First International Bank Of Israel, IL0005930388

First International Bank stock: Q3 profit drops 12.6% as credit expands

Published on 11/12/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First International Bank stock reported stronger lending and approved a quarterly dividend. Credit quality improved despite lower earnings.

Key Q3 developments

Credit to the public expanded strongly, while quarterly earnings declined year over year.
The board approved a dividend equal to half of third-quarter net income.
Lower non-performing loans and capital above the regulatory requirement support continued balance-sheet growth.

First International Bank Of Israel, IL0005930388, Illustration mit AI erstellt.

First International Bank of Israel reported third-quarter results on Wednesday, November 11, covering the period ended September 30, 2026. The company announcement carried by Financial Times showed a mixed quarter: lending and customer assets grew, but net income declined from the year-earlier period.

Growth continues as profit pressure persists

Net income attributable to shareholders was NIS 508 million in the third quarter, down from NIS 581 million a year earlier. Return on equity reached 13.8%, or 15.3% excluding the special tax levy imposed on the bank in 2026.

Credit to the public increased 21.9% year over year to NIS 172.4 billion and rose 5.0% from the end of the second quarter. Customer assets grew 16.9% year over year to NIS 1.26 trillion, while deposits from the public reached NIS 243.8 billion.

Dividend and credit quality in focus

The board approved a cash dividend of NIS 254 million, equal to 50% of third-quarter net income. The company announcement gave a dividend yield of 7.3% as of September 30, 2026.

Credit-quality indicators improved. The ratio of non-accruing loans or loans at least 90 days overdue to public credit fell to 0.37% from 0.46% at the end of 2025. The Tier 1 shareholders' equity ratio stood at 10.28%, which the company said was one percentage point above the regulatory requirement.

What investors should monitor

For investors, the results highlight the trade-off between rapid credit expansion and weaker reported profitability. Net income for the first nine months fell 10.1% year over year to NIS 1.571 billion, while fees rose 6.1% to NIS 1.4 billion.

First International Bank of Israel

Company: First International Bank of Israel Ltd
ISIN: IL0005930388
Trading venue: Tel Aviv Stock Exchange
Reporting period: Third quarter and nine months ended September 30, 2026
Quarterly net income: NIS 508 million
Quarterly dividend: NIS 254 million

Israel's broader equity market provides the regional backdrop for the bank's shares through the TA-35 index.

Further disclosures on lending, asset quality and capital allocation will remain central to the investment case. More news and analyses on First International Bank stock.