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Infinity Bank (INFT) delivers community-focused banking services through tailored commercial loans and deposit solutions. This news hub provides investors and stakeholders with essential updates about the institution's financial operations and market position.
Access timely announcements including earnings reports, regulatory filings, leadership updates, and strategic initiatives. Our curated collection ensures transparent tracking of Infinity Bank's loan portfolio developments, risk management practices, and community engagement efforts.
Key updates cover interest rate strategies, credit quality assessments, and deposit service innovations. Bookmark this page for verified information about commercial real estate financing trends and relationship banking developments directly from the source.
Infinity Bancorp (OTCQB:INFT) reported strong financial results for the year ending December 31, 2022, highlighting a 90% increase in net income for Q4 compared to Q3, and a 212% rise year-over-year. Total assets grew by $13.3 million and total deposits increased $13.8 million year-over-year. The yield on total loans improved to 8.48%, up from 6.93% a year prior, reflecting the impact of rising interest rates. However, total deposits saw a 5.0% decline from Q3. The Bank maintains strong capital ratios, exceeding regulatory requirements, with a Tier 1 risk-based capital ratio of 15.2% as of the end of 2022.
Infinity Bank (OTCQB:INFT) reported financial results for Q3 2022, highlighting a net income of $725,000, reflecting a 69% increase from Q2 2022. Total assets rose by $7.2 million, and deposits increased by $7.9 million to $291 million. The net interest margin improved by 69 basis points to 4.10%, while total loans decreased by 2.4%. The bank also raised its Allowance for Loan and Lease Losses to 1.81%. Non-interest income fell by 34.3% in Q3, and non-interest expenses increased by 18.1%. Overall, the bank continues to exceed capital requirements with a tier 1 risk-based capital ratio of 14.5%.
Infinity Bank (OTCQB:INFT) announced its financial results for Q2 2022, with total assets rising by $6.7 million and total deposits increasing by $7.4 million compared to Q1 2022. Net income reached $430,000, a 42% year-over-year growth, while net interest income grew by 27.2% to $2.5 million. The loan portfolio expanded to $154.4 million, a 4.9% increase from the previous quarter. However, the bank raised its Allowance for Loan and Lease Losses to 1.61% of total loans due to recession concerns. The book value per share slightly declined to $8.03.
Infinity Bank reported financial results for Q1 2022, showing a 7% increase in net income to $472K, or $0.14 per share, compared to Q4 2021, and an impressive 88% year-over-year growth. Total assets rose by $12 million, while deposits grew by $13 million. However, total loans decreased by 1.9% from the previous quarter. The Bank's net interest margin fell to 3.35%, down from 3.57% in Q4 2021, primarily due to reduced fee income from PPP loans. The Bank remains well-capitalized with tier 1 leverage at 9.7%.
Infinity Bank (OTCQB:INFT) reported its financial results for the year and fourth quarter of 2021, highlighting significant growth with a 53% year-over-year increase in net interest income, totaling $8.9 million. Total assets rose by $92 million, while total loans grew by $14.2 million year-over-year. The bank successfully reversed a $1.89 million deferred tax asset valuation allowance, reflecting profitable operations. However, net income in Q4 dropped 79.8% to $440,000.
Infinity Bank (OTCQB:INFT) reported financial results for Q3 2021, marking its fourth consecutive profitable quarter with a net income of $2.2 million ($0.66 per share). The bank reversed a $1.98 million tax asset valuation allowance, contributing to this profitability. Total deposits rose by $123.1 million, while total loans increased by 13% year-over-year. Net-interest income was $2.3 million, up 46.8% from Q3 2020. The bank’s tier 1 leverage ratio stands at 8.96%, indicating robust capital strength.
Infinity Bank (OTCQB:INFT) reported strong financial results for Q2 2021, achieving a net income of $302K, reflecting a 20.3% increase from Q1 2021. Total loans rose to $153.5 million, a 7.5% quarter-over-quarter growth. Deposits climbed by $16.6 million, reaching $176.3 million. The bank's net-interest income increased by 4.0% to $2 million, while non-interest income grew by 58.8% to $81K. Improved capital ratios were observed, maintaining regulatory compliance with a tier 1 leverage ratio of 13.00%. Overall, the bank demonstrates positive momentum amid ongoing economic recovery.
Infinity Bank (OTCQB:INFT) announced its third-quarter financial results for 2020, showing a notable increase in total loans by $21 million (18.3%) to $136.1 million. Total deposits rose by $10 million (7.0%) to $152.7 million. The net loss decreased by 18% to $165 thousand ($0.05 per share). Net-interest income surged by 30.4% to $1.6 million, while non-interest income fell 3.8% to $51 thousand. The Bank maintained a robust capital position with a tier 1 capital ratio of 15.7%.
