Mizrahi Tefahot Bank Ltd · TASE:MZTF
Mizrahi Tefahot Bank — FY2025 Earnings Presentation
18 slides from Mizrahi Tefahot Bank's earnings presentation, February 2026
Slide 1: Financial Statements December 31, 2025
Financial Statements December 31, 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 551B NIS 401B NIS 448B NIS 11.7B NIS 14.6B Total Assets 1 Net Loans to the Deposits from Net Interest Total Revenue 2 public 1 the public 1 Revenue 2 NIS 5.6B NIS 66.1B 7,200< 206 Net Profit 2 Market Cap 3 Employees 4 Branches 4 SIGNIFICANT MARKET SHARES 5 Mizrahi - Te
Slide 4: Financial Performance Snapshot
2025 Financial Performance Snapshot Robust Profitability Significant Growth Capital & Balance Sheet Ratios 17.0% 13.5% YoY 10.24% ROE Total Assets CET 1 Ratio NIS 5.63B 11.9% YoY 0.97% Net Profit Net Loans to the Public NPL Ratio 35.9% 14.0% YoY 5.88% Cost/Income Ratio Deposits from the Public Lever
Slide 5: Continued Strong Profitability
Profitability Growth Balance Sheet Key Profitability Indicators Continued Strong Profitability 20.1 19.1 18.5 15.8 17.0 ROE % 5,455 5,630 4,910 4,472 3,188 NET Profit (NIS mil) 2021 2022 2023 2024 2025 People First 5
Slide 6: Resilient Core Revenues
Profitability Growth Balance Sheet Financing Revenues from Current Operations (NIS mil) Resilient Core Revenues 11,679 11,304 11,236 9,217 6,586 2021 2022 2023 2024 2025 People First 6
Slide 7: Expenses Remain Moderate
Profitability Growth Balance Sheet Expenses Remain Moderate 3,431 3,348 860 779 Salaries (NIS mil) Q4/24 Q4/25 2024 2025 5,222 5,239 Operating and 1,326 1,267 other expenses (NIS mil) Q4/24 Q4/25 2024 2025 People First 7
Slide 8: Significant Momentum
Profitability Growth Balance Sheet Growth Significant Momentum Credit to the public (NIS B) Credit growth (NIS mil) Mortgages 401 358 244,163 224,114 325 307 271 Credit to business segments 115,027 95,562 31.12.2024 31.12.2025 2021 2022 2023 2024 2025 People First 8
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 % % Of - 0.10% total loans 2018 2019 2020 2021 2022 2023 2024 2025 People First 9
Slide 10: 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% 0.97% Resilient credit portfolio. Total problematic debt (NIS B) Improvement despite geopolitical and macro 2.5 1.5 1.3 environment. 3.7 4.2 3.9 2023 20
Slide 11: Steady Increase in Deposit Growth
Profitability Growth Balance Sheet Deposit Growth (NIS B) Steady Increase Deposits from the public (NIS B) Core deposits (1) (NIS B) 255 221 232 243 448 206 393 345 359 308 2021 2022 2023 2024 2025 Deposits by segments ( NIS B) House holds and Private banking 167 178 Small and micro businesses Mediu
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 RATIO 33,965 31,292 5.88% vs min (2) regulatory 2,686 req of 4.5% 2,182 31.12.24 30.9.25 31.12.25 1,273 Tier 1 capital ratio TOTAL CAPITAL 1
Slide 13: 2025 Key Takeaways
2025 Key Takeaways 01 04 Strong financial results for 2025 Solid balance sheet mix Despite geopolitical environment Credit quality metrics continues to be healthy 02 05 High profitability Effective expense side control Resilient financing revenues from current operations 03 06 Significant credit gro
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 1.47% (4) (1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of th eir work
Slide 16: Key Balance Sheet Items (NIS mil)
Key Balance Sheet Items (NIS mil) 2025 2024 Cash and deposits with banks 82,849 82,644 Securities 47,903 28,491 Credit to the public 400,501 357,981 Deposits from the public 448,397 393,383 Shareholders equity 34,765 31,292 Total balance sheet 551,173 485,643 People First 16
Slide 17: Key Profit and Loss Items (NIS mil)
Key Profit and Loss Items (NIS mil) 2025 2024 Interest revenues, net 11,727 11,814 Non interest financing revenues (expenses) 387 574 Commissions and other revenues 2,474 2,333 Total revenues 14,588 14,721 Salaries and related expenses 3,348 3,431 Maintenance and depreciation 1,081 992 Other expense
Slide 18: People First
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