First International Bank of Israel Reports Financial Results for the Third Quarter of 2025

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17 Nov, 2025, 10:32 IST

TEL AVIV, Israel, Nov. 17, 2025 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the third quarter of 2025. Statements reflect accelerated growth and high profitability while maintaining financial strength

Financial Highlights

Net income for the first nine months of the year: NIS 1,748 million. Return on Equity (ROE): 16.9%
Net income for the third quarter of 2025: NIS 581 million. Return on Equity (ROE): 16.2%
Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE
Total revenues for the first nine months of the year went up 6% from the prior-year period
Customer assets went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion
Gross credit to the public went up 11.9% from the prior-year period, and up 3.4% in the third quarter of the year
Deposits from the public went up 9.4% from the prior-year period, and up 3.5% in the third quarter of the year
The equity attributable to the Bank's shareholders totaled NIS 14,543 million, up 11.3% from the prior-year period
Tier 1 capital ratio: 11.39%
The Bank's Board of Directors decided to approve an NIS 436 million dividend distribution, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable profits

Third Quarter and nine month 2025 Results Summary

The FIBI Group's net income for the first nine months of the year totaled NIS 1,748 million, down 2.8% from the prior-year period. The ROE reached 16.9%.
Net income for the third quarter of 2025 totaled NIS 581 million, down 6.3% from the same quarter last year. ROE reached 16.2%.
Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE.

Total revenues for the first nine months of the year went up 6% from the prior-year period, totaling NIS 5,337 million.
Fee income in the first nine months of the year went up 17.5% from the prior-year period, totaling NIS 1,320 million. Fee income for the third quarter went up 16.4% from the same quarter last year.

Gross credit to the public totaled NIS 141.4 billion, up 11.9% from the prior-year period, and up 3.4% from the second quarter of the year.
Deposits from the public totaled NIS 233 billion, up 9.4% from the prior-year period, and a 3.5% increase compared to the second quarter of the year.
The total customer asset portfolio went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion.

The equity attributable to the Bank's shareholders went up to NIS 14,543 million, reflecting a 11.3% growth rate compared to the prior-year period. The Tier 1 capital ratio is 11.39%, which exceeds the regulatory capital requirement by 2.16% and facilitates the continued growth of the Group's operations.

High-quality loan portfolio: the non-performing loan (NPL) ratio (the rate of non-accruing loans or loans that are 90 or more days past due out of the total credit to the public) is 0.46%, compared to 0.57% for the prior-year period.

Operating and other expenses for the first nine months of the year totaled NIS 2,383 million. The efficiency ratio was 44.7% for the first nine months of the year and 43.7% for the third quarter of 2025.

The provision for income taxes for the first nine months of the year went up to NIS 1,157 million, compared to NIS 1,033 million for the prior-year period, and the effective tax rate was 39.0%, compared to 36.3% for the prior-year period. The tax rate increase mainly stems from income attributed to previous years for the prior-year period and an increase in the special fee applicable to banks.
The Bank's Board of Directors decided to approve an NIS 436 million cash dividend distribution to the shareholders, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable income. The Board of Directors will continue to discuss the implementation of the Bank's dividend distribution policy in light of recent developments and their impact on the economy and on the Bank.

Management Comment

Eli Cohen, CEO of the First International Bank of Israel: "The First International Bank's results for the third quarter reflect resilience and strength, as well as our ability to deliver continued rapid growth in our core strategic focus areas: deposits and customer assets have grown rapidly, surpassing NIS 1 trillion, and the loan portfolio continues to grow while maintaining high quality of credit and a balanced risk profile.

"There is a great sense of optimism in the air as we celebrate the return of the living hostages and the progress on the ceasefire agreement. The economy has remained stable during the protracted and costly war, primarily because the country entered the conflict in strong condition following two decades of growth, with a thriving high-tech sector, a consistently declining debt-to-GDP ratio, a robust financial system, and substantial foreign currency reserves.

