Infinity Trust Mortgage Plc has released its unaudited Q1 2026 results for the period ended March 31, 2026, reporting a pre-tax profit of N898.58 million, reflecting 49.38% YoY compared to N601.55 million in Q1 2025
This represents about 30% of the mortgage firm’s 2025 full-year profit, and annualized may hit N3.6 billion in 2026.
This was driven by strong growth in interest and non-interest income.
Key Highlights (Q1 2026 vs Q1 2025)
- Revenue: N1.928 billion, +50.05% YoY
- Interest income: N1.768 billion, +100.78% YoY
- Interest expenses: N538.761 million, +57.70% YoY
- Net fees and commission: N73.75 million; +77.67% YoY
- Net operating income: N1.384 billion, +46.74% YoY
- Total operating expenses: N486.372 million, +42.11% YoY
- Profit after tax: N846.376 million, +56.44% YoY
- Total Assets: N48.766 billion +1.53% YoY
- Retained Earnings: N2.732 billion, +45.37% YoY
- Total Equity: N11.720 billion +13.08% YoY
What is driving the numbers
Infinity Trust Mortgage Bank’s strong performance in Q1 was driven by strong growth in interest income and net fees and commission income
- The interest income of N17 billion was attributed to the N1.3 billion from mortgage loans and loans and advances to customers compared to the N714 million in Q1 2025.
- Treasury operations and placements fetched the bank N305 million, compared to the N259.44 million in Q1 2025.
On interest expense, the bank paid N241 million on customer deposits and N298 million on debt issued and other borrowed funds. These pushed interest expenses to N539 million, which is 30% of interest income.
With investment income of N85 million and net fees and commission income of N73.7 million, total operating income stood at N1.4 billion, up 47% YoY.
Operating expenses
Total operating expenses, including personnel cost, depreciation, amortization of intangible assets and other operating expenses surged to N486 million
Balance sheet
Infinity Trust’s balance sheet size stood at N48.78 billion, up 9% compared to N44.747 billion as of December 2025.
This was largely driven by loan and advances to customers, which increased by 16% to N34.76 billion compared N30.039 billion as of December 2025
- Also, property and equipment increased to N4.4 billion compared to N4.2 billion as of December 2025.
- Due from the bank was another driver of the balance sheet size, which stood at N6.4 billion.
On the equity side, total shareholder equity stood at N11.7 billion, up 13% YoY.
Market reaction
Shares of Infinity Mortgage have gained 36% year-to-date (YtD) in 2026, closing at N9.35 on April 29, 2026. Last year, the share price was flat, closing at N7.
