ABN Amro Bank NV AAVMY

FinancialsBanking ServicesNetherlands

Last close 44.90 USD on Nov 1, 2026, +33.1% year to date

Quant rating

Quant rating A+ Rank 7 of 304 in Financials

Growth B 57 of 304
Valuation B 175 of 304
Quality B 92 of 304
Revisions A 14 of 304
Momentum A 30 of 304

Wall Street consensus Buy (2.20)Average target 51.93 USD +15.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 29.7B
Enterprise value: 107.8B
52-week range: 29.73 – 50.63
3-year range: 12.74 – 50.63
Dividend yield: 4.01%
Beta (5 years): 0.74
Shares outstanding: 670M
Next earnings: Nov 11, 2026

About the company

ABN Amro Bank NV is a Netherlands-based bank that provides banking services to retail, private and business clients. The Company provides a range of products and services including loans, mortgages, payments, financial advice and asset management. The Bank has four reportable segments, Personal & Business Banking, which consists of consumer and business clients, Wealth Management and Corporate Banking, including advice and value propositions for wealthy clients, Corporate Banking engaged in financing, capital structuring and transaction banking solutions for corporate clients and Group Functions consisting of multiple support function departments, namely Finance; Risk Management; Innovation & Technology; Human Resources; Group Audit; Legal & Corporate Office; Brand, Marketing & Communications and Strategy & Innovation.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	16,980	17,712	17,858	8,491	7,978	–
Revenue growth	−4.1%	−0.8%	110.3%	6.4%	−16.4%	12.2%
EPS (basic, normalized)	2.89	2.83	3.34	1.95	1.48	–
EPS growth	1.9%	−15.3%	71.1%	31.7%	71.2%	27.2%
Gross margin	–	–	–	–	–	–
Net margin	14.1%	13.3%	16.1%	22.4%	16.2%	16.4%
ROE	8.5%	10.1%	11.5%	8.7%	6.0%	9.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	72,995
Net debt (mil)	–
Total equity (mil)	31,222
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	16,980	−4.1%	6.3x	34.33	+23.3%	1.3x	2.91	+3.0%	15.4x
2026	10,809	−36.3%	10.0x	34.30	−0.1%	1.3x	3.62	+24.3%	12.4x
2027	11,632	+7.6%	9.3x	35.95	+4.8%	1.2x	4.28	+18.3%	10.5x
2028	12,089	+3.9%	8.9x	37.91	+5.4%	1.2x	5.04	+17.8%	8.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	10,809	+0.5%	+2.1%	+2.7%	3.62	+2.0%	+8.6%	+16.3%
2027	11,632	+0.6%	+2.2%	+4.4%	4.28	+1.6%	+6.3%	+12.7%
2028	12,089	+0.7%	+2.4%	+4.2%	5.04	+1.6%	+4.8%	+10.7%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,197	2,171	2,253	2,240	2,145	2,143	2,169	2,259	2,287	2,424
Sales mean (mil)	2,119	2,125	2,189	2,178	2,153	2,180	2,265	2,289	2,276	2,343
Surprise	+3.7%	+2.2%	+2.9%	+2.8%	−0.4%	−1.7%	−4.3%	−1.3%	+0.5%	+3.5%
EPS reported	0.76	0.73	0.78	0.43	0.69	0.67	0.67	0.43	0.78	0.90
EPS mean	0.56	0.65	0.62	0.44	0.67	0.65	0.65	0.55	0.67	0.80
Surprise	+36.2%	+12.7%	+25.0%	−2.0%	+3.3%	+3.1%	+3.2%	−22.2%	+16.1%	+12.4%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
AAVMY ABN Amro Bank NV	29.7B	–	14.1%	1.11x	12.4x	10.5x	1.3x	1.2x
BPXXY BPER Banca SpA	30.5B	–	35.1%	0.86x	22.5x	20.6x	3.3x	3.2x
BKHYY Bank Hapoalim B.M.	30.5B	–	–	–	–	–	–	–
MLYBY Malayan Banking Berhad	30.0B	–	–	–	–	–	–	–
SGBLY Standard Bank Group Limited	29.5B	–	–	–	9.3x	8.3x	1.7x	1.6x
SUTNY Sumitomo Mitsui Trust Group, Inc.	28.9B	–	25.0%	1.52x	5.8x	5.5x	0.6x	0.6x
Mean		–	24.7%	1.16x	12.5x	11.2x	1.7x	1.6x
Median		–	25.0%	1.11x	10.9x	9.4x	1.5x	1.4x

