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ING Groep
(NYSE:ING)
ING Groep (ING) vs. SPDR S&P 500 ETF (SPY)
ING Groep Business Overview & Revenue Model
ING Groep Earnings Call Summary
ING Groep Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.15B | 66.41B | 58.90B | 33.61B | 25.78B | 26.93B |
| Gross Profit | 39.92B | 21.41B | 22.15B | 17.06B | 17.79B | 15.19B |
| EBITDA | 8.82B | 9.97B | 11.17B | 6.21B | 7.62B | 4.64B |
| Net Income | 6.07B | 6.39B | 7.29B | 3.67B | 4.78B | 2.48B |
Balance Sheet | ||||||
| Total Assets | 1.09T | 1.02T | 975.58B | 967.82B | 951.29B | 937.38B |
| Cash, Cash Equivalents and Short-Term Investments | 134.75B | 115.13B | 130.06B | 118.60B | 137.80B | 147.07B |
| Total Debt | 170.48B | 171.33B | 150.00B | 119.50B | 116.01B | 78.95B |
| Total Liabilities | 1.04T | 969.24B | 923.40B | 917.41B | 896.63B | 881.62B |
| Stockholders Equity | 49.45B | 50.31B | 54.68B | 49.91B | 53.92B | 54.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -22.88B | -11.59B | -11.34B | -15.13B | 102.89B |
| Operating Cash Flow | 0.00 | -22.54B | -11.34B | -11.11B | -14.94B | 103.18B |
| Investing Cash Flow | 0.00 | -6.03B | -8.54B | -5.31B | 6.22B | -8.49B |
| Financing Cash Flow | 0.00 | 5.37B | -4.89B | 4.65B | 5.39B | -34.80B |
ING Groep Technical Analysis
ING Groep Risk Analysis
ING Groep Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $68.83B | 10.00 | 14.58% | 3.67% | 7.43% | 30.31% | |
80 Outperform | $300.10B | 15.80 | 11.56% | 1.80% | -4.37% | 26.41% | |
77 Outperform | $89.95B | 11.90 | 9.44% | 1.71% | 17.50% | 49.25% | |
76 Outperform | $135.49B | 11.95 | 18.00% | 3.27% | 7.52% | 10.40% | |
72 Outperform | $80.46B | 12.70 | 11.71% | 4.14% | 2.20% | -0.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $217.07B | 17.06 | 6.88% | 1.94% | -0.62% | 105.57% |
ING Groep Corporate Events
On 30 December 2025, ING Groep reported progress on the €1.1 billion share buyback programme it launched on 30 October 2025, confirming that it repurchased 956,622 shares between 22 and 26 December 2025 at an average price of €23.87, for a total of €22.84 million. In line with the programme’s objective of reducing ING’s share capital, the bank has cumulatively bought back 16,330,593 shares at an average price of €22.52, representing approximately €367.71 million in consideration and about 33.43% of the programme’s maximum value completed to date, a move that underscores its ongoing capital return to shareholders and may support earnings per share and capital efficiency.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On 23 December 2025, ING Groep reported progress on the €1.1 billion share buyback programme it launched on 30 October 2025, confirming that it repurchased 1,974,051 shares between 15 and 19 December 2025 at an average price of €23.54, for a total of €46.46 million. The group has so far acquired 15,373,971 shares under the programme at an average price of €22.43, representing a cumulative outlay of about €344.9 million and completion of roughly 31.35% of the planned buyback, a move aimed at reducing the bank’s share capital and potentially enhancing earnings per share and capital efficiency for investors.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On December 16, 2025, ING announced progress on its €1.1 billion share buyback program, which began on October 30, 2025. During the week of December 8 to 12, 2025, ING repurchased 2,017,765 shares at an average price of €23.14, totaling €46,699,847.60. To date, 13,399,920 shares have been repurchased, representing approximately 27.13% of the program’s maximum total value. This initiative aims to reduce ING’s share capital, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On December 9, 2025, ING Groep N.V. announced progress on its €1.1 billion share buyback program, which began on October 30, 2025. During the week of December 1 to December 5, 2025, the company repurchased 1,710,214 shares at an average price of €22.64, totaling €38,719,035.48. To date, approximately 22.88% of the program’s maximum total value has been completed, with 11,382,155 shares repurchased at an average price of €22.11, amounting to €251,709,966.86. This initiative aims to reduce ING’s share capital, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On December 8, 2025, ING Groep announced the results of the 2025 EU-wide Transparency Exercise, conducted by the European Banking Authority and the European Central Bank. This annual exercise, which began in 2016, aims to provide market participants with sufficient information through COREP/FINREP data. The results, which are now available on the EBA website, allow banks to verify and correct data to ensure accuracy. This exercise is crucial for maintaining transparency and trust in the financial sector, impacting ING’s operations and its stakeholders by reinforcing its commitment to transparency and regulatory compliance.