#Israel #Tel Aviv #First International Bank #FIBI #Q3 2026

Financial Performance Summary of First International Bank of Israel

On November 11, 2026, First International Bank of Israel (TASE: FIBI), a leading financial institution in Israel, released its financial results for the third quarter of 2026. The figures show a general trend of growth and profitability, demonstrating the bank's resilience amid challenging economic conditions. The bank's strategies for managing risks and maintaining financial stability have proven effective, as reflected in their latest quarterly report.

Key Financial Highlights

• - Net Income: The net income for the first nine months of 2026 stood at NIS 1,571 million, resulting in a return on equity (ROE) of 14.3%. Excluding the special tax levy, the ROE climbed to 15.9%.
• - Quarterly Performance: In Q3 2026 alone, the bank recorded a net income of NIS 508 million, equating to a ROE of 13.8%, which rises to 15.3% after adjusting for the special tax levy.
• - Credit Growth: Overall credit to the public surged by 21.9% compared to the same period the previous year, with a 5% uptick since the conclusion of Q2 2026. The bank successfully expanded its lending operations, making it a prominent source of credit in Israel's financial landscape.
• - Customer Assets: The assets managed by customers grew by 16.9%, totaling NIS 1.26 trillion, showcasing clients' trust in the bank's financial capabilities.
• - Shareholder Equity: The equity attributed to shareholders reached NIS 14.5 billion, alongside a robust Tier 1 shareholders' equity ratio of 10.28%, exceeding regulatory requirements and enabling further growth.

As part of its commitment to delivering value to shareholders, the bank's board has approved a dividend distribution of NIS 254 million, representing 50% of the quarterly net income. The dividend yield stands at an attractive 7.3%, positioning the bank favorably within the wider banking sector.

Challenges and Opportunities

Despite the favorable results, the bank experienced a 10.1% decline in net income compared to the previous year. This reduction highlights the ongoing challenges posed by macroeconomic factors, including fluctuations in interest rates and currency exchange rates that have impacted overall revenues, totaling NIS 5,085 million over the first nine months of 2026, down 4.7% from the previous year.

Eli Cohen, CEO of First International Bank, remarked, "We are operating in a complex environment marked by uncertainty and economic shifts. Nonetheless, the bank has succeeded in maintaining financial stability, achieving double-digit growth in credit, and expanding customer assets." This perseverance illustrates the bank's commitment to navigating economic hurdles through effective management and strategic planning.

Continued Growth with Quality Focus

In terms of credit quality, the bank has reported a 23.6% reduction in credit risk year-on-year, with an improved NPL (Non-Performing Loans) ratio of 0.37%, down from 0.46% at the end of 2025. This achievement indicates a strong operational focus on maintaining high-quality assets within the bank’s lending portfolio.

While total operating expenses have risen by 2.0% to NIS 2,431 million, the increase primarily stems from expanding operations within capital markets and enhancing revenue-generating activities. The bank's efficiency ratio sits at 47.8% for the first nine months of 2026, showing a solid operational performance despite the rising costs.

The First International Bank continues to thrive amidst uncertainties, ensuring a strong service orientation and professionalism while leveraging modern AI capabilities in their investment products. The insights from the latest quarterly results underline the bank's strategic positioning and readiness to adapt to future challenges while pursuing growth opportunities.

Conclusion

The Q3 2026 financial report from First International Bank of Israel encapsulates a solid performance overall, reflecting both resilience and potential for sustainable growth. With strategic management practices and a commitment to customer satisfaction, the bank stands as a key player in the Israeli banking sector, prepared to navigate further complexities in the economic landscape.