ABN earnings per share for the last quarter are 0.78 EUR whereas the estimation was 0.62 EUR which accounts for 25.13% surprise. Company revenue for the same period amounts to 2.25 B EUR despite the estimated figure of 2.18 B EUR. Estimated earnings per share for the next quarter are 0.45 EUR, and revenue is expected to reach 2.17 B EUR. Also watch annual changes over time to get a bigger picture of ABN earnings per share and revenue dynamics.
Q3 Key messages
Strong quarterly results: Net profit of EUR 690 million and 11.6% return on equity, driven by improved net interest income, strong fees and net impairment releases.
Continued mortgage portfolio growth: Supported by an increase in new clients, mortgage book grew by EUR 1.6 billion.
Fee and commission income increased: Growth of 6% year-to-date compared with the same period last year, driven by good performance in all client units.
Solid credit quality: EUR 29 million in net impairment releases, reflecting a low cost of risk.
Strong capital position: Basel III CET1 ratio of 14.1% and Basel IV CET1 ratio of around 14%.
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