Nordea Bank Abp reported its second‑quarter 2026 results on 16 July 2026. Operating profit reached €1.61 bn, exceeding the Factset consensus of €1.57 bn. The beat was supported by net trading income of €281 m versus the €257 m forecast and net fee and commission income of €880 m versus €863 m expected. Total revenue was €3.03 bn, above the €2.98 bn consensus. Net interest income fell 1% year‑on‑year to €1.78 bn, missing the €1.79 bn estimate, though it rose 1% quarter‑on‑quarter. Operating expenses were €1.36 bn, in line with consensus, and net loan losses amounted to €61 m, above the €49 m consensus. Nordea lifted its 2026 cost‑to‑income ratio outlook (excluding regulatory fees) to a range of 44‑45%, from the prior around 45%, while keeping its return‑on‑equity target of greater than 15% unchanged. The board approved a mid‑year dividend of €0.34 per share, representing roughly 50% of the group’s net profit for the first half of 2026; the record date is 6 August and payment is scheduled for 13 August or shortly thereafter. This dividend is the first installment of a two‑part distribution under a policy that targets a 60‑70% payout ratio for full‑year profit. Return on equity for the quarter was 15.9%, diluted earnings per share were €0.36, up 3% year‑on‑year, and the cost‑to‑income ratio improved to 44% from 45.1% a year earlier. The Common Equity Tier 1 capital ratio stood at 15.7% at quarter‑end. President and Group CEO Frank Vang‑Jensen said the quarter was “yet another strong quarter for Nordea” and expressed confidence heading into the second half of the year.