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BANK LEUMI LE ISRAEL - BLMIF STOCK NEWS

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Bank Leumi Le Israel, also known as Bank Leumi, is a leading Israeli bank headquartered in Tel Aviv, Israel. With a robust and diverse portfolio, the bank offers a wide range of financial services to its clients, including corporate, commercial, and mortgage lending. Bank Leumi's strong financial performance, strategic investments, and responsible growth have solidified its position in the Israeli banking sector. Through innovative initiatives and strategic partnerships, the bank continues to enhance its market presence and deliver value to customers and shareholders.

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Bank Leumi reported strong Q3 2024 financial results with net income of NIS 2.3 billion ($620 million), representing a 29.8% increase from the previous year. Key highlights include a 15.5% return on equity, improved efficiency ratio of 31.1%, and capital return of NIS 917 million ($247 million). The bank showed robust growth with a 7.1% increase in loan portfolio and 8% growth in public deposits. Financial indicators remain strong with a liquidity coverage ratio of 124%, Tier 1 capital ratio of 12.07%, and total capital ratio of 14.77%. The bank maintains high portfolio quality with low NPL ratio of 0.52% and troubled debts at 1.44%.

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Bank Leumi (TASE: LUMI) has announced it will release its Third Quarter 2024 Financial Results on Tuesday, November 19, 2024. The company will host a conference call for analysts and investors on the same day at 5 PM (Israel), 3 PM (UK), and 10 AM (ET). The call will be hosted by Ms. Hagit Argov, Head of the Finance Division, and Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division. A presentation will be available on the Israeli Securities Authority reporting website and Leumi website, with an archived recording available one business day after the results publication.

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Bank Leumi reported Q2 2024 net income of NIS 2.3 billion ($612 million) with a return on equity of 16%. Excluding a deduction related to Valley National Bank investment, ROE was 20.2%. The bank declared a dividend of NIS 908 million ($242 million), representing 40% of quarterly net income. Key highlights:

- Efficiency ratio improved to 28.7%
- Deposits grew 8.8% year-over-year
- Loan portfolio increased 5.9% year-over-year
- NPL ratio low at 0.56%
- Strong capital ratios: CET1 at 12.04%, total capital ratio at 15.04%
- Liquidity coverage ratio of 130%

The bank implemented relief programs and donations totaling NIS 554 million ($147 million) to support customers affected by the ongoing war.

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Bank Leumi (TASE: LUMI) has announced the release of its Second Quarter 2024 Financial Results on August 14, 2024. A conference call for analysts and investors will be held on the same day at 5 PM (Israel); 3 PM (UK); 10 AM (ET) to discuss the results. Ms. Hagit Argov, Head of the Finance Division, will host the call along with Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, followed by a Q&A session.

Participants can access the call using provided phone numbers for various locations. A presentation will be published on the Israeli Securities Authority reporting website (MAGNA) and the Leumi website under Investor Relations. An archived recording of the webcast will be available on the Leumi website one business day after the publication of results.

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Bank Leumi reported a net income of NIS 2.8 billion ($761 million) for Q1 2024, a significant increase from NIS 981 million ($267 million) in the same period last year. The bank's return on equity for the quarter was 20.2%, up from 7.8% last year. A cash dividend of NIS 835 million ($227 million) and a share buyback plan totaling NIS 1 billion ($272 million) were announced, amounting to 40% of the net income.

Leumi's deposits rose by 11.8%, and the loan portfolio increased by 2.2%. The bank maintains a strong efficiency ratio of 29%. A one-off capital gain of NIS 632 million ($172 million) was recorded from the sale of its Tel Aviv HQ. Key financial indicators include a liquidity coverage ratio of 133% and a Tier 1 capital ratio of 11.98%.

The bank's NPL ratio stands at 0.65%, one of the lowest in the sector. Relief programs and donations amounting to NIS 440 million ($120 million) were provided due to the war, impacting various sectors and individuals.

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Bank Leumi (TASE: LUMI) will release its First Quarter 2024 Financial Results on May 28, 2024. A conference call for analysts and investors is scheduled for the same day at 5 PM (Israel); 3 PM (UK); and 10 AM (ET). The call will be hosted by Ms. Hagit Argov, Head of the Finance Division, and Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division.

Participants can join the call using specific phone numbers provided for Israel, the UK, the US, Canada, and other locations. The presentation used during the call will be published on both the Israeli Securities Authority reporting website (MAGNA) and the Leumi website. An archived recording of the webcast will be available one business day after the results are published.

For more details, visit the investor relations page on the Leumi website or contact Michael Klahr, VP, Head of Investor Relations.

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Bank Leumi concludes 2023 with a net income of approximately NIS 7 billion ($1.93 billion). The bank's return on equity was 13.7%, with robust financial indicators and an annual growth of 9% in mortgages. Despite facing challenges due to the war, the bank maintained a strong position with responsible growth strategies.
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Bank Leumi (TASE:LUMI) will release its Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024. The webcast and conference call will be hosted by Mr. Hanan Friedman, President and CEO, along with other executives. Investors can access the webcast and call using provided links and numbers. An archived recording will be available on the Leumi website. For more information, visit the investor relations page or contact Michael Klahr, VP of Investor Relations.
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Bank Leumi (TASE: LUMI) concluded Q3 2023 with a net income of NIS 1.77 billion ($463 million), a 13.6% return on equity, and an efficiency ratio of 32.3%. The bank's liquidity coverage ratio is 130%, CET1 ratio is 11.30%, and NPL ratio is at 0.74%.
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Bank Leumi (TASE: LUMI) to Release Third-Quarter 2023 Financial Results on November 29, 2023
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FAQ

What is the current stock price of BANK LEUMI LE ISRAEL (BLMIF)?

The current stock price of BANK LEUMI LE ISRAEL (BLMIF) is $12.05 as of December 24, 2024.

What is the market cap of BANK LEUMI LE ISRAEL (BLMIF)?

The market cap of BANK LEUMI LE ISRAEL (BLMIF) is approximately 19.1B.

Where is Bank Leumi Le Israel headquartered?

Bank Leumi Le Israel is headquartered in Tel Aviv, Israel.

What financial services does Bank Leumi offer?

Bank Leumi offers a wide range of financial services, including corporate, commercial, and mortgage lending.

What is Bank Leumi known for?

Bank Leumi is known for its strong financial performance, responsible growth, and strategic investments in the Israeli banking sector.

What initiatives has Bank Leumi undertaken recently?

Bank Leumi has launched innovative initiatives and strategic partnerships to enhance its market presence and deliver value to customers and shareholders.

How does Bank Leumi contribute to the Israeli economy?

Bank Leumi's robust portfolio and diverse financial services contribute significantly to the Israeli economy, supporting businesses and individuals across various sectors.

BANK LEUMI LE ISRAEL

OTC:BLMIF

BLMIF Rankings

BLMIF Stock Data

19.13B
1.51B
0.01%
42.49%
Banks - Regional
Financial Services
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United States of America
Tel Aviv