Infinity Bancorp Announces Third Quarter 2026 Financial Results
Deposit growth and lower funding costs supported interest income, while higher marketing expenses weighed on profitability.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Infinity Bancorp (INFT) reported third-quarter 2026 net income of $1.4 million, unchanged from the preceding quarter but below the year-earlier result. Basic earnings per share were $0.44, unchanged sequentially and down $0.03 year over year. Net interest income rose 2.6% year over year to $5.1 million, while non-interest expense increased 13.2% to $3.4 million, primarily from marketing and promotional spending.
Deposits reached $330.3 million, up 6.7% during the quarter, with non-interest-bearing accounts representing 64% of deposits. Loans totaled $260.5 million, up 13.4% from year-end 2025. Quarterly net interest margin rose to 5.93%, but loan yields declined. Nine-month net income was $4.0 million versus $4.1 million a year earlier. Book value per share increased to $14.49 from $14.18 in June. A $0.10 quarterly dividend is payable November 30 to shareholders of record November 16, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointDeposits of $330.3 million rose 6.7% quarter over quarter and 9.2% from year-end 2025.
- Moderate pointLoans of $260.5 million increased 2.1% sequentially and 13.4% from year-end 2025.
- Moderate pointQuarterly net interest income of $5.1 million increased 4.4% sequentially and 2.6% year over year.
- Moderate pointQuarterly net interest margin of 5.93% rose 9 basis points sequentially and 12 basis points year over year.
- Moderate pointQuarterly funding costs fell to 1.19% from 1.28% sequentially and 1.41% a year earlier.
- Moderate pointNo FHLB or other borrowings remained outstanding, versus $5 million at year-end 2025.
11 minor points
- Minor pointNine-month net interest income of $14.7 million increased 4.2% from the same period in 2025.
- Minor pointNon-interest-bearing deposits of $212.6 million increased 20.8% sequentially and represented 64% of total deposits.
- Minor pointNine-month funding costs fell to 1.26% from 1.57% in the same period of 2025.
- Minor point$87 thousand provision credit reduced third-quarter credit-loss expense.
- Minor pointNo significant charge-offs occurred in the second or third quarters of 2026.
- Minor pointNine-month non-interest income of $467 thousand increased 19.1% year over year.
- Minor pointCapital ratios exceeded regulatory requirements: Tier 1 leverage 13.20%, Tier 1 risk-based 15.50%, total risk-based 18.10%.
- Minor pointBook value per share of $14.49 rose from $14.18 in June and $13.13 a year earlier.
- Minor pointCash and due from banks reached $97.684 million, versus $78.815 million at June 30, 2026.
- Minor pointStockholders’ equity reached $45.000 million, versus $44.036 million at June 30, 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Securities amortization provides approximately $650 thousand monthly for reinvestment in higher-yielding assets.
Negative
- Moderate pointQuarterly net income of $1.4 million was stable sequentially but declined $113 thousand year over year.
- Moderate pointQuarterly non-interest expense of $3.4 million increased 16.9% sequentially and 13.2% year over year.
- Moderate pointQuarterly efficiency ratio worsened to 64.1% from 57.1% sequentially and 58.2% a year earlier.
- Moderate pointQuarterly loan yield fell to 8.21% from 8.34% sequentially and 8.92% a year earlier.
- Minor pointBasic quarterly EPS of $0.44 was unchanged sequentially and down $0.03 year over year.
12 minor points
- Minor pointNine-month net income of $4.0 million compared with $4.1 million a year earlier.
- Minor pointNine-month basic EPS of $1.28 fell from $1.30 in the same period of 2025.
- Minor pointNine-month non-interest expense of $9.1 million increased 6.8% year over year.
- Minor pointNine-month efficiency ratio worsened to 60.1% from 58.9% a year earlier.
- Minor pointNine-month loan yield fell to 8.37% from 8.92% in the same period of 2025.
- Minor pointNine-month net interest margin declined to 5.81% from 5.84% a year earlier.
- Minor pointQuarterly non-interest income of $157 thousand fell 9.8% sequentially but increased 9.8% year over year.
- Minor pointAnnualized quarterly return on average assets fell to 1.56% from 1.60% sequentially and 1.71% a year earlier.
