Infinity Bancorp Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
INFINITY BANCORP (INFT)
Company Research
Source: Yahoo! Finance
Bank (the "Bank"), today announced financial results for the quarter ended, September 30, 2024. Financial highlights for the third quarter of 2024: A dividend of $0.07 per share was paid during the third quarter of 2024 Total loans increased $13.7 million or 6.7% since June 30, 2024 Total assets are up $21.4 or 6.9% million from second quarter of 2024 Total deposits grew $21.4 million, 7.2%, from previous linked quarter Total stockholder's equity increased $1.8 million, 5.2%, from June 30, 2024 Loans and Allowance for Credit Losses Total loans were $219.5 million as of September 30, 2024, compared to $205.8 million for the second quarter of 2024, an increase of $13.7 million, or 6.7%. When compared to the fourth quarter of 2023, total loans increased $25.2 million, or 13%. The Bank funded$22.4million in new loans/advances in the third quarter of 2024. The fundings were offset by $8.7million in payoffs, most of which were expected based on the contractual terms of the l
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