Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q1 2026 Earnings Presentation
18 slides from Mizrahi Tefahot Bank's earnings presentation, May 2026
Slide 1: Financial Statements March 31, 2026
Financial Statements March 31, 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 554B NIS 414B NIS 451B NIS 2.7B NIS 3.5B Total Assets 1 Net Loans to the Deposits from Net Interest Total Revenue 2 public 1 the public 1 Revenue 2 NIS 1.24B NIS 62.2B 7,200< 206 Net Profit 2 Market Cap 3 Employees 4 Branches 4 SIGNIFICANT MARKET SHARES 4 Mizrahi - Tef
Slide 4: Q1/2026 Financial Performance Snapshot
Q1/2026 Financial Performance Snapshot Robust Profitability Significant Growth Capital & Balance Sheet Ratios 14.1% 11.3% YoY 10.17% ROE Total Assets CET 1 Ratio NIS 1.24B 13.5% YoY 0.97% Net Profit Net Loans to the Public NPL Ratio 38.1% 12.9% YoY 5.89% Cost/Income Ratio Deposits from the Public Le
Slide 5: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability (2) (1) 16.3 17.1 ROE % 16.2 14.1 (2) 1,440 1,361 (1) 202 71 NET 1,238 PROFIT 1,290 (NIS mil) Q1/2025 Q1/2026 (1) Excluding the affect of the relevant special tax for banks (2) Excluding the affect of the
Slide 6: 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 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Average BoI 4.51% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.40% 4.
Slide 7: Expenses Remain Moderate
Profitability Growth Balance Sheet Expenses Remain Moderate Continued expenses side discipline 877 843 Salaries (NIS mil) 1,339 1,328 Operating and other expenses (NIS mil) Q1/25 Q1/26 People First 7
Slide 8: Significant Momentum
Profitability Growth Balance Sheet Growth Significant Momentum Credit to the public (NIS B) Credit growth (NIS B) Mortgages 414 248.3 401 227.4 392 377 364 Credit to business segments 97.6 121.7 Credit to the public 364.4 413.6 Q1/25 Q1/26 31/3/2025 30/06/2025 30/09/2025 31/12/2025 31/03/2026 People
Slide 9: 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 - 0.10 0.03 % Of total loans People First 9
Slide 10: Credit Strength & Risk Discipline
Profitability Growth Balance Sheet Credit Quality Metrics Credit Strength & Risk Discipline NPL ratio 1.08% 0.97% 0.97% Total problematic debt (NIS B) Resilient credit portfolio. 1.4 1.3 1.3 4.0 3.9 4.0 31/03/2025 31/12/2025 31/03/2026 Non-accruing Other problematic People First 10
Slide 11: Steady Increase in Deposits
Profitability Growth Balance Sheet Deposit Growth (NIS B) Steady Increase Deposits from the public (NIS B) Core deposits (1) (NIS B) 251 253 255 257 238 448 451 421 417 399 31/3/2025 30/06/2025 30/09/2025 31/12/2025 31/03/2026 Deposits by segments (1) (NIS B) House holds and Private banking 169 194
Slide 12: Strong Capital Position
Profitability Growth Balance Sheet Balance Sheet Strong Capital Position Dividend (NIS mil) (1) Healthy growth in shareholders equity (NIS mil) LEVERAGE 34,765 35,246 RATIO 32,094 5.89% vs min regulatory 2,686 req of 4.5% 2,182 31.3.2025 31.12.2025 31.3.2026 1,273 Tier 1 capital ratio TOTAL CAPITAL
Slide 13: Q1/2026 Key Takeaways
Q1/2026 Key Takeaways 01 04 Strong financial results for Q 1 2026 Solid balance sheet mix Despite the special tax for banks, customers ’ relief outline Credit quality metrics continues to be healthy and negative CPI 02 05 High profitability Effective expense side control Resilient financing revenues
Slide 14: Appendix
APPENDIX People First 14
Slide 15: 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 1.95% (4) (1) Unemployment Rate ( 15 years old and above) seasonally adjusted. (2) Bank of Israel forecast for 2026 – 2027- annual average accordi
Slide 16: Key Balance Sheet Items (NIS mil)
Key Balance Sheet Items (NIS mil) 31.3.2026 31.12.2025 Cash and deposits with banks 74,960 82,849 Securities 45,600 47,903 Credit to the public 413,574 400,501 Deposits from the public 450,663 448,397 Shareholders equity 35,246 34,765 Total balance sheet 554,365 551,173 People First 16
Slide 17: Key Profit and Loss Items (NIS mil)
Key Profit and Loss Items (NIS mil) Q1/2026 2025 Interest revenues, net 2,693 11,727 Non interest financing revenues (expenses) 186 387 Commissions and other revenues 604 2,474 Total revenues 3,483 14,588 Salaries and related expenses 843 3,348 Maintenance and depreciation 274 1,081 Other expenses 2
Slide 18: People First
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