Business
First International Bank of Israel Reports Financial Results for the First Quarter of 2026
First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the First quarter of 2026. Statements reflect accelerated growth and high profitability while maintaining financial strength.
About this update from First International Bank Of Israel Ltd
[{"type":"text","content":"TEL AVIV, Israel, May 18, 2026 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the First quarter of 2026. Statements reflect accelerated growth and high profitability while maintaining financial strength.","length":294,"tagName":"p"},{"type":"text","content":"Financial Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of NIS 480 million in the first quarter of 2026","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Return on equity: 13. 2%","length":24,"tagName":"p"}]},{"val":[{"type":"text","content":"Return on equity, excluding excess capital above the Board's target and the special tax levy, stands at 16.7%","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Credit to the public grew by 16.0% compared with the prior-year period and by 4.8% compared with year-end 2025","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Total customer asset portfolio grew by approximately 25.1% compared with the prior-year period, and by approximately 1.0% compared with year-end 2025, reaching approximately NIS 1.17 trillion","length":196,"tagName":"p"}]},{"val":[{"type":"text","content":"Shareholders' equity totaled approximately NIS 14.5 billion, an increase of 5.0% compared with the prior-year period","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Common Equity Tier 1 ratio: 10.82%","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"The FIBI Board of Directors approved a dividend distribution of approximately NIS 240 million, approximately 50% of net income for the first quarter of 2026.","length":162,"tagName":"p"}]},{"val":[{"type":"text","content":"Dividend yield as of March 31, 2026 stood at 6.1%","length":49,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":876,"olType":false},{"type":"text","content":"The FIBI Group's net income in the first quarter of 2026 totaled NIS 480 million, compared with NIS 530 million in the prior-year period. Return on equity reached 13.2% in the first quarter of 2026. Excluding the excess Common Equity Tier 1 ratio above the Board's target and the special tax levy applicable to the Bank in the first quarter of 2026, return on equity stands at 16.7%...