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On December 2, 2025, ING Groep announced progress on its €1.1 billion share buyback programme, revealing that 1,772,739 shares were repurchased between November 24 and November 28, 2025, at an average price of €22.02, totaling €39,040,724.40. This initiative aims to reduce the company’s share capital, with approximately 19.36% of the programme completed to date, reflecting ING’s strategic financial management and commitment to enhancing shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 25, 2025, ING announced progress in its €1.1 billion share buyback program, revealing that 2,767,892 shares were repurchased between November 17 and November 21, 2025, at an average price of €21.60, totaling €59,777,931.11. This initiative aims to reduce the share capital of ING, with approximately 15.81% of the program’s maximum total value completed, reflecting the company’s strategic financial management and commitment to enhancing shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 24, 2025, ING Group announced the successful completion of two significant risk transfer transactions, marking the first such deals for its Wholesale Banking division. These transactions, which cover corporate loans with a total notional exposure of €10.5 billion, are expected to reduce ING’s risk-weighted assets by €3.4 billion and positively impact its CET1 ratio. This strategic move is part of ING’s broader capital velocity strategy to enhance its ability to support corporate clients and contribute to European economic growth.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 18, 2025, ING Groep N.V. announced progress in its €1.1 billion share buyback program, having repurchased 2,056,087 shares between November 10 and 14, 2025, at an average price of €22.67. This initiative aims to reduce the company’s share capital, with approximately 10.38% of the program completed to date, reflecting ING’s strategic financial management and potential positive impact on shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 18, 2025, ING Bank Śląski, a major Polish bank and part of ING Group, announced the acquisition of the remaining 55% stake in Goldman Sachs TFI, bringing its ownership to 100%. This strategic move aims to strengthen ING’s position in the investment and retirement markets, catering to the evolving needs of Polish customers seeking alternatives to traditional savings products. The transaction, valued at PLN 396 million, is expected to complete in the first half of 2026, pending regulatory approval, and will slightly impact ING Bank Śląski’s capital ratios while having minimal effect on ING Group’s CET1 ratio.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 11, 2025, ING Groep N.V. announced progress in its €1.1 billion share buyback program, initiated on October 30, 2025. During the week of November 3 to November 7, 2025, the company repurchased 1,902,307 shares at an average price of €22.03, totaling €41,903,658.43. This initiative aims to reduce the share capital of ING, with approximately 6.14% of the program’s maximum total value completed to date. This move is part of ING’s strategy to strengthen its financial position and enhance shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On November 4, 2025, ING announced progress in its €1.1 billion share buyback programme, with 1,172,916 shares repurchased between October 30 and October 31, 2025, at an average price of €21.88. This initiative aims to reduce share capital and has completed approximately 2.33% of the maximum total value of the programme, potentially impacting shareholder value and market perception of the company’s financial health.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 30, 2025, ING Group announced the completion of the 2025 Supervisory Review and Evaluation Process (SREP) conducted by the European Central Bank (ECB). As a result of the ECB’s decision, ING’s additional own funds requirement will increase by 5 basis points, and the fully loaded CET1 requirement will rise to 11.00% starting January 1, 2026. The leverage ratio requirement will also increase to 3.6%. These changes reflect ING’s strong capital position, with a CET1 ratio of 13.4% and a leverage ratio of 4.4% as of September 30, 2025, both above the regulatory requirements.
