First International Bank of Israel Reports Financial Results for the Third Quarter of 2025

Rhea-AI Summary

First International Bank of Israel (TASE: FBKIF) reported third-quarter 2025 results showing continued growth, high profitability, and a strong capital base. Q3 net income was NIS 581 million (NIS 624m excluding CAL losses) with ROE 16.2% (17.4% excl. CAL). Nine‑month net income was NIS 1,748 million and total revenues rose 6% to NIS 5,337 million. Key balance-sheet moves: customer assets +34.4% YoY to NIS 1.074 trillion, gross credit +11.9% YoY to NIS 141.4 billion, and deposits +9.4% YoY to NIS 233 billion. Equity rose 11.3% to NIS 14,543 million and Tier 1 ratio stood at 11.39%. The Board approved an NIS 436 million cash dividend.

Positive

• Customer assets +34.4% year‑over‑year to NIS 1.074 trillion
• Gross credit to public +11.9% year‑over‑year to NIS 141.4 billion
• Deposits from public +9.4% year‑over‑year to NIS 233 billion
• Equity attributable to shareholders +11.3% to NIS 14,543 million
• Fees +17.5% year‑over‑year to NIS 1,320 million (9M)

Negative

• Q3 net income down 6.3% year‑over‑year to NIS 581 million
• Tier 1 capital ratio 11.39%, only 2.16% above requirement
• Effective tax rate rose to 39.0% from 36.3% (9M)

TEL AVIV, Israel, Nov. 17, 2025 /PRNewswire/ -- First International Bank of Israel (TASE: FIBI) one of Israel's major banking groups, today announced its results for the third quarter of 2025. Statements reflect accelerated growth and high profitability while maintaining financial strength

Financial Highlights

• Net income for the first nine months of the year: NIS 1,748 million. Return on Equity (ROE): 16.9%
• Net income for the third quarter of 2025: NIS 581 million. Return on Equity (ROE): 16.2%
• Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE
• Total revenues for the first nine months of the year went up 6% from the prior-year period
• Customer assets went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion
• Gross credit to the public went up 11.9% from the prior-year period, and up 3.4% in the third quarter of the year
• Deposits from the public went up 9.4% from the prior-year period, and up 3.5% in the third quarter of the year
• The equity attributable to the Bank's shareholders totaled NIS 14,543 million, up 11.3% from the prior-year period
• Tier 1 capital ratio: 11.39%
• The Bank's Board of Directors decided to approve an NIS 436 million dividend distribution, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable profits

Third Quarter and nine month 2025 Results Summary

The FIBI Group's net income for the first nine months of the year totaled NIS 1,748 million, down 2.8% from the prior-year period. The ROE reached 16.9%.
Net income for the third quarter of 2025 totaled NIS 581 million, down 6.3% from the same quarter last year. ROE reached 16.2%.
Income was affected by nonrecurring losses at CAL; excluding these losses, net income for the third quarter totals NIS 624 million, with a 17.4% ROE.

Total revenues for the first nine months of the year went up 6% from the prior-year period, totaling NIS 5,337 million.
Fee income in the first nine months of the year went up 17.5% from the prior-year period, totaling NIS 1,320 million. Fee income for the third quarter went up 16.4% from the same quarter last year.

Gross credit to the public totaled NIS 141.4 billion, up 11.9% from the prior-year period, and up 3.4% from the second quarter of the year.
Deposits from the public totaled NIS 233 billion, up 9.4% from the prior-year period, and a 3.5% increase compared to the second quarter of the year.
The total customer asset portfolio went up 34.4% from the prior-year period and up 5.8% in the third quarter, totaling NIS 1.074 trillion.

The equity attributable to the Bank's shareholders went up to NIS 14,543 million, reflecting a 11.3% growth rate compared to the prior-year period. The Tier 1 capital ratio is 11.39%, which exceeds the regulatory capital requirement by 2.16% and facilitates the continued growth of the Group's operations. 

High-quality loan portfolio: the non-performing loan (NPL) ratio (the rate of non-accruing loans or loans that are 90 or more days past due out of the total credit to the public) is 0.46%, compared to 0.57% for the prior-year period.

