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

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 million
The 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)

Share
capital and
premium ⁽¹⁾

Capital reserves
from benefit due
to share-based
payment
transactions

Total capital
and capital
reserves

Accumulated
other
comprehensive
income (loss)

Retained
earnings ⁽²⁾

Total

Non-
controlling
interests

Total
capital

Balance as of January 1, 2023

927

–

927

(303)

9,925

10,549

476

11,025

Changes during 2023 –

Net profit for the year

–

2,172

2,262

Dividend

–

(798)

–

(798)

Other comprehensive income, after tax effect

–

148

–

148

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

105

2,476

Dividend

–

(989)

(29)

(1,018)

Other comprehensive income (loss), after tax effect

–

(23)

–

(23)

(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

102

2,362

Dividend

–

(1,195)

(181)

(1,376)

Benefit due to share-based payment transactions

–

Other comprehensive income, after tax effect

–

116

–

116

126

Balance as of December 31, 2025

927

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

Cision

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