Infinity Bancorp Announces Fourth Quarter Financial Results

Financial Highlights

Infinity Bancorp (OTCQB:INFT), the holding company for Infinity Bank, has reported their financial results for the quarter ended December 31, 2024. Some of the key highlights include:

• A dividend of $0.07 per share was paid during the fourth quarter of 2024.
• Total loans increased by $6.8 million, or 3.1% from the third quarter of 2024.
• Total assets increased by $2.9 million, or 1.0% since September 30, 2024.
• Total deposits increased by $7 million, or 2.5% compared to the third quarter of 2024.
• FHLB borrowings decreased by $5 million, or 50% since September 30, 2024.
• Total stockholders’ equity increased by $910 thousand from September 30, 2024.

Loans and Credit Losses

As of December 31, 2024, total loans were $226.3 million, compared to $219.5 million for the third quarter of 2024, representing an increase of $6.8 million, or 3.1%.

Reflections on the Results

These financial results show a positive trend for Infinity Bancorp and Infinity Bank, with increases in total loans, assets, and deposits. The decrease in FHLB borrowings and the growth in stockholders’ equity also demonstrate financial stability and strength. It is encouraging to see the company’s continued growth and success in the fourth quarter of 2024.

How This Will Affect Me

As a customer or investor of Infinity Bancorp or Infinity Bank, the positive financial results could potentially lead to better services, higher returns on investment, and increased confidence in the company’s stability and growth prospects.

How This Will Affect the World

The success of Infinity Bancorp and Infinity Bank can have a ripple effect on the financial industry, showcasing a model of sustainable growth and responsible banking practices. This could set a positive example for other financial institutions and contribute to overall economic stability.

Conclusion

In conclusion, the fourth quarter financial results of Infinity Bancorp paint a picture of success and growth, highlighting the company’s commitment to excellence and financial stability. These results bode well for both customers and investors, as well as the broader financial landscape, paving the way for a promising future ahead.