Infinity Trust Mortgage Bank Plc (ITMB) has reported a nine-month performance, with profit after tax rising by 60% to ₦2.09 billion and turnover hitting ₦4.58 billion, driven by robust growth in interest income and sustained expansion in its mortgage financing portfolio.
According to the bank, its unaudited financial results ended September 30, 2025, shows strong performance across key financial indicators and reaffirming its leadership position in Nigeria’s mortgage banking sector.
The Bank reported a turnover of ₦4.58 billion for the period, representing a 49.9% increase compared to ₦3.06 billion recorded in the corresponding period of 2024.
The bank noted that this growth was largely driven by a 54.6% rise in interest and similar income, which grew to ₦3.80 billion from ₦2.46 billion in the previous year.
Profit before tax (PBT) surged by 63.3% to ₦2.18 billion, up from ₦1.33 billion in 2024, while profit after tax (PAT) rose by 60.1% to ₦2.09 billion, compared to ₦1.30 billion in the same period last year.
The Bank’s earnings per share also climbed to 65.67 kobo, from 40.64 kobo in 2024, reflecting enhanced shareholder value and improved operational efficiency.
Total assets stood at ₦37.93 billion as at September 30, 2025, a 57.9% increase from ₦24.03 billion recorded in the same period last year.
The growth was attributed to an expansion in the loan portfolio and a stronger investment position. Loans and advances to customers rose to ₦25.05 billion from ₦16.88 billion,
Similarly, total equity increased by 40.1% to ₦11.91 billion from ₦8.50 billion a year earlier, driven by higher retained earnings and revaluation gains. The Bank’s total comprehensive income for the period stood at ₦3.62 billion, representing 177.7% year-on-year growth.
Read also: Naira again jumps to record high of N1,436.97/$ since EFEMS trading
The financial statements were approved by the Board of Directors on October 10, 2025, and signed by Olabanjo Obaleye, Director, Tolu Osho, Company Secretary, and Bukola Afariogun Chief Financial Officer.
Established in 2002 and listed on the Nigerian Exchange (NGX), Infinity Trust Mortgage Bank Plc remains one of the country’s leading and most capitalized primary mortgage institutions. The Bank continues to play a pivotal role in advancing home ownership and real estate development through innovative mortgage and housing finance solutions.
