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 new mortgage production of EUR 2.5 billion and a 21% market share in Q4; client assets up EUR 7 billion.

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

• CET1 ratio increased to 15.4% at year-end 2025 due to RWA and portfolio optimisation.

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

Financial highlights

• Q4 net profit: EUR 410 million; full-year profit: EUR 2,252 million; full-year NII: EUR 6,335 million, in line with guidance.

• Fee income up 14% year-over-year in Q4, supported by Wealth Management and Corporate Banking.

• Operating expenses for FY2025: EUR 5,610 million; cost/income ratio for full-year: 64.4%.

• Costs landed at the lower end of guidance; EUR 160 million in cost savings achieved in 2025.

• Credit quality remains strong; EUR 70 million impairments in Q4, stage 3 ratio at 2.1%, cost of risk at 1bp for full year.

Outlook and guidance

• 2026 commercial NII expected at 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 remains up to 100% of net profit between 2026 and 2028.