Press Release: First International Bank of Israel Reports Financial Results for the Fourth Quarter of 2025 and full year of 2025

Dow Jones
Mar 10

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

View original content:https://www.prnewswire.com/news-releases/first-international-bank-of-israel-reports-financial-results-for-the-fourth-quarter-of-2025-and-full-year-of-2025-302709243.html

SOURCE First International Bank of Israel

 

(END) Dow Jones Newswires

March 10, 2026 05:00 ET (09:00 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10