- Minor pointAnnualized nine-month return on average assets fell to 1.55% from 1.66% a year earlier.
- Minor pointAnnualized quarterly return on average equity fell to 12.27% from 12.44% sequentially and 14.57% a year earlier.
- Minor pointAnnualized nine-month return on average equity fell to 12.25% from 13.99% a year earlier.
- Minor point$22.3 million in loan payoffs offset third-quarter new loans and advances of $27.6 million.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SANTA ANA, CA / ACCESS Newswire / October 29, 2026 / Infinity Bancorp (OTCQB:INFT) (the "Company" or "Bancorp"), the holding company for Infinity Bank (the "Bank"), today announced financial results for the quarter ended, September 30, 2026.
Financial highlights for the third quarter of 2026:
- Net income of
$1.4 million ; basic EPS of$0.44 - Deposits increased
$20.8 million , or6.7% , during the quarter - Non-interest-bearing deposits increased to
64% of total deposits - No FHLB or other borrowings outstanding
- Loan portfolio increased
13.4% year-to-date - Quarterly cash dividend of
$0.10 per share
Loans and Allowance for Credit Losses
Total loans were
In order to maintain the Bank's Allowance for Credit Losses (ACL) at its current expected loss rate, as a percentage of total loans, the Bank recorded a credit to provision expense of
Yields on total loans decreased to
Deposits and Borrowed Funds
Total deposits equaled
The Company did not have any Federal Home Loan Bank (FHLB) or other borrowings at September 30, 2026, or June 30, 2026, decreasing from
The Company's cost of funds was down to
Net Interest Income
Net interest income for the third quarter of 2026 was
The Company's net interest margin for the third quarter of 2026 was up 9 basis points to
Non-Interest Income
For the third quarter of 2026, non-interest income totaled
Non-Interest Expense
For the third quarter of 2026, non-interest expense totaled
Net Income
For the third quarter of 2026 the Company's net income remained stable at
The return on average assets decreased 4 basis points to
The return on average equity for the third quarter of 2026 was
Capital Management and Subsequent Event
The Company maintained capital levels well above regulatory requirements, ending the quarter with a Tier 1 leverage ratio of
On October 28, 2026, the Company declared a
The book value of the Company's common stock was
ABOUT INFINITY BANCORP AND INFINITY BANK
Infinity Bank is the sole subsidiary of Infinity Bancorp. Infinity Bancorp, formed on October 21, 2022, is the bank holding company for Infinity Bank. The Bancorp does not have any operations other than through its sole subsidiary, Infinity Bank. The Bank is a community bank that commenced operations in February 2018. The Bank is focused on serving the banking needs of commercial businesses, professional service entities, their owners, employees, and families. The Bank offers a broad selection of depository products and services as well as business loan and commercial real estate financing products uniquely designed for each client. For more information about Infinity Bank and its services, please visit www.infinity.bank
This news release contains several forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Bancorp (which includes the Bank) considering management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements do not guarantee future performance and are subject to risks, uncertainties, and other factors (many of which are beyond the Bancorp's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect the Bancorp's results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Bancorp's control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Bancorp; unanticipated or significant increases in loan losses; changes in accounting principles, policies or guidelines may cause the Bancorp's financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Bancorp's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Bancorp conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Bancorp currently anticipates; legislation or regulatory changes may adversely affect the Bancorp's business; technological changes may be more difficult or expensive than the Bancorp anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Bancorp anticipates; or litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Bancorp anticipates.
