ABN Amro misses fourth-quarter profit expectations (updated)

ABN Amro Bank NV

11/02/2026 06:38

Higher bad loan charges and taxes impact profit

Plans 500 million euro shareholder return

NII and fees slightly beat consensus

Adds details throughout, CEO comment in paragraph 9

By Mateusz Rabiega

Feb 11 (Reuters) - Dutch bank ABN Amro ABNd.AS on Wednesday reported fourth-quarter net profit which was lower than market expectations, impacted by higher-than-expected bad loan charges and income taxes.

Profit for the quarter, including coupons paid on AT1 securities, was 410 million euros ($595 million), due to higher charges on a batch of individual corporate loans. Analysts polled by the lender were on average expecting 466 million euros.

The bank's net interest income, a measure of earnings on loans minus deposit costs, stayed flat at 1.67 billion euros, while fees rose 14% to 572 million euros, as the lender continued to expand its revenue stream to offset stagnating interest-based results.

ABN Amro also said it would share an additional 500 million euros with its shareholders via a share buy-back program and dividend.

The 250 million-euro buyback is the first announced in 2026, as the lender plans to return up to 100% of capital generated until 2028 to shareholders. Analysts expect the Dutch bank to return close to 1 billion euros via additional distributions in the fiscal year.

After two acquisitions of in 2025, ABN bought back only 250 million euros worth of own shares throughout last year, lagging market expectations.

The bank is progressing on its plan to axe 5,200 full-time jobs by 2028 in a bid to cut its costs, which, at 64% of its cost-to-income ratio, exceeds the industry average.

"We have moved south, achieving 30% of that target by the end of 2025," CEO Marguerite Bérard told journalists on a call, adding that about half of the jobs in announced reduction will occur through "natural attrition" and the rest through cuts.

The bank is not the only one eying job cuts, with players in
France
and
Netherlands
 also mulling redundancies and cost-cutting.

($1 = 0.8391 euros)

ABN Amro misses Q4 profit expectations https://www.reuters.com/graphics/ABN%20AMRO-RESULTS/GRAPH/gdpzjxjoxpw/chart.png

 (Reporting by Mateusz Rabiega; Editing by Christopher Cushing and Matt Scuffham)

 ((mateusz.rabiega@thomsonreuters.com))