"The Israeli economy is now at an inflection point with potential for growth, especially noting the possibility of expanding the regional Abraham Accords. The situation remains fragile, and we must act responsibly so that the country and the economy successfully navigate the coming challenges as we continue to make progress toward resuming growth.

"I would like to thank the Bank's employees for their tireless dedication during these difficult times, and for their unwavering loyalty, professionalism, and commitment to the Bank and its customers, and to express hope for the return of the remaining fallen hostages to home to Israel for proper burial."

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,
	2025	2024	2025	2024	2024
					in %
Return on equity attributed to shareholders of the Bank⁽¹⁾	16.2	19.4	16.9	19.4	19.0
Return on average assets⁽¹⁾	0.88	1.05	0.90	1.05	1.02
Ratio of total income to average assets⁽¹⁾	2.8	3.1	2.8	2.9	2.9
Ratio of interest income, net to average assets⁽¹⁾	2.0	2.1	1.9	2.1	2.0
Ratio of fees to average assets⁽¹⁾	0.7	0.7	0.7	0.7	0.7
Efficiency ratio	43.7	42.8	44.7	44.5	44.1

	As of September 30,		As of December 31,
	2025	2024	2024
			in %
Ratio of tier 1 equity capital	11.39	11.41	11.31
Leverage ratio	5.19	5.17	5.18
Liquidity coverage ratio⁽³⁾	131	171	165
Net stable funding ratio	127	142	140

Principal credit quality indices

	For the three months ended September 30,		For the nine months ended September 30,		For the year ended December 31,
	2025	2024	2025	2024	2024
					in %
Ratio of provision for credit losses to credit to the public	1.15	1.29	1.15	1.29	1.25
Ratio of total provision for credit losses⁽²⁾ to credit to the public	1.29	1.41	1.29	1.41	1.38
Ratio of non-accruing debts or in arrears of 90 days or more to credit to the public	0.46	0.57	0.46	0.57	0.53
Ratio of provision for credit losses to total non-accruing credit to the public	256.2	230.5	256.2	230.5	244.6
Ratio of net write-offs to average total credit to the public⁽¹⁾	(0.01)	(0.01)	(0.03)	(0.06)	(0.04)
Ratio of expenses (income) for credit losses to average total credit to the public⁽¹⁾	0.05	0.07	(0.01)	(0.06)	(0.01)

Principal data from the statement of income

	For the three months ended September 30,		For the nine months ended September 30,
	2025	2024	2025	2024
				NIS million
Net profit attributed to shareholders of the Bank	581	620	1,748	1,798
Interest Income, net	1,290	1,265	3,734	3,601
Expenses (income) from credit losses	17	22	(10)	(51)
Total non-Interest income	538	552	1,603	1,436
Of which: Fees	461	396	1,320	1,123
Total operating and other expenses	798	777	2,383	2,240
Of which: Salaries and related expenses	438	*435	1,340	*1,317
Primary and diluted net profit per share of NIS 0.05 par value (NIS)	5.79	6.18	17.42	17.92

Principal data from the balance sheet

	30.9.25	30.9.24	31.12.24
			NIS million
Total assets	269,499	242,512	248,563
of which: Cash and deposits with banks	81,921	81,440	77,175
Securities	37,995	28,860	34,396
Credit to the public, net	139,808	124,749	129,416
Total liabilities	254,273	228,823	234,479
of which: Deposits from the public	233,020	212,907	214,755
Deposits from banks	1,730	2,631	2,508
Bonds and subordinated capital notes	5,836	4,474	4,479
Capital attributed to the shareholders of the Bank	14,543	13,066	13,430

Additional data

	30.9.25	30.9.24	31.12.24
			0.01 NIS
Share price	23,710	15,410	17,940
Dividend per share	757	739	986

^{*       Reclassified.}
^{(1)    Annualized.}
^{(2)    Including provision in respect of off-balance sheet credit instruments.}
^{(3)    The ratio is computed in respect of the three months ended at the end of the reporting period.}

