View ValuationING Groep 향후 성장Future 기준 점검 0/6ING Groep (는) 각각 연간 0% 및 4.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 3.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 14.9% 로 예상됩니다.핵심 정보0.0003%이익 성장률3.89%EPS 성장률Banks 이익 성장8.4%매출 성장률4.1%향후 자기자본이익률14.86%애널리스트 커버리지Good마지막 업데이트01 Jun 2026최근 향후 성장 업데이트Price Target Changed • Feb 02Price target increased by 7.1% to €26.20Up from €24.47, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of €25.35. Stock is up 60% over the past year. The company is forecast to post earnings per share of €2.27 for next year compared to €2.12 last year.공시 • Jan 30ING Groep N.V. Provides Earnings Guidance for the Year 2026 and 2027ING Groep N.V. provided earnings guidance for the year 2026 and 2027. For the year 2026, the company expects total income to grow to around EUR 24 billion. This outlook is supported by continued volume growth and an anticipated 5% to 10% increase in fee income. For the year 2027, the company expects total income to exceed EUR 25 billion, which is at the upper end of previous target range, including a higher fee income target, which the compay now expects to exceed EUR 5 billion in 2027.Major Estimate Revision • May 02Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €22.4b to €22.7b. EPS estimate increased from €1.92 to €2.27 per share. Net income forecast to grow 15% next year vs 1.3% growth forecast for Banks industry in the Netherlands. Consensus price target of €19.17 unchanged from last update. Share price rose 8.3% to €18.27 over the past week.Major Estimate Revision • May 02Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €21.9b to €22.1b. EPS estimate increased from €1.84 to €2.09 per share. Net income forecast to grow 53% next year vs 7.0% growth forecast for Banks industry in the Netherlands. Consensus price target up from €16.36 to €16.73. Share price rose 7.6% to €15.81 over the past week.모든 업데이트 보기Recent updates속보 • 20hING Groep Stock Advances as Share Buyback Nears €1b Target and Analyst Price Targets RiseING Groep has repurchased 10.7 million shares under its ongoing €1.0b share buyback that started on 30 April 2026, equal to about 27.47% of the programme’s maximum value so far. Weekly repurchases have ranged between 1.35 million and 2.05 million shares at average prices of €25.01 to €25.50, with the stated goal of reducing the bank’s share capital. Analysts at Deutsche Bank and others have raised their price targets for ING Groep to €30 per share and maintained Buy ratings following stronger-than-expected Q1 2026 profits and a confirmed outlook for 2026 and 2027. The combination of an active €1.0b buyback and reaffirmed multi-year outlook suggests management is comfortable committing capital to shareholders, while external analysts currently view ING Groep’s earnings profile positively. Investors may want to track the pace of repurchases relative to the total programme size, as well as any changes to analyst views if earnings or the macro backdrop diverge from current expectations.공시 • Jun 15ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Hilde Garssen would be appointed to the Management Board Banking (MBB) as chief human resources officer (CHRO), effective September 1, 2026. Hilde Garssen is currently chief people officer and a member of the Board of Management at KPN. She will succeed Ruth McGill, who left ING in November 2025. Isaac Vitini has overseen the CHRO role on an ad interim basis since then. Hilde Garssen has more than 25 years of experience across the banking and telecommunications sectors. She has held chief human resources officer roles at KPN and ABN AMRO. At KPN, Hilde has been the chief people officer since 2018 and a member of the Board of Management since 2019. Before joining KPN, Hilde spent 19 years at ABN AMRO in senior HR and transformation roles. The appointment of Hilde Garssen has been approved by the European Central Bank.공시 • Jun 10ING Groep N.V. Rolls Out Global Subscription Banking ModelING Groep NV announced a new global subscriptions model designed to make daily banking easier and deliver greater value for customers. The approach reflects changing customer expectations, with research showing a growing demand for simplicity, transparency and benefits that fit everyday life. Four plans ING Go, ING More, ING Extra and ING Max are introduced under one brand across all nine retail markets covering 41 million customers (Netherlands, Belgium, Germany, Spain, Italy, Australia, Poland, Romania, Türkiye). Each subscription plan combines everyday banking with additional features and lifestyle benefits that customers would otherwise arrange separately. The features included in each plan will be tailored per market, based on what customers value most locally. The new model also introduces premium plans, allowing customers to select a plan that includes a broader set of higher-value banking and lifestyle benefits. Examples include an enhanced card offer (debit and credit card in one plan), additional banking and investment benefits, comprehensive insurance cover, and partner-enabled extras such as streaming services, travel-related benefits, as well as loyalty and cashback features. By combining banking services with these added benefits in a single proposition, ING Groep NV aims to offer customers greater convenience, flexibility and value. Following launches in Belgium, Poland and Romania, the model is expanding market by market, with the Netherlands going live as part of a phased international rollout across retail markets. Including customers migrated from existing offerings, there are already 3 million customers enjoying the benefits of the new plans. With over 600bln in Retail banking customer deposits, the move marks an important step in the strategy to evolve from product-based banking towards more relationship-based customer propositions, combining banking, protection and lifestyle benefits within a single offering. The model is also aligned with the strategy to scale across markets, with the flexibility to stay relevant locally.