Infinity Trust Mortgage Bank's Profit Surges 27% in 2026

Infinity Trust Mortgage Bank Plc reported a pre-tax profit of N2.76 billion for the nine months ended September 30, 2026, representing a 26.94% increase from N2.18 billion in the corresponding period of 2025. Profit after tax also rose by 24.95% to N2.61 billion from N2.09 billion, despite higher interest expenses and operating costs.

The bank's turnover increased by 41.51% to N6.49 billion, supported by stronger interest income from mortgage lending and treasury operations. Interest income from mortgage loans and advances to customers was the largest contributor, generating N4.16 billion, accounting for 70.6% of total interest income.

Net loans and advances to customers increased by 46.48% to N36.69 billion. Despite higher funding costs, net interest income rose by 43.55% to N3.70 billion.

Operating expenses increased by 29.17% to N1.46 billion. The bank's total assets grew by 44.66% to N54.87 billion, driven by increased loans and advances.

However, the bank recorded a net operating cash outflow of N5.80 billion.