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
	2025	2024	2025	2024	2024
	(unaudited)	(unaudited)	(unaudited)	(unaudited)	(audited)
Interest Income	3,120	2,955	8,942	8,410	11,097
Interest Expenses	1,830	1,690	5,208	4,809	6,357
Interest Income, net	1,290	1,265	3,734	3,601	4,740
Expenses (income) from credit losses	17	22	(10)	(51)	(16)
Net Interest Income after income from credit losses	1,273	1,243	3,744	3,652	4,756
Non- Interest Income
Non-Interest Financing income	70	153	275	300	432
Fees	461	396	1,320	1,123	1,553
Other income	7	3	8	13	21
Total non- Interest income	538	552	1,603	1,436	2,006
Operating and other expenses
Salaries and related expenses	438	*435	1,340	*1,317	1,739
Maintenance and depreciation of premises and equipment	85	*116	251	*279	359
Amortizations and impairment of intangible assets	37	36	108	99	134
Other expenses	238	190	684	545	745
Total operating and other expenses	798	777	2,383	2,240	2,977
Profit before taxes	1,013	1,018	2,964	2,848	3,785
Provision for taxes on profit	387	390	1,157	1,033	1,383
Profit after taxes	626	628	1,807	1,815	2,402
The bank's share in profit (loss) of equity-basis investee, after taxes	(15)	22	23	62	74
Net profit:
Before attribution to non‑controlling interests	611	650	1,830	1,877	2,476
Attributed to non‑controlling interests	(30)	(30)	(82)	(79)	(105)
Attributed to shareholders of the Bank	581	620	1,748	1,798	2,371

	NIS
Primary profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value	5.79	6.18	17.42	17.92	23.63
Diluted profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value	5.79	6.18	17.42	17.92	23.63

^{* Reclassified.}

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
	2025	2024	2025	2024	2024
	(unaudited)	(unaudited)	(unaudited)	(unaudited)	(audited)
Net profit before attribution to non‑controlling interests	611	650	1,830	1,877	2,476
Net profit attributed to non‑controlling interests	(30)	(30)	(82)	(79)	(105)
Net profit attributed to the shareholders of the Bank	581	620	1,748	1,798	2,371
Other comprehensive income (loss) before taxes:
Adjustments of available for sale bonds to fair value, net	39	129	203	(115)	31
Adjustments of liabilities in respect of employee benefits(1)	(1)	(2)	8	10	(60)
Other comprehensive income (loss) before taxes	38	127	211	(105)	(29)
Related tax effect	(16)	(49)	(83)	41	9
Other comprehensive income (loss) before attribution to non‑controlling interests, after taxes	22	78	128	(64)	(20)
Less other comprehensive income (loss) attributed to non‑controlling interests	-	3	6	(2)	3
Other comprehensive income (loss) attributed to the shareholders of the Bank, after taxes	22	75	122	(62)	(23)
Comprehensive income before attribution to non‑controlling interests	633	728	1,958	1,813	2,456
Comprehensive income attributed to non‑controlling interests	(30)	(33)	(88)	(77)	(108)
Comprehensive income attributed to the shareholders of the Bank	603	695	1,870	1,736	2,348

^{(1) Mostly reflects adjustments in respect of actuarial assessments as of the end of the period regarding defined benefits pension plans and deduction of amounts recorded in the past in other comprehensive income.}

CONSOLIDATED BALANCE SHEET
(NIS million)

