Infinity Trust Mortgage Bank Plc (NGX: INFINITY)

INFINITY Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,992	1,680	689.76	2,233	1,613	1,086
Investment Securities	1,088	548.14	606.6	909.81	1,203	1,226
Total Investments	1,088	548.14	606.6	909.81	1,203	1,226
Gross Loans	17,317	15,286	12,299	10,017	7,216	5,433
Allowance for Loan Losses	-434.03	-274.73	-208.29	-190.19	-168.26	-149.74
Net Loans	16,883	15,012	12,090	9,827	7,047	5,284
Property, Plant & Equipment	2,621	2,637	2,680	2,721	2,672	2,669
Other Intangible Assets	16.37	18.97	25.41	24.14	18.95	19.94
Accrued Interest Receivable	-	346.31	165.99	85.98	70.59	54.91
Other Receivables	33.11	237.18	319.04	196.3	506.14	114.95
Restricted Cash	107.17	96.15	96.15	96.15	58.49	46.68
Other Current Assets	719.48	57.28	62.47	69.58	80.57	74.67
Long-Term Deferred Tax Assets	3.75	15	30	45	60	65.64
Other Long-Term Assets	567.42	7.51	8.19	9.58	11.51	3.32
Total Assets	24,032	20,655	16,774	16,218	13,343	10,645
Interest Bearing Deposits	2,787	2,130	1,374	1,420	1,045	1,068
Non-Interest Bearing Deposits	3,079	2,268	1,853	2,541	2,721	868.98
Total Deposits	5,866	4,398	3,227	3,961	3,766	1,937
Current Portion of Long-Term Debt	-	998.7	284.86	232.78	109.59	91.43
Current Income Taxes Payable	86.13	129.38	130.78	72.75	48.31	42.24
Accrued Interest Payable	55.11	16.76	4.8	3.72	-	-
Other Current Liabilities	4.75	4.75	4.75	4.69	4.69	4.69
Long-Term Debt	8,061	6,095	5,134	4,527	2,573	2,058
Long-Term Unearned Revenue	-	11.99	27.76	43.44	8.29	8.69
Pension & Post-Retirement Benefits	-	0.19	0.16	0.16	0.21	0.41
Other Long-Term Liabilities	2,761	1,136	803.67	598.5	395.71	300.28
Total Liabilities	16,835	12,791	9,618	9,445	6,905	4,442
Preferred Stock, Convertible	600	600	600	600	600	600
Common Stock	2,085	2,085	2,085	2,085	2,085	2,085
Additional Paid-In Capital	1,227	1,227	1,227	1,227	1,227	1,227
Retained Earnings	3,009	3,677	2,968	2,586	2,252	2,029
Comprehensive Income & Other	275.1	275.1	275.1	275.1	273.2	260.85
Total Common Equity	6,597	7,264	6,556	6,173	5,838	5,602
Shareholders' Equity	7,197	7,864	7,156	6,773	6,438	6,202
Total Liabilities & Equity	24,032	20,655	16,774	16,218	13,343	10,645
Total Debt	8,061	7,094	5,418	4,760	2,682	2,149
Net Cash (Debt)	-6,069	-5,414	-4,729	-2,527	-1,069	-1,063
Net Cash Per Share	-1.46	-1.30	-1.13	-0.61	-0.26	-0.26
Filing Date Shares Outstanding	4,170	4,170	4,170	4,170	4,170	4,170
Total Common Shares Outstanding	4,170	4,170	4,170	4,170	4,170	4,170
Book Value Per Share	1.58	1.74	1.57	1.48	1.40	1.34
Tangible Book Value	6,580	7,245	6,531	6,149	5,819	5,582
Tangible Book Value Per Share	1.58	1.74	1.57	1.47	1.40	1.34

Source: S&P Capital IQ. Banks template. Financial Sources.