TEL AVIV, Israel, March 10, 2026 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the Fourth quarter of 2025 and full year of 2025. Statements reflect accelerated growth and high profitability while maintaining financial strength
Financial Highlights
-- Net income of NIS 2.26 billion for 2025. Return on Equity $(ROE)$: 16.2%. -- Return on equity, adjusted to exclude Tier 1 capital surplus above the Bank's target ratio, reached 19.1% -- Public credit grew by 12.9% compared to year-end 2024 -- Customer assets grew by 38.4% compared to year-end 2024, reaching NIS 1,161 billion -- Public deposits grew by 11.1% compared to year-end 2024 -- Equity attributable to the Bank's shareholders totaled NIS 14.6 billion, reflecting a 8.8% increase compared to year-end 2024 -- Tier 1 capital ratio: 11.1% -- Net income for the fourth quarter of 2025 totaled NIS 512 millionThe Bank's Board of Directors approved approximately NIS 522 million dividend distribution. This amount includes a NIS 266 million distribution as part of a potential future framework of distributions aimed at reducing c NIS 1 billion of capital surplus over the next two years. The Bank is also evaluating additional distributions of 25% of net income through share buybacks over the next two years, subject to the adoption of appropriate frameworks.
2025 Results Summary
The FIBI Group's net income for 2025 totaled NIS 2.26 billion, a 4.7% decrease compared to 2024. Return on equity reached 16.2%.
Return on equity, adjusted to exclude Tier 1 capital surplus above the Bank's target ratio, reached 19.1%
Total revenues grew by 2.6% in 2025 compared to 2024, totaling NIS 6.9 billion. Fee income grew by 14.4% compared to 2024, totaling NIS 1.8 billion. In the fourth quarter, fee income grew by 6.3% compared to the same quarter in the prior year.
Public credit totaled NIS 148 billion, a 12.9% increase compared to year-end 2024, and 4.7% compared to the third quarter of the year.
Public deposits totaled NIS 238.50 billion, a 11.1% increase compared to year-end 2024, and 2.4% compared to the third quarter of the year.
The total customer asset portfolio grew by 38.4% compared to year-end 2024 and by 8.1% in the fourth quarter, reaching NIS 1.16 trillion.
Equity attributable to the Bank's shareholders increased to NIS 14.6 billion, a 8.8% increase compared to year-end 2024. The Tier 1 capital ratio is 11.1%, exceeding the regulatory capital requirement by 1.87% and facilitating the continued growth of the Group's operations and a distribution of surplus capital as dividends.
High-quality credit portfolio: the credit loss expense rate as a percentage of average public credit stands at 0.01%. The NPL (non-performing loans) ratio (the rate of non-accrual loans or loans that are 90 days or more past due, as a percentage of public credit) was 0.46%, compared to 0.53% at year-end 2024.
Operating and other expenses totaled NIS 3.19 billion, a 7.2% increase compared to the same period last year, driven primarily by brokerage commissions on capital markets activity, advertising expenses, and customer grants under the Bank of Israel's voluntary framework. The efficiency ratio for 2025 stands at 46.1%.
Capital Surplus Reduction
The Board of Directors approved a dividend distribution to shareholders totaling NIS 256 million, representing 50% of net income for the fourth quarter of 2025. Furthermore, in light of the Bank's capital surplus, the Board approved an additional NIS 266 million dividend distribution from the Bank's capital surplus, as part of a potential plan for future additional distributions in comparable amounts, to be made in 3 further installments, one every 6 months, up to a total cumulative amount of NIS 1 billion.
In addition, the Bank is evaluating the possibility of further distributions of 25% of net quarterly income over the next two years through share buyback program, subject to Board approval of these programs.
Accordingly, total dividends to be distributed in March 2026 amount to approximately NIS 522 million. If and to the extent that such share buyback programs are approved, the maximum additional amount to be distributed thereunder with respect to earnings for the fourth quarter of 2025 stands at an additional NIS 128 million.
Management Comment
Eli Cohen, CEO of the First International Bank of Israel: "At the time of writing, the State of Israel is in the midst of Operation Lion's Roar, as the IDF and US forces are engaged in operations on the Iranian front and elsewhere, while civilians on the home front face missile attacks from Iran and Lebanon. The Israeli economy has demonstrated resilience and stability against this backdrop and throughout the complex challenges of 2025 as a whole. FIBI and its employees continue to provide professional, uninterrupted service to our customers, and we are offering a range of benefits and accommodations to assist them during this time.
FIBI's financial results for 2025 attest to the Group's resilience and our ability to adapt our business operations to changing market conditions. The accelerated growth in customer assets and the credit portfolio reflects the public's deep confidence in the Bank, its stability, and its professionalism.
