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Infinity Bancorp (Infinity Bancorp) Total Assets : $304.96 Mil (As of Dec. 2023)


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What is Infinity Bancorp Total Assets?

Infinity Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $304.96 Mil.

During the past 12 months, Infinity Bancorp's average Total Assets Growth Rate was 24.00% per year. During the past 3 years, the average Total Assets Growth Rate was 13.10% per year. During the past 5 years, the average Total Assets Growth Rate was 55.40% per year.

During the past 6 years, Infinity Bancorp's highest 3-Year average Total Assets Growth Rate was 119.00%. The lowest was 13.10%. And the median was 28.50%.

Total Assets is connected with ROA %. Infinity Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 1.26%. Total Assets is also linked to Revenue through Asset Turnover. Infinity Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.

Infinity Bancorp Total Assets Historical Data

The historical data trend for Infinity Bancorp's Total Assets 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 Total Assets Chart

Infinity Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 116.63 204.88 296.83 310.17 304.96

Infinity Bancorp Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets Get a 7-Day Free Trial 116.63 204.88 296.83 310.17 304.96

Infinity Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Infinity Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=27.901+277.063
=304.96

Infinity Bancorp's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=27.901+277.063
=304.96

* 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.

Infinity Bancorp  (OTCPK:INFT) Total Assets Explanation

Total Assets is connected with ROA %.

Infinity Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=3.871/( (310.173+304.964)/ 2 )
=3.871/307.5685
=1.26 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Infinity Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=16.23/( (310.173+304.964)/ 2 )
=16.23/307.5685
=0.05

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Infinity Bancorp Total Assets Related Terms

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Infinity Bancorp (Infinity Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Infinity Bancorp (OTCPK:INFT) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
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.