Welcome to our dedicated page for Bank Leumi news (Ticker: BLMIF), a resource for investors and traders seeking the latest updates and insights on Bank Leumi stock.
Bank Leumi le-Israel (BLMIF) is tied to Bank Leumi, a commercial bank that regularly publishes detailed financial and operational updates. On this news page, readers can follow Bank Leumi’s public announcements, which cover quarterly and annual results, capital markets activity and the bank’s response to economic and geopolitical conditions in Israel.
Recent news releases focus on net income, return on equity, efficiency ratios and growth in key balance sheet items such as net credit to the public, housing loans, corporate credit and deposits by the public. Bank Leumi also reports on loan portfolio quality, highlighting low non‑performing loans and troubled debt ratios, and explains its collective loan loss provisions in light of ongoing uncertainty.
Another recurring theme in the bank’s news flow is capital strength and shareholder distributions. The bank discloses common equity Tier 1 and total capital ratios, leverage and liquidity coverage ratios, while also announcing cash dividends and share buyback programs, often expressed as a percentage of net income. It has also communicated financial targets for 2025–2026, including goals for net income, return on equity, capital return and loan portfolio growth.
Bank Leumi’s news items describe a wide range of relief measures and social initiatives linked to war‑time conditions, such as benefits for IDF reservists, business owners, self‑employed customers and residents of southern and northern confrontation lines. The bank details exemptions and reductions on loan and mortgage payments, interest relief on overdrafts, grants and donations, as well as projects like multi‑year assistance to Kibbutz Be'eri, support for farmers through the "National Harvest" project, education support via the "Leumi Matriculation" initiative and the "Bank Leumi Wedding Project" for reservist couples.
Capital markets updates also appear in the news, including announcements of conference calls and webcasts for analysts and investors, and the timing of quarterly and annual results releases. One notable item describes Bank Leumi’s issuance of covered bonds abroad, which it presents as the first such issuance by an Israeli bank to foreign investors, backed by a mortgage portfolio and rated above the State of Israel’s most recent bond issuance.
Investors and observers who want to follow developments related to BLMIF can use this page to review Bank Leumi’s earnings announcements, capital actions, loan portfolio trends, relief programs and capital markets transactions as they are reported in official news releases.
Bank Leumi (TASE: LUMI) has announced it will release its Third Quarter 2024 Financial Results on Tuesday, November 19, 2024. The company will host a conference call for analysts and investors on the same day at 5 PM (Israel), 3 PM (UK), and 10 AM (ET). The call will be hosted by Ms. Hagit Argov, Head of the Finance Division, and Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division. A presentation will be available on the Israeli Securities Authority reporting website and Leumi website, with an archived recording available one business day after the results publication.
Bank Leumi reported Q2 2024 net income of NIS 2.3 billion ($612 million) with a return on equity of 16%. Excluding a deduction related to Valley National Bank investment, ROE was 20.2%. The bank declared a dividend of NIS 908 million ($242 million), representing 40% of quarterly net income. Key highlights:
- Efficiency ratio improved to 28.7%
- Deposits grew 8.8% year-over-year
- Loan portfolio increased 5.9% year-over-year
- NPL ratio low at 0.56%
- Strong capital ratios: CET1 at 12.04%, total capital ratio at 15.04%
- Liquidity coverage ratio of 130%
The bank implemented relief programs and donations totaling NIS 554 million ($147 million) to support customers affected by the ongoing war.
Bank Leumi (TASE: LUMI) has announced the release of its Second Quarter 2024 Financial Results on August 14, 2024. A conference call for analysts and investors will be held on the same day at 5 PM (Israel); 3 PM (UK); 10 AM (ET) to discuss the results. Ms. Hagit Argov, Head of the Finance Division, will host the call along with Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, followed by a Q&A session.
Participants can access the call using provided phone numbers for various locations. A presentation will be published on the Israeli Securities Authority reporting website (MAGNA) and the Leumi website under Investor Relations. An archived recording of the webcast will be available on the Leumi website one business day after the publication of results.
Bank Leumi reported a net income of NIS 2.8 billion ($761 million) for Q1 2024, a significant increase from NIS 981 million ($267 million) in the same period last year. The bank's return on equity for the quarter was 20.2%, up from 7.8% last year. A cash dividend of NIS 835 million ($227 million) and a share buyback plan totaling NIS 1 billion ($272 million) were announced, amounting to 40% of the net income.
Leumi's deposits rose by 11.8%, and the loan portfolio increased by 2.2%. The bank maintains a strong efficiency ratio of 29%. A one-off capital gain of NIS 632 million ($172 million) was recorded from the sale of its Tel Aviv HQ. Key financial indicators include a liquidity coverage ratio of 133% and a Tier 1 capital ratio of 11.98%.
The bank's NPL ratio stands at 0.65%, one of the lowest in the sector. Relief programs and donations amounting to NIS 440 million ($120 million) were provided due to the war, impacting various sectors and individuals.
Bank Leumi (TASE: LUMI) will release its First Quarter 2024 Financial Results on May 28, 2024. A conference call for analysts and investors is scheduled for the same day at 5 PM (Israel); 3 PM (UK); and 10 AM (ET). The call will be hosted by Ms. Hagit Argov, Head of the Finance Division, and Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division.
Participants can join the call using specific phone numbers provided for Israel, the UK, the US, Canada, and other locations. The presentation used during the call will be published on both the Israeli Securities Authority reporting website (MAGNA) and the Leumi website. An archived recording of the webcast will be available one business day after the results are published.
For more details, visit the investor relations page on the Leumi website or contact Michael Klahr, VP, Head of Investor Relations.
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