We continue to invest in technological innovation and in improving customer experience, while maintaining an uncompromising standard of service and social responsibility toward our communities. This year, the Bank launched a series of digital innovations and customer value propositions, highlighting investment services: the TOP TRADE account--a competitive value proposition for young customers making their first steps in the capital market.
I wish to thank the Bank's employees for their dedication and commitment to our customers through these challenging days and in general. I also wish to express solidarity with our security forces, who continue to demonstrate strength, courage, and professionalism, and I wish us all quiet days ahead."
CONDENSED PRINCIPAL FINANCIAL INFORMATION AND PRINCIPAL EXECUTION INDICES
Principal execution indices
===================================== ==============================================
For the year ended December 31,
------------------------------------ ----------------------------------------------
2025 2024 2023 2022 2021
------------------------------------ -------- ------- ------- ------- ---------
in %
------------------------------------ -------- ------- ------- ------- ---------
Return on equity attributed to
shareholders of the Bank (1) 16.2 19.0 19.7 16.6 14.7
Return on average assets 0.86 1.02 1.06 0.89 0.82
Ratio of total income to average
assets 2.6 2.9 3.2 2.9 2.6
Ratio of interest income, net to
average assets 1.8 2.0 2.4 2.0 1.6
Ratio of fees to average assets 0.7 0.7 0.7 0.8 0.8
Efficiency ratio 46.1 44.1 43.5 50.9 58.3
===================================== ======== ======= ======= ======= =========
As of December 31,
------------------------------------- ----------------------------------------------
2025 2024 2023 2022 2021
------------------------------------ -------- ------- ------- ------- ---------
in %
------------------------------------ -------- ------- ------- ------- ---------
Ratio of tier 1 equity capital 11.10 11.31 11.35 10.42 11.46
Leverage ratio 5.04 5.18 5.26 5.19 5.34
Liquidity coverage ratio (2) 129 165 156 127 128
Net stable funding ratio 127 140 146 133 139
------------------------------------- -------- ------- ------- ------- ---------
For the year ended December 31,
----------------------------------------------
2025 2024 2023 2022 2021
------------------------------------ -------- ------- ------- ------- ---------
in %
------------------------------------ -------- ------- ------- ------- ---------
Ratio of provision for credit losses
to credit to the public 1.11 1.25 1.36 1.02 1.05
Ratio of total provision for credit
losses (3) to credit to the public 1.25 1.38 1.50 1.12 1.13
Ratio of non-accruing debts or in
arrears of 90 days or more to credit
to the public 0.46 0.53 0.60 0.48 0.63
Ratio of provision for credit losses
to total non-accruing credit to the
public 251.5 244.6 234.5 219.7 244.0
Ratio of net write-offs to average
total credit to the public (0.01) (0.04) 0.03 0.03 (0.01)
Ratio of expenses (income) for credit
losses to average total credit to
the public 0.01 (0.01) 0.42 0.11 (0.23)
------------------------------------- -------- ------- ------- ------- ---------
Principal credit quality indices
Principal data from the statement of income
-------------------------------------------------------------------------------------
For the year ended December 31,
------------------------------------ ----------------------------------------------
2025 2024 2023 2022 2021
------------------------------------ -------- ------- ------- ------- ---------
NIS
million
------------------------------------ -------- ------- ------- ------- ---------
Net profit attributed to shareholders
of the Bank 2,260 2,371 2,172 1,667 1,405
Interest Income, net 4,822 4,740 4,966 3,803 2,794
Expenses (income) from credit losses 19 (16) 502 123 (216)
Total non-interest income 2,100 2,006 1,652 1,611 1,756
Of which: Fees 1,777 1,553 1,502 1,489 1,444
Total operating and other expenses 3,190 2,977 2,877 2,755 2,652
Of which: Salaries and related
expenses 1,769 1,739 1,766 1,700 1,621
Primary net profit per share of NIS
0.05 par value (NIS) 22.53 23.63 21.65 16.62 14.00
Diluted net profit per share of NIS
0.05 par value (NIS) 22.52 23.63 21.65 16.62 14.00
------------------------------------- -------- ------- ------- ------- ---------
As of December 31,
------------------------------------ ----------------------------------------------
2025 2024 2023 2022 2021
------------------------------------ -------- ------- ------- ------- ---------
NIS
million
------------------------------------ -------- ------- ------- ------- ---------
Total assets 277,833 248,563 221,593 195,955 180,470
of which: Cash and deposits with
banks 83,776 77,175 68,866 57,130 57,370
Securities 38,266 34,396 26,985 16,010 15,091
Credit to the
public, net 146,374 129,416 117,622 115,961 101,164
Total liabilities 262,634 234,479 208,947 184,920 170,033
of which: Deposits from the public 238,509 214,755 191,125 168,269 153,447
Deposits from
banks 1,906 2,508 4,314 4,821 5,144
Bonds and
subordinated
capital notes 6,791 4,479 4,767 4,749 3,356
Capital attributed to the
shareholders of the Bank 14,614 13,430 12,071 10,559 10,003
------------------------------------- -------- ------- ------- ------- ---------
Principal data from the balance sheet
Additional data
============================================================
2025 2024 2023 2022 2021
------------------ ------ ------ ------ ------ -------
Share price (0.01
NIS) 25,050 17,940 14,990 13,900 12,950
Dividend per share
(0.01 NIS) 1,191 986 795 942 543
Average number of
positions (4) 3,515 3,555 3,634 3,676 3,715
------------------ ------ ------ ------ ------ -------
* The 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) 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, for the year ended December 31, 2025,
amounted to 19.1%. (2) The ratio is computed
in respect of the three months ended at the end of
the reporting period. (3) Including
provision in respect of off-balance sheet credit
instruments. (4) The number of positions
includes conversion of overtime in terms of
positions.
