First International Bank of Israel reports Financial Results for…

TEL AVIV, Israel, Nov. 11, 2026 — First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the Third quarter of 2026, reflecting continuing growth and high profitability whilst maintaining financial stability

Financial Highlights

Net income of NIS 1,571 million in the first nine months of 2026, with a Return on Equity (ROE) of 14.3% ROE excluding the special tax levy reached 15.9%.

Net income of NIS 508 million in the third quarter of 2026, with ROE reaching 13.8% ROE after eliminating the special tax levy is 15.3%.

Credit to the public increased by 21.9% compared to the comparative period in the previous year and by 5% compared to the end of the second quarter of 2026.

Customers' assets portfolios grew by 16.9% compared to the comparative period in the previous year and amounted to NIS 1.26 trillion.

Equity attributed to shareholders in the Bank amounted to NIS 14.5 billion.
The tier 1 shareholders' equity ratio is 10.28%

The Bank's Board of Directors has decided to distribute a dividend in an amount of NIS 254 million, constituting 50% of the net income for the third quarter of 2026.
The dividend yield is 7.3%

The First International Bank Group's net income amounted to NIS 1,571 million in the first nine months of 2026, compared to NIS 1,748 million in the comparative period during the previous year, a decrease of 10.1%. ROE reached 14.3% during this period. ROE, excluding the special tax levy imposed on the bank during this period, reached 15.9%.

The First International Bank Group's net income amounted to NIS 508 million in the third quarter of 2026, compared to NIS 581 million during the comparative quarter in the previous year, a decrease of 12.6%. ROE reached 13.8% in the quarter. ROE, excluding the special tax levy imposed on the bank in 2026, reached 15.3% in the quarter.

Credit to the public amounted to NIS 172.4 billion, an increase of 21.9% compared to the comparative period in the previous year and an increase of 5.0% compared to the second quarter of 2026. The increase in credit derived from credit for financial services.

Deposits by the public amounted to approximately NIS 243.8 billion, an increase of 4.6% compared to the comparative period in the previous year. The amount of the customers' assets portfolio grew by 16.9% compared to the comparative period in the previous year and amounted to approximately NIS 1.26 trillion.

Despite the growth in activity and the increase in revenues, macro factors, such as the index, interest rates and exchange rates, have led to a decrease in total net revenues, which amounted to NIS 5,085 million in the first nine months of 2026, a decrease of 4.7% compared to the comparative period in the previous year.

Income from commissions increased by 6.1% in the first nine months of the year compared to the comparative period in the previous year and amounted to NIS 1,400 million.

A high-quality credit portfolio - there has been a decrease of 23.6% in the credit risk compared with the comparative period in the previous year. The NPL ratio (the balance of non-accruing debts or debts that are in arrears of 90 days or more to the balance of the credit to the public) has improved and has reached 0.37%, compared to 0.46% at the end of the year 2025.

The equity attributed to shareholders in the Bank amounted to NIS 14.5 billion. The Tier 1 shareholders' equity ratio stands at 10.28%, a gap of 1% above the required regulatory equity, enabling continuing growth in the Group's operations.

The operating and other expenses amounted to NIS 2,431 million in the first nine months of the year, compared to NIS 2,383 million in the comparative period in the previous year, an increase of 2.0%, which derived for the most part from an increase in other expenses, primarily commission expenses in respect of the expansion of activity in the capital market against an increase in revenues. The efficiency ratio stands at 47.8% in the first nine months of 2026 and at 48.1% in the third quarter of 2026.

The Bank's Board of Directors has decided to approve the distribution of a cash dividend in an amount of NIS 254 million to the shareholders, representing a rate of 50% of the net income in the quarter. The dividend yield stands at 7.3% as at September 30, 2026.

Eli Cohen, First International Bank's CEO: "We are in a challenging period of uncertainty, macro-economic changes and geopolitical risks. The bank is operating against this background and is demonstrating financial stability and double-digit growth in credit and in customers' assets.

The financial statements summarize the first nine months of the year 2026, of a growing and solid bank with stable equity and high quality assets, with a dividend distribution to the investors and with one of the highest yields in the banking system. This growth has been possible thanks to our ambition to maintain a high level of service orientation and professionalism, to continue to be a leading bank in the capital market field and in money management, and to concentrate renewal on investment products offering value to a range of types of customers and by adopting AI capabilities."