속보 • Jun 09ING Progresses €1 Billion Share Buyback and Announces New Chief Risk Officer AppointmentING has progressed with its €1.0b share buyback program started on 30 April 2026, repurchasing 7.5 million shares by the end of May. This represents about 19.19% of the program's maximum value. Weekly repurchases ranged from 1.35 million to 2.05 million shares at average prices between €25.01 and €25.50, with the stated goal of reducing ING's share capital. ING plans to appoint Andrea Cesaroni as chief risk officer from 8 June 2026, subject to Executive Board appointment at an Extraordinary General Meeting on 31 July 2026, following his role as acting head of Risk since February 2026. The combination of an active €1.0b buyback and a pending CRO appointment highlights management attention on both capital structure and risk oversight, alongside analysts’ recent price target changes after stronger-than-expected Q1 2026 profits and a confirmed outlook for 2026 and 2027. Investors may want to monitor how the buyback pace, future capital return decisions and any risk policy updates under the new CRO align with earnings results and regulatory expectations over the rest of 2026.공시 • Jun 09ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Andrea Cesaroni will be appointed chief risk officer of ING. Andrea has been the head of Integrated Risk at ING since 2022 and additionally took on the role as head of Risk ad interim since 24 February 2026, reporting to the CFO, when former CRO Ljiljana Cortan took on her new role as head of Wholesale Banking. As announced earlier, Ljiljana Cortan will at the same moment step down from the Executive Board. Andrea joined ING in 2022 as head of Integrated Risk with overall responsibility for the risk management policies, frameworks and governance, including ESG risk, risk modelling and capital adequacy process. He has also been overseeing ING’s day-to-day risk management activities as head of Risk ad interim since 24 February 2026. Andrea has over 25 years of experience in financial services and risk management. He joined ING from UniCredit, where he was head of Group Financial Risk and later head of Group Risk Models & Credit Risk Governance, where he was responsible for credit and financial risk analytics as well as group-wide credit policies and lending guidelines. Before joining UniCredit he was a consultant at Deloitte and Arthur Andersen. Andrea is Italian and holds a Bachelor’s in Economics from the University of Rome and an MBA from the University of Bologna Business School.내러티브 업데이트 • Jun 06INGA: Future Returns Will Depend On Buybacks And Reliable Earnings ExecutionAnalysts have lifted the ING Groep price target to €28.01 from €27.70, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target increases from major banks. Analyst Commentary Recent Street research around ING Groep has been active, with several bullish analysts lifting price targets and at least one more cautious voice downgrading the stock.내러티브 업데이트 • May 07INGA: Future Returns Will Hinge On Execution Reliability And Ongoing Capital ReturnsING Groep's analyst price target edges higher to about €27.70 from roughly €27.07, as analysts factor in updated fair value estimates, a slightly higher discount rate and revised assumptions for growth, margins and future P/E. Analyst Commentary Recent research updates on ING Groep cluster around higher price targets, along with at least one downgrade, giving you a mixed but informative picture of how the stock is being viewed on valuation and execution.New Risk • May 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 02First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: €0.54 (up from €0.47 in 1Q 2025). Revenue: €5.48b (up 2.9% from 1Q 2025). Net income: €1.56b (up 6.9% from 1Q 2025). Profit margin: 28% (up from 27% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.내러티브 업데이트 • Apr 21INGA: Future Returns Will Depend On Volume Execution And Dividend ReliabilityAnalysts have nudged their price targets for ING Groep slightly higher, reflected in a modest fair value adjustment of about €0.06. This is supported by recent target increases from several banks and updated views on revenue growth, profit margins and future P/E assumptions.Upcoming Dividend • Apr 09Upcoming dividend of €0.74 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Dutch dividend payers (5.1%). Higher than average of industry peers (4.7%).내러티브 업데이트 • Apr 06INGA: Future Returns Will Hinge On Volume Execution And Dividend DeliveryThe updated analyst price target for ING Groep edges up to about €27.01, reflecting a series of recent target increases and upgrades from multiple banks, even as one firm turned more cautious. Analysts collectively point to steady revenue expectations, stable profit margins and only a modest shift in the assumed P/E multiple.