ABN AMRO Bank (ABN) Q4 2025 earnings summary

Executive summary

• Q4 2025 net profit reached EUR 410 million, bringing full-year ROE to 8.7%.

• Strong commercial momentum with high new mortgage production (EUR 2.5 billion, 21% market share in Q4) and client assets up EUR 7 billion.

• Full-year net interest income of EUR 6.335 billion, in line with guidance, supported by Treasury and HAL acquisition.

• Workforce reduced by 1,500 FTEs in 2025 as part of cost base right-sizing; 30% of planned FTE reductions for 2024–2028 already achieved.

• Announced EUR 500 million in additional shareholder distributions, split between cash dividend and share buyback, with a final dividend of EUR 0.70 per share proposed.

Financial highlights

• Q4 net profit: EUR 410 million; full-year profit: EUR 2,252 million; NII for Q4: EUR 1,665 million; full-year NII: EUR 6,335 million.

• Fee income up 14% year-over-year, driven by Wealth Management and Corporate Banking.

• Operating expenses for FY2025: EUR 5.61 billion; underlying expenses: EUR 5.147 billion.

• CET1 ratio increased to 15.4% at YE2025, well above regulatory requirements.

• Cost/income ratio for Q4: 69.7%; full-year: 64.4%.

Outlook and guidance

• 2026 commercial NII expected around EUR 6.4 billion, with full-year HAL contribution; cost guidance at EUR 5.6 billion.

• Strategic targets for 2028: ROE above 12%, cost/income ratio below 55%, CET1 ratio above 13.75%, total income above EUR 10 billion.

• Distribution policy of up to 100% of net profit between 2026 and 2028 reaffirmed.