Condensed principal financial information and principal execution indices*

Principal execution indices
	For the three months ended September 30,		For the nine months ended September 30,		For the year ended December 31,
	2026	2025	2026	2025	2025
					in %
Return on equity attributed to shareholders of the Bank⁽¹⁾	⁽²⁾13.8	16.2	⁽²⁾14.3	16.9	16.2
Return on average assets⁽¹⁾	0.70	0.88	0.74	0.90	0.86
Ratio of total income to average assets⁽¹⁾	2.3	2.8	2.4	2.8	2.6
Ratio of interest income, net to average assets⁽¹⁾	1.6	2.0	1.6	1.9	1.8
Ratio of fees to average assets⁽¹⁾	0.6	0.7	0.7	0.7	0.7
Efficiency ratio	48.1	43.7	47.8	44.7	46.1

	As of September 30,		As of December 31,
	2026	2025	2025
			in %
Ratio of tier 1 equity capital	10.28	11.39	11.10
Leverage ratio	4.84	5.19	5.04
Liquidity coverage ratio⁽³⁾	131	131	129
Net stable funding ratio	115	127	127

Principal credit quality indices
	For the three months ended September 30,		For the nine months ended September 30,		For the year ended December 31,
	2026	2025	2026	2025	2025
					in %
Ratio of provision for credit losses to credit to the public	0.91	1.15	0.91	1.15	1.11
Ratio of total provision for credit losses⁽⁴⁾ to credit to the public	1.02	1.29	1.02	1.29	1.25
Ratio of non-accruing debts or in arrears of 90 days or more to credit to the public	0.37	0.46	0.37	0.46	0.46
Ratio of provision for credit losses to total non-accruing credit to the public	251.9	256.2	251.9	256.2	251.5
Ratio of net write-offs to average total credit to the public⁽¹⁾	0.02	(0.01)	0.04	(0.03)	(0.01)
Ratio of expenses (income) for credit losses to average total credit to the public⁽¹⁾	(0.02)	0.05	(0.04)	(0.01)	0.01

Principal data from the statement of income
	For the three months ended September 30,		For the nine months ended September 30,
	2026	2025	2026	2025
	NIS million
Net profit attributed to shareholders of the Bank	508	581	1,571	1,748
Interest Income, net	1,146	1,290	3,428	3,734
Expenses (income) from credit losses	(9)	17	(47)	(10)
Total non-Interest income	528	538	1,657	1,603
Of which: Fees	463	461	1,400	1,320
Total operating and other expenses	805	798	2,431	2,383
Of which: Salaries and related expenses	427	438	1,314	1,340
Primary net profit per share of NIS 0.05 par value (NIS)	5.06	5.79	15.66	17.42
Diluted net profit per share of NIS 0.05 par value (NIS)	5.06	5.79	15.66	17.42

Principal data from the balance sheet
	30.9.26	30.9.25	31.12.25
			NIS million
Total assets	285,926	269,499	277,833
of which: Cash and deposits with banks	67,737	81,921	83,776
Securities	38,599	37,995	38,266
Credit to the public, net	170,851	139,808	146,374
Total liabilities	270,788	254,273	262,634
of which: Deposits from the public	243,825	233,020	238,509
Deposits from banks	1,080	1,730	1,906
Bonds and subordinated capital notes	11,178	5,836	6,791
Capital attributed to the shareholders of the Bank	14,533	14,543	14,614

Additional data
	30.9.26	30.9.25	31.12.25
			0.01 NIS
Share price	22,750	23,710	25,050
Dividend per share	1,306	757	1,191
* The condensed financial statements are prepared in accordance with the Public Reporting Directives and guidelines of the Supervisor of Banks, which primarily adopt accounting principles generally accepted in the United States (U.S. GAAP). (1) Annualized. (2) The return on equity attributed to shareholders of the bank, excluding the excess of ratio of tier 1 equity capital above the goal set by the Board of Directors (9.50%) and excluding the special tax levy applicable to the Bank in 2026, amounted to 16.9% in the third quarter of 2026 and 18.0% in the first nine month of 2026. (3) The ratio is computed in respect of the three months ended at the end of the reporting period. (4) Including provision in respect of off-balance sheet credit instruments.

