Bank Leumi le-Israel B.M. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 12, 2024
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Bank Leumi le-Israel B.M. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was ILS 4,378 million compared to ILS 4,284 million a year ago. Net income was ILS 2,269 million compared to ILS 2,453 million a year ago. Basic earnings per share from continuing operations was ILS 1.49 compared to ILS 1.59 a year ago. Diluted earnings per share from continuing operations was ILS 1.49 compared to ILS 1.59 a year ago.
For the six months, net interest income was ILS 8,145 million compared to ILS 8,212 million a year ago. Net income was ILS 5,054 million compared to ILS 3,434 million a year ago. Basic earnings per share from continuing operations was ILS 3.32 compared to ILS 2.23 a year ago. Diluted earnings per share from continuing operations was ILS 3.32 compared to ILS 2.23 a year ago.
Bank Leumi Le Israel BM (the Bank) is an Israel-based financial institution. It operates in Israel and abroad through subsidiaries comprised of banking and non-banking corporations. It operates through seven business segments: Households, providing banking services to households and individuals; Small Businesses, providing banking services to small businesses and local authorities; Corporate Banking, providing banking and financial services to large and international companies for their operations worldwide; Commercial Banking, providing banking and financial services to medium-sized companies and interested parties (Middle Market); Private Banking, providing financial services and solutions to local and global private customers with a large portfolio of financial assets; Financial Management and Capital Markets, providing proprietary activity and trading rooms and servicing institutional clients and foreign financial institutions, as well as Other.