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Bank Leumi Set to Announce Pioneering Q1 2024 Financial Results

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Lauren Miller

May 20, 2024 - 05:38 am

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Bank Leumi Prepares to Unveil Q1 2024 Financial Results

TEL AVIV, Israel, May 20, 2024 – Bank Leumi (TASE: LUMI), a significant player in the Israeli financial scene, has made an important announcement regarding the release of its financial outcomes for the first quarter of the year 2024. The awaited disclosure of the financial results is scheduled for Tuesday, May 28, 2024. Shareholders, analysts, and investors are keenly anticipating insights into the bank’s financial health and strategic direction for the upcoming quarter.

Detailed Discussion on the Horizon

In conjunction with the release of the financial statements, Bank Leumi has also planned a comprehensive conference call. This event is set for the same day, providing a platform for an in-depth discussion of the financial results. Top executives will conduct the call at a time accommodating international participants: 5 PM in Israel, 3 PM for those in the UK, and 10 AM Eastern Time for participants tuning in from the United States.

Hagit Argov, the esteemed Head of the Finance Division at Bank Leumi, will spearhead the conference call. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, will also play a pivotal role in the proceedings. Their presence underlines the importance Bank Leumi places on financial transparency and direct communication with the market stakeholders. The session will conclude with a question-and-answer segment, offering a chance for analysts and investors to engage directly with the executives.

Conference Call Access Details

Bank Leumi emphasizes ease of access to the conference call, removing any barriers to participation by not requiring a passcode. The bank has made arrangements for dial-in numbers to cater to both local and international attendants.

For Israel-based participants, the dial-in number is 03-9180610. UK attendees can join the call via the toll-free number 0-800-917-9141. Participants from the US and Canada are provided with a dedicated line accessible through 1-866-527-8676. Those dialing in from any other global location can reach the conference by calling +972-3-918-0610.

Attendees are advised to allow sufficient time prior to the start of the conference for registration, ensuring a smooth and timely initiation of the meeting. This advanced preparation will negate last-minute hitches and contribute to a focused discussion on Bank Leumi's financial matters.

Vital Information at Your Fingertips

The conference call and accompanying webcast will integrate a presentation designed to shed light on the financial data. This presentation, containing key figures and insights, is scheduled to be published concurrently with the release of the Financial Results. Interested parties will find it on the Israeli Securities Authority reporting website (MAGNA) and also under the Investor Relations section of the Leumi website.

Post the announcement of the financial outcomes, an archived recording of the webcast will be available on the Leumi website. This ensures that those who could not attend the live event still have the opportunity to catch up on detailed discussions and information shared during the call. This recording will be accessible one business day after the publication of the results.

For more insight and to better understand the depth of information to be presented, interested stakeholders can browse through the investor relations page on the Leumi’s website. Detailed analyst reports, investor news, and other pertinent financial data that paint a comprehensive picture of Bank Leumi’s market position and strategies are readily available.

In addition to these resources, Bank Leumi offers personal communication channels for further inquiries. Michael Klahr, VP and the Head of Investor Relations, stands ready to assist. Queries regarding the financial results, the upcoming conference call, or any other investor-related concerns can be directed to Klahr, and ample assistance will be provided.

Importance of Periodic Reports

Bank Leumi takes this occasion to reiterate that the conference call and webinar serve to supplement, not replace, the importance of thoroughly reviewing the latest periodic or quarterly reports. These reports contain comprehensive information, including statements that may concern the future expectations or predictions, as defined in the Israeli Securities Law.

All the forward-looking information provided during the conference and in the reports is properly detailed in the documentation available to investors. Bank Leumi remains committed to adhering to the highest standards of disclosure and regulatory compliance, recognizing the crucial role that accurate and timely information plays in the decision-making processes of its stakeholders.

Conclusion

Bank Leumi, with its latest announcement, stands poised to share a critical update with its investors, analysts, and customers. The detailed and transparent financial results for Q1 2024 will not only reveal the bank’s current standing but also help in charting the course for the coming quarters. Through the convenience of modern communication platforms, Bank Leumi continues its legacy of fostering trust and reliability among its shareholders and the broader financial community.

The bank’s adept handling of investor relations and information dissemination highlights its profound understanding of market expectations and the need for accountability. As Bank Leumi marches towards the anticipated date, the financial sector observers, investors, and customers keenly await revelations that will indicate the bank's fiscal trajectory and strategic initiatives.

In a world where financial transparency is increasingly sought after, Bank Leumi's approach to results declaration and discussion serves as a model. It underscores its dedication to maintaining its reputation as a financial institution committed to excellence in communication and transparency in its operations.

For now, all eyes are set on May 28, 2024, and the thorough breakdown of the Bank's financial standings. The shared insights on this day will influence market sentiments and drive future investment decisions. As analysis gears up towards this event, it is clear that the information revealed and the discussions that follow have the potential to shape Bank Leumi's footprint in the regional and global financial landscape.

In this forthcoming announcement, Bank Leumi exemplifies its dedication to upholding the highest standards of financial stewardship and stakeholder engagement. The planned release of its Q1 2024 financial results is much more than a mere regulatory requirement – it is an affirmation of Bank Leumi's unwavering commitment to transparency, sound financial governance, and investor communication.

About Bank Leumi

Bank Leumi, with a heritage dating back to its establishment in 1902, has evolved to become a leading financial institution in Israel. Renowned for its contributions to the development of the Israeli economy, the bank offers a range of services including private and corporate banking, asset management, and international banking operations. With a client base spanning from local individuals to large corporations, Bank Leumi has made its mark with a wide-reaching impact on economic growth and financial stability within Israel and beyond.

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Israel's Securities Law. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which the bank operates, and the beliefs and assumptions of the management of Bank Leumi. We want to stress that these statements are only predictions and that actual events or results may differ materially. We do not undertake to update any of these forward-looking statements.

Source:

Bank Leumi

(Note: This news article includes forward-looking statements that involve risks and uncertainties. Statements that are not historical facts, including statements about Bank Leumi's