내러티브 업데이트 • Mar 23INGA: Future Returns Will Hinge On Volume Execution And Cash DistributionsAnalysts have nudged the average price target on ING Groep higher to €29.30 from €28.50, reflecting a series of recent target increases and upgrades that point to growing confidence in the shares, even with a fresh downgrade from one major firm. Analyst Commentary Recent research on ING Groep has featured a mix of upgrades, fresh coverage and a new downgrade, giving you a fuller picture of how the market is weighing execution risks against the current valuation.공시 • Mar 17ING Groep N.V. has filed a Follow-on Equity Offering.ING Groep N.V. has filed a Follow-on Equity Offering. Security Name: Floating Rate Notes due 2032 Security Type: Corporate Bond/Note Security Features: Callable; EuroBonds; Eurodollar bonds; Floating Rate; Senior; Unsecured; Unsubordinated내러티브 업데이트 • Mar 07INGA: Future Returns Will Depend On Volume Execution And Cash DistributionsThe analyst price target for ING Groep has inched higher to about €26.94 from roughly €26.89, as analysts point to updated assumptions around growth volumes, profitability and P/E expectations reflected in recent target increases from several banks. Analyst Commentary Recent research points to a generally constructive stance on ING Groep, with several banks lifting their price targets and at least one firm moving to a more positive rating.Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.78 (up from €1.65 in FY 2024). Revenue: €24.5b (up 22% from FY 2024). Net income: €8.32b (up 56% from FY 2024). Profit margin: 34% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.60% (down from 1.70% in FY 2024). Non-performing loans: 1.77% (down from 1.93% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.내러티브 업데이트 • Feb 21INGA: Future Returns Will Hinge On Volume Execution And Cash DistributionsThe analyst price target for ING Groep has increased to €26.89 from €26.39, as analysts cite updated assumptions around growth, margins and a higher future P/E multiple, supported by a series of recent target hikes and rating upgrades from major brokerages. Analyst Commentary Recent research has leaned more supportive of ING Groep, with several price target hikes and rating upgrades clustering over a short period.내러티브 업데이트 • Feb 07INGA: Future Returns Will Depend On Execution Of Earnings And Cash Distribution PlansOur fair value estimate for ING Groep has shifted from €24.69 to €26.39, with analysts pointing to recent price target increases and rating upgrades that reflect their views on volume growth prospects, profitability, and updated P/E expectations. Analyst Commentary Recent Street research on ING Groep has been active, with several firms updating views on the shares.공시 • Feb 06ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Ljiljana Cortan will be appointed head of ING Wholesale Banking, effective February 24, 2026. She is succeeding Andrew Bester, who, as announced last October, is returning to the UK to start the non-executive phase of his career. Having completed the handover of the Wholesale Banking activities, Andrew Bester will step down from the Management Board Banking on February 24, 2026. As of February 24, 2026, Ljiljana Cortan will leave her position as chief risk officer (CRO), which she assumed in 2021. The selection process for a new CRO is underway. Until the appointment of a successor, Ljiljana will remain a member of the Executive Board, with ING’s chief financial officer temporarily assuming responsibility for risk on the Executive Board. The day-to-day risk management activities until a CRO is appointed will be performed by Andrea Cesaroni, currently head of Integrated Risk, who will, in the ad interim role of head of risk, report to the CFO. Andrea has over 25 years of experience in financial services and risk management. He joined ING in July 2022 and was appointed to his current role, responsible for risk management policies, frameworks and governance, including ESG risk, risk modelling and capital adequacy assessment. He joined ING from UniCredit, where among other roles he was head of Group Financial Risk and later he was head of Group Risk Models & Credit Risk Governance. Before joining UniCredit he was a consultant at Deloitte and Arthur Andersen. The appointment of Ljiljana Cortan as head of Wholesale Banking has been approved by the European Central Bank.Price Target Changed • Feb 02Price target increased by 7.1% to €26.20Up from €24.47, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of €25.35. Stock is up 60% over the past year. The company is forecast to post earnings per share of €2.27 for next year compared to €2.12 last year.Declared Dividend • Feb 01Fourth quarter dividend of €0.74 announcedShareholders will receive a dividend of €0.74. Ex-date: 16th April 2026 Payment date: 24th April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 30Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.12 (up from €1.65 in FY 2024). Revenue: €21.7b (up 8.4% from FY 2024). Net income: €6.33b (up 19% from FY 2024). Profit margin: 29% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.36% (down from 1.70% in FY 2024). Cost-to-income ratio: 54.6% (up from 53.6% in FY 2024). Non-performing loans: 1.57% (down from 1.93% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공시 • Jan 30ING Groep N.V. Provides Earnings Guidance for the Year 2026 and 2027ING Groep N.V. provided earnings guidance for the year 2026 and 2027. For the year 2026, the company expects total income to grow to around EUR 24 billion. This outlook is supported by continued volume growth and an anticipated 5% to 10% increase in fee income. For the year 2027, the company expects total income to exceed EUR 25 billion, which is at the upper end of previous target range, including a higher fee income target, which the compay now expects to exceed EUR 5 billion in 2027.