CONSOLIDATED STATEMENT OF INCOME
(NIS million)
	For the three months ended September 30		For the nine months ended September 30		For the year Ended December 31
	2026	2025	2026	2025	2025
	(unaudited)	(unaudited)	(unaudited)	(unaudited)	(audited)
Interest Income	2,780	3,120	8,421	8,942	11,771
Interest Expenses	1,634	1,830	4,993	5,208	6,949
Interest Income, net	1,146	1,290	3,428	3,734	4,822
Expenses (income) from credit losses	(9)	17	(47)	(10)	19
Net Interest Income after expenses (income) from credit losses	1,155	1,273	3,475	3,744	4,803
Non- Interest Income
Non-Interest financing income	63	70	246	275	312
Fees	463	461	1,400	1,320	1,777
Other income	2	7	11	8	11
Total non- Interest income	528	538	1,657	1,603	2,100
Operating and other expenses
Salaries and related expenses	427	438	1,314	1,340	1,769
Maintenance and depreciation of premises and equipment	84	85	249	251	338
Amortizations and impairment of intangible assets	40	37	118	108	146
Other expenses	254	238	750	684	937
Total operating and other expenses	805	798	2,431	2,383	3,190
Profit before taxes	878	1,013	2,701	2,964	3,713
Provision for taxes on profit	369	387	1,123	1,157	1,386
Profit after taxes	509	626	1,578	1,807	2,327
The bank's share in profit (loss) of equity-basis investee, after taxes	23	(15)	67	23	35
Net profit:
Before attribution to non–controlling interests	532	611	1,645	1,830	2,362
Attributed to non–controlling interests	(24)	(30)	(74)	(82)	(102)
Attributed to shareholders of the Bank	508	581	1,571	1,748	2,260

	NIS
Primary profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value	5.06	5.79	15.66	17.42	22.53
Diluted profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value	5.06	5.79	15.66	17.42	22.52

STATEMENT OF COMPREHENSIVE INCOME
(NIS million)
	For the three months ended September 30		For the nine months ended September 30		For the year Ended December 31
	2026	2025	2026	2025	2025
	(unaudited)	(unaudited)	(unaudited)	(unaudited)	(audited)
Net profit before attribution to non–controlling interests	532	611	1,645	1,830	2,362
Net profit attributed to non–controlling interests	(24)	(30)	(74)	(82)	(102)
Net profit attributed to the shareholders of the Bank	508	581	1,571	1,748	2,260
Other comprehensive income (loss) before taxes:
Adjustments of available for sale bonds to fair value, net	(533)	39	(592)	203	281
Adjustments of liabilities in respect of employee benefits⁽¹⁾	(26)	(1)	(8)	8	(69)
Other comprehensive income (loss) before taxes	(559)	38	(600)	211	212
Related tax effect	236	(16)	254	(83)	(86)
Other comprehensive income (loss) before attribution to non–controlling interests, after taxes	(323)	22	(346)	128	126
Less other comprehensive income attributed to non–controlling interests	(5)	-	(5)	6	10
Other comprehensive income (loss) attributed to the shareholders of the Bank, after taxes	(318)	22	(341)	122	116
Comprehensive income before attribution to non–controlling interests	209	633	1,299	1,958	2,488
Comprehensive income attributed to non–controlling interests	(19)	(30)	(69)	(88)	(112)
Comprehensive income attributed to the shareholders of the Bank	190	603	1,230	1,870	2,376
(1) Mostly reflects adjustments in respect of actuarial assessments as of the end of the period regarding defined benefits pension plans, and amortization of amounts recorded in the past in other comprehensive income.

CONSOLIDATED BALANCE SHEET
(NIS million)
	September 30,		December 31,
	2026	2025	2025
	(unaudited)	(unaudited)	(audited)
Assets
Cash and deposits with banks	67,737	81,921	83,776
Securities⁽⁴⁾	38,599	37,995	38,266
Securities borrowed or purchased under agreements to repurchase	1	184	355
Credit to the public	172,418	141,432	148,014
Provision for Credit losses	(1,567)	(1,624)	(1,640)
Credit to the public, net	170,851	139,808	146,374
Credit to the government	1,342	1,466	1,607
Investments in investee companies	952	862	875
Premises and equipment	860	865	871
Intangible assets	386	362	404
Assets in respect of derivative instruments	3,596	4,131	3,934
Other assets⁽²⁾	1,602	1,905	1,371
Total assets	285,926	269,499	277,833
Liabilities and Shareholders' Equity
Deposits from the public	243,825	233,020	238,509
Deposits from banks	1,080	1,730	1,906
Deposits from the Government	1,520	934	2,032
Securities lent or sold under agreements to repurchase	5,270	3,623	4,107
Bonds and subordinated capital notes	11,178	5,836	6,791
Liabilities in respect of derivative instruments	3,656	4,520	4,336
Other liabilities⁽¹⁾⁽³⁾	4,259	4,610	4,953
Total liabilities	270,788	254,273	262,634
Capital attributed to the shareholders of the Bank	14,533	14,543	14,614
Non-controlling interests	605	683	585
Total capital	15,138	15,226	15,199
Total liabilities and capital	285,926	269,499	277,833
(1) Of which: provision for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 189 million and NIS 207 million and NIS 210 million as of 30.9.26, 30.9.25 and 31.12.25, respectively. (2) Of which: other assets measured at fair value in the amount of NIS 4 million and NIS 12 million and NIS 5 million as of 30.9.26, 30.9.25 and 31.12.25, respectively. (3) Of which: other liabilities measured at fair value in the amount of NIS 4 million and NIS 12 million and NIS 5 million as of 30.9.26, 30.9.25 and 31.12.25, respectively.