------------------------------------------------------------
STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31
(NIS million)
Consolidated The Bank
------------------- --------------------- ---------------------
2025 2024 2023 2025 2024 2023
------------------- ------ ------ ----- ------ ------ -----
Interest Income 11,771 11,097 9,850 11,160 10,506 9,317
Interest Expenses 6,949 6,357 4,884 6,838 6,251 4,801
-------------------- ------ ------ ----- ------ ------ -----
Interest Income, net 4,822 4,740 4,966 4,322 4,255 4,516
Expenses (income)
from credit losses 19 (16) 502 (12) (23) 484
-------------------- ------ ------ ----- ------ ------ -----
Net Interest Income
after expenses from
credit losses 4,803 4,756 4,464 4,334 4,278 4,032
-------------------- ------ ------ ----- ------ ------ -----
Non-Interest Income
Non-Interest
Financing income 312 432 142 312 432 161
Fees 1,777 1,553 1,502 1,582 1,387 1,348
Other income 11 21 8 70 78 62
-------------------- ------ ------ ----- ------ ------ -----
Total non-Interest
income 2,100 2,006 1,652 1,964 1,897 1,571
-------------------- ------ ------ ----- ------ ------ -----
Operating and other
expenses
Salaries and related
expenses 1,769 1,739 1,766 1,645 1,620 1,644
Maintenance and
depreciation of
premises
and equipment 338 359 321 311 334 297
Amortizations and
impairment of
intangible assets 146 134 122 145 133 120
Other expenses 937 745 668 901 717 642
-------------------- ------ ------ ----- ------ ------ -----
Total operating and
other expenses 3,190 2,977 2,877 3,002 2,804 2,703
-------------------- ------ ------ ----- ------ ------ -----
Profit before taxes 3,713 3,785 3,239 3,296 3,371 2,900
Provision for taxes
on profit 1,386 1,383 1,090 1,232 1,228 973
-------------------- ------ ------ ----- ------ ------ -----
Profit after taxes 2,327 2,402 2,149 2,064 2,143 1,927
The bank's share in
profit of
equity-basis
investee, after
taxes 35 74 113 196 228 245
-------------------- ------ ------ ----- ------ ------ -----
Net profit:
Before attribution
to non-controlling
interests 2,362 2,476 2,262 2,260 2,371 2,172
Attributed to
non-controlling
interests (102) (105) (90) - - -
Attributed to
shareholders of the
Bank 2,260 2,371 2,172 2,260 2,371 2,172
-------------------- ------ ------ ----- ------ ------ -----
Consolidated and The Bank 2025 2024 2023
-------------------------------------------------- ----- ----- -----
NIS
-------------------------------------------------- ----- ----- -----
Primary profit per share attributed to the
shareholders of the Bank
Net profit per share of NIS 0.05 par value 22.53 23.63 21.65
Diluted profit per share attributed to the
shareholders of the Bank
Net profit per share of NIS 0.05 par value 22.52 23.63 21.65
--------------------------------------------------- ----- ----- -----
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31
(NIS million)
================================================== ===== ===== =====
Consolidated
-------------------------------------------------- -------------------
2025 2024 2023
-------------------------------------------------- ----- ----- -----
Net profit before attribution to non-controlling
interests 2,362 2,476 2,262
Net profit attributed to non-controlling interests (102) (105) (90)
--------------------------------------------------- ----- ----- -----
Net profit attributed to the shareholders of the
Bank 2,260 2,371 2,172
Other comprehensive income (loss) before taxes:
Adjustments of available for sale bonds to fair
value, net 281 31 213
Adjustments of liabilities in respect of employee
benefits(1) (69) (60) 25
--------------------------------------------------- ----- ----- -----
Other comprehensive income (loss) before taxes 212 (29) 238
Related tax effect (86) 9 (81)
--------------------------------------------------- ----- ----- -----
Other comprehensive income (loss) before
attribution to non-controlling interests, after
taxes 126 (20) 157
Less other comprehensive income attributed to
non-controlling interests 10 3 9
--------------------------------------------------- ----- ----- -----
Other comprehensive income (loss) attributed to the
shareholders of the Bank, after taxes 116 (23) 148
--------------------------------------------------- ----- ----- -----
Comprehensive income before attribution to
non-controlling interests 2,488 2,456 2,419
Comprehensive income attributed to non-controlling
interests (112) (108) (99)
--------------------------------------------------- ----- ----- -----
Comprehensive income attributed to the shareholders
of the Bank 2,376 2,348 2,320
--------------------------------------------------- ----- ----- -----
(1) Mostly reflects adjustments in respect of actuarial
assessments as of the end of the period regarding
defined benefits pension plans, of amounts
recorded in the past in other comprehensive profit.