The most recent analyst rating on (ING) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 30, 2025, ING Groep reported a robust financial performance for the third quarter of 2025, with a net result of €1,787 million and a profit before tax of €2,560 million. The company experienced significant growth in fee income and customer lending, driven by strong performances in both Retail and Wholesale Banking. Retail Banking saw a notable increase in mobile primary customers and lending, particularly in Germany, Spain, Italy, and Romania. Wholesale Banking benefited from increased corporate loan demand and higher fee income. ING also highlighted its commitment to sustainability, with a 29% increase in sustainable finance mobilization, and continued integration of AI technologies to enhance customer service and operational efficiency.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 30, 2025, ING Groep announced the completion of its share buyback program, initially declared on May 2, 2025, repurchasing over 101 million shares at an average price of €19.77, totaling approximately €2 billion. Additionally, ING unveiled a new shareholder distribution plan of up to €1.6 billion, including a €1.1 billion share buyback and a €0.5 billion cash payment, aiming to adjust its CET1 ratio towards the target of 13%. The European Central Bank has approved this distribution, which is expected to impact the CET1 ratio by 48 basis points.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 29, 2025, ING announced the appointment of Ida Lerner as the new Chief Financial Officer, effective April 1, 2026. Lerner, who previously served as CFO at Norwegian bank DNB, will succeed Tanate Phutrakul. The appointment is part of ING’s strategic efforts to strengthen its position as a digital and sustainable bank, with Lerner’s extensive experience expected to contribute significantly to these goals.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 28, 2025, ING Groep N.V. announced progress on its €2.0 billion share buyback program, initially announced on May 2, 2025. During the week of October 20 to October 24, 2025, ING repurchased 4,091,000 shares at an average price of €20.57, totaling €84,161,220. To date, the program has repurchased 100,595,891 shares, achieving approximately 99.39% completion of the maximum total value. This initiative aims to reduce the share capital of ING, reflecting the company’s strategic financial management and potentially impacting shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 23, 2025, ING Groep N.V. announced that Ljiljana Čortan will be appointed as the head of Wholesale Banking, succeeding Andrew Bester by April 2026. Ljiljana, currently the Chief Risk Officer, will step down from her current roles upon the transition. This leadership change is expected to further strengthen ING’s Wholesale Banking business, as Ljiljana brings over 25 years of international banking experience. The appointment is subject to regulatory approval, and a search for a new Chief Risk Officer has commenced.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 21, 2025, ING Groep announced progress in its €2.0 billion share buyback program, with 4,381,000 shares repurchased between October 13 and October 17, 2025, at an average price of €20.91. This brings the total shares repurchased to 96,504,891, representing approximately 95.18% of the program’s maximum value, indicating significant progress towards reducing the company’s share capital.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 14, 2025, ING Groep announced progress on its €2.0 billion share buyback programme, initially launched on May 2, 2025. During the week of October 6 to October 10, 2025, the company repurchased 4,239,000 shares at an average price of €21.32, totaling €90,367,787.70. To date, approximately 90.60% of the programme has been completed, with 92,123,891 shares repurchased at an average price of €19.67, amounting to €1,811,927,494.72. This initiative aims to reduce the share capital of ING, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.
On October 7, 2025, ING announced progress in its €2.0 billion share buyback program, with 4,270,000 shares repurchased between September 29 and October 3, 2025, at an average price of €22.18, totaling €94,692,423.50. This initiative aims to reduce ING’s share capital, with approximately 86.08% of the program completed, reflecting the company’s strategic financial management and its impact on shareholder value.
The most recent analyst rating on (ING) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on ING Groep stock, see the ING Stock Forecast page.