Operating and other expenses for the first nine months of the year totaled NIS 2,383 million. The efficiency ratio was 44.7% for the first nine months of the year and 43.7% for the third quarter of 2025.

The provision for income taxes for the first nine months of the year went up to NIS 1,157 million, compared to NIS 1,033 million for the prior-year period, and the effective tax rate was 39.0%, compared to 36.3% for the prior-year period. The tax rate increase mainly stems from income attributed to previous years for the prior-year period and an increase in the special fee applicable to banks.
The Bank's Board of Directors decided to approve an NIS 436 million cash dividend distribution to the shareholders, comprising 50% of the net income for the third quarter and an additional amount out of the remaining distributable income. The Board of Directors will continue to discuss the implementation of the Bank's dividend distribution policy in light of recent developments and their impact on the economy and on the Bank.

Management Comment 

Eli Cohen, CEO of the First International Bank of Israel: "The First International Bank's results for the third quarter reflect resilience and strength, as well as our ability to deliver continued rapid growth in our core strategic focus areas: deposits and customer assets have grown rapidly, surpassing NIS 1 trillion, and the loan portfolio continues to grow while maintaining high quality of credit and a balanced risk profile.

"There is a great sense of optimism in the air as we celebrate the return of the living hostages and the progress on the ceasefire agreement.  The economy has remained stable during the protracted and costly war, primarily because the country entered the conflict in strong condition following two decades of growth, with a thriving high-tech sector, a consistently declining debt-to-GDP ratio, a robust financial system, and substantial foreign currency reserves. 

"The Israeli economy is now at an inflection point with potential for growth, especially noting the possibility of expanding the regional Abraham Accords. The situation remains fragile, and we must act responsibly so that the country and the economy successfully navigate the coming challenges as we continue to make progress toward resuming growth.

"I would like to thank the Bank's employees for their tireless dedication during these difficult times, and for their unwavering loyalty, professionalism, and commitment to the Bank and its customers, and to express hope for the return of the remaining fallen hostages to home to Israel for proper burial."

CONDENSED PRINCIPAL FINANCIAL INFORMATION AND PRINCIPAL EXECUTION INDICES

Principal execution indices

		For the three months ended September 30,				For the nine months ended September 30,				For the year ended December 31,
		2025		2024		2025		2024		2024
										in %
Return on equity attributed to shareholders of the Bank(1)		16.2		19.4		16.9		19.4		19.0
Return on average assets(1)		0.88		1.05		0.90		1.05		1.02
Ratio of total income to average assets(1)		2.8		3.1		2.8		2.9		2.9
Ratio of interest income, net to average assets(1)		2.0		2.1		1.9		2.1		2.0
Ratio of fees to average assets(1)		0.7		0.7		0.7		0.7		0.7
Efficiency ratio		43.7		42.8		44.7		44.5		44.1

 

		As of September 30,				As of December 31,
		2025		2024		2024
						in %
Ratio of tier 1 equity capital		11.39		11.41		11.31
Leverage ratio		5.19		5.17		5.18
Liquidity coverage ratio(3)		131		171		165
Net stable funding ratio		127		142		140

 

Principal credit quality indices

		For the three months ended September 30,				For the nine months ended September 30,				For the year ended December 31,
		2025		2024		2025		2024		2024
										in %
Ratio of provision for credit losses to credit to the public		1.15		1.29		1.15		1.29		1.25
Ratio of total provision for credit losses(2) to credit to the public		1.29		1.41		1.29		1.41		1.38
Ratio of non-accruing debts or in arrears of 90 days or more to credit to the public		0.46		0.57		0.46		0.57		0.53
Ratio of provision for credit losses to total non-accruing credit to the public		256.2		230.5		256.2		230.5		244.6
Ratio of net write-offs to average total credit to the public(1)		(0.01)		(0.01)		(0.03)		(0.06)		(0.04)
Ratio of expenses (income) for credit losses to average total credit to the public(1)		0.05		0.07		(0.01)		(0.06)		(0.01)

 