Technical analysis

1M−11.6%
3M+4.0%
1Y+57.1%
3Y+310.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, ABN Amro Bank NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	16,980	17,712	17,858	8,491	7,978	9,546
Total interest expense	9,539	10,978	10,930	2,688	2,055	2,384
Net interest income	7,440	6,734	6,928	5,803	5,923	7,162
Loan loss provision	23.5	−21.7	−174	41.7	−52.3	1,475
Net interest income after loan loss provision	7,417	6,755	7,103	5,761	5,975	5,686
Non-interest income	3,502	3,146	3,330	3,249	3,623	3,416
Non-interest expense	−7,295	−6,366	−6,521	−6,467	−7,509	−8,668
Net income before taxes	3,624	3,536	3,911	2,543	2,089	435
Provision for taxes	980	1,049	935	545	687	490
Minority interest & equity in affiliates	–	0	0	0	−3.4	–
Other	0	0	0	0	0	0
Net income before extraordinary items	2,645	2,487	2,976	1,998	1,399	−55.0
Extraordinary items	–	–	–	–	–	–
Net income	2,645	2,487	2,976	1,998	1,399	−55.0
Basic weighted average shares (mil)	830	841	872	908	940	940
Diluted weighted average shares (mil)	830	841	872	908	940	940
Basic EPS excluding extraordinary items	2.88	2.81	3.30	2.09	1.38	−0.21
Basic EPS, normalized	2.89	2.83	3.34	1.95	1.48	0.87

Balance sheet in millions of USD, fiscal years

Balance sheet, ABN Amro Bank NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	59,334	46,945	60,233	66,434	77,845	75,531
Other earning assets	114,536	85,081	77,449	71,657	74,383	89,906
Net loans	300,389	257,564	271,412	261,053	293,580	307,960
Property, plant & equipment	1,434	1,106	1,079	1,057	1,332	1,533
Goodwill	51.7	45.6	0	83.5	89.8	95.3
Intangibles	366	216	109	32.1	54.6	61.1
Long-term investments	274	253	367	507	641	724
Other long-term assets	3,030	1,662	450	546	806	1,135
Other assets	5,898	5,769	5,957	4,860	4,980	6,229
Total assets	485,313	398,641	417,058	406,230	453,713	483,174
Liabilities
Accounts payable	2,311	2,129	2,064	1,943	2,070	2,396
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,044	1,046	1,059	1,005	996	1,133
Total deposits	332,906	267,642	286,733	291,656	328,870	336,210
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	17,993	10,717	12,923	10,330	10,793	13,878
Current portion of long-term debt	25,337	29,437	19,162	23,098	20,304	25,451
Long-term debt	67,945	54,979	60,545	45,354	56,682	66,560
Minority interest	3.5	3.1	3.3	2.1	5.7	–
Other liabilities	6,015	5,662	7,901	8,428	8,989	11,913
Total liabilities	453,555	371,614	390,390	381,816	428,710	457,540
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	967	862	956	961	1,069	1,148
Additional paid-in capital	13,794	12,267	13,455	13,409	14,744	15,840
Retained earnings (accumulated deficit)	13,106	10,724	10,414	8,822	8,326	8,337
Treasury stock	–	–	–	–	–	–
Other equity	3,891	3,173	1,844	1,222	864	309
Total equity	31,758	27,027	26,668	24,414	25,003	25,634
Total liabilities & shareholders' equity	485,313	398,641	417,058	406,230	453,713	483,174

Cash flow statement in millions of USD, fiscal years

Cash flow statement, ABN Amro Bank NV, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	2,645	2,488	2,976	1,998	1,403	−55.0
Depreciation, depletion & amortization	211	166	277	184	221	365
Deferred taxes	–	–	–	–	–	–
Non-cash items	4,369	−61.1	2,185	8,578	−46.6	1,644
Changes in working capital	−4,600	−13,769	−15,402	−19,473	9,339	53,384
Cash from operations	2,625	−11,176	−9,963	−8,714	10,916	55,338
Investing activities
Capital expenditures	−460	−468	−320	−201	−230	−275
Other investing cash flows	5,822	−4,513	−1,580	−54.6	4,620	−2,748
Cash from investing	5,362	−4,981	−1,900	−256	4,390	−3,023
Financing activities
Financing cash flow items	−255	−125	−99.3	−102	−105	−145
Cash dividends paid	−1,274	−1,288	−1,233	−899	−726	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−552	7,793	4,883	4,156	−7,562	−11,866
Cash from financing	−2,081	6,380	3,551	3,155	−8,393	−12,011
Foreign exchange effects	−45.8	19.7	−24.3	15.0	65.9	−69.6
Net change in cash	5,860	−9,758	−8,337	−5,799	6,979	40,234
Free cash flow	2,165	−11,644	−10,283	−8,915	10,686	55,064

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.