Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q3 2025 Earnings Presentation
19 slides from Mizrahi Tefahot Bank's earnings presentation, November 2025
Slide 1: Financial Statements September 30, 2025
Financial Statements September 30, 2025 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 525B NIS 392B NIS 421B NIS 9.0B NIS 11.2B Total Assets 1 Net Loans to the Deposits from Net Interest Total Revenue 2 public 1 the public 1 Revenue 2 NIS 4.2B NIS 61.3B 7,200< 205 Net Profit 2 Market Cap 3 Employees 4 Branches 4 SIGNIFICANT MARKET SHARES 5 Mizrahi - Tef
Slide 4: Q3/2025 Financial Performance Snapshot
Q3/2025 Financial Performance Snapshot Robust Profitability Significant Growth Capital & Balance Sheet Ratios 17.6% 11.2% YoY 10.14% ROE Total Assets CET 1 Ratio NIS 1.48B 12.5% YoY 1.01% Net Profit Net Loans to the Public NPL Ratio 34.2% 9.4% YoY 6.01% Cost/Income Ratio Deposits from the Public Lev
Slide 5: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability 19.9 19.0 18.1 17.8 17.6 16.9 16.2 ROE % 1,452 1,453 1,483 1,425 1,272 1,306 1,290 NET Profit (NIS mil) Q2/25 Q3/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 People First 5
Slide 6: Solid Performance Over Time
Profitability Growth Balance Sheet Net Interest Income and Margin Solid Performance Over Time 2.82% 2.70% 2.39 2.30% 2.28% 2.44% 2.41% NIM% 3,220 3,156 3,093 3,146 2,685 2,753 2,799 Net interest income (NIS mil) Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 People First 6
Slide 7: Resilient Core Revenues
Profitability Growth Balance Sheet Financing Revenues from Current Operations (NIS mil) Resilient Core Revenues 11,679 9,217 8,383 8,480 6,586 5,806 2020 2021 2022 2023 1- 9/2024 1- 9/2025 People First 7
Slide 8: Expenses Remain Moderate
Profitability Growth Balance Sheet Expenses Remain Moderate 2,571 2,569 847 835 Salaries (NIS mil) Q3/24 Q3/25 1- 9/24 1- 9/25 3,896 3,972 Operating and 1,289 1,310 other expenses (NIS mil) Q3/24 Q3/25 1- 9/24 1- 9/25 People First 8
Slide 9: Significant Momentum: Credit Growth
Profitability Growth Balance Sheet Growth Significant Momentum Credit to the public (NIS B) Credit growth (NIS mil) Mortgages 392 232,029 239,012 358 325 307 271 Credit to business segments 105,154 112,513 Credit to the public 376,672 391,875 Q2/25 Q3/25 2021 2022 2023 2024 30.9.25 * growth % change
Slide 10: Sound Asset Quality: Credit Loss Provisions
Profitability Growth Balance Sheet Credit Loss Provisions Sound Asset Quality Provisions 0.43% 0.45% 0.16% 0.18% 0.17% 0.14% 0.07% % Of - 0.10% total loans 2018 2019 2020 2021 2022 2023 2024 1- 9/25 People First 10
Slide 11: Credit Strength & Risk Discipline
Profitability Growth Balance Sheet Credit Quality Metrics Credit Strength & Risk Discipline NPL coverage ratio 116% 103% 104% NPL ratio 1.12% 1.17% 1.01% Resilient credit portfolio. Total problematic debt (NIS B) Improvement despite geopolitical and macro 2.5 1.5 1.2 environment. 3.7 4.2 4.0 2023 20
Slide 12: Steady Increase: Deposit Growth
Profitability Growth Balance Sheet Deposit Growth (NIS B) Steady Increase Deposits from the public (NIS B) Core deposits (1) (NIS B) 253 221 232 241 421 206 393 359 345 308 2021 2022 2023 2024 30.9.25 Deposits by segments ( NIS B) House holds and Private banking 168 168 40 % Small and micro business
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) LEVERAGE 33,965 RATIO 31,292 6.01% vs min regulatory req of 4.5% (2) (3) 2,182 1,984 31.12.24 30.9.25 1,025 1,273 Tier 1 capital ratio TOTAL 995 CAPITAL 10.
Slide 14: Q3/2025 Key Takeaways
Q3/2025 Key Takeaways 01 04 Strong financial results for Q3/25 Solid balance sheet mix Despite geopolitical environment Credit quality metrics continues to be healthy 02 05 High profitability Expense side control Resilient financing revenues from current operations Enables cost/income ratio to reach
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 1.75% (4) (1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of th eir work
Slide 17: Key Balance Sheet Items (NIS mil)
Key Balance Sheet Items (NIS mil) Q3/25 Q4/24 Q3/24 Cash and deposits with banks 68,478 82,664 79,342 Securities 45,375 28,491 30,829 Credit to the public 391,875 357,981 348,314 Deposits from the public 421,487 393,383 385,119 Shareholders equity 33,965 31,292 30,408 Total balance sheet 525,389 485
Slide 18: Key Profit and Loss Items (NIS mil)
Key Profit and Loss Items (NIS mil) Q3/25 Q4/24 Q3/24 Interest revenues, net 3,146 2,753 3,156 Non interest financing revenues (expenses) 57 143 60 Commissions and other revenues 627 595 581 Total revenues 3,830 3,491 3,797 Salaries and related expenses 835 860 847 Maintenance and depreciation 278 2
Slide 19: People First
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