Bank Hapoalim (TASE: POLI, OTC: BKHPF) reported 2Q26 net profit of NIS 2,488 million, up from NIS 2,124 million in 1Q26, with return on equity of 15.0%. First-half 2026 net profit was NIS 4,612 million, reflecting 14.0% ROE. Total income rose 19.8% quarter-on-quarter, driven by a 23.8% increase in financing income and 2.7% growth in fee income, while total expenses were flat, improving the cost-income ratio to 30.6%.
Net credit to the public grew 14.3% year-on-year to NIS 536.2 billion, with broad-based growth across corporate, commercial, housing, small business, and consumer segments. Credit quality remained strong, with an NPL ratio of 0.50% and coverage of 284%. The CET1 capital ratio reached 11.83%, above regulatory and internal minima. The board approved distribution of 50% of net profit, including a NIS 995 million cash dividend (NIS 0.76 per share) and NIS 249 million in share buybacks, and reaffirmed 2026–2027 targets for net profit, ROE, credit growth, and 50%–60% payout.
Bank Hapoalim (OTC:BKHPF) reported first quarter 2026 results showing net profit of NIS 2,124 million and ROE of 13.0%, despite a special banks tax that reduced ROE by 130–140 bps annually.
Credit grew 3.3% QoQ and 14.0% YoY; the NPL ratio fell to 0.44% with 330% coverage. Credit loss expenses were 0.03%. The Board approved a 50% payout: NIS 850 million dividend (NIS 0.65 per share) and NIS 212 million in buybacks.
Income from regular financing activity rose 2% QoQ; the financial margin edged up to 2.44%. Fee income increased 0.5% QoQ and 5.3% YoY. Expenses declined 10.3% QoQ (1.6% excluding a Q4 2025 one-off), with a cost-income ratio of 36.6%.
Net credit to the public reached NIS 519 billion and deposits NIS 603 billion. The CET1 ratio was 11.71%, above regulatory and internal targets, and LCR stood at 128%. The allowance for credit losses totaled NIS 8.9 billion, 1.68% of total credit.
Bank Hapoalim (ADR: BKHYY) reported a net profit of NIS 1.35 billion for Q1 2021, a significant increase from NIS 192 million in the same quarter last year. The return on equity soared to 14.2%, bolstered by a strong underlying business and improved economic conditions. The bank's CET1 capital ratio stands at 11.67%, exceeding regulatory requirements. Credit portfolio growth was 1.4%, with notable increases in commercial and housing loans. Total deposits rose 4.6% from the previous year. However, fee income declined 5.3% year-on-year due to lower activity in capital markets.
Bank Hapoalim (ADR: BKHYY) reported a net profit of NIS 2,056 million for 2020, a 14.3% increase from 2019, with a return on equity of 5.3%. The bank's quarterly net profit for Q4 2020 was NIS 915 million, showing a return on equity of 9.6%. Shareholders' equity rose 4.4% to NIS 39.9 billion, while the CET1 capital ratio stood at 11.52%. Provisions for credit losses increased to NIS 1,943 million due to COVID-19 impacts. The loan book grew 3% year-on-year, with significant increases in mortgage and commercial credits.