Financial Ratios Bank Leumi le-Israel B.M.

Equities

LUMI

IL0006046119

Banks

Delayed TEL AVIV STOCK EXCHANGE Other stock markets 10:24:21 2024-12-09 am EST			5-day change	1st Jan Change
4,389.00 ^ILa	+0.18%		+3.20%	+48.78%

Nov. 19	Bank Leumi le-Israel B.M., Q3 2024 Earnings Call, Nov 19, 2024
Nov. 19	Bank Leumi le-Israel B.M. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

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Published financial data: BANK LEUMI LE-ISRAEL B.M.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	11.44B	10.18B	11.67B	18.8B	33.66B
Interest Income, Total	11.44B	10.18B	11.67B	18.8B	33.66B
Interest On Deposits	2.6B	1.45B	1.33B	5.58B	17.66B
Interest Expense, Total	2.6B	1.45B	1.33B	5.58B	17.66B
Net Interest Income	8.84B	8.72B	10.35B	13.21B	16B
Gain (Loss) on Sale of Assets	89M	-10M	156M	66M	27M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	631M	592M	1.05B	985M	-68M
Income (Loss) on Equity Invest. (Income Block)	-	-	-	-	-
Total Other Non Interest Income	4.36B	3.78B	4.31B	3.97B	5.22B
Non Interest Income, Total	5.08B	4.37B	5.51B	5.02B	5.18B
Revenues Before Provison For Loan Losses	13.92B	13.09B	15.86B	18.23B	21.18B
Provision For Loan Losses	609M	2.55B	-812M	498M	2.38B
Total Revenues	13.31B	10.54B	16.67B	17.73B	18.8B
Salaries And Other Employee Benefits	4.32B	3.75B	4.24B	3.93B	2.83B
Amort. of Goodwill & Intang. Assets	-	-	-	-	-
Occupancy Expense	1.52B	678M	694M	1.36B	675M
Selling General & Admin Expenses, Total	230M	976M	979M	123M	1.01B
(Income) Loss on Equity Invest.	15M	13M	-101M	-387M	886M
Total Other Non Interest Expense	1.84B	1.64B	1.52B	1.42B	2.38B
Non Interest Expense, Total	7.92B	7.06B	7.33B	6.45B	7.78B
EBT, Excl. Unusual Items	5.39B	3.48B	9.34B	11.28B	11.02B
Restructuring Charges	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	5.39B	3.48B	9.34B	11.28B	11.02B
Income Tax Expense	1.83B	1.36B	3.28B	3.56B	3.99B
Earnings From Continuing Operations	3.56B	2.12B	6.07B	7.72B	7.03B
Net Income to Company	3.56B	2.12B	6.07B	7.72B	7.03B
Minority Interest	-38M	-20M	-39M	-10M	-
Net Income - (IS)	3.52B	2.1B	6.03B	7.71B	7.03B
Net Income to Common Incl Extra Items	3.52B	2.1B	6.03B	7.71B	7.03B
Net Income to Common Excl. Extra Items	3.52B	2.1B	6.03B	7.71B	7.03B
Per Share Items
Net EPS - Basic	2.37	1.44	4.15	5.14	4.58
Basic EPS - Continuing Operations	2.37	1.44	4.15	5.14	4.58
Basic Weighted Average Shares Outstanding	1.48B	1.46B	1.45B	1.5B	1.54B
Net EPS - Diluted	2.37	1.44	4.15	5.14	4.58
Diluted EPS - Continuing Operations	2.37	1.44	4.15	5.14	4.58
Diluted Weighted Average Shares Outstanding	1.48B	1.46B	1.45B	1.5B	1.54B
Normalized Basic EPS	2.24	1.48	3.99	4.69	4.48
Normalized Diluted EPS	2.24	1.48	3.99	4.69	4.48
Dividend Per Share	0.95	-	1.78	1.16	1.14
Payout Ratio	39.38	14.13	33.13	21.6	29.61
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	33.95	38.99	35.06	31.59	36.21
Total Current Taxes	2.42B	2.08B	2.85B	3.88B	4.68B
