ABN AMRO Q2 2026 profit rises 29%, lifts guidance

ABN AMRO reported a 29% year-over-year increase in second-quarter 2026 net profit, exceeding analyst estimates, and raised its full-year guidance as revenue growth accelerated across core businesses.

The Dutch bank’s net income for the three months ended June 30 reached €1.45 billion, up from €1.12 billion in the same period a year earlier, according to preliminary figures released on Friday. Analysts polled by Reuters had forecast net profit of €1.31 billion.

Total revenue rose 12% to €4.2 billion, driven by higher net interest income and fee-based earnings, particularly in its Dutch retail and commercial banking segments. Costs remained tightly controlled, with the bank reporting a cost-to-income ratio of 54.3%, an improvement from 56.1% a year ago.

ABN AMRO upgraded its 2026 outlook, projecting net profit between €5.2 billion and €5.6 billion, compared with a prior range of €4.8 billion to €5.2 billion. The bank cited stronger-than-expected loan growth, improved asset quality, and sustained demand for its wealth management services as key drivers behind the revision.

Chief Executive Sander van der Laan said the results reflected "resilient performance" in a challenging macroeconomic environment, with continued growth in customer deposits and lending activity. The bank maintained its dividend policy, reaffirming a payout ratio of at least 40% of net profit for the year.

Shares in ABN AMRO were up 3.2% in early trading on Friday, outpacing a 0.8% gain in the Euro Stoxx Banks index.