Mizrahi Tefahot Bank Ltd

Mizrahi Tefahot Bank Ltd

77.00
USD
+8.68
(+12.70%)
8.99EPS
7.69P/E
17.41BMarket Cap
Nov 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
21.63
21.49
23.02
23.81
25.51
29.44
30.96
32.68
40.11
51.78
57.28
56.82
55.97
67.21
Basic EPS, GAAP
4.75
4.75
4.91
5.46
5.8
5.18
7.87
6.7
12.48
17.48
19.08
21.13
21.7
25.8
Free Cash Flow per Basic Share
34.59
16.78
4.19
10.92
7.92
11.66
10.86
19.87
14.85
13.71
12.03
53.36
58.63
29.8
Dividend per Share
0.33
- -
0.37
0.8
1.44
1.06
2.42
0.73
4.9
3.74
5.4
7.38
9.74
13.14
Book Value per Share
42.96
46.83
51.13
54.82
58.87
62.96
68.3
73.77
81.03
92.53
106.46
121.12
133.82
138.72
Tangible Book Value per Share
42.58
46.45
50.75
54.45
58.49
62.58
67.93
72.84
80.22
91.84
105.88
120.67
133.49
138.38
Basic Weighted Avg Shares
228
230
231
232
232
233
234
240
256
256
257
258
259
215
Sales/Revenue/Turnover
4,935
4,945
5,322
5,520
5,923
6,857
7,247
7,852
10,248
13,244
14,738
14,667
14,519
14,467
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
245
246
223
223
245
238
245
283
339
332
411
285
289
297
Net Income, GAAP
1,083
1,092
1,134
1,266
1,347
1,206
1,842
1,610
3,188
4,472
4,910
5,455
5,630
5,553
Effective Tax Rate (%)
34.4
37.01
38.93
38.91
36.69
42
34.83
34.68
34.39
33.84
34.45
37.04
35.96
37.09
Profit Margin (%)
21.95
22.08
21.31
22.93
22.74
17.59
25.42
20.5
31.11
33.77
33.32
37.19
38.78
38.38
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
16,443
20,580
23,719
27,034
29,923
30,616
33,460
34,077
38,663
34,070
37,811
37,577
40,987
40,627
Total Equity
10,335
11,304
12,415
13,324
14,327
15,390
16,805
19,669
21,729
24,868
28,703
32,729
36,428
37,822
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
4.15
3.62
3.16
3.2
3.08
2.52
3.65
2.92
5.41
7.26
7.56
7.66
7.31
7.13
Return on Common Equity (%)
11.61
10.58
10.02
10.31
10.2
8.5
11.99
9.24
16.11
20.08
19.16
18.57
17.05
16.05

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
260
260
260
Market Capitalization
- -
60,188
51,611

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
82,849
74,960
77,734
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.42%
13.13%
11.3%
Free Cash Flow
57.86%
63.14%
10.41%
Net Income, GAAP
21.01%
32.48%
3.21%
Sales/Revenue/Turnover
11.04%
13.91%
-1.01%
Total Cash Common Dividend
93.23%
140.45%
32.67%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,598
3,835
3,797
3,437
14,667
2025
3,546
3,791
3,830
3,352
14,519
2026
3,483
3,802
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.93
5.63
5.52
18.41
21.13
2025
4.98
5.61
5.71
17.21
21.7
2026
4.77
5.49
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.81
1.97
2.31
8.32
7.38
2025
2.09
1.99
2.8
9.08
9.74
2026
2.86
2.38
- -
- -
- -

Company Description

CEO
Moshe Lari
Full Time Employees
7,230
Sector
Finance
Industry
Major banks
Address
7 Jabotinsky Street Lod TA Israel 5252007
IPO Date
Jan 1, 1963
Business
Mizrahi Tefahot Bank Ltd. (MZTF.TA) operates as Israel's third-largest bank, providing a comprehensive range of retail, commercial, private, and international banking services to individual, corporate, and institutional clients; its core offerings include checking and savings accounts, deposits, mortgages, personal and business loans, credit cards, investment products such as provident and mutual funds, pension counseling, trust services, foreign currency operations, capital market activities, trade finance, real estate financing, and specialized tech lending through subsidiaries. Founded on June 6, 1923, as Mizrahi Bank by the World Mizrachi Movement and headquartered at 7 Jabotinsky Street in Ramat Gan, Israel, the bank maintains approximately 205 branches and business centers across Israel—including 55 from its subsidiary Bank Yahav for Government Employees Ltd.—along with foreign branches in London, Los Angeles, and operations via United Mizrahi-Tefahot Bank entities abroad. Mizrahi Tefahot leads Israel in mortgage lending, having financed over 900,000 families, and serves diverse customer segments from young persons, students, and retirees to self-employed individuals, businesses, and government employees through tailored accounts, online banking, and advanced digital services. Recent developments include the completion of the merger with subsidiary Union Bank of Israel (Bank Igud) by end-2022 following its full acquisition in 2020, which bolstered its market position; a successful $1.3 billion (NIS 4.5 billion) bond offering in July 2025 signaling strong investor confidence; record net profits of NIS 1,483 million in Q3 2025 and credit portfolio growth to NIS 391.9 billion; dividend payouts including NIS 727 million in 2025 with NIS 300 million to controlling shareholders Ofer and Wertheim groups (holding 41.25%); and credit rating revisions to stable outlooks by S&P, Fitch, and local agencies Maalot and Midroog in 2025 amid the Iron Swords War environment. Subsidiaries such as Etgar for investment portfolio management, Mizrahi-Tefahot Trust Company, Tafchot Insurance Agency for mortgage insurance, and Mizrahi-Tefahot Discounting and Finance Ltd. enhance its integrated financial ecosystem, while the bank navigates international scrutiny over West Bank-related activities.

Company News

  • Mizrahi Tefahot Bank Ltd. (MZTFF) Q4 2025 Earnings Call Transcript