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Infinity Bancorp (Infinity Bancorp) Return-on-Tangible-Equity : 13.80% (As of Dec. 2023)


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What is Infinity Bancorp Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Infinity Bancorp's annualized net income for the quarter that ended in Dec. 2023 was $3.87 Mil. Infinity Bancorp's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $28.06 Mil. Therefore, Infinity Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.80%.

The historical rank and industry rank for Infinity Bancorp's Return-on-Tangible-Equity or its related term are showing as below:

INFT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.34   Med: 4.67   Max: 13.8
Current: 13.8

During the past 6 years, Infinity Bancorp's highest Return-on-Tangible-Equity was 13.80%. The lowest was -11.34%. And the median was 4.67%.

INFT's Return-on-Tangible-Equity is ranked better than
66.53% of 1458 companies
in the Banks industry
Industry Median: 10.69 vs INFT: 13.80

Infinity Bancorp Return-on-Tangible-Equity Historical Data

The historical data trend for Infinity Bancorp's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Infinity Bancorp Return-on-Tangible-Equity Chart

Infinity Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial -7.27 -1.23 11.66 10.56 13.80

Infinity Bancorp Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial -7.27 -1.23 11.66 10.56 13.80

Competitive Comparison of Infinity Bancorp's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Infinity Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Infinity Bancorp's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Infinity Bancorp's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Infinity Bancorp's Return-on-Tangible-Equity falls into.



Infinity Bancorp Return-on-Tangible-Equity Calculation

Infinity Bancorp's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=3.871/( (28.218+27.901 )/ 2 )
=3.871/28.0595
=13.80 %

Infinity Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=3.871/( (28.218+27.901)/ 2 )
=3.871/28.0595
=13.80 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Infinity Bancorp  (OTCPK:INFT) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Infinity Bancorp Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Infinity Bancorp's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Infinity Bancorp (Infinity Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
6 Hutton Centre Drive, Suite 100, Santa Ana, CA, USA, 92707
Infinity Bancorp operates as a community bank. It provides a full range of commercial banking products and solutions for retail and institutional customers. The company products and services include savings and checking accounts, credit cards, treasury management, payment processing, online banking, mobile banking, electronic statements, personal loans, commercial real estate loans and construction loans.