Bank Leumi le-Israel B.M. (BLMIF) Q2 2026 Earnings Call Transcript

Bank Leumi le-Israel B.M. (BLMIF) Q2 2026 Earnings Call August 12, 2026 10:00 AM EDT Company Participants Hanan Friedman - President & CEO Hagit Argov - First EVP, Head of the Finance Division & CFO Conference Call Participants David Taranto - BofA Securities, Research Division David Kaplan - Psagot Securities Ltd., Research Division Presentation Operator Good day, everyone, and thank you for joining Bank Leumi's Conference Call for the Second Quarter of 2026. Joining me today are Mr. Hanan Friedman, President and CEO; and Ms. Hagit Argov, CFO and Head of the Finance Division. The presentation accompanying this call is available on the bank's Investor Relations website. At the conclusion of the presentation, we will have a Q&A session. Before we begin, I would like to remind you that the conference call may include forward-looking statements, while actual results may be different. I would also refer you to the disclaimer on Slide 2, which applies equally to this call. I will now hand it over to Mr. Hanan Friedman. Hanan, go ahead. Hanan Friedman President & CEO Hello, everyone, and thank you for joining us today. We concluded the second quarter with strong results. Net income reached above NIS 2.8 billion, marking the highest quarterly net income ever recorded by an Israeli bank. Our ROE in the second quarter was 16.3%, among the highest in the sector. Every quarter, we present our results and discuss our strategy, which is built around technological leadership and the adoption of AI that enables us to differentiate ourselves from the competitors. There is one figure in our second quarter results that, in my view, clearly reflects the impact of the consistent execution of this strategy. I'm referring, of course, to Leumi's efficiency ratio, which was especially strong and stood at just 24.7% in the second quarter.