Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q1 2025 Earnings Presentation
16 slides from Mizrahi Tefahot Bank's earnings presentation, May 2025
Slide 1: Financial statements March 31, 2025
Financial statements March 31, 2025 0
Slide 2: Disclaimer
Q1/25 Disclaimer • This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2025 quarterly reports and/ or immediate reports, as well as the periodic, quarterly
Slide 3: Macro environment
Q1/25 Macro environment Unemployment rate)1( GDP growth Bank of Israel interest rate and inflation Known CPI – monthly change 1 year OTC inflation expectation 1.96% )4( (1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of their
Slide 4: Overview of Mizrahi-Tefahot
Q1/25 Overview of Mizrahi-Tefahot Leading Israeli Bank NIS 498bn NIS 364bn NIS 399bn Total Assets1 Net Loans to the public1 Deposits from the public1 NIS 2.8bn NIS 3.5bn NIS 1.3bn Net Interest Revenue2 Total Revenue2 Net Profit2 NIS 51.2bn ≈ 7,200 4 205 Market Cap3 Employees Branches4 Significant Ma
Slide 5: Financial Highlights
Q1/25 Financial Highlights Total Assets (NISbn) Net Loans to the Public (NISbn) Deposits from the Public (NISbn) 498 9.3% Balance Sheet 10.5% 10.3% 364 399 451 330 365 Growth Mar-24 Mar-25 Mar-24 Mar-25 Mar-24 Mar-25 Cost/Income Ratio Return on Equity 38.0% 37.8% 18.1% 16.9% 35.5% 16.2% Profitabilit
Slide 6: The effect of Iron Swords war events
Q1/25 The effect of Iron Swords war events - The Iron Swords War, which commenced after the October 7, 2023 surprise attack is still ongoing, and even at this stage, a great deal of uncertainty still remains regarding its end date and its full impact on the economic activity in Israel. - Since the s
Slide 7: Voluntary consumer relief outline
Q1/25 Voluntary consumer relief outline - In March 2025, the Bank of Israel announced a voluntary consumer relief outline for customers of the banking system. Under the outline, during 2025-2026 the banks will provide reliefs and monetary refunds to retail banking customers; this will be implemented
Slide 8: Loan balance with changes to terms and conditions of debt due to the war
Q1/25 Loan balance with changes to terms and conditions of debt due to the war (NIS mil) Loan balance with changes Loan balance with changes to Loan balance with changes Total credit to this to terms and conditions of terms and conditions of debt to terms and conditions of (1) segment debt as of 31.
Slide 9: Asset quality (NIS mil)
Q1/25 Asset quality (NIS mil) Segment Q1/2025 Q4/2024 Q1/2024 Provisions / loans to the public Rate of Rate of Rate of Provision Provision Provision provision provision provision Housing loans )34( )0.06%( )9( )0.02%( 22 0.04% Business 83 0.30% 60 0.23% 109 0.46% 0.21% Households 54 0.79% 54 0.78% 4
Slide 10: Profitability and efficiency
Q1/25 Profitability and efficiency Net profit (NIS mil) Return on equity Cost/income ratio 18.1% 16.9% 16.2% 1,272 1,306 1,290 38.0% 37.8% 35.5% 1 Q1/2024 Q4/2024 Q1/2025 Q1/2024 Q4/2024 Q1/2025 Q1/2024 Q4/2024 Q1/2025 9
Slide 11: Continuous loan growth
Q1/25 Continuous loan growth (NIS bil) Credit to the public(1) 358 364 325 Business 307 31.3.25 31.3.24 % change in 271 segment 246 Housing loans 227.4 208.1 9.2 181 194 205 Households + 159 171 221 private banking 27.4 27.0 1.6 Total individuals 254.8 235.1 8.4 (2) Total businesses 109.6 95.4 14.9
Slide 12: Continuous deposit growth
Q1/25 Continuous deposit growth (NIS bil) Deposits from the public (NIS bil) Core deposits(1) (NIS bil) 239 238 221 232 399 194 206 393 137 127 345 359 96 106 114 168 308 284 199 211 184 162 178 247 Deposits by segments Segment 161.1 165.5 House holds and Private banking 40% 41% Small and micro busi
Slide 13: Financing revenues from current operations
Q1/25 Financing revenues from current operations From Q4/2020 including Union Bank. NIS mil Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Interest revenues, net 2,685 3,220 3,156 2,753 2,799 Non-interest financing revenues 345 26 60 143 142 Total financing revenues 3,030 3,246 3,216 2,896 2,941 less: Effe
Slide 14: Expenses
Q1/25 Expenses Operating and other expenses (NIS mil) Salaries (NIS mil) 1,339 858 877 1,306 856 1,279 Q1/2024 2024 quarterly Q1/2025 Q1/2024 2024 quarterly Q1/2025 average average 13
Slide 15: Equity, capital adequacy and dividend
Q1/25 Equity, capital adequacy and dividend Equity (NIS mil) Leverage ratio 31,292 32,094 2024 Q1/2025 Capital adequacy (1)(2) Dividend (NIS mil) 1273 2182 13.30% 1,024 995 13.36% 737 483 516 10.40% 10.37% 404 120 190 75 122 137 31.12.24 31.3.25 2010 2012 2014 2016 2018 2020 2022 2024 Q1 2025 (3) Bo
Slide 16: Thank you
Thank you 15