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Netherlands' ABN Amro Q3 net profit jumps, lifts 2026 commercial NII forecast

By Reuters News


Overview

  • Netherlands bank's Q3 net profit rose 52% yr/yr to €940 mln

  • Q3 operating income grew 22% yr/yr

  • Company reported net impairment releases, reflecting sound credit quality


Outlook

  • Company raises 2026 commercial net interest income guidance to above EUR 6.9 bln

  • Company maintains 2026 cost guidance at EUR 5.5 bln

  • Company says it will update financial targets next quarter


Result Drivers

  • INTEREST RATE ENVIRONMENT - Co said strong net interest income was supported by favourable interest rates

  • NIBC ACQUISITION - Inclusion of NIBC from August contributed to Q3 results, strengthening mortgage and savings positions

  • COST BASE SIMPLIFICATION - Co said ongoing simplification and workforce reduction supported efficiency


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

EUR 940 mln

Q3 Impairment charges

-EUR 11 mln

Q3 Operating Income

EUR 2.64 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for ABN Amro Bank NV is €47.70, about 10.6% above its November 10 closing price of €43.14

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 9 - UniCredit prepares to call Commerzbank shareholder vote as profit surges

  • Nov 10 - Commonwealth Bank of Australia's profit rises, but home loan applications slide

  • Nov 9 - KKR's Q3 profit rises on higher fee income, monetization


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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