	September 30,		December 31,
	2025	2024	2024
	(unaudited)	(unaudited)	(audited)
Assets
Cash and deposits with banks	81,921	81,440	77,175
Securities	37,995	28,860	34,396
Securities borrowed or purchased under agreements to repurchase	184	147	70
Credit to the public	141,432	126,374	131,050
Provision for Credit losses	(1,624)	(1,625)	(1,634)
Credit to the public, net	139,808	124,749	129,416
Credit to the government	1,466	1,611	1,496
Investment in investee company	862	854	842
Buildings and equipment	865	852	867
Intangible assets	362	350	363
Assets in respect of derivative instruments	4,131	2,308	2,565
Other assets⁽²⁾	1,905	1,341	1,373
Total assets	269,499	242,512	248,563
Liabilities and Capital
Deposits from the public	233,020	212,907	214,755
Deposits from banks	1,730	2,631	2,508
Deposits from the Government	934	689	2,540
Securities lent or sold under agreements to repurchase	3,623	1,542	2,304
Bonds and subordinated capital notes	5,836	4,474	4,479
Liabilities in respect of derivative instruments	4,520	2,086	2,729
Other liabilities⁽¹⁾⁽³⁾	4,610	4,494	5,164
Total liabilities	254,273	228,823	234,479
Shareholders' equity	14,543	13,066	13,430
Non-controlling interests	683	623	654
Total capital	15,226	13,689	14,084
Total liabilities and capital	269,499	242,512	248,563

^{(1)    Of which: provision for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 207 million and NIS 160 million and NIS 177 million at 30.9.25, 30.9.24 and 31.12.24, respectively.}
^{(2)    Of which: other assets measured at fair value in the amount of NIS 12 million and NIS 16 million and NIS 1 million at 30.9.25, 30.9.24 and 31.12.24, respectively.}
^{(3)    Of which: other liabilities measured at fair value in the amount of NIS 12 million and NIS 48 million and NIS 1 million at 30.9.25, 30.9.24 and 31.12.24, respectively.}

STATEMENT OF CHANGES IN EQUITY
(NIS million)

	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 June 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 three months ended September 30, 2024 (unaudited)
	Share capital and premium ⁽¹⁾	Accumulated other comprehensive income (loss)	Retained earnings ⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of June 30, 2024	927	(292)	11,980	12,615	590	13,205
Net profit for the period	-	-	620	620	30	650
Dividend	-	-	(244)	(244)	-	(244)
Other comprehensive income, after tax effect	-	75	-	75	3	78
Balance as of September 30, 2024	927	(217)	12,356	13,066	623	13,689

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

(178)

12,681

13,430

654

14,084

Net profit for the period

1,748

1,830

Dividend

(759)

(59)

(818)

Benefit due to share-based payment transactions

Other comprehensive income, after tax effect

122

128

Balance as of September 30, 2025

927

929

(56)

13,670

14,543

683

15,226

	For the nine months ended September 30, 2024 (unaudited)
	Share capital and premium ⁽¹⁾	Accumulated other comprehensive loss	Retained earnings ⁽²⁾	Total	Non- controlling interests	Total capital
Balance as at December 31, 2023 (audited)	927	(155)	11,299	12,071	575	12,646
Net profit for the period	-	-	1,798	1,798	79	1,877
Dividend	-	-	(741)	(741)	(29)	(770)
Other comprehensive loss, after tax effect	-	(62)	-	(62)	(2)	(64)
Balance as of September 30, 2024	927	(217)	12,356	13,066	623	13,689

STATEMENT OF CHANGES IN EQUITY (CONT'D)
(NIS million)

	For the year ended December 31, 2024 (audited)
	Share capital and premium ⁽¹⁾	Accumulated other comprehensive loss	Retained earnings ⁽²⁾	Total	Non- controlling interests	Total capital
Balance as of December 31, 2023	927	(155)	11,299	12,071	575	12,646
Net profit for the period	-	-	2,371	2,371	105	2,476
Dividend	-	-	(989)	(989)	(29)	(1,018)
Other comprehensive income (loss), after tax effect	-	(23)	-	(23)	3	(20)
Balance as of December 31, 2024	927	(178)	12,681	13,430	654	14,084

^{(1) Including share premium of NIS 313 million (as from 1992 onwards).
(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

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