Mizrahi Tefahot Bank Third Quarter 2024 Earnings: EPS: ₪5.52 (vs ₪4.27 in 3Q 2023)

Mizrahi Tefahot Bank (TLV:MZTF) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₪3.67b (up 16% from 3Q 2023).
• Net income: ₪1.43b (up 30% from 3Q 2023).
• Profit margin: 39% (up from 35% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₪5.52 (up from ₪4.27 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mizrahi Tefahot Bank Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Asia.

Performance of the market in Israel.

The company's shares are down 1.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Mizrahi Tefahot Bank that you need to take into consideration.

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