Infinity Bancorp (Infinity Bancorp) Scaled Net Operating Assets : -0.17 (As of Dec. 2023)

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What is Infinity Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Infinity Bancorp's operating assets for the quarter that ended in Dec. 2023 was $198.29 Mil. Infinity Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $250.73 Mil. Infinity Bancorp's Total Assets for the quarter that ended in Dec. 2022 was $310.17 Mil. Therefore, Infinity Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.17.

Infinity Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Infinity Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(240.805	-	250.727)	/	310.173
=	-0.03

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	304.964	-	64.159
=	240.805

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	277.063	-	20.265	-	6.071
=	250.727

Infinity Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Dec. 2022 )
=	(198.291	-	250.727)	/	310.173
=	-0.17

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	304.964	-	106.673
=	198.291

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	277.063	-	20.265	-	6.071
=	250.727

* 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.

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Infinity Bancorp (Infinity Bancorp) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

6 Hutton Centre Drive, Suite 100, Santa Ana, CA, USA, 92707

Website

https://www.goinfinitybank.com

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.