Bank Leumi le-Israel B.M. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 19, 2024 at 06:48 am EST
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Bank Leumi le-Israel B.M. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was ILS 4,545 million compared to ILS 3,935 million a year ago. Net income was ILS 2,293 million compared to ILS 1,767 million a year ago. Basic earnings per share from continuing operations was ILS 1.51 compared to ILS 1.15 a year ago. Diluted earnings per share from continuing operations was ILS 1.51 compared to ILS 1.15 a year ago.
For the nine months, net interest income was ILS 12,690 million compared to ILS 12,147 million a year ago. Net income was ILS 7,347 million compared to ILS 5,201 million a year ago. Basic earnings per share from continuing operations was ILS 4.83 compared to ILS 3.38 a year ago. Diluted earnings per share from continuing operations was ILS 4.83 compared to ILS 3.38 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.