BALANCE SHEET AS AT DECEMBER 31
(NIS million)
======================================================================
Consolidated The Bank
--------------------------------- ---------------- ----------------
2025 2024 2025 2024
--------------------------------- ------- ------- ------- -------
Assets
Cash and deposits with banks 83,776 77,175 83,652 76,194
Securities 38,266 34,396 35,548 31,996
Securities borrowed or purchased
under agreements to repurchase 355 70 355 70
Credit to the public 148,014 131,050 141,342 124,573
Provision for Credit losses (1,640) (1,634) (1,514) (1,533)
---------------------------------- ------- ------- ------- -------
Credit to the public, net 146,374 129,416 139,828 123,040
Credit to the government 1,607 1,496 880 789
Investment in equity-basis
investees 875 842 1,842 1,826
Premises and equipment 871 867 852 847
Intangible assets 404 363 402 360
Assets in respect of derivative
instruments 3,934 2,565 3,934 2,565
Other assets(2) 1,371 1,373 1,285 1,290
Total assets 277,833 248,563 268,578 238,977
================================== ======= ======= ======= =======
Liabilities and Capital
Deposits from the public 238,509 214,755 233,166 207,007
Deposits from banks 1,906 2,508 3,648 4,091
Deposits from the Government 2,032 2,540 2,032 2,540
Securities lent or sold under
agreements to repurchase 4,107 2,304 4,107 2,304
Bonds and subordinated
capital notes 6,791 4,479 2,268 2,218
Liabilities in respect of
derivative instruments 4,336 2,729 4,338 2,732
Other liabilities(1)(3) 4,953 5,164 4,405 4,655
Total liabilities 262,634 234,479 253,964 225,547
---------------------------------- ------- ------- ------- -------
Capital attributed to the
shareholders of the Bank 14,614 13,430 14,614 13,430
Non-controlling interests 585 654 - -
---------------------------------- ------- ------- ------- -------
Total capital 15,199 14,084 14,614 13,430
---------------------------------- ------- ------- ------- -------
Total liabilities and capital 277,833 248,563 268,578 238,977
---------------------------------- ------- ------- ------- -------
(1) Of which: provisions for credit losses in respect of
off-balance sheet credit instruments in the amount of NIS 210
million and NIS 177 million (consolidated) and NIS
206 million and NIS 173 million (the Bank) as of December 31,
2025 and 2024, respectively. (2) Of which: other
assets measured at fair value in the amount of NIS 5 million
consolidated and the Bank (31.12.24 - NIS 1 million
consolidated and the Bank). (3) Of which:
other liabilities measured at fair value in the amount of NIS
5 million consolidated and the Bank (31.12.24 - NIS 1 million
consolidated and the Bank).
STATEMENT OF CHANGES IN EQUITY
(NIS million)
=========================================================================================================
Capital
reserves
Share from benefit Total Accumulated
capital due to capital other
and share-based and comprehensive Retained Non-
premium payment capital income earnings controlling Total
(1) transactions reserves (loss) (2) Total interests capital
-------------- ------- ------------ -------- ------------- -------- ------- ----------- --------
Balance as of
January 1,
2023 927 - 927 (303) 9,925 10,549 476 11,025
Changes during
2023 -
Net profit for
the year - - - - 2,172 2,172 90 2,262
Dividend - - - - (798) (798) - (798)
Other
comprehensive
income, after
tax effect - - - 148 - 148 9 157
--------------- ------- ------------ -------- ------------- -------- ------- ----------- --------
Balance as of
December 31,
2023 927 - 927 (155) 11,299 12,071 575 12,646
Changes during
2024 -
Net profit for
the year - - - - 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 - 927 (178) 12,681 13,430 654 14,084
Changes during
2025 -
Net profit for
the year - - - - 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 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
zucker.d@fibi.co.il
+972-3-519-6224
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SOURCE First International Bank of Israel
(END) Dow Jones Newswires
March 10, 2026 05:00 ET (09:00 GMT)