Infinity Trust Mortgage Bank Plc (ITMB) has reported nine-month performance in which profit after tax increased by 60% to ₦2.09 billion and turnover reached ₦4.58 billion, driven by strong growth in interest income and continued expansion in its mortgage financing portfolio.
According to the bank, its unaudited financial results ended September 30, 2025 show strong performance across key financial indicators and reaffirm its leadership position in Nigeria’s mortgage banking sector.
The bank recorded a turnover of ₦4.58 billion for the period, representing an increase of 49.9% compared to ₦3.06 billion recorded in the same period of 2024.
The bank noted that the increase was mainly driven by a 54.6% increase in interest and similar income, which increased to ₦3.80 billion from ₦2.46 billion in the previous year.
Profit before tax (PBT) increased by 63.3% to ₦2.18 billion in 2024 from ₦1.33 billion, while profit after tax (PAT) increased 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 increased from 40.64 kobo to 65.67 kobo in 2024, reflecting enhanced shareholder value and improved operating efficiency.
Total assets as of September 30, 2025 stood at ₦37.93 billion, up 57.9% from ₦24.03 billion recorded in the same period last year.
The growth was attributed to expansion in loan portfolio and strong investment position. Loans and advances to customers increased from ₦16.88 billion to ₦25.05 billion,
Similarly, total equity increased by 40.1% to ₦11.91 billion from ₦8.50 billion a year ago due to higher retained earnings and revaluation gains. The bank’s total comprehensive income for the period stood at ₦3.62 billion, representing a 177.7% increase year-on-year.
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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 leading and most capitalized primary mortgage institutions in the country. The Bank is playing a vital role in advancing home ownership and real estate growth through innovative mortgage and housing finance solutions.
