Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — Q2 2025 Earnings Presentation
19 slides from Mizrahi Tefahot Bank's earnings presentation, August 2025
Slide 1: Financial Statements June 30, 2025
Financial Statements June 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 constitute
Slide 3: Mizrahi-Tefahot Overview
Mizrahi-Tefahot Overview NIS 517B NIS 377B NIS 417B NIS 5.9B NIS 7.3B Total Assets1 Net Loans to the Deposits from Net Interest Total Revenue2 public1 the public1 Revenue2 NIS 2.7B NIS 56.4B 7,200< 205 Net Profit2 Market Cap3 Employees4 Branches4 SIGNIFICANT MARKET SHARES5 Mizrahi-Tefahot #1 #1 Othe
Slide 4: Q2/2025 Financial Performance Snapshot
Q2/2025 Financial Performance Snapshot Robust Profitability Significant Growth Solid & Stable Balance Sheet 17.8% 12.0% YoY 10.41% ROE Total Assets CET 1 Ratio NIS 1.45B 11.5% YoY 1.03% Net Profit Net Loans to the Public NPL Ratio 34.9% 11.7% YoY 6.03% Cost/Income Ratio Deposits from the Public Leve
Slide 5: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability 19.9 19.0 18.1 17.8 16.9 16.2 ROE % 1,452 1,425 1,453 1,272 1,306 1,290 NET Profit (NIS mil) 1Q24 Q1/24 2Q24 Q2/24 3Q24 Q3/24 4Q24 Q4/24 1Q25 Q1/25 2Q25 Q2/25 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% 2.44% 2.28% NIM% 3,220 3,156 3,093 2,685 2,753 2,799 Net interest income (NIS mil) Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 People First 6
Slide 7: Resilient Core Revenues
Profitability Growth Balance Sheet Financing Revenues from Current Operations (NIS mil) Resilient Core Revenues 2,899 2,942 2,962 2,937 2,838 2,819 2,847 2,851 2,835 2,856 2,780 2,626 2,096 1,834 Q1/2022 Q2/2022 Q3/2022 Q4/2022 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025
Slide 8: Expenses Remain Moderate
Profitability Growth Balance Sheet Expenses Remain Moderate 2,607 2,662 1,328 1,323 Operating and other expenses (NIS mil) Q2/24 Q2/25 H1/24 H1/25 1,724 1,734 Salaries 868 857 (NIS mil) Q2/24 Q2/25 H1/24 H1/25 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 377 358 227,380 232,029 325 307 271 Credit to business segments 97,570 105,154 Credit to the public 364,384 376,672 Q1/25 Q2/25 2021 2022 2023 2024 30.6.25 (1) Q2 vs. Q1 grow
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% 0.11% 0.06% % Of -0.10% total loans 2018 2019 2020 2021 2022 2023 2024 Q1/25 Q2/25 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% 109% NPL ratio 1.12% 1.17% 1.03% Resilient credit portfolio. Total problematic debt (NIS B) Improvement despite geopolitical and macro 2.5 1.5 1.3 environment. 3.7 4.3 3.9 2023 20
Slide 12: Steady Increase
Profitability Growth Balance Sheet Deposit Growth (NIS B) Steady Increase Deposits from the public (NIS B) Core deposits(1) (NIS B) 251 221 232 239 417 206 393 359 345 308 2021 2022 2023 2024 30.6.25 Deposits by segments (NIS B) House holds and Private banking 167.0 166.3 40% Small and micro busines
Slide 13: Strong Capital Position
Profitability Growth Balance Sheet Balance Sheet Strong Capital Position Dividend (NIS mil) Healthy growth in shareholders equity (NIS mil) LEVERAGE 33,114 RATIO 31,292 6.03% vs min regulatory req of 4.5% 2,182 31.12.24 30.6.25 1,273 1,243 Tier 1 capital ratio TOTAL CAPITAL 1,025 995 10.40% 10.41% R
Slide 14: Q2/2025 Key Takeaways
Q2/2025 Key Takeaways 01 04 Strong financial results for Q2/25 Solid balance sheet mix Despite geopolitical environment Credit quality metrics continues to be healthy 02 05 High profitability Expense side control Financing revenues from current operations on a positive Enables cost/income ratio to r
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 1.99% (4) (1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of their work p
Slide 17: Key Balance Sheet Items (NIS mil)
Key Balance Sheet Items (NIS mil) Q2/25 Q4/24 Q2/24 Cash and deposits with banks 78,885 82,664 85,912 Securities 39,704 28,491 25,370 Credit to the public 376,672 357,981 337,698 Deposits from the public 417,394 393,383 373,579 Shareholders equity 33,114 31,292 29,464 Total balance sheet 517,287 485
Slide 18: Key Profit and Loss Items (NIS mil)
Key Profit and Loss Items (NIS mil) Q2/25 Q4/24 Q2/24 Interest revenues, net 3,093 2,753 3,220 Non interest financing revenues (expenses) 43 143 26 Commissions and other revenues 655 595 589 Total revenues 3,791 3,491 3,835 Salaries and related expenses 857 860 868 Maintenance and depreciation 269 2
Slide 19: People First
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