Mizrahi Tefahot Bank Ltd.

Investor Presentation • Aug 14, 2025

Financial Statements

June 30, 2025

בני אדם לפני הכל

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.

Mizrahi-Tefahot Overview

NIS 517B Total Assets1	NIS 377B Net Loans to the public1	NIS 417B Deposits from the public1	NIS 5.9B Net Interest Revenue2	NIS 7.3B Total Revenue2
NIS 2.7B Net Profit2	NIS 56.4B Market Cap3	7,200< Employees4	205 Branches4
SIGNIFICANT MARKET SHARES5					Mizrahi-Tefahot
#1 36.4%	#1 32.7%	21.4%	18.6%	18.9%	Other

(1) As of June 30, 2025. (2) For H1 2025. (3) Tel Aviv Stock Exchange (as of August 10, 2025) (4) As of December 31, 2024. (5) As of March 31, 2025 (6) Market share in credit to Households and Private Banking segments (supervisory operating segments).

Mortgages Retail Segment6 Loans Assets Deposits

Q2/2025 Financial Performance Snapshot

17.8% ROE

NIS 1.45B Net Profit

34.9% Cost/Income Ratio

12.0% YoY Total Assets

11.5% YoY Net Loans to the Public

11.7% YoY Deposits from the Public

Robust Profitability Significant Growth Solid & Stable Balance Sheet

10.41% CET 1 Ratio

1.03% NPL Ratio

6.03% Leverage Ratio

Continued Strong Profitability Key Profitability Indicators

Net Interest Income and Margin

Solid Performance Over Time

Profitability Growth Balance Sheet

Financing Revenues from Current Operations (NIS mil)

Resilient Core Revenues

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Interest revenues, net	2,685	3,220	3,156	2,753	2,799	3,093
Non-interest financing revenues	345	26	60	143	142	43
Total financing revenues	3,030	3,246	3,216	2,896	2,941	3,136
Less:
Effect of the Consumer Price Index	88	494	439	(13)	60	323
Revenues from collection of interest on troubled debt	8	13	13	14	11	11
Gains (losses) from bonds, shares and real investments	44	16	16	49	38	55
Effect of accounting treatment of derivatives at fair value and others	110	(96)	(99)	)5(	)3(	(109)
Total effects other than current operations	250	427	369	45	106	280
Total financing revenues from current operations	2,780	2,819	2,847	2,851	2,835	2,856

Remain Moderate Expenses

People First 8

Q2/24 Q2/25

Profitability Growth Balance Sheet

H1/24 H1/25

Significant Momentum Growth

Credit to the public (NIS B) Credit growth (NIS mil) Mortgages Credit to business segments Credit to the public 227,380 232,029 97,570 105,154 364,384 376,672 Q1/25 Q2/25 (1) Q2 vs. Q1 growth rate (not annualized)

Profitability Growth Balance Sheet

Sound Asset Quality Credit Loss Provisions

Profitability Growth Balance Sheet

Credit Strength & Risk Discipline Credit Quality Metrics

Resilient credit portfolio.

Profitability Growth Balance Sheet

Improvement despite geopolitical and macro environment.

Steady Increase Deposit Growth (NIS B)

Deposits from the public (NIS B)

Profitability Growth Balance Sheet

Core deposits(1) (NIS B)

Deposits by segments (NIS B)

1) Households/small and micro businesses/medium businesses

Strong Capital Position Balance Sheet

People First 13

Q2/2025 Key Takeaways

01

Strong financial results for Q2/25

Despite geopolitical environment

02 High profitability

Financing revenues from current operations on a positive momentum

04

Solid balance sheet mix

Credit quality metrics continues to be healthy

05

Expense side control

Enables cost/income ratio to reach 34.9%

03

Significant credit growth across all segments

Total balance sheet crossed NIS 500 Billion for the 1st time. Deposits from the public crossed NIS 400 Billion for the 1st time.

06

50% dividend distribution

Alongside 17.8% ROE

APPENDIX

People First 15

Macro Environment

(1) Broad Unemployment Rate (general definition of unemployed, unemployed that ceased working due to dismissal or closing of their 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 July 7, 2025. (3) Broad Unemployment rate, ages 25-64. (4) As of August 5, 2025.

People First 16

Key Balance Sheet Items (NIS mil)

	Q2/25	Q4/24	Q2/24
Cash and deposits with banks	78,885	82,664	85,912
Securities	39,704	28,491	25,370
Credit to the public	376,672	357,981	337,698
Deposits from the public	417,394	393,383	373,579
Shareholders equity	33,114	31,292	29,464
Total balance sheet	517,287	485,643	461,684

Key Profit and Loss Items (NIS mil)

	Q2/25	Q4/24	Q2/24
Interest revenues, net	3,093	2,753	3,220
Non interest financing revenues (expenses)	43	143	26
Commissions and other revenues	655	595	589
Total revenues	3,791	3,491	3,835
Salaries and related expenses	857	860	868
Maintenance and depreciation	269	253	251
Other expenses	197	213	209
Provisions for credit losses	56	105	109
Profit before taxes	2,412	2,060	2,398
Provisions for taxes on profit	910	700	893
Net profit	1,453	1,306	1,452
ROE	17.8%	16.9%	19.9%