Mizrahi Tefahot Bank Ltd.

Earnings Release • Nov 18, 2025

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September 30, 2025

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Disclaimer

This document has been prepared by Mizrahi-Tefahot Bank Ltd (UMTB) solely for use at the company's presentation. The information contained in this document constitutes information from the bank's 2025 quarterly reports and/ or immediate reports, as well as the periodic, quarterly and annual reports and/or immediate reports published by the bank in previous years.

Accordingly, the information contained in this document is only partial, is not exhaustive and does not include the full details regarding the bank and its operations or regarding the risk factors involved in its activity and certainly does not replace the information included in the periodic, quarterly, annual or immediate reports published by the bank. In order to receive the full picture regarding the bank's 2025 quarterly reports, the aforesaid reports should be perused fully, as published to the public.

None of the company, or any of their employees or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

The bank's results in practice may be significantly different from those included in the forecasting information, as a result of a large number of factors, including, inter alia, changes in the domestic and global equity markets, macro-economic changes, geo-political changes, legislation and regulation changes, and other changes that are not under the bank's control, which may lead to the estimations not realizing and/or to changes in the business plans.

The forecasting information may change subject to risks and uncertainty, due to being based on the management's estimations regarding future events, which include, inter alia: global and local economic development forecasts, particularly regarding the economic situation in the market, including the effect of macro-economic and geo-political conditions; expectations for changes and developments in the currency and equity markets; forecasts related to other various factors affecting exposure to financial risks; forecasts with respect to changes to borrowers' financial strength, public preferences, changes in legislation and the provisions of regulators, competitors' behavior, the status of the bank's perception, technological developments and human resources developments.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation of any kind regarding any security or any interest in security.

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Mizrahi- Tefahot

Overview

NIS 525B

Total Assets ¹

NIS 392B

Net Loans to the public ¹

NIS 421B

Deposits from the public ¹

NIS 9.0B

Net Interest Revenue ²

NIS 11.2B

Total Revenue ²

NIS 4.2B

Net Profit ²

NIS 61.3B

Market Cap ³

7,200<

Employees ⁴

205

Branches ⁴

SIGNIFICANT MARKET SHARES ⁵

Mizrahi- Tefahot Other

Mortgages

Retail Segment ⁶

Loans

Assets

(1) As of September 30, 2025. (2) For nine months 2025. (3) Tel Aviv Stock Exchange (as of November 16, 2025) (4) As of December 31, 2024. (5) As of June 30, 2025 (6) Market share in credit to Households and Private Banking segments (supervisory operating segments).

People First 3

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Q3/2025 Financial Performance Snapshot

Robust Profitability

17.6%

ROE

NIS 1.48B

Net Profit

34.2%

Cost/Income Ratio

Significant Growth

11.2% YoY

Total Assets

12.5% YoY

Net Loans to the Public

9.4% YoY

Deposits from the Public

Capital & Balance Sheet Ratios

10.14%

CET 1 Ratio

1.01%

NPL Ratio

6.01%

Leverage Ratio

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Key Profitability Indicators

Continued Strong Profitability

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Net Interest Income and Margin

Solid Performance Over Time

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Financing Revenues from Current Operations (NIS mil)

Resilient Core Revenues

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Expenses

Remain Moderate

Salaries (NIS mil)

Operating and other expenses (NIS mil)

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Growth

Significant Momentum

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Sound Asset Quality

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Credit Quality Metrics

Credit Strength & Risk Discipline

Resilient credit portfolio.

Improvement despite geopolitical and macro environment.

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Deposit Growth (NIS B)

Steady Increase

1) Households/small and micro businesses/medium businesses

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Balance Sheet

Strong Capital Position

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Q3/2025 Key Takeaways

01

Strong financial results for Q3/25

Despite geopolitical environment

02

High profitability

Resilient financing revenues from current operations

03

Significant credit growth across all segments Double digit growth rate of total assets and credit to the public YoY

04

Solid balance sheet mix

Credit quality metrics continues to be healthy

05

Expense side control

Enables cost/income ratio to reach 34.2%

06

50% dividend distribution

Alongside 17.6% ROE

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APPENDIX

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Macro Environment

(1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of th eir work place in the last two years and temporary absent from their work for the whole week due to economic reasons) ( 15 years old and above). ( 2) Bank of Israel forecast for 2025 – 2026 - annual average according to Bank of Israel research department forecast from September 29, 2025. (3) Broad Unemployment rate, ages 25- 64. (4) As of November 11, 2025.

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Key Balance Sheet Items (NIS mil)

	Q3/25	Q4/24	Q3/24
Cash and deposits with banks	68,478	82,664	79,342
Securities	45,375	28,491	30,829
Credit to the public	391,875	357,981	348,314
Deposits from the public	421,487	393,383	385,119
Shareholders equity	33,965	31,292	30,408
Total balance sheet	525,389	485,643	472,379

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Key Profit and Loss Items (NIS mil)

	Q3/25	Q4/24	Q3/24
Interest revenues, net	3,146	2,753	3,156
Non interest financing revenues (expenses)	57	143	60
Commissions and other revenues	627	595	581
Total revenues	3,830	3,491	3,797
Salaries and related expenses	835	860	847
Maintenance and depreciation	278	253	246
Other expenses	197	213	196
Provisions for credit losses	44	105	130
Profit before taxes	2,476	2,060	2,378
Provisions for taxes on profit	935	700	898
Net profit	1,483	1,306	1,425
ROE	17.6%	16.9%	19.0%

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