Total Deferred Taxes	-595M	-729M	422M	-312M	-694M
Normalized Net Income	3.33B	2.15B	5.8B	7.04B	6.88B
Non-Cash Pension Expense	708M	678M	647M	580M	-
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	8M	-7M	4M	4M	7M
Total Stock-Based Compensation	8M	-7M	4M	4M	7M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	72.92B	131B	194B	181B	102B
Investment Securities, Total	78.07B	87.9B	82.81B	87.27B	145B
Trading Asset Securities, Total	14.49B	19.28B	17.15B	28.9B	41.09B
Mortgage Backed Securities	8.14B	7.75B	7.73B	7.34B	11.07B
Total investments	101B	115B	108B	124B	198B
Gross Loans	287B	301B	348B	391B	428B
Allowance For Loan Losses	-3.33B	-5.29B	-4.51B	-4.99B	-6.72B
Net Loans	283B	296B	344B	386B	421B
Gross Property Plant And Equipment	6.7B	7.42B	7.2B	6.53B	6.6B
Accumulated Depreciation	-4.54B	-4.35B	-4.36B	-3.99B	-3.86B
Net Property Plant And Equipment	2.16B	3.07B	2.83B	2.54B	2.74B
Goodwill	16M	15M	14M	-	-
Other Intangibles, Total	880M	794M	684M	764M	793M
Accrued Interest Receivable	192M	169M	189M	157M	235M
Other Receivables	1.41B	1.38B	239M	85M	147M
Restricted Cash	743M	1.95B	-	-	-
Other Current Assets, Total	225M	244M	229M	207M	233M
Deferred Tax Assets Long-Term (Collected)	5.94B	6.26B	5.86B	5.2B	5.87B
Other Real Estate Owned And Foreclosed	2M	6M	9M	8M	10M
Deferred Charges Long-Term	41M	51M	52M	80M	91M
Other Long-Term Assets, Total	681M	516M	613M	95M	84M
Total Assets	469B	556B	656B	699B	731B
Liabilities
Accrued Expenses, Total	1.75B	1.5B	1.84B	1.77B	1.35B
Interest Bearing Deposits	279B	329B	379B	441B	430B
Non-Interest Bearing Deposits	101B	133B	183B	139B	159B
Total Deposits	380B	462B	563B	580B	589B
Short-Term Borrowings	12B	17.92B	17.83B	27.26B	40.41B
Current Portion of Leases	-	148M	146M	108M	129M
Long-Term Debt	19.96B	16.3B	15.43B	27.8B	32.11B
Long-Term Leases	-	783M	656M	459M	521M
Current Income Taxes Payable	625M	1.27B	1.18B	1.13B	1.84B
Other Current Liabilities - (Bank / Utility Template)	4.42B	4.49B	1.43B	1.31B	1.45B
Unearned Revenue Non Current	333M	339M	403M	452M	498M
Pension & Other Post Retirement Benefits	12.86B	11.55B	11.47B	8.4B	8.19B
Deferred Tax Liability Non-Current	82M	86M	86M	84M	80M
Other Non Current Liabilities	1.1B	1.17B	997M	1.31B	1.66B
Total Liabilities	433B	518B	614B	650B	677B
Common Stock, Total	7.05B	7.04B	7.04B	7.13B	7.11B
Additional Paid In Capital	421M	184M	184M	2.88B	2.31B
Retained Earnings	31.37B	33.18B	37.21B	42.77B	47.72B
Comprehensive Income and Other	-3.44B	-2.74B	-2.82B	-3.35B	-2.65B
Total Common Equity	35.41B	37.66B	41.61B	49.44B	54.5B
Minority Interest	468M	431M	442M	5M	5M
Total Equity	35.87B	38.1B	42.05B	49.44B	54.5B
Total Liabilities And Equity	469B	556B	656B	699B	731B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.47B	1.45B	1.45B	1.47B	1.43B
ECS Total Common Shares Outstanding	1.47B	1.45B	1.45B	1.47B	1.43B
Book Value / Share	24.15	25.92	28.64	33.59	38.11
