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Ing Groep N.V. (ING)
NYSE:ING
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple strong operational and financial achievements — including robust customer acquisition (>1 million annually), double‑digit fee growth (15% FY, 22% Q4 YoY), record total income for the third consecutive year, solid NII (EUR 15.3 billion) and upgraded 2026–2027 guidance — underpinning upgraded profitability and continued shareholder distributions. At the same time, management disclosed several risks and challenges: notable Stage‑3 provisioning and elevated risk costs in Q4, a quarter‑on‑quarter decline in CET1 driven by distributions and RWA increases, deposit‑to‑loan mix pressure (loan growth outpacing deposits), cost/inflationary headwinds and uncertainty around liability margin pass‑through and treasury hedging income. Overall, the positive momentum, upgraded outlook and strong capital and shareholder return actions outweigh the listed headwinds, while the bank acknowledges and is taking steps to manage the highlighted risks.Company Guidance
Strong Customer and Deposit Growth
Added >350,000 mobile primary customers in Q4 and over 1 million customers for the full year; core deposits rose EUR 38.1 billion (+5.5% year‑on‑year) and Q4 retail deposits contributed EUR 11.3 billion, driven by targeted campaigns and seasonal inflows.
Robust Loan Growth
Absolute loan growth doubled versus the prior year, resulting in an 8.3% increase since the start of the year; net core lending in Q4 increased by EUR 20.4 billion (Retail +EUR 10.1 billion, Wholesale +EUR 10.3 billion), driven mainly by residential mortgages and stronger wholesale lending demand.
High Net Interest Income (NII)
Commercial NII remained very strong at EUR 15.3 billion for 2025; commercial NII grew almost 5% year‑on‑year in Q4 and increased more than EUR 100 million quarter‑on‑quarter.
Fee Income Momentum and Diversification
Fee income grew 15% for the full year and accounted for 20% of total income; Q4 fee growth was 22% year‑on‑year (17% excluding a EUR 66 million one‑off in Germany), supported by investment product uptake (9% growth in customers, 16% AUM growth, 22% more trades) and insurance/daily banking fees.
Record Total Income and Profitability
Total income reached a record level for the third consecutive year and Q4 total income was +7% versus prior year; full‑year net profit exceeded EUR 6.3 billion and return on equity for 2025 was 13.2%, above start‑of‑year guidance.
Capital Generation and Shareholder Returns
Delivered strong capital generation (contributing almost 2 percentage points to CET1) with 50% of EUR 6.3 billion profit distributed as regular cash dividends; additional distributions totaling EUR 3.6 billion announced, a share buyback underway, and 2025 share price rose by ~60%.
Upgraded and Clear Outlook for 2026–2027
2026 guidance: total income ~EUR 24 billion, fee income +5–10%, ROE ~14% and ROTE >14%; 2027 outlook: total income >EUR 25 billion, fee income >EUR 5 billion, operating expenses (ex‑incidentals) ~EUR 13 billion, ROE ~15% and ROTE >15%.
Operational Efficiency and Technology Gains
Improved operational leverage: FTE over customer balances ratio improved by >7% since 2023; increased straight‑through processing and chatbot/gen AI deployment reduced manual intervention, improved NPS (Retail #1 in 5/10 markets, Wholesale NPS 77) and are expected to drive further cost efficiencies.
ING Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ING Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $29.68 | $29.86 | +0.61% |
Oct 30, 2025 | $24.02 | $25.31 | +5.38% |
Jul 31, 2025 | $22.94 | $22.89 | -0.21% |
May 02, 2025 | $18.90 | $20.23 | +7.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ing Groep N.V. (ING) report earnings?
Ing Groep N.V. (ING) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Ing Groep N.V. (ING) earnings time?
Ing Groep N.V. (ING) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ING EPS forecast?
ING EPS forecast for the fiscal quarter 2026 (Q1) is 0.61.