Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q2 2026 Earnings Presentation
19 slides from Mizrahi Tefahot Bank's earnings presentation, Aug 18, 2026
Slide 1: Financial Statements June 30, 2026
Financial Statements June 30, 2026 People First בני אדם לפני הכל
Slide 2: Disclaimer
Disclaimer This document has been prepared by Mizrahi - Tefahot Bank Ltd large number of factors, including, inter alia, changes in the (UMTB) solely for use at the company's presentation . domestic and global equity markets, macro - economic changes, The information contained in this document const
Slide 3: Mizrahi-Tefahot Overview
Mizrahi- Tefahot Overview NIS 581B NIS 424B NIS 474B NIS 5.7B NIS 7.3B Total Assets 1 Net Loans to the Deposits from Net Interest Total Revenue 2 public 1 the public 1 Revenue 2 NIS 2.7B NIS 61.4B 7,200< 206 Net Profit 2 Market Cap 3 Employees 4 Branches 4 SIGNIFICANT MARKET SHARES 1 Mizrahi - Tefah
Slide 4: Q2/2026 Financial Performance Snapshot
Q2/2026 Financial Performance Snapshot Robust Profitability Significant Growth Capital & Balance Sheet Ratios 16.0% 12.3% YoY 10.22% ROE Total Assets CET 1 Ratio NIS 1.43B 12.5% YoY 0.88% Net Profit Net Loans to the Public NPL Ratio 33.9% 13.7% YoY 5.79% Cost/Income Ratio Deposits from the Public Le
Slide 5: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability (1) 16.3 (1) 17.7 ROE % 16.0 14.1 (1) (1) 1,592 1,440 164 NET 202 PROFIT (NIS mil) 1,428 1,238 Q1/2026 Q2/2026 (1) Excluding the affect of the special tax outline and benefits to customers under the volunt
Slide 6: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability 16.2 17.8 17.6 16.3 16.0 ROE % 14.1 1,453 1,483 1,404 1,428 1,290 1,238 NET PROFIT (NIS mil) Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 People First 6
Slide 7: Resilient Core Revenues
Profitability Growth Balance Sheet Financing Revenues from Current Operations (NIS mil) Resilient Core Revenues 2,775 2,792 2,816 2,853 2,829 2,829 2,822 2,824 2,769 2,770 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Average BoI 4.51% 4.50% 4.50% 4.50% 4.50% 4.50%
Slide 8: Continued Expense Side Improvement
Profitability Growth Balance Sheet Expenses Continued Expense Side Improvement 1,734 1,673 857 830 Salaries (NIS mil) Q2/25 Q2/26 1- 6/2025 1- 6/2026 1,323 2,662 1,287 2,615 Operating and other expenses (NIS mil) People First 8
Slide 9: Significant Momentum
Profitability Growth Balance Sheet Growth Significant Momentum Credit to the public (NIS B) Credit growth (NIS mil) Mortgages 424 401 252,304 358 232,029 325 307 271 Credit to business segments 105,154 127,168 Credit to the public 376,672 423,726 Q2/25 Q2/26 2021 2022 2023 2024 2025 30/06/2026 (1) A
Slide 10: Sound Asset Quality
Profitability Growth Balance Sheet Credit Loss Provisions Sound Asset Quality Provisions 0.43 0.45 0.16 0.18 0.17 0.14 0.06 0.06 - 0.10 % Of total loans 2018 2019 2020 2021 2022 2023 2024 2025 1- 6/2026 People First First 10
Slide 11: Credit Strength & Risk Discipline
Profitability Growth Balance Sheet Credit Quality Metrics Credit Strength & Risk Discipline NPL coverage ratio 109% 104% 104% NPL ratio 1.03% 0.97% Resilient credit portfolio. 0.88% Total problematic debt (NIS B) Improvement despite geopolitical and macro 1.3 1.3 1.4 environment. 3.9 3.9 3.8 30/06/2
Slide 12: Steady Increase
Profitability Growth Balance Sheet Deposit Growth (NIS B) Steady Increase Deposits from the public (NIS B) Core deposits (2) (NIS B) 255 257 474 251 448 393 345 359 308 30/06/2025 31/12/2025 30/06/2026 Deposits by segments ( NIS B) House holds and Private banking 168 Small and micro businesses 217 M
Slide 13: Strong Capital Position
Profitability Growth Balance Sheet Balance Sheet Strong Capital Position Dividend (NIS mil) (1) Healthy growth in shareholders equity (NIS mil) 36,100 LEVERAGE 34,765 RATIO 5.79% vs min regulatory 2,686 req of 4.5% 2,182 31.12.2025 30.6.2026 1,273 1,333(2) Tier 1 capital ratio TOTAL CAPITAL 1,025 99
Slide 14: Q2/2026 Key Takeaways
Q2/2026 Key Takeaways 01 04 Strong financial results for Q2 2026 Solid balance sheet mix Despite the special tax for banks and customers ’ relief outline Credit quality metrics continues to be healthy 02 05 High profitability Continued expense side improvement Resilient financing revenues from curre
Slide 15: Appendix
APPENDIX People First 15
Slide 16: Macro Environment
Macro Environment Unemployment rate )1( GDP growth Bank of Israel interest rate and inflation Known CPI – monthly change 1 year OTC inflation expectation 1.72% (3) (1) Unemployment Rate ( 15 years old and above, seasonally adjusted ). 2( ) Bank of Israel forecast for 2026 – 2027- annual average acco
Slide 17: Key Balance Sheet Items (NIS mil)
Key Balance Sheet Items (NIS mil) 30.6.2026 31.3.2026 Cash and deposits with banks 77,734 74,960 Securities 56,459 45,600 Credit to the public 423,726 413,574 Deposits from the public 474,424 450,663 Shareholders equity 36,100 35,246 Total balance sheet 580,815 554,365 People First 17
Slide 18: Key Profit and Loss Items (NIS mil)
Key Profit and Loss Items (NIS mil) Q2/2026 Q1/2026 Interest revenues, net 3,012 2,693 Non interest financing revenues (expenses) 171 186 Commissions and other revenues 619 604 Total revenues 3,802 3,483 Salaries and related expenses 830 843 Maintenance and depreciation 262 274 Other expenses 195 21
Slide 19: People First
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