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 reports recurring developments tied to its role as the bank holding company for Infinity Bank, a community bank serving commercial businesses, professional service entities, their owners, employees, and families. News typically covers quarterly financial results, regulatory capital ratios, book value, stockholders' equity, loan yields, non-interest expense, efficiency trends, and liquidity related to investment securities and Federal Home Loan Bank capacity.
The company's updates also include board-approved cash dividends and operating context for Infinity Bank's deposit products, business loans, and commercial real estate financing.
Infinity Bank (OTCQB:INFT) announced its third-quarter financial results for 2020, showing a notable increase in total loans by $21 million (18.3%) to $136.1 million. Total deposits rose by $10 million (7.0%) to $152.7 million. The net loss decreased by 18% to $165 thousand ($0.05 per share). Net-interest income surged by 30.4% to $1.6 million, while non-interest income fell 3.8% to $51 thousand. The Bank maintained a robust capital position with a tier 1 capital ratio of 15.7%.