Israel · Delayed Price · Currency is ILS · Price in ILA Bank Leumi le-Israel B.M. Earnings Call Transcripts
Fiscal Year 2026
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Record net income and efficiency ratio were achieved, with strong credit growth and robust asset quality. Dividend and buyback totaled ILS 1.4 billion, while excess capital and disciplined risk management position the bank for continued growth.
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Record Q1 net income of ILS 2.3B and 13.6% ROE, with strong credit and deposit growth, robust efficiency, and a 55% payout ratio. Strategic focus on infrastructure, AI, and disciplined risk management positions for continued outperformance.
Fiscal Year 2025
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Record net income and ROE were achieved in 2025, with strong loan growth and improved efficiency. Capital returns and dividend yield were high, supported by robust credit quality and digital transformation. Outlook for 2026-2027 remains positive, with continued focus on infrastructure and technology.
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Q3 2025 saw strong net profit, improved efficiency, and robust credit quality, with ROE at 16.3%. Capital return was high, and the bank remains on track for 2025-2026 targets, supported by stable macro conditions and disciplined cost control.
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Q2 net profit was ILS 2.6 billion, with 16.2% ROE and a 26.9% cost-income ratio. Strong lending growth and improved credit quality supported results, while geopolitical uncertainty remained a risk.
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Q1 2025 saw strong profit growth, high ROE, and robust credit quality, with net income up 12% year-on-year and fee income rising 9%. Capital ratios remain sector-leading, and payout is set to increase when permitted. Geopolitical risks continue to limit dividend flexibility.
Fiscal Year 2024
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Record 2024 results with net income of ILS 9.8B and ROE of 16.9%, driven by strong credit quality, cost efficiency, and growth in mortgages and deposits. Outlook for 2025-26 targets ROE of 15-16%, 8-10% credit growth, and at least 50% capital return.
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Q3 2024 delivered strong profits, robust credit quality, and improved cost efficiency, with net income of ILS 2.3 billion and ROE of 15.5%. Capital ratios remain high, and management anticipates further growth and capital returns once geopolitical risks subside.
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Q2 2024 delivered strong net income and improved credit quality, with ROE at 15.9% and a cost-income ratio of 28.7%. Capital returns exceeded NIS 2 billion for H1, while robust capital ratios and low credit losses position the bank well despite ongoing geopolitical risks.