6 Hutton Centre Drive, Suite 100
Santa Ana, CA 92707
| Bala Balkrishna CEO Phone: (657) 223-1000 Bala@infinity.bank | Victor Guerrero President, COO Phone: (562) 631-3042 Victor@infinity.bank | Allison Duncan CFO Phone: (657) 304-2378 Allisond@infinity.bank |
INFINITY BANCORP
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Dollars in thousands)
| September 30, 2026 | June 30, 2026 | December 31, 2025 | ||||||||||
ASSETS: | ||||||||||||
Cash and due from banks | $ | 97,684 | $ | 78,815 | $ | 97,077 | ||||||
Securities available for sale | 20,894 | 23,724 | 27,106 | |||||||||
Total Loans | 260,488 | 255,149 | 229,790 | |||||||||
Allowance for credit losses | (3,756 | ) | (3,853 | ) | (3,639 | ) | ||||||
Net Loans | 256,732 | 251,296 | 226,151 | |||||||||
Premises and equipment, net | 1,036 | 1,069 | 1,189 | |||||||||
Other assets | 4,666 | 4,604 | 4,464 | |||||||||
TOTAL ASSETS | $ | 381,012 | $ | 359,508 | $ | 355,987 | ||||||
LIABILITIES | ||||||||||||
Deposits: | ||||||||||||
Non-interest bearing | $ | 212,575 | $ | 175,983 | $ | 173,357 | ||||||
Interest bearing | 117,718 | 133,490 | 129,044 | |||||||||
Total deposits | 330,293 | 309,473 | 302,401 | |||||||||
Other liabilities | 1,767 | 2,005 | 2,290 | |||||||||
FHLB and other borrowings | - | - | 5,000 | |||||||||
Subordinated debt | 3,952 | 3,994 | 3,984 | |||||||||
TOTAL LIABILITIES | 336,012 | 315,472 | 313,675 | |||||||||
Stockholders' Equity: | ||||||||||||
Common stock | 33,212 | 33,198 | 33,537 | |||||||||
Retained earnings (Accumulated deficit) | 9,412 | 9,723 | 4,956 | |||||||||
Net income | 4,010 | 2,639 | 5,364 | |||||||||
Accumulated other comprehensive gain (loss) | (1,634 | ) | (1,524 | ) | (1,545 | ) | ||||||
TOTAL STOCKHOLDERS' EQUITY | 45,000 | 44,036 | 42,312 | |||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 381,012 | $ | 359,508 | $ | 355,987 | ||||||
INFINITY BANCORP
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Dollars in thousands)
| For the Three Months Ended | For the Nine Months Ended | |||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||
Interest Income: | ||||||||||||||||||||
Loans | $ | 5,285 | $ | 5,136 | $ | 4,895 | $ | 15,265 | $ | 14,868 | ||||||||||
Investment securities | 98 | 90 | 123 | 327 | 385 | |||||||||||||||
Other short-term investments | 577 | 570 | 995 | 1,961 | 2,274 | |||||||||||||||
Total interest income | 5,960 | 5,796 | 6,013 | 17,553 | 17,527 | |||||||||||||||
Interest expense: | ||||||||||||||||||||
Deposits | 842 | 894 | 1,023 | 2,663 | 3,119 | |||||||||||||||
Borrowed funds | 47 | 47 | 47 | 142 | 259 | |||||||||||||||
Total interest expense | 889 | 941 | 1,070 | 2,805 | 3,378 | |||||||||||||||
Net interest income | 5,071 | 4,855 | 4,943 | 14,748 | 14,149 | |||||||||||||||
Provision for credit losses | (87 | ) | 205 | - | 331 | 146 | ||||||||||||||
Net interest income after provision for credit losses | 5,158 | 4,650 | 4,943 | 14,417 | 14,003 | |||||||||||||||
Non-interest income: | ||||||||||||||||||||
Service charges | 108 | 115 | 91 | 312 | 243 | |||||||||||||||
Other income | 49 | 59 | 52 | 155 | 149 | |||||||||||||||
Total non-interest income | 157 | 174 | 143 | 467 | 392 | |||||||||||||||
Non-interest expense: | ||||||||||||||||||||
Salaries and employee benefits | 2,293 | 2,054 | 2,151 | 6,395 | 6,289 | |||||||||||||||
Occupancy | 64 | 66 | 61 | 193 | 183 | |||||||||||||||
Furniture, fixture & equipment | 29 | 24 | 37 | 87 | 114 | |||||||||||||||
Data processing | 164 | 160 | 142 | 478 | 425 | |||||||||||||||
Professional & legal | 169 | 191 | 161 | 522 | 437 | |||||||||||||||
