Welcome to our dedicated page for Infinity Bank news (Ticker: INFT), a resource for investors and traders seeking the latest updates and insights on Infinity Bank stock.
Infinity Bancorp (OTCQB: INFT) is the bank holding company for Infinity Bank, a community bank based in Santa Ana, California. Company news releases explain that Infinity Bank focuses on serving commercial businesses, professional service entities, and their owners, employees, and families, with a broad selection of depository products, business loans, and commercial real estate financing.
This news page aggregates Infinity Bancorp’s publicly released updates, with a strong emphasis on quarterly and annual financial results and dividend declarations. The company regularly publishes detailed discussions of net interest income, net interest margin, loan growth or payoffs, deposit trends, cost of funds, and allowance for credit losses, giving readers insight into how its community banking operations are performing.
Investors and analysts can use this feed to review Infinity Bancorp’s reported trends in non-interest income and non-interest expense, including commentary on salaries and employee benefits, occupancy, and other operating costs. The company’s releases also describe capital ratios, book value per share, and the composition of its investment securities portfolio, which it states consists of government agency or government sponsored enterprise securities.
In addition, Infinity Bancorp frequently announces quarterly cash dividends on its common stock, specifying per-share amounts, record dates, and payment dates. These dividend announcements and financial result updates help market participants track the company’s approach to shareholder distributions and capital management. Bookmark this page to access Infinity Bancorp’s historical and ongoing news flow in one place.
Infinity Bancorp (INFT) has announced a quarterly cash dividend of $0.07 per common share. The dividend will be payable on November 29, 2024 to shareholders of record as of November 14, 2024. Infinity Bancorp, established in October 2022, operates through its sole subsidiary, Infinity Bank, a community bank founded in February 2018 that focuses on serving commercial businesses, professional service entities, and their stakeholders with depository products, services, and commercial financing solutions.
Infinity Bancorp (OTCQB:INFT) announced its Q2 2024 financial results, highlighting several key developments:
- Completed a stock offering, raising $4.75 million by selling 380,000 shares
- Paid a dividend of $0.07 per share
- Total loans increased by 5.92% since December 31, 2023
- Net income rose 10.1% from Q1 2024 to $903,000
- Total deposits reached $257.6 million, with non-interest-bearing demand accounts comprising 55% of total deposits
- Net interest margin improved to 5.63%, up 35 basis points from Q1 2024
- The company remains well-capitalized with a tier 1 leverage ratio of 12.40%
Despite economic uncertainties, Infinity Bancorp maintained a cautious approach to credit risk management while focusing on loan growth and deposit stability.
Infinity Bancorp (OTCQB:INFT), the holding company for Infinity Bank, has announced a quarterly cash dividend of $0.07 per common share. The dividend is payable on August 26, 2024 to shareholders of record on August 12, 2024. Infinity Bank, the sole subsidiary of Infinity Bancorp, is a community bank that began operations in February 2018. The bank focuses on serving the banking needs of commercial businesses, professional service entities, and their associated individuals. It offers a range of depository products and services, as well as business loan and commercial real estate financing products tailored to each client's needs.
Infinity Bancorp announced their financial results for the first quarter of 2024, highlighting a dividend of $0.07 per share paid, total liquidity of $117 million, total loans increasing by $7.5 million, total deposits increasing by $12.7 million, and earnings per share increasing to $0.30 per share. The Company also declared a $0.07 cash dividend and made additional provisions to the Allowance for Credit Losses during the quarter. Yields on total loans increased to 9.39%, deposits totaled $262.3 million, non-interest income decreased, non-interest expense increased, income tax expense increased, and net income increased to $820 thousand. The Company remains well-capitalized with a tier 1 leverage ratio of 12.28%, tier 1 risk-based capital ratio of 15.67%, and a total risk-based capital ratio of 18.57%.
Infinity Bancorp, the holding company for Infinity Bank, announced a quarterly cash dividend of $0.07 per common share, payable on May 30, 2024, to shareholders of record on May 16, 2024. The Bank focuses on serving commercial businesses, professional service entities, owners, employees, and families.
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Infinity Bancorp (OTCQB:INFT) reported strong financial results for the year ending December 31, 2022, highlighting a 90% increase in net income for Q4 compared to Q3, and a 212% rise year-over-year. Total assets grew by $13.3 million and total deposits increased $13.8 million year-over-year. The yield on total loans improved to 8.48%, up from 6.93% a year prior, reflecting the impact of rising interest rates. However, total deposits saw a 5.0% decline from Q3. The Bank maintains strong capital ratios, exceeding regulatory requirements, with a Tier 1 risk-based capital ratio of 15.2% as of the end of 2022.
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