Slide 1: Bank Leumi Financial Results Presentation Q1 2026
INVESTOR PRESENTATION Bank Leumi Financial Results Presentation Q1 2026 1
Slide 2: Disclaimer
Bank Leumi · Q1 2026 Results Disclaimer This document and the information contained herein: 1. Has been prepared by Bank Leumi le-Israel B.M. (the “Bank”) solely for the purpose of presenting the Bank’s business. 2. Does not purport to be all-inclusive or to contain all the information that may be r
Slide 3: Part 1: Strategy & Highlights – Hanan Friedman, CEO
Bank Leumi · Q1 2026 Results PART 1 · STRATEGY & HIGHLIGHTS Hanan Friedman President & Chief Executive Officer 3
Slide 4: Key Financial Highlights – Q1 2026
Bank Leumi · Q1 2026 Results Bank Leumi: Key Financial Highlights – Q1 2026 ROBUST PROFITABILITY RETURN ON EQUITY CAPITAL RETURN Net Income Reported Dividend + Buyback (1) NIS 2.3Bn (1) 13.6% NIS 1.3Bn ($ 0.7 Bn) ($ 0.4 Bn) Adjusted for Special tax (1) 15.1% 55% Payout ratio 4.7% Div yield Normalize
Slide 5: Part 2: Financial Deep Dive – Hagit Argov, CFO
Bank Leumi · Q1 2026 Results PART 2 · FINANCIAL DEEP DIVE IN THIS SECTION Hagit 01 Performance vs Targets 04 Credit Quality & Growth Argov 02 Macro Environment 05 Deposits & Liquidity Ratios SVP & Chief Financial Officer 03 Income, Expenses & 06 Capital Ratios & Efficiency Capital Return 5
Slide 6: Strong Underlying Performance — Key Financial Metrics
Bank Leumi · Q1 2026 Results Strong Underlying Performance — Key Financial Metrics Q1 2026 Q1 2025 FY 2025 Net Income (NIS M) Reported 2,346 2,403 10,262 Adjusted* 2,604 2,553 10,681 Reported 13.6% 15.4% 15.8% ROE Adjusted* 15.1% 16.3% 16.4% Cost-Income Ratio 29.1% 32.1% 29.3% Credit Loss Expenses 0
Slide 7: Q1 2026 Performance vs. Strategic Targets
Bank Leumi · Q1 2026 Results Q1 2026 Performance vs. Strategic Targets METRIC 2026 FINANCIAL TARGETS Q1 2026 ACTUALS Net Income NIS 9 - 11 Bn NIS 2.3 Bn ROE 13.75% - 15.25% 13.6% Credit Growth 8% - 10% 5.4% YTD Capital Return 50% - 65% 55% Cash Dividend + Share Buyback Macroeconomic assumptions: Ann
Slide 8: Market Indicators: Strong and Resilient
Bank Leumi · Q1 2026 Results Market Indicators: Strong and Resilient Israel OECD GDP Real Growth Rate % CPI (Inflation) % Year-End 9.3% 5.3% 6.3% 6.4% 5.5% 3.2% 2.8% 3.0% 2.6% 3.8% 2.2% 3.3% 2.9% 1.8% 2.1% 1.8% 1.7% 1.7% 1.7% 1.8% 1.0% 2021 2022 2023 2024 2025 2026E 2027E 2021 2022 2023 2024 2025 20
Slide 9: Income Breakdown - Q1 2026 vs. Q1 2025
Bank Leumi · Q1 2026 Results Income Breakdown - Q1 2026 vs. Q1 2025 NIS Millions. 5,385 5,465 54 19 1,021 1,129 Other income KEY TAKEAWAYS 293 408 Fee income Total Revenue Growth +1.5% YoY Non finance income Total revenue Driven by a significant increase in the loan book and 4,017 3,909 fee income i
Slide 10: Growth in Fees
Bank Leumi · Q1 2026 Results Growth in Fees F E E S B R E AK D O W N — Q 1 2 0 2 6 v s Q 1 2 0 2 5 Q1'26 Q1'25 341 1,129 Financing Trx. 287 1,021 151 Account Mgmt 148 225 Securities 190 141 Exchange Diff. 129 103 Q1 2025 Q1 2026 Credit Cards 111 168 Other Fees +10.6% Total Fees Q1 2026 vs Q1 2025 15
Slide 11: Expenses Breakdown and PPNR - Q1 2026 vs. Q1 2025
