Infinity Trust Mortgage Bank Posts N2.1bn Profit In Q3

Infinity Trust Mortgage Bank Plc (ITMB) has announced its unaudited financial results for the nine months ended 30 September 2025. The bank recorded a turnover of N4.58 billion, representing a 49.9 per cent increase compared to N3.06 billion reported in the corresponding period of 2024.

The head of corporate Communications, Eseigbe Emmanuel, in a statement, reflected outstanding growth across key performance indicators, which he said was a result of the Bank’s leadership position in Nigeria’s mortgage banking sector.

Eseigbe, who reiterated that this growth was primarily driven by a 54.6 per cent surge in interest and similar income, which rose to N3.80 billion from N2.46 billion in Q3 2024, also lauded that profit before tax (PBT) for the period rose sharply by 63.3 per cent to N2.18 billion, compared to N1.33 billion in the same period last year. He also revealed that profit after tax (PAT) increased to N2.09 billion, up 60.1per cent from N1.30 billion in 2024.

While explaining that the ITMB is focused on providing innovative mortgage and housing finance solutions, with a proven track record in supporting sustainable home ownership and real estate development, the Communication head also boasted that earnings per share in the 3rd Quarter of 2025 of the bank climbed to 65.67 kobo, compared to 40.64 kobo in the prior period — underscoring improved shareholder value and operational efficiency.

He further reiterated that the Bank’s total assets grew significantly by 57.9 per cent, reaching N37.93 billion as of September 30, 2025 (N24.03 billion in September 2024). He boasted that the result was achieved due to the continued expansion in the loan portfolio and stronger investment positioning of the bank.

“Loans and customer advances increased to N25.05 billion (from N16.88 billion), signalling the Bank’s sustained commitment to supporting affordable housing and mortgage financing in Nigeria.

Similarly, total equity rose by 40.1 per cent to N11.91 billion, from N8.50 billion in the prior year, driven by higher retained earnings and revaluation gains”.

“The Bank’s total comprehensive income stood at N3.62 billion, representing a remarkable growth of 177.7 per cent year-on-year.

The financial statements were approved by the Board of Directors on 10 October 2025, and signed by Dr Olabanjo Obaleye (director), Tolu Osho (company secretary), and Bukola Afariogun (chief financial officer)”, he added.