Bank Leumi stock weighs 12.6% Q3 profit drop after special tax

Published on 11/13/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank Leumi stock faces weaker quarterly earnings after a special tax charge. Lending growth and customer assets remained strong through September.

Profit falls as lending expands

Bank Leumi's third-quarter earnings fell after a special tax charge.
Loan growth and rising customer assets supported the bank's operating momentum.
Shareholder distributions continued despite weaker quarterly profitability.

Bank Leumi Le- Israel B.m, IL0006046119, Illustration mit AI erstellt.

Bank Leumi reported a 12.6 percent decline in third-quarter net income to 508 million shekels on Wednesday, November 11, 2026, according to a translated earnings summary published by baba. The result compares with 581 million shekels a year earlier and reflects the impact of a special tax.

Tax weighs on quarterly earnings

Return on equity was 13.8 percent for the quarter. Excluding the special bank tax, the figure would have been 15.3 percent. The board approved a dividend of 254 million shekels, equal to half of quarterly profit.

Growth offsets part of pressure

The loan portfolio grew 21.9 percent year over year and was 5 percent above the end of the second quarter. Customer assets increased 16.9 percent to about 1.26 trillion shekels.

For the first nine months of 2026, net income fell 10.1 percent to 1.571 billion shekels from 1.748 billion shekels. Return on equity for the period was 14.3 percent, or 15.9 percent excluding the special tax. The figures leave investors focused on whether credit expansion and efficiency can offset the effect of higher tax charges.

Profitability remains the key focus

Bank Leumi's investor-relations materials show that the bank entered the period from a strong second-quarter base, with net income of 2.83 billion shekels, return on equity of 16.3 percent and a cost-income ratio of 24.7 percent. The bank also reported credit of 567 billion shekels and non-performing loans of 0.45 percent. Those figures are available on the Bank Leumi investor-relations page.