Tangible Book Value	34.51B	36.86B	40.91B	48.67B	53.7B
Tangible Book Value Per Share	23.54	25.37	28.16	33.07	37.55
Average Assets	460B	513B	588B	669B	-
Average Loans	275B	286B	313B	362B	-
Total Debt	31.96B	35.15B	34.06B	55.64B	73.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	12.86B	11.55B	11.46B	8.4B	-
Net Debt	-59.47B	-121B	-183B	-163B	-76.44B
Equity Method Investments, Total	765M	795M	1.11B	4.95B	4.01B
Full Time Employees	9.24K	-	-	-	-
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.52B	2.1B	6.03B	7.71B	7.03B
Depreciation, Depletion & Amortization	205M	181M	171M	147M	143M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	205M	181M	171M	147M	143M
Amortization of Deferred Charges, Total	395M	497M	523M	451M	532M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-15M	-	-	-57M	-
(Gain) Loss On Sale of Asset - (CF)	-68M	7M	-119M	-52M	-22M
(Gain) Loss on Sale of Investments - (CF)	-782M	-650M	-1.03B	-821M	-22M
Total Asset Writedown	-	-	-	-	-
Provision for Credit Losses	609M	2.55B	-812M	498M	2.38B
(Income) Loss On Equity Investments - (CF)	47M	26M	114M	-282M	1.1B
Stock-Based Compensation (CF)	2M	-	-	4M	7M
Change in Trading Asset Securities	1.78B	-4.75B	1.22B	-12.67B	-772M
Change in Other Net Operating Assets (Collected)	7.18B	6.15B	-2.48B	11.35B	-7.98B
Other Operating Activities	-66M	-555M	1.58B	-188M	-2.53B
Cash from Operations	12.8B	5.56B	5.2B	6.09B	-133M
Capital Expenditure	-942M	-594M	-543M	-765M	-833M
Sale of Property, Plant, and Equipment	107M	11M	179M	112M	41M
Divestitures	712M	-	-	-904M	-
Sale (Purchase) of Real Estate Properties (Collected)	-	-	217M	-	-
Investment in Marketable and Equity Securities, Total	-9.21B	-8.92B	4.67B	-9.78B	-59.86B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-9.84B	-16.47B	-47.79B	-61.65B	-37.6B
Other Investing Activities, Total	157M	137M	-9M	91M	17M
Cash from Investing	-19.02B	-25.84B	-43.27B	-72.89B	-98.23B
Long-Term Debt Issued, Total	3.15B	5.47B	3.94B	13.1B	20.58B
Total Debt Issued	3.15B	5.47B	3.94B	13.1B	20.58B
Long-Term Debt Repaid, Total	-1.02B	-8.25B	-	-61M	-6.87B
Total Debt Repaid	-1.02B	-8.25B	-	-61M	-6.87B
Issuance of Common Stock	-	-	-	2.74B	-
Repurchase of Common Stock	-700M	-250M	-	-	-600M
Common Dividends Paid	-1.39B	-297M	-2B	-1.66B	-2.08B
Common & Preferred Stock Dividends Paid	-1.39B	-297M	-2B	-1.66B	-2.08B
Net Increase (Decrease) in Deposit Accounts - (CF)	6.31B	83.87B	101B	38.36B	9B
Other Financing Activities, Total	-33M	-39M	-3.1B	-	-
Cash from Financing	6.32B	80.51B	100B	52.47B	20.03B
Foreign Exchange Rate Adjustments	-730M	-1.27B	-557M	740M	173M
Miscellaneous Cash Flow Adjustments	3M	-	-	-	-
Net Change in Cash	-626M	58.95B	61.61B	-13.59B	-78.17B
Supplemental Items
Cash Interest Paid	3.42B	2.52B	1.41B	3.46B	14.08B
Cash Income Tax Paid (Refund)	2.5B	1.49B	2.96B	2.31B	4.28B
Net Debt Issued / Repaid	2.13B	-2.78B	3.94B	13.04B	13.71B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.77	0.41	1	1.14	0.98
