First International Bank of Israel reports Financial Results for the Third Quarter of 2026
TEL AVIV, Israel, Nov. 11, 2026 /PRNewswire/ -- 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 | For the nine months | For the year ended | ||||||||
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 | For the nine months | For the year | ||||||||
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 | For the nine months | |||||||||
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). | ||||||||||
CONSOLIDATED STATEMENT OF INCOME | ||||||||||
(NIS million) | ||||||||||
For the three months | For the nine months | For the year Ended | ||||||||
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 | For the nine months | For the year Ended | ||||||||
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 | (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 | (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 | ||||||||||
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. | ||||||
STATEMENT OF CHANGES IN EQUITY | ||||||||||||||||
(NIS million) | ||||||||||||||||
For the three months ended September 30, 2026 (unaudited) | ||||||||||||||||
Share | Capital reserves | Total capital | Accumulated | Retained | 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 reserves | Total capital | Accumulated | 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 reserves | Total capital | Accumulated | 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 | - | - | - | (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 reserves | Total capital | Accumulated | 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 | - | - | - | 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 reserves | Total capital | Accumulated | 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 | - | - | - | 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). | ||||||||||||||||
Contact:
Dafna Zucker
First International Bank of Israel
[email protected]
+972-3-519-6224
SOURCE First International Bank of Israel
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