Infinity Trust Mortgage Bank Plc (ITMB) has posted a strong financial performance for the nine months ended September 30, 2025.
According to the unaudited financial statements released by the mortgage lender, total comprehensive income rose by 177% to ₦3.62 billion from ₦1.30 billion in the corresponding period of 2024.
Strong Top-Line Growth
Turnover for the period stood at ₦4.58 billion, up from ₦3.06 billion in the same period last year, indicating solid growth in the bank’s core operations.
Interest and similar income grew by 54.6%, reaching ₦3.80 billion from ₦2.46 billion reported in 2024, largely driven by improved yields from mortgage and investment activities.
However, interest and similar expenses also increased to ₦1.23 billion from ₦774.46 million, reflecting higher funding costs amid a tight monetary environment. Despite the increase, the bank’s net interest income improved to ₦2.58 billion, compared to ₦1.69 billion in the prior year.
Operating Income and Cost Efficiency
Net fees and commission income surged to ₦196.16 million from ₦85.65 million, representing a 129% rise, driven by higher transaction volumes and service-related fees. Other operating income also rose to ₦583.85 million from ₦512.41 million, contributing to a total operating income of ₦3.36 billion.
Credit loss expenses remained relatively stable at ₦55.27 million, compared to ₦57.08 million recorded a year earlier, demonstrating prudent credit risk management.
Total operating expenses increased moderately by 26%, from ₦893.90 million to ₦1.13 billion, reflecting higher personnel costs, depreciation, and other administrative expenses associated with the bank’s expanding operations.
Profitability
Profit before tax (PBT) rose impressively to ₦2.18 billion, a 63% increase from ₦1.33 billion reported in 2024. After accounting for income tax expenses of ₦90.78 million, the bank’s profit after tax (PAT) stood at ₦2.09 billion, compared to ₦1.30 billion in the previous year.
The bank also reported other comprehensive income of ₦1.53 billion, bringing total comprehensive income to ₦3.62 billion, compared to ₦2.01 billion for the full year of 2024.
Quarterly Highlights
For the third quarter (July–September 2025), the bank posted revenue of ₦1.79 billion and profit before tax of ₦870.53 million, up from ₦1.27 billion and ₦584.41 million, respectively, in Q3 2024.
Earnings Per Share
Earnings per share (EPS) rose to 65.67 kobo, up from 40.64 kobo in the corresponding period of 2024, reflecting stronger profitability and efficient balance sheet growth.
Outlook
The continued expansion in both interest and non-interest income segments underscores the bank’s operational resilience and strategic focus on mortgage financing and retail growth. With improved earnings and strong capital adequacy, Infinity Trust Mortgage Bank is well positioned to sustain profitability through the final quarter of 2025.