Return On Equity %	9.88	5.74	15.14	16.87	13.52
Return on Common Equity	9.96	5.75	15.21	16.93	13.52
Shareholders Value Added	-721M	-2.28B	1.27B	2.25B	791M
Margin Analysis
SG&A Margin	45.58	43.18	30.42	30.52	19.41
Net Interest Income / Total Revenues %	66.41	82.78	62.07	74.51	85.11
EBT Excl. Non-Recurring Items Margin %	40.49	33.01	56.04	63.63	58.61
Income From Continuing Operations Margin %	26.74	20.14	36.4	43.53	37.39
Net Income Margin %	26.46	19.95	36.16	43.48	37.39
Net Avail. For Common Margin %	26.46	19.95	36.16	43.48	37.39
Normalized Net Income Margin	25.02	20.44	34.79	39.72	36.63
Asset quality
Nonperforming Loans / Total Loans %	0.75	1.15	0.74	0.49	-
Nonperforming Loans / Total Assets %	0.46	0.62	0.4	0.27	-
Nonperforming Assets / Total Assets %	0.46	0.63	0.4	0.27	-
NPAs / Loans and OREO	0.75	1.15	0.75	0.49	-
NPAs / Equity	6	9.13	6.19	3.88	-
Allowance for Credit Losses / Net Charge-offs %	498.95	1K	-5.01K	1.89K	-
Allowance for Credit Losses / Nonperforming Loans %	155.22	152.49	174.01	261.32	-
Allowance for Credit Losses / Total Loans %	1.16	1.76	1.3	1.28	1.57
Net Charge-offs / Total Average Loans %	0.24	0.18	-0.03	0.07	-
Provision for Loan Losses / Net Charge-offs %	91.3	482.42	902.22	188.64	-
Earning Assets / IBL	137.75	138.83	145.44	139.79	-
Interest Income / Average Assets	2.48	1.98	1.99	2.81	-
Interest Expense / Average Assets	0.56	0.28	0.23	0.83	-
Net Interest Income / Average Assets	1.92	1.7	1.76	1.97	-
Non Interest Income / Average Assets	1.1	0.85	0.94	0.75	-
Non Interest Expense / Average Asset	1.72	1.38	1.25	0.96	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.6	7.13	6.54	6.72	7.26
Total Average Equity / Total Average Assets %	7.75	7.22	6.61	6.75	7.27
Total Equity + Allowance for Loan Losses / Total Loans %	13.52	14.26	13.24	13.92	14.3
Gross Loans / Total Deposits %	75.38	65.15	61.88	67.43	72.7
Net Loans / Total Deposits %	74.51	64.01	61.08	66.57	71.56
Tier 1 Capital Ratio %	11.88	11.87	11.5	11.46	-
Total Capital Ratio %	15.67	15.58	14.21	14.29	-
Core Tier 1 Capital Ratio	11.88	11.87	11.5	11.46	-
Tier 2 Capital Ratio	3.79	3.72	2.71	2.82	-
Coverage Ratio	131.49	131.62	153	-	-
Interbank Ratio	190.02	154.69	140.73	224.5	92.5
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	3.08	3.4	8.05	3.02	1.62
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-0.55	-1.33	18.61	27.69	21.09
Non Interest Income, 1 Yr. Growth %	4.31	-14.07	26.23	-8.95	3.25
Provision For Loan Losses, 1 Yr. Growth %	17.34	319.05	-131.82	-161.33	378.51
Total Revenues, 1 Yr. Growth %	0.54	-20.85	58.19	6.37	6
Earnings From Cont. Operations, 1 Yr. Growth %	7.16	-40.39	185.91	27.23	-8.96
Net Income, 1 Yr. Growth %	8.14	-40.32	186.77	27.89	-8.85
Normalized Net Income, 1 Yr. Growth %	10.18	-35.34	169.29	21.42	-2.24
Diluted EPS Before Extra, 1 Yr. Growth %	10.23	-39.24	188.12	23.83	-10.92
Dividend Per Share, 1 Yr. Growth %