.70 billion from N2.58 billion, offering the primary assist for earnings progress.
Non-interest earnings, nonetheless, recorded weaker efficiency.
Net charges and fee earnings declined by 18.79% to N159.29 million, whereas different working earnings dropped by 24.22% to N442.46 million.
- The decline in different working earnings mirrored decrease funding earnings, which fell to N385.70 million from N504.72 million, alongside a discount in rental earnings.
Operating bills additionally elevated through the interval, rising by 29.17% to N1.46 billion from N1.13 billion.
Nevertheless, the enlargement in web curiosity earnings was ample to take in the upper prices, permitting pre-tax profit to enhance by 26.94% to N2.76 billion.
Balance Sheet
The financial institution’s stability sheet additionally expanded considerably, with complete belongings rising by 44.66% to N54.87 billion from N37.93 billion in September 2025.
The asset progress was primarily pushed by elevated loans and advances to clients and better balances due from banks.
- Loans and advances elevated by N11.64 billion to N36.69 billion, whereas quantities due from banks rose by N3.98 billion to N10.54 billion.
On the funding facet, debt issued and different borrowed funds elevated by N12.57 billion to N26.87 billion, in contrast with N14.31 billion in September 2025.
- The financial institution’s borrowing construction included funding from the Nigeria Mortgage Refinance Company, the Development Bank of Nigeria, the Federal Mortgage Bank of Nigeria and the MRIEF on-lending fund.
This enlargement in borrowed funds coincided with the rise within the financial institution’s mortgage portfolio, though it additionally contributed to greater curiosity bills.
Despite stronger reported earnings, the financial institution recorded a web working money outflow of N5.80 billion, in contrast with an outflow of N4.47 billion within the corresponding nine-month interval of 2025.
- The money outflow was largely related to will increase in loans and advances, which absorbed N6.59 billion through the reporting interval.
Overall, the financial institution recorded a web enhance in money and money equivalents of N2.71 billion, down 12.34% from N3.09 billion within the corresponding interval of 2025.
The outcomes point out that elevated mortgage lending and treasury earnings supported profitability, though rising borrowing prices and adverse working money stream stay vital concerns in assessing the standard of earnings.
Market response
Infinity Trust Mortgage Bank’s shares closed at N11.25 per share on Monday, October 26, 2026, on the Nigerian Exchange.
The inventory started the yr at N7.00 per share and has since gained 60.71% year-to-date, equal to a value appreciation of N4.25 per share.
This efficiency locations Infinity Trust Mortgage Bank thirty eighth on the NGX when it comes to year-to-date share-price efficiency, primarily based on the provided rating.