Principal data from the statement of income

		For the three months ended September 30,				For the nine months ended September 30,
		2025		2024		2025		2024
								NIS million
Net profit attributed to shareholders of the Bank		581		620		1,748		1,798
Interest Income, net		1,290		1,265		3,734		3,601
Expenses (income) from credit losses		17		22		(10)		(51)
Total non-Interest income		538		552		1,603		1,436
Of which:    Fees		461		396		1,320		1,123
Total operating and other expenses		798		777		2,383		2,240
Of which:    Salaries and related expenses		438		*435		1,340		*1,317
Primary and diluted net profit per share of NIS 0.05 par value (NIS)		5.79		6.18		17.42		17.92

 

Principal data from the balance sheet

		30.9.25		30.9.24		31.12.24
						NIS million
Total assets		269,499		242,512		248,563
of which:   Cash and deposits with banks		81,921		81,440		77,175
Securities		37,995		28,860		34,396
Credit to the public, net		139,808		124,749		129,416
Total liabilities		254,273		228,823		234,479
of which:   Deposits from the public		233,020		212,907		214,755
Deposits from banks		1,730		2,631		2,508
Bonds and subordinated capital notes		5,836		4,474		4,479
Capital attributed to the shareholders of the Bank		14,543		13,066		13,430

 

Additional data

		30.9.25		30.9.24		31.12.24
						0.01 NIS
Share price		23,710		15,410		17,940
Dividend per share		757		739		986

^{*       Reclassified.
(1)    Annualized.
(2)    Including provision in respect of off-balance sheet credit instruments.
(3)    The ratio is computed in respect of the three months ended at the end of the reporting period.}

 

CONSOLIDATED STATEMENT OF INCOME
(NIS million)

		For the three months ended September 30				For the nine months ended September 30				For the year Ended December 31
		2025		2024		2025		2024		2024
		(unaudited)		(unaudited)		(unaudited)		(unaudited)		(audited)
Interest Income		3,120		2,955		8,942		8,410		11,097
Interest Expenses		1,830		1,690		5,208		4,809		6,357
Interest Income, net		1,290		1,265		3,734		3,601		4,740
Expenses (income) from credit losses		17		22		(10)		(51)		(16)
Net Interest Income after income from credit losses		1,273		1,243		3,744		3,652		4,756
Non- Interest Income
Non-Interest Financing income		70		153		275		300		432
Fees		461		396		1,320		1,123		1,553
Other income		7		3		8		13		21
Total non- Interest income		538		552		1,603		1,436		2,006
Operating and other expenses
Salaries and related expenses		438		*435		1,340		*1,317		1,739
Maintenance and depreciation of premises and equipment		85		*116		251		*279		359
Amortizations and impairment of intangible assets		37		36		108		99		134
Other expenses		238		190		684		545		745
Total operating and other expenses		798		777		2,383		2,240		2,977
Profit before taxes		1,013		1,018		2,964		2,848		3,785
Provision for taxes on profit		387		390		1,157		1,033		1,383
Profit after taxes		626		628		1,807		1,815		2,402
The bank's share in profit (loss) of equity-basis investee, after taxes		(15)		22		23		62		74
Net profit:
Before attribution to non‑controlling interests		611		650		1,830		1,877		2,476
Attributed to non‑controlling interests		(30)		(30)		(82)		(79)		(105)
Attributed to shareholders of the Bank		581		620		1,748		1,798		2,371
		NIS
Primary profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value		5.79		6.18		17.42		17.92		23.63
Diluted profit per share attributed to the shareholders of the Bank
Net profit per share of NIS 0.05 par value		5.79		6.18		17.42		17.92		23.63

^{*          Reclassified.}

 

STATEMENT OF COMPREHENSIVE INCOME
(NIS million)

