financial Reports 2nd Quarter-2026
Net profit in the first half of 2026: NIS 2.67 billion •
Compared to NIS 2.74 billion in the corresponding half last year
Return on equity in the first half: 15.0%
Net profit in the second quarter of 2026: NIS 1.43 billion ••
Compared to NIS 1.45 billion in the corresponding quarter last year
Return on equity in the second quarter: 16.0%
Loans to the public as of June 30, 2026: NIS 423.7 billion
Compared to NIS 376.7 billion in the corresponding period last year
A 12.5% increase
Deposits from the public as of June 30, 2026: NIS 474.4 billion
Compared to NIS 417.4 billion in the corresponding period last year
A 13.7% increase
Cost-Income Ratio in the second quarter: 33.9%
A dividend of NIS 714 million will be distributed - 50% of the second quarter’s profit
• Net profit in the first half, net of the effect of the special tax outline for 2026 and benefits to customers under the voluntary benefits outline (NIS 366 million net): NIS 3.03 billion.
Return on equity: 17.0%
•• Net profit in the second quarter net of the abovementioned effects (NIS 164 million net): NIS 1.59 billion.
Return on equity: 17.7%
Maintaining the Bank’s growth momentum
The results for the second quarter of 2026 reflect the Bank's success in maintaining its growth momentum while substantially expanding its activity volumes across its various segments.
This accelerated growth is reflected in most balance sheet line items, which have grown significantly in the second quarter compared to the second quarter of 2025: Loans to the public increased by 12.5%, deposits from the public increased by 13.7%, and total assets increased by 12.3%.
Alongside a 8.7% growth in the residential mortgages portfolio compared to the corresponding quarter last year, while maintaining industry leadership, the increase in credit to the business segments stands out favorably.
In total, the Bank’s business credit portfolio in the second quarter surged by 20.9%, compared to the corresponding quarter in 2025, with credit to large businesses increasing by 21.7% and credit to medium-sized businesses increasing by 28.4%.
The impressive growth in the Bank’s business credit is consistent with one of the key targets of the strategic plan for 2025-2027, which was launched by the Bank last year; it is the result of a continuous improvement in its competitive edge and its growing involvement in significant transactions in general, and in national infrastructure transactions in particular.
Upgrading the payment platforms and the value propositions to customers
In accordance with Mizrahi-Tefahot's unique approach to human and personalized service, and driven by a desire to generate real value for the Bank's customers, the Bank continues to upgrade its payment platforms in general, and its credit card activity in particular, for the benefit of its customers.
During the second quarter of the year, the Bank signed new collaboration agreements for the forthcoming years with the two credit card companies - Isracard and CAL. This follows a similar agreement signed last year with the credit company MAX.
The long-term agreements with the three credit card companies will allow Mizrahi-Tefahot to upgrade its credit cards range and the functions and value propositions it will offer its customers. Aside from the benefits offered by the credit card companies themselves for each card type, the Bank has its own customer loyalty program - the “Orange Club”, which provides a range of attractive benefits and offers, delivering real value to the Bank's customers.
Thanks to the Bank’s strategic collaboration with the three credit card companies, in the second quarter the Bank launched a unique and exclusive offering to its customers: The ability to withdraw cash from ATMs with a mobile, phone using the wireless NFC technology, eliminating the need to use the card.
By doing so, Mizrahi-Tefahot became the first Israeli bank to provide its customers - who hold the Bank's Visa and Mastercard credit cards issued in collaboration with the credit card companies - with an advanced cash withdrawal function based on a fully digital user experience at more than 200 of the Bank's ATMs across the country.
Moshe Lari: The second quarter results reflect the Bank’s success in continuing to grow even in a challenging security and economic climate
“The results of the second quarter of 2026, and first and foremost - the NIS 1.43 billion net profit and a 16.0% return on equity - that include the effects of the special tax outline for 2026 and the benefits granted to customers under the voluntary benefits outline, and against the backdrop of the cuts to the Bank of Israel’s interest rate - are noteworthy and are credited primarily to our thousands of excellent employees and executives. Thanks to their professionalism, determination and dedication, the Bank is able to maintain its growth trend even in such a challenging security and economic climate, and for that they deserve our appreciation and gratitude.
"The expansion in the Bank’s activity was reflected in most balance sheet items, which recorded impressive growth. Thus, among other things, compared to the second quarter of 2025, total assets increased by 12.3%, deposits from the public rose by 13.7%, and the portfolio of loans to the public increased by 12.5%.
"An analysis of the increase in the Bank’s credit portfolio indicates accelerated growth in the various segments of its business credit activity. As of June 30, 2026, the Bank’s business credit portfolio amounted to NIS 127 billion, a 21% increase compared to the corresponding period last year. Within the total business portfolio, the 21.7% growth in credit to large businesses, and the 28.4% increase in credit to medium-sized businesses were particularly notable. This impressive development is consistent with the targets of the strategic plan for 2025-2027, one of the key objectives of which is the enhancement of Mizrahi Tefahot’s position as a key player in business banking in Israel, and increasing its market share in credit activity in general and in business credit in particular.
"At the same time, Mizrahi-Tefahot continues to maintain a high level of operational efficiency as an essential component of its operating concept and organizational culture. In the second quarter of 2026 the Bank presented an excellent Cost Income Ratio of 33.9% compared to 34.9% in the corresponding quarter last year, and 35.9% for the entire year in 2025.
"Thanks to financial markets’ high levels of confidence in Mizrahi-Tefahot, the Bank benefits from direct access to and maximum availability of long-term sources of financing. During the second quarter of the year, the Bank issued three series of notes which attracted strong demand by a broad range of institutional entities. In total, the Bank raised NIS 5 billion, which will be used to finance its various needs.
"In accordance with the Board of Directors’ resolution, Mizrahi-Tefahot will distribute to all of its shareholders a dividend amounting to NIS 714 million - 50% of the Bank’s profits in the second quarter, in accordance with the Bank’s dividend distribution policy. The total amount of the dividend to shareholders in respect of the first two quarters of 2026 will be NIS 1.33 billion”, said the Bank’s President & CEO Moshe Lari.