Bank Leumi · Q1 2026 Results Expenses Breakdown and PPNR - Q1 2026 vs. Q1 2025 KEY TAKEAWAYS 1,731 1,592 652 Maintenance & Decrease in Salary Costs 638 DepreciationExpenses and Salaries Others -11.6% YoY Driven by a reduction in headcount and performance-linked Total Salary & Related bonuses 1,079 E
Slide 12: Multi-year Decline in Cost-Income Ratio
Bank Leumi · Q1 2026 Results Multi-year Decline in Cost-Income Ratio 28.8pp KEY TAKEAW AY 57.9% improvement 53.2% since 2019 Technology and AI driven efficiency delivered a 45.8% World-Class Cost-Income ratio. 37.2% 32.6% 29.9% 29.3% 29.1% 29.1% Q1 2026 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Leu
Slide 13: Credit Loss Expenses
Bank Leumi · Q1 2026 Results Credit Loss Expenses KEY TAKEAW AY Q 1 2026 Income from Specific Provisions over a period of Credit Loss nine quarters. 0.05% 0.19% 0.03% 0.11% 0.12% ratio Collective Provisions were 223 driven by strong credit growth 166 in the quarter. 385 140 55 32 264 (0.07%) 106 144
Slide 14: High Quality Credit Indicators
Bank Leumi · Q1 2026 Results High Quality Credit Indicators NPL RATIO Provisions/NPLs TROUBLED DEBT RATIO CREDIT LOSS PROVISIONS 0.40% 3.1 1.11% NIS 6.85 Bn vs 3.2 FY25 · 3.0 FY24 vs 6.85 FY25 · 6.89 FY24 MULTI-YEAR TREND — % OF GROSS LOANS TROUBLED DEBT RATIO NPL 1.78% 1.45% 1.24% 1.11% 0.85% 0.50%
Slide 15: Credit Growth in Target Segments
Bank Leumi · Q1 2026 Results Credit Growth in Target Segments NET LOANS TO THE PUBLIC — NIS BN SEGMENT GROWTH — Q1 2026 548 Mortgages YTD +5.4% 520 159.8 Bn +2.0% QoQ vs 156.7 in FY'25 + 7.8% YoY 456 Since 2019 +94% 419 385 325 Corporate + RE 282 278 182.5 Bn +10.3% QoQ vs 165.4 in FY'25 + 27.5% YoY
Slide 16: Expanding and Diversifying Deposit Base
Bank Leumi · Q1 2026 Results Expanding and Diversifying Deposit Base DEPOSITS — NIS BN DEPOSIT BASE Since 2019 +86% DEPOSIT GROWTH L O AN - TO - D E P O S I T 695 618 687 +1.2% 78.8% QoQ Q1 2026 vs 75.7% FY25 557 568 515 + 16.5% YoY 428 374 I N D I V I D U AL D E P O S I TS LCR 230.7 Bn 117% Regulat
Slide 17: Diversified Credit and Deposits
Bank Leumi · Q1 2026 Results Diversified Credit and Deposits NIS Bn. Credit Portfolio Cap. Other 3.4% Private Ind. 5.8% Markets 9.9% Real Estate 14.2% NIS 548 bn Mortgages 29.2% Corporate 19.1% SMEs 5.3% Commercial 13.0% Deposits Base Private individuals Capital 33.2% markets 36.7% NIS 695 bn Corpor
Slide 18: Solid Capital ratios and Capital Return
Bank Leumi · Q1 2026 Results Solid Capital ratios and Capital Return Q1 2026 SUMMARY – as of 31.3.2026 QUARTERLY CAPITAL RETURN — NIS BN CET 1 RATIO Total Capital Return Q1’26 11.74% vs 12.05% FY 2025 NIS 1.3 Bn Regulatory Target: 10.24% NIS 968m’ Dividend + NIS 322m’ Buyback Internal Target: 10.85%
Slide 19: Investment Highlights
Bank Leumi · Q1 2026 Results Investment Highlights PROFITABILITY GROWTH CREDIT QUALITY Strong and Consistent Core Business Growth Responsible Growth Profitability Resilient performance in a changing Continued accelerated growth in loans and High-quality underwriting and strong credit environment. de
Slide 20: Thank you
Thank you QUESTIONS & ANSWERS 20