		For the three months ended September 30				For the nine months ended September 30				For the year Ended December 31
		2025		2024		2025		2024		2024
		(unaudited)		(unaudited)		(unaudited)		(unaudited)		(audited)
Net profit before attribution to non‑controlling interests		611		650		1,830		1,877		2,476
Net profit attributed to non‑controlling interests		(30)		(30)		(82)		(79)		(105)
Net profit attributed to the shareholders of the Bank		581		620		1,748		1,798		2,371
Other comprehensive income (loss) before taxes:
Adjustments of available for sale bonds to fair value, net		39		129		203		(115)		31
Adjustments of liabilities in respect of employee benefits(1)		(1)		(2)		8		10		(60)
Other comprehensive income (loss) before taxes		38		127		211		(105)		(29)
Related tax effect		(16)		(49)		(83)		41		9
Other comprehensive income (loss) before attribution to non‑controlling interests, after taxes		22		78		128		(64)		(20)
Less other comprehensive income (loss) attributed to non‑controlling interests		-		3		6		(2)		3
Other comprehensive income (loss) attributed to the shareholders of the Bank, after taxes		22		75		122		(62)		(23)
Comprehensive income before attribution to non‑controlling interests		633		728		1,958		1,813		2,456
Comprehensive income attributed to non‑controlling interests		(30)		(33)		(88)		(77)		(108)
Comprehensive income attributed to the shareholders of the Bank		603		695		1,870		1,736		2,348

^{(1)    Mostly reflects adjustments in respect of actuarial assessments as of the end of the period regarding defined benefits pension plans and deduction of amounts recorded in the past in other comprehensive income.}

 

CONSOLIDATED BALANCE SHEET
(NIS million)

		September 30,				December 31,
		2025		2024		2024
		(unaudited)		(unaudited)		(audited)
Assets
Cash and deposits with banks		81,921		81,440		77,175
Securities		37,995		28,860		34,396
Securities borrowed or purchased under agreements to repurchase		184		147		70
Credit to the public		141,432		126,374		131,050
Provision for Credit losses		(1,624)		(1,625)		(1,634)
Credit to the public, net		139,808		124,749		129,416
Credit to the government		1,466		1,611		1,496
Investment in investee company		862		854		842
Buildings and equipment		865		852		867
Intangible assets		362		350		363
Assets in respect of derivative instruments		4,131		2,308		2,565
Other assets(2)		1,905		1,341		1,373
Total assets		269,499		242,512		248,563
Liabilities and Capital
Deposits from the public		233,020		212,907		214,755
Deposits from banks		1,730		2,631		2,508
Deposits from the Government		934		689		2,540
Securities lent or sold under agreements to repurchase		3,623		1,542		2,304
Bonds and subordinated capital notes		5,836		4,474		4,479
Liabilities in respect of derivative instruments		4,520		2,086		2,729
Other liabilities(1)(3)		4,610		4,494		5,164
Total liabilities		254,273		228,823		234,479
Shareholders' equity		14,543		13,066		13,430
Non-controlling interests		683		623		654
Total capital		15,226		13,689		14,084
Total liabilities and capital		269,499		242,512		248,563

^{(1)    Of which: provision for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 207 million and NIS 160 million and NIS 177 million at 30.9.25, 30.9.24 and 31.12.24, respectively.
(2)    Of which: other assets measured at fair value in the amount of NIS 12 million and NIS 16 million and NIS 1 million at 30.9.25, 30.9.24 and 31.12.24, respectively.
(3)    Of which: other liabilities measured at fair value in the amount of NIS 12 million and NIS 48 million and NIS 1 million at 30.9.25, 30.9.24 and 31.12.24, respectively.}

 

STATEMENT OF CHANGES IN EQUITY
(NIS million)

		For the three months ended September 30, 2025 (unaudited)
		Share capital and premium (1)		Capital reserves from benefit due to share-based payment transactions		Total capital and capital reserves		Accumulated other comprehensive income (loss)		Retained earnings (2)		Total		Non- controlling interests		Total capital
Balance as of June 30, 2025		927		1		928		(78)		13,408		14,258		712		14,970
Net profit for the period		-		-		-		-		581		581		30		611
Dividend		-		-		-		-		(319)		(319)		(59)		(378)
Benefit due to share-based payment transactions		-		1		1		-		-		1		-		1
Other comprehensive income, after tax effect		-		-		-		22		-		22		-		22
Balance as of September 30, 2025		927		2		929		(56)		13,670		14,543		683		15,226