공시 • Jan 29Ing Groep N.V. Proposes Final Dividend for the Year 2025ING Groep N.V. proposed final cash dividend over 2024 of €0.736 per share.내러티브 업데이트 • Jan 23INGA: Future Returns Will Rely On Profitability Discipline And Capital Distribution ExecutionThe updated analyst price target for ING Groep has increased to €24.69 from €23.62, as analysts reflect recent target changes from several banks and adjust assumptions around discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research on ING Groep points to a cluster of higher price targets from major banks, with several bullish analysts revisiting their assumptions on earnings power, capital return and the appropriate P/E multiple for the stock.공시 • Jan 20ING Groep N.V. Announces Resignation of Herna Verhagen from Supervisory BoardING Groep NV announced that Herna Verhagen will resign from the Supervisory Board as of the end of the 2026 annual general meeting. Herna Verhagen was appointed to the Supervisory Board at the AGM in April 2019 and started in her role effective 1 October 2019. She will leave ING to accept a board nomination at another listed financial services firm. In her role as Supervisory Board member, Herna is also chairwoman of the Remuneration Committee and member of the Nomination and Corporate Governance Committee and the Risk Committee.내러티브 업데이트 • Jan 09INGA: Future Returns Will Depend On Profitability Delivery And Disciplined Capital DistributionThe analyst price target for ING Groep has been raised to €23.62 from €23.30, supported by a series of higher Street targets ranging from €20 to €26 and analyst expectations reflected in slightly adjusted discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research points to a cluster of higher individual price targets for ING Groep, which supports the latest blended target of €23.62.공시 • Jan 07+ 1 more updateING Groep N.V. to Report Q3, 2026 Results on Oct 29, 2026ING Groep N.V. announced that they will report Q3, 2026 results on Oct 29, 2026공시 • Jan 06ING Announces Cash Distribution, Payable on 15 January 2026ING announced on January 5, 2026 that it will pay EUR 0.172 per share on 15 January 2026, as part of the up to EUR 1.6 billion distribution to shareholders as announced on 30 October 2025. The amount per share has been determined based on the total cash payment of EUR 500 million and the 2,902 million ordinary shares outstanding on 31 December 2025.내러티브 업데이트 • Dec 26INGA: Future Returns Will Hinge On Sustained Profitability Amid Mixed Rating OutlookAnalysts have modestly lifted their price targets on ING Groep to a mid EUR 20s range, reflecting updated views on its steady revenue growth, resilient profit margins and slightly higher required return, despite only marginal tweaks to key valuation inputs. Analyst Commentary Street research on ING Groep remains skewed to the upside, with several bullish analysts nudging targets into the mid EUR 20s, while a smaller group of more cautious voices highlight valuation ceiling risks and normalizing returns.내러티브 업데이트 • Dec 11INGA: Future Returns Will Depend On Sustained Profitability And Capital Return ExecutionThe analyst price target for ING Groep has inched higher to approximately EUR 23.30 from about EUR 23.28, as analysts factor in a slightly lower discount rate and modestly stronger long term earnings visibility. This aligns with a series of recent upward revisions to Street targets toward the mid EUR 20s.내러티브 업데이트 • Nov 27INGA: Future Performance Will Depend On Sustained Deposit Momentum And Earnings ExecutionING Groep's analyst price target has seen a modest increase, rising from EUR 22.92 to EUR 23.28. Analysts cite improving revenue growth estimates and recent sector upgrades as key factors supporting the adjustment.내러티브 업데이트 • Nov 11INGA: Future Performance Will Rely On Sustained Margin Improvements And Deposit StrengthAnalysts have raised their fair value estimate for ING Groep to €22.92 from €22.53. This change reflects improved revenue growth and higher profit margin expectations.공시 • Nov 01ING Groep N.V. to Report Q1, 2026 Results on Apr 30, 2026ING Groep N.V. announced that they will report Q1, 2026 results on Apr 30, 2026Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: €0.60. Revenue: €5.57b (flat on 3Q 2024). Net income: €1.79b (down 4.9% from 3Q 2024). Profit margin: 32% (down from 34% in 3Q 2024). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in Europe.