ABN AMRO profit rises 52% to €940 million in third quarter of 2026
Key Facts
ABN AMRO reported net profit of €940 million in the third quarter of 2026, up 52% year on year and 20% from the second quarter, according to its financial disclosures. Results were supported by net interest income rising to €1.822 billion and operating income growing to €2.641 billion. The bank said commercial net interest income increased 7% during the quarter, and raised its full-year guidance to more than €6.9 billion. This reflects strength in banking activity during a period when interest income benefited from the interest-rate environment. Profit also included a negative impact of about €33 million after tax related to a European ruling on the bank's contribution to the Single Resolution Fund.
Net interest income rose 15% from €1.580 billion in the third quarter of 2025 to €1.822 billion in the corresponding period of 2026. The bank said the interest-rate environment supported this income, while commercial net interest income increased 7% from the previous quarter. The bank said the European Central Bank raised its deposit rate by 25 basis points to 2.50% in September in response to inflationary pressures. Against this backdrop, ABN AMRO raised its full-year guidance for commercial net interest income to more than €6.9 billion. The bank does not attribute the annual increase in net interest income specifically to commercial momentum; its disclosure reports growth in commercial activity quarter on quarter, separately from the annual comparison.
Operating income reached €2.641 billion in the third quarter, compared with €2.169 billion a year earlier, an annual increase of 22%. Operating expenses, meanwhile, were €1.405 billion, compared with €1.409 billion in the third quarter of 2025 and €1.300 billion in the second quarter of 2026. The cost-to-income ratio fell to 53.2% from 64.9% a year earlier, after standing at 53.7% in the previous quarter. These figures place the annual improvement in the ratio alongside revenue growth, while expenses rose compared with the second quarter. The bank kept its full-year expense guidance at €5.5 billion.
On a quarterly basis, net profit rose from €781 million in the second quarter of 2026 to €940 million in the third, an increase of 20%. The annual comparison shows profit of €617 million in the third quarter of 2025 against €940 million in the same period of 2026, a rise of 52%. The two comparisons put the latest performance in different contexts: an improvement on the previous quarter and stronger growth on a year-on-year basis. The negative impact related to the European ruling was also included in third-quarter results, according to the bank. The bank had referred to the ruling on November 4, saying its impact on profit after tax was about €33 million.
Commenting on the housing market, the chief executive said the market “remains supported by strong fundamentals, although higher interest rates are expected to limit activity.” The statement indicates that strong fundamentals do not rule out a possible slowdown in activity as financing costs rise. On guidance, the bank combined a higher 2026 estimate for commercial net interest income of more than €6.9 billion with annual expenses unchanged at €5.5 billion. These figures provide the bank's framework for the rest of the year, alongside 7% growth in commercial net interest income during the quarter. The bank set February 10, 2027, as the date for publishing its fourth-quarter 2026 results, and said it would update its targets in the following quarter.