STATEMENT OF CHANGES IN EQUITY
(NIS million)
			For the three months ended September 30, 2026 (unaudited)
	Share capital and premium ⁽¹⁾	Capital reserves from benefit due to share-based payment transactions	Total capital and capital reserves	Accumulated other comprehensive income (loss)	Retained earnings⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of September 30, 2026	918	9	927	(85)	14,057	14,899	635	15,534
Net profit for the period	-	-	-	-	508	508	24	532
Dividend	-	-	-	-	(558)	(558)	(49)	(607)
Benefit due to share-based payment transactions	-	2	2	-	-	2	-	2
Other comprehensive loss, after tax effect	-	-	-	(318)	-	(318)	(5)	(323)
Balance as of September 30, 2026	918	11	929	(403)	14,007	14,533	605	15,138

			For the three months ended September 30, 2025 (unaudited)
	Share capital and premium ⁽¹⁾	Capital reserves from benefit due to share-based payment transactions	Total capital and capital reserves	Accumulated other comprehensive income (loss)	Retained earnings⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of September 30, 2025	927	1	928	(78)	13,408	14,258	712	14,970
Net profit for the period	-	-	-	-	581	581	30	611
Dividend	-	-	-	-	(319)	(319)	(59)	(378)
Benefit due to share-based payment transactions	-	1	1	-	-	1	-	1
Other comprehensive income, after tax effect	-	-	-	22	-	22	-	22
Balance as of September 30, 2025	927	2	929	(56)	13,670	14,543	683	15,226

			For the nine months ended September 30, 2026 (unaudited)
	Share capital and premium⁽¹⁾	Capital reserves from benefit due to share-based payment transactions	Total capital and capital reserves	Accumulated other comprehensive income (loss)	Retained earnings⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of December 31, 2025 (audited)	927	3	930	(62)	13,746	14,614	585	15,199
Net profit for the period	-	-	-	-	1,571	1,571	74	1,645
Dividend	-	-	-	-	(1,310)	(1,310)	(49)	(1,359)
Repurchase of shares	(9)	-	(9)	-	-	(9)	-	(9)
Benefit due to share-based payment transactions	-	8	8	-	-	8	-	8
Other comprehensive loss, after tax effect	-	-	-	(341)	-	(341)	(5)	(346)
Balance as of September 30, 2026	918	11	929	(403)	14,007	14,533	605	15,138

			For the nine months ended September 30, 2025 (unaudited)
	Share capital and premium⁽¹⁾	Capital reserves from benefit due to share-based payment transactions	Total capital and capital reserves	Accumulated other comprehensive income (loss)	Retained earnings⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of December 31, 2024 (audited)	927	-	927	(178)	12,681	13,430	654	14,084
Net profit for the period	-	-	-	-	1,748	1,748	82	1,830
Dividend	-	-	-	-	(759)	(759)	(59)	(818)
Benefit due to share-based payment transactions	-	2	2	-	-	2	-	2
Other comprehensive income, after tax effect	-	-	-	122	-	122	6	128
Balance as of September 30, 2025	927	2	929	(56)	13,670	14,543	683	15,226

			For the year ended December 31, 2025 (audited)
	Share capital and premium⁽¹⁾	Capital reserves from benefit due to share-based payment transactions	Total capital and capital reserves	Accumulated other comprehensive income (loss)	Retained earnings⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of December 31, 2024	927	-	927	(178)	12,681	13,430	654	14,084
Net profit for the period	-	-	-	-	2,260	2,260	102	2,362
Dividend	-	-	-	-	(1,195)	(1,195)	(181)	(1,376)
Benefit due to share-based payment transactions	-	3	3	-	-	3	-	3
Other comprehensive income, after tax effect	-	-	-	116	-	116	10	126
Balance as of December 31, 2025	927	3	930	(62)	13,746	14,614	585	15,199
(1) Including share premium of NIS 304 million as from 1992 onwards (as of 30.9.25 and 31.12.25 - NIS 313 million). (2) Including an amount of NIS 2,391 million which cannot be distributed as dividend.

Contact:
Dafna Zucker
First International Bank of Israel
[email protected]
+972-3-519-6224

SOURCE First International Bank of Israel

First International Bank of Israel reports Financial Results for the Third Quarter of 2026