공시 • Oct 29+ 1 more updateIda Lerner to Become as Member of the Management Board of ING, Effective April 1, 2026ING has named a new chief financial officer (CFO). Ida Lerner is to be appointed to the role. Until recently, she was CFO at Norwegian bank, DNB. From April 1, 2026, Ida Lerner will become a member of the Management Board, Banking. The Supervisory Board will propose to shareholders to appoint her as member of the Executive Board and as CFO of ING Group at the Annual General Meeting in April 2026. Ida was DNB's CFO since 2021. She joined the bank in 2007. Before taking the position as CFO, she served as head of DNB for the Central Eastern Europe, Middle East Africa region based in London, chief of Customer Analysis in Northern Europe, Middle East Africa and group executive vice president for Risk Management. Prior to joining DNB, she worked in various roles at HSBC and Nordea. Ida holds a Bachelor in Social Sciences, with an emphasis on economics from the University of Stockholm. The appointment of Ida has been approved by the European Central Bank.내러티브 업데이트 • Oct 28Deposit Surge And Green Finance Will Shape Banking Performance AheadAnalysts have slightly raised their fair value price target for ING Groep from €22.48 to €22.53. This change reflects improved revenue growth and profit margin expectations.공시 • Oct 23Ing Groep N.V. Announces Management ChangesING Groep N.V. announced Ljiljana Cortan will be appointed head of Wholesale Banking and succeed Andrew Bester no later than at the day of the Annual General Meeting in April 2026. Ljiljana is currently chief risk officer (CRO), member of the Executive Board and the Management Board Banking and will continue in these roles until the changes take effect, at which point she will step down from the Executive Board of ING Groep N.V. Ljiljana joined ING and took on her current role in 2021. She has more than 25 years of international banking experience in various positions in risk, corporate banking, strategy and business development, among others as head of Corporate and Investment Banking Strategy for Central and Eastern Europe and global head of Financial Institutions, Banks and Sovereigns at UniCredit. Before joining ING, she was a member of the Management Board and CRO at HypoVereinsbank, a subsidiary of UniCredit Germany. Andrew Bester joined ING in April 2021 with more than 30 years of experience in banking and professional services including executive roles at Lloyds, Standard Chartered and Co-operative Bank. The appointment of Ljiljana Cortan as head of Wholesale Banking is subject to regulatory approval. The search for a successor as CRO has been initiated, and announcements will be made in due course.내러티브 업데이트 • Oct 04Digital Banking And Green Finance Will Redefine Future SuccessAnalysts have raised their price target for ING Groep from €22.20 to €22.48, citing stronger-than-expected deposit growth and improving net interest income outlooks as key factors supporting the upgrade. Analyst Commentary Bullish Takeaways Bullish analysts cite ING Groep’s robust deposit growth, which has reached 7% year-over-year and stands as one of the fastest rates among European banks.내러티브 업데이트 • Sep 19Digital Banking And Green Finance Will Redefine Future SuccessAnalysts have raised ING Groep’s price target to €22.20, citing robust 7% deposit growth, accelerating net interest income, and enhanced confidence in sustained earnings momentum. Analyst Commentary Bullish analysts highlight ING’s strong 7% year-over-year deposit growth, positioning it among the top in Europe.내러티브 업데이트 • Sep 04Digital Banking And Green Finance Will Redefine Future SuccessAnalysts remain positive on ING Groep, citing strong deposit growth, expected gains in net interest income, and sector leadership, though some express caution due to valuation concerns, with the consensus price target unchanged at €21.71. Analyst Commentary Bullish analysts cite ING's industry-leading 7% year-over-year deposit growth as a key driver of future earnings.새로운 내러티브 • Aug 12ING leads the pack when it comes to pivoting towards non-lending incomeING, of course, is a bank; and banks don't like falling interest rates, right? For the dominant stream of income is their core business model, i.e. borrowing short-term and lending long-term, reaping Declared Dividend • Aug 03Dividend of €0.35 announcedShareholders will receive a dividend of €0.35. Ex-date: 4th August 2025 Payment date: 11th August 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (69% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: €0.82 (down from €0.88 in 2Q 2024). Revenue: €9.73b (up 40% from 2Q 2024). Net income: €2.46b (down 14% from 2Q 2024). Profit margin: 25% (down from 42% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.공시 • Aug 01ING Groep N.V., Annual General Meeting, Apr 13, 2026ING Groep N.V., Annual General Meeting, Apr 13, 2026.공시 • Jul 31+ 2 more updatesING Groep N.V. to Report Q4, 2025 Results on Jan 29, 2026ING Groep N.V. announced that they will report Q4, 2025 results on Jan 29, 2026공시 • Jul 25ING Groep N.V. (ENXTAM:INGA) completed the acquisition of additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep.ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on March 2, 2025. Upon completion, ING Groep N.V. will own 20.3% stake in Van Lanschot Kempen NV. Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio. As of July 24, 2025, the deal has received regulatory approval. ING Groep N.V. (ENXTAM:INGA) completed the acquisition of additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on July 24, 2025.