It began with a board meeting on February 10, 2026.
Directors of Infinity Trust Mortgage Bank Plc reviewed a year of strong performance.
They examined detailed reports and audited accounts carefully.
As discussions progressed, optimism grew steadily across the boardroom.
Boardroom Confidence
The board proposed a 35 kobo dividend per ordinary share.
It also approved a one-for-one bonus share issue.
Together, these decisions signalled confidence in sustained earnings growth.
The bank then disclosed the decisions to the Nigerian Exchange Limited on February 12, 2026.
However, shareholders must approve both proposals at the Annual General Meeting.
Additionally, the bank must secure clearance from the Central Bank of Nigeria.
Infinity Trust Bank Strong Financial Momentum
Strong financial results supported the board’s confidence.
Pre-tax profit climbed 75.1% to ₦3.02 billion in 2025.
Previously, the bank recorded ₦1.72 billion in 2024.
Meanwhile, gross earnings increased 50.5% to ₦6.61 billion.
Interest income also rose 54.3% to ₦5.53 billion.
Read Also: Nigeria Tops Africa In Cyber-Attacks: 4,701 Weekly Hits
Furthermore, profit after tax surged 95.7% to ₦2.9 billion.
Despite expansion, operating expenses increased 23% during the year.
Meanwhile, management expanded lending activities significantly.
Total loans and advances grew 85.3% to ₦30.0 billion.
Mortgage loans contributed ₦30.6 billion to the portfolio.
Encouragingly, impairment losses dropped sharply to ₦80.99 million.
Previously, the bank recorded ₦199.38 million in impairment losses.
Market Outlook Ahead
The board also approved the audited financial statements promptly.
It then forwarded the statements to regulators for review.
Directors further strengthened governance by approving a new Non-Executive Director.
Dr Obasegun Adetokunbo Oni now awaits regulatory approval.
He brings strong experience in enterprise security and governance oversight.
Meanwhile, investor confidence strengthened trading activity noticeably.
The bank’s shares closed 2025 at ₦7.00.
Subsequently, the shares gained 28.6% in 2026.
The price reached ₦9.00 on 12 February.
Nevertheless, the free float remains below regulatory requirements.
It currently stands at 10.86%, below the 20% minimum threshold.
Therefore, management must address this compliance gap carefully.
Overall, rising earnings and capital strength continue supporting future expansion ambitions.