 

		For the three months ended September 30, 2024 (unaudited)
		Share capital and premium (1)		Accumulated other comprehensive income (loss)		Retained earnings (2)		Total		Non- controlling interests		Total capital
Balance as of June 30, 2024		927		(292)		11,980		12,615		590		13,205
Net profit for the period		-		-		620		620		30		650
Dividend		-		-		(244)		(244)		-		(244)
Other comprehensive income, after tax effect		-		75		-		75		3		78
Balance as of September 30, 2024		927		(217)		12,356		13,066		623		13,689

 

		For the nine months ended September 30, 2025 (unaudited)
		Share capital and premium (1)		Capital reserves from benefit due to share-based payment transactions		Total capital and capital reserves		Accumulated other comprehensive income (loss)		Retained earnings (2)		Total		Non- controlling interests		Total capital
Balance as of December 31, 2024 (audited)		927		-		927		(178)		12,681		13,430		654		14,084
Net profit for the period		-		-		-		-		1,748		1,748		82		1,830
Dividend		-		-		-		-		(759)		(759)		(59)		(818)
Benefit due to share-based payment transactions		-		2		2		-		-		2		-		2
Other comprehensive income, after tax effect		-		-		-		122		-		122		6		128
Balance as of September 30, 2025		927		2		929		(56)		13,670		14,543		683		15,226

 

		For the nine months ended September 30, 2024 (unaudited)
		Share capital and premium (1)		Accumulated other comprehensive loss		Retained earnings (2)		Total		Non- controlling interests		Total capital
Balance as at December 31, 2023 (audited)		927		(155)		11,299		12,071		575		12,646
Net profit for the period		-		-		1,798		1,798		79		1,877
Dividend		-		-		(741)		(741)		(29)		(770)
Other comprehensive loss, after tax effect		-		(62)		-		(62)		(2)		(64)
Balance as of September 30, 2024		927		(217)		12,356		13,066		623		13,689

 

STATEMENT OF CHANGES IN EQUITY (CONT'D)
(NIS million)

		For the year ended December 31, 2024 (audited)
		Share capital and premium (1)		Accumulated other comprehensive loss		Retained earnings (2)		Total		Non- controlling interests		Total capital
Balance as of December 31, 2023		927		(155)		11,299		12,071		575		12,646
Net profit for the period		-		-		2,371		2,371		105		2,476
Dividend		-		-		(989)		(989)		(29)		(1,018)
Other comprehensive income (loss), after tax effect		-		(23)		-		(23)		3		(20)
Balance as of December 31, 2024		927		(178)		12,681		13,430		654		14,084

^{(1)    Including share premium of NIS 313 million (as from 1992 onwards).
(2)    Including an amount of NIS 2,391 million which cannot be distributed as dividend.}

Contact:

Dafna Zucker
First International Bank of Israel
zucker.d@fibi.co.i
+972-3-519-6224

 

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SOURCE First International Bank of Israel

FAQ

What were First International Bank of Israel (FBKIF) Q3 2025 net income and ROE?

Q3 2025 net income was NIS 581 million with ROE 16.2% (NIS 624m and 17.4% ROE excluding CAL losses).

How much did FBKIF customer assets grow by Q3 2025 and what is the total?

Customer assets rose 34.4% YoY and totaled NIS 1.074 trillion at September 30, 2025.

What dividend did First International Bank of Israel (FBKIF) approve on Nov 17, 2025?

The Board approved a NIS 436 million cash dividend, equal to 50% of Q3 net income plus an additional distributable amount.

How did FBKIF's loan book and deposits change in Q3 2025?

Gross credit to the public increased 11.9% YoY and 3.4% QoQ; deposits rose 9.4% YoY and 3.5% QoQ.

What is FBKIF's Tier 1 capital ratio and liquidity coverage at Sept 30, 2025?

Tier 1 capital ratio was 11.39% and liquidity coverage ratio was 131% at September 30, 2025.

Why was FBKIF's effective tax rate higher in 9M 2025?

The effective tax rate rose to 39.0% mainly due to prior‑year income attribution and an increased special bank fee.