공시 • Jul 24+ 1 more updateING Groep N.V. Announces Tanate Phutrakul to Step Down as CFO in April 2026ING Groep N.V. announced that Tanate Phutrakul will step down from his position as CFO of ING. Tanate will leave ING as of the Annual General Meeting in April 2026, after 24 years at ING of which seven on the Executive Board. Tanate joined ING in 1998 as managing director of ING Barings Securities Thailand. From 2003 until 2008 he served as head of Wholesale Banking and chief financial officer of TMB Bank in Thailand. In successive years he served as CFO of ING’s Operations and IT unit, ING Retail Banking International and ING Belgium. In 2019, he was appointed to the Executive Board as CFO of ING Group. The search for a successor has been initiated and announcements will be made in due course.Reported Earnings • May 05First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: €0.47 (down from €0.48 in 1Q 2024). Revenue: €5.32b (flat on 1Q 2024). Net income: €1.46b (down 7.8% from 1Q 2024). Profit margin: 27% (down from 30% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.공시 • May 02ING Groep N.V. to Report Q3, 2025 Results on Oct 30, 2025ING Groep N.V. announced that they will report Q3, 2025 results on Oct 30, 2025Major Estimate Revision • May 02Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €22.4b to €22.7b. EPS estimate increased from €1.92 to €2.27 per share. Net income forecast to grow 15% next year vs 1.3% growth forecast for Banks industry in the Netherlands. Consensus price target of €19.17 unchanged from last update. Share price rose 8.3% to €18.27 over the past week.공시 • May 02ING Groep N.V. (ENXTAM:INGA) announces an Equity Buyback for €2,000 million worth of its shares.ING Groep N.V. (ENXTAM:INGA) announces a share repurchase program. Under the program, the company will repurchase up to €2,000 million worth of its shares through a non-discretionary arrangement with a financial intermediary. The purpose of the share buyback program is to converge company's CET1 ratio towards target of around 10.76%. The repurchase program will expire on October 27, 2025.공시 • Apr 23Ing Groep N.V. Appoints Stuart Graham and Petri Hofsté to the Supervisory BoardING Groep N.V. in its annual general meeting held on April 22, 2025 approved the appointment of Stuart Graham and Petri Hofsté to the Supervisory Board.Upcoming Dividend • Apr 17Upcoming dividend of €0.71 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Dutch dividend payers (5.9%). In line with average of industry peers (6.1%).Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €15.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 105% over the past three years.공시 • Mar 04ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep.ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on March 2, 2025. Upon completion, ING Groep N.V. will own 20.3% stake in Van Lanschot Kempen NV. Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio.Declared Dividend • Feb 09Dividend of €0.71 announcedShareholders will receive a dividend of €0.71. Ex-date: 24th April 2025 Payment date: 2nd May 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.98 (up from €1.16 in FY 2023). Revenue: €21.4b (up 22% from FY 2023). Net income: €6.39b (up 54% from FY 2023). Profit margin: 30% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.45% (down from 1.90% in FY 2023). Cost-to-income ratio: 53.6% (up from 51.2% in FY 2023). Non-performing loans: 1.66% (down from 1.78% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Jan 28ING Groep N.V. to Report Q2, 2025 Results on Jul 31, 2025ING Groep N.V. announced that they will report Q2, 2025 results on Jul 31, 2025새로운 내러티브 • Nov 07Digitalization And Sustainability Empower Growth Amid Market Challenges ING Groep's digitalization focus boosts growth, notably in Netherlands mortgages, improving revenue through increased market share. 공시 • Nov 01+ 1 more updateING Announces Additional Shareholder Distribution, Payable on 16 January 2025ING announced an additional shareholder distribution of up to €2.5 billion. The distribution consists of a share buyback programme for a maximum total amount of €2 billion and a cash dividend payment of €500 million. The share buyback programme will commence on 31 October 2024 and is expected to end no later than 30 April 2025. The cash dividend will be paid on 16 January 2025.New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 45% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin).Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analyst expectationsThird quarter 2024 results: Revenue: €5.58b (down 1.5% from 3Q 2023). Net income: €1.88b (down 5.1% from 3Q 2023). Profit margin: 34% (down from 35% in 3Q 2023). Revenue exceeded analyst estimates by 4.6%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.공시 • Oct 15ING Appoints Uday Sareen as Head for Wholesale Banking in the APAC RegionING has announced the appointment of a head for wholesale banking in the APAC region. The Amsterdam-headquartered banking firm has appointed Uday Sareen to the position. He is to oversee operations in 11 markets within the region. Sareen has three decades of banking experience.Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: €0.88. Revenue: €6.93b (up 44% from 2Q 2023). Net income: €2.88b (up 78% from 2Q 2023). Profit margin: 42% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.공시 • Aug 02ING Groep N.V., Annual General Meeting, Apr 22, 2025ING Groep N.V., Annual General Meeting, Apr 22, 2025.공시 • Aug 01+ 1 more updateING Groep N.V. to Report Q4, 2024 Results on Feb 06, 2025ING Groep N.V. announced that they will report Q4, 2024 results on Feb 06, 2025공시 • Jul 29ING Announces Executive ChangesING announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer. Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles for several companies. From 2017-2021 he worked at UniCredit, including as group chief information officer and CEO of UniCredit Services. Before that he held various roles at AXA Group, Evalueserve and Swiss Life. He started his career as a consultant at Mercer and later at McKinsey & Company in Switzerland. Daniele holds a master’s degree in industrial engineering from the Eidgenössische Technische Hochschule Zürich in Switzerland and completed various executive education programmes at Harvard, IMD, INSEAD and MIT Sloan. The appointment of Daniele Tonella as chief technology officer and member of the Management Board Banking has been approved by the European Central Bank.공시 • Jul 02ING Americas Announces Executive ChangesING announced two key appointments within its sector organization. Cindy Jia has been appointed head of Sustainable Finance for the Americas effective immediately. Based in New York, Cindy reports hierarchically to Matt Rosetti, head of Sectors Americas and functionally to Jacomijn Vels, ING's global head of Sustainable Finance. In her new role, Cindy will be responsible for building upon the team's industry-leading position in providing tailored advisory and financing solutions to support clients' sustainability projects and goals. Cindy will also be charged with continuing to evolve the team's mandate to meet ING's ambition of financing the sustainable transition and overseeing the implementation of ING's own sustainability strategy in the Americas region. Prior to rejoining ING in 2022 after an initial five-year stint in power project finance, Cindy spent seven years managing sister energy technology start-ups developing advanced heat exchangers and reactors which are critical components for a variety of energy transition applications. She holds a Bachelor's degree in Economics from the Wharton School of the University of Pennsylvania and a JD degree from St. Francis School of Law. Ana Carolina Oliveira, who previously held the Americas head of Sustainable Finance role, will now head Technology, Media, Telecom and Healthcare in the Americas reporting into Matt Rosetti. Ana Carolina is responsible for the overall strategy and continued investment in this critically important franchise in the Americas.Reported Earnings • May 05First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: €0.48. Revenue: €5.32b (down 2.9% from 1Q 2023). Net income: €1.58b (flat on 1Q 2023). Profit margin: 30% (in line with 1Q 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe.Major Estimate Revision • May 02Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €21.9b to €22.1b. EPS estimate increased from €1.84 to €2.09 per share. Net income forecast to grow 53% next year vs 7.0% growth forecast for Banks industry in the Netherlands. Consensus price target up from €16.36 to €16.73. Share price rose 7.6% to €15.81 over the past week.Upcoming Dividend • Apr 17Upcoming dividend of €0.76 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 03 May 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Dutch dividend payers (5.8%). In line with average of industry peers (6.7%).Reported Earnings • Mar 11Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €1.16 (down from €3.35 in FY 2022). Revenue: €17.6b (down 40% from FY 2022). Net income: €4.14b (down 66% from FY 2022). Profit margin: 24% (down from 41% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 1.90% (up from 1.50% in FY 2022). Cost-to-income ratio: 51.2% (down from 60.3% in FY 2022). Non-performing loans: 1.78% (down from 1.80% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Mar 06ING Americas Appoints Keith Tamayo as Managing Director, Head of North America Credit Sales to support Larger Expansion into ABS marketING Americas has announced the appointment of Keith Tamayo as Managing Director, Head of North America Credit Sales, as the company continues to expand its Capital Markets and Advisory (CMA) and Financial Markets offering in the Americas. In his new role, Keith will expand ING's coverage in investment grade securities as well as supporting the company's growth plans in the asset-backed securitization (ABS) market. ING will now actively provide ABS underwriting and distribution to its existing issuer clients and investor base. This additional capability has been added in response to growing demand from issuers and investors for ABS transactions. The ABS offering will align with key specialty sectors where ING already has deep industry expertise, such as TMT digital infrastructure, transportation and logistics, PACE, and diversified power/consumer finance. In addition, ING will also expand its coverage to leverage its global relationships with the auto sector and add auto ABS. Finally, ING will continue its strategic focus on being a lead green structurer in the ABS space. This latest announcement follows Michael Kendrot's recent appointment as head of Global Capital Markets (GCM). Kendrot is an experienced capital markets specialist with nearly 30 years of experience, which includes extensive ABS experience. Keith brings almost 20 years of experience in capital markets, with nearly 10 years spent at Lloyds Banking Group, most recently as Managing Director, Head of US Credit Sales/Deputy head of US Financial Markets. These latest hires will support ING's expanded securitization product offering in the US led by Thomas Ryan, Regional Head, Global Balance Sheet Distribution, Americas. This includes on balance sheet and conduit (through the long-standing ING-sponsored ABCP Conduit Mont Blanc Capital Corp) warehouse and term financing, combined with green ABS structuring.Declared Dividend • Feb 04Dividend of €0.76 announcedShareholders will receive a dividend of €0.76. Ex-date: 24th April 2024 Payment date: 3rd May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (50% forecast payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 2.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 02ING Groep N.V. Proposes to Pay Final Dividend for the Year Ended December 31, 2023, Euronext Amsterdam Payable on 3 May 2024 and Nyse Payable on 10 May 2024In line with its dividend policy, the board of ING Groep N.V. proposed to pay a final dividend over 2023 of €2.5 billion, subject to the approval by the annual general meeting to be held on 22 April 2024. The proposed final dividend over 2023 amounts to €0.756 per ordinary share and will be paid in cash shortly after approval by the annual general meeting. This will bring the total cash dividend over 2023 to €3.8 billion. The record date for final dividend 2023 entitlement (Euronext Amsterdam) is 25 April 2024, and record date for final dividend 2023 entitlement (NYSE) is 25 April 2024. The ex-date for final dividend 2023 (Euronext Amsterdam) is 24 April 2024. The payment date for final dividend 2023 (Euronext Amsterdam) is 3 May 2024, and payment date for final dividend 2023 (NYSE) is 10 May 2024.Reported Earnings • Feb 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €2.08 (down from €3.35 in FY 2022). Revenue: €22.1b (down 25% from FY 2022). Net income: €7.29b (down 40% from FY 2022). Profit margin: 33% (down from 41% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.공시 • Jan 17+ 1 more updateING Groep N.V. to Report Q2, 2024 Results on Aug 01, 2024ING Groep N.V. announced that they will report Q2, 2024 results on Aug 01, 2024공시 • Nov 03ING Groep N.V. to Report Q1, 2024 Results on May 02, 2024ING Groep N.V. announced that they will report Q1, 2024 results on May 02, 2024Reported Earnings • Nov 02Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €5.66b (up 40% from 3Q 2022). Net income: €1.98b (up 102% from 3Q 2022). Profit margin: 35% (up from 24% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.공시 • Nov 01Ing Groep N.V. Announces Management ChangesING Groep N.V. announced that Görkem Köseo lu will step down from his position as chief technology officer and member of the Management Board Banking, effective 1 November 2023. His departure follows mutual discussions on different views regarding the expectations about his leadership role within ING. Görkem was appointed as member of the Management Board Banking effective 1 September 2023. He has been working for ING for almost 12 years. Görkem joined ING in 2012 as chief operations officer and chief information officer at ING in Türkiye. In later capacities, he set up ING'sGlobal Analytics unit and was chief operations officer of ING Netherlands between September 2020 and September 2023. Marnix van Stiphout will take over the additional responsibilities as chief technology officer on an ad interim basis. Marnix has been chief operations officer and chief transformation officer (COO/CTO) and member of the Management Board Banking since 1 September 2021. He also acted as interim chief technology officer from May to August of 2023.공시 • Oct 13ING Groep N.V. Announces Executive ChangesING Groep N.V. announced the appointment of Sjoerd Miltenburg (40) as its new Head of Investor Relations. He succeeds Mark Milders, who was made responsible for ING’s Wholesale Banking activities in the Netherlands on 1 October. Sjoerd Miltenburg is currently the global Head of Compliance People and Functional Processes, part of ING’s risk department. He is a seasoned banker who began his career as an ING trainee in Wholesale Banking in 2007. He went on to hold a number of senior management roles within Wholesale Banking, including Head of Capital Structuring & Advisory for Asia Pacific in Singapore. Since 2019, he’s been responsible for managing organizational development of ING’s global Compliance function.이익 및 매출 성장 예측ENXTAM:INGA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202827,4548,253N/AN/A1312/31/202726,0017,549N/AN/A1512/31/202624,2286,729N/AN/A153/31/202624,6148,425N/AN/AN/A12/31/202524,4598,324-44,036-43,685N/A9/30/202520,0395,013N/AN/AN/A6/30/202519,5944,793-68,920-68,636N/A3/31/202520,0545,211N/AN/AN/A12/31/202420,0545,334-56,148-55,816N/A9/30/202417,2083,650N/AN/AN/A6/30/202419,5755,390-12,853-12,524N/A3/31/202417,5364,127N/AN/AN/A12/31/202317,6274,14011,70511,951N/A9/30/202334,05515,268N/AN/AN/A6/30/202323,0397,587-13,088-12,875N/A3/31/202331,29413,288N/AN/AN/A12/31/202229,42312,126-9,424-9,193N/A9/30/202226,54910,843N/AN/AN/A6/30/202227,10511,231-18,972-18,765N/A3/31/202217,0364,200N/AN/AN/A12/31/202119,5065,951-33,904-33,720N/A9/30/202117,7144,560N/AN/AN/A6/30/202116,9243,981-41,095-40,868N/A3/31/202115,6482,820N/AN/AN/A12/31/202014,6072,25018,17218,459N/A9/30/202013,7541,759N/AN/AN/A6/30/202016,6384,04351,77352,137N/A3/31/202015,5243,454N/AN/AN/A12/31/201917,1084,781N/A-2,411N/A9/30/201917,6165,231N/AN/AN/A6/30/201916,5643,814N/A-1,364N/A3/31/201917,5484,655N/AN/AN/A12/31/201817,5214,703N/A-13,