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
year
ended
For the three months For the nine months December
ended September 30, ended September 30, 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
year
ended
For the three months For the nine months December
ended September 30, ended September 30, 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 For the nine months
ended September 30, 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
year
Ended
For the three months For the nine months December
ended September 30 ended September 30 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
year
Ended
For the three months For the nine months December
ended September 30 ended September 30 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)
-------------- ---------------------------------------------------------------------------------------
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
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 Accumulated
capital other
and comprehensive Retained Non-
premium income earnings controlling Total
(1) (loss) (2) Total interests 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)
-------------- ---------------------------------------------------------------------------------------
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
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 nine months ended September 30, 2024 (unaudited)
-------------- ---------------------------------------------------------------
Share
capital Accumulated
and other Retained Non-
premium comprehensive earnings controlling Total
(1) loss (2) Total interests 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 Accumulated
and other Retained Non-
premium comprehensive earnings controlling Total
(1) loss (2) Total interests 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
zucker.d@fibi.co.i
+972-3-519-6224
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SOURCE First International Bank of Israel
(END) Dow Jones Newswires
November 17, 2025 03:32 ET (08:32 GMT)