Marketing | 225 | 76 | 100 | 354 | 221 | |||||||||||||||
Other expense | 409 | 298 | 309 | 1,108 | 890 | |||||||||||||||
Total non-interest expense | 3,353 | 2,869 | 2,961 | 9,137 | 8,559 | |||||||||||||||
Income before taxes | 1,962 | 1,955 | 2,125 | 5,747 | 5,836 | |||||||||||||||
Income tax expense | 591 | 596 | 641 | 1,737 | 1,757 | |||||||||||||||
Net Income | $ | 1,371 | $ | 1,359 | $ | 1,484 | $ | 4,010 | $ | 4,079 | ||||||||||
Earnings per share ("EPS"): Basic | $ | 0.44 | $ | 0.44 | $ | 0.47 | $ | 1.28 | $ | 1.30 | ||||||||||
Earnings per share ("EPS"): Dilutive | $ | 0.40 | $ | 0.39 | $ | 0.44 | $ | 1.17 | $ | 1.25 | ||||||||||
Common shares outstanding | 3,105,141 | 3,105,141 | $ | 3,127,641 | 3,105,141 | 3,127,641 | ||||||||||||||
INFINITY BANCORP
UNAUDITED CONSOLIDATED FINANCIAL HIGHLIGHTS
| At and For the Three Months Ended | At and For the Nine Months Ended | |||||||||||||||||||
| September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||||
Performance Ratios: | ||||||||||||||||||||
Net interest margin | 5.93 | % | 5.84 | % | 5.81 | % | 5.81 | % | 5.84 | % | ||||||||||
Cost of funds | 1.19 | % | 1.28 | % | 1.41 | % | 1.26 | % | 1.57 | % | ||||||||||
Loan to deposit ratio | 78.87 | % | 82.45 | % | 65.86 | % | 78.87 | % | 65.86 | % | ||||||||||
Yield on total loans | 8.21 | % | 8.34 | % | 8.92 | % | 8.37 | % | 8.92 | % | ||||||||||
Return on average assets | 1.56 | % | 1.60 | % | 1.71 | % | 1.55 | % | 1.66 | % | ||||||||||
Return on average equity | 12.27 | % | 12.44 | % | 14.57 | % | 12.25 | % | 13.99 | % | ||||||||||
Efficiency ratio | 64.14 | % | 57.05 | % | 58.22 | % | 60.05 | % | 58.86 | % | ||||||||||
Book value of common stock | $ | 14.49 | $ | 14.18 | $ | 13.13 | ||||||||||||||
Asset Quality Summary: | ||||||||||||||||||||
Allowance for credit losses/Total loans | 1.44 | % | 1.51 | % | 1.68 | % | 1.44 | % | 1.68 | % | ||||||||||
Capital Ratios: | ||||||||||||||||||||
Tier 1 risk-based capital ratio | 15.50 | % | 15.31 | % | 16.49 | % | 15.50 | % | 16.49 | % | ||||||||||
Total risk-based capital ratio | 18.10 | % | 17.94 | % | 19.29 | % | 18.10 | % | 19.29 | % | ||||||||||
Tier 1 leverage ratio | 13.20 | % | 13.03 | % | 12.21 | % | 13.20 | % | 12.21 | % | ||||||||||
SOURCE: Infinity Bank Santa Ana California
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Infinity Bancorp’s third-quarter 2026 earnings?
Infinity Bancorp earned $1.4 million, or $0.44 per basic share, in the third quarter of 2026. Both measures were unchanged from the second quarter. Compared with the third quarter of 2025, net income declined $113 thousand and basic earnings per share decreased $0.03.
When will Infinity Bancorp pay its quarterly dividend?
Infinity Bancorp will pay its $0.10-per-share cash dividend on November 30, 2026, to shareholders of record on November 16, 2026. The dividend was declared on October 28, 2026.
How does Infinity Bancorp’s securities portfolio support liquidity?
Infinity Bancorp’s securities are pledged to the Federal Home Loan Bank, allowing borrowing of approximately 95% of the portfolio’s fair market value. The portfolio consists entirely of government agency or government-sponsored enterprise securities and had an average life of 2.5 years at September 30, 2026.
What was Infinity Bancorp’s credit-loss allowance at September 30, 2026?
The Bank’s allowance for credit losses was 1.44% of total loans, down from 1.51% in the preceding quarter. The allowance is a reserve against expected loan losses. Its September 30, 2026 balance was $3.756 million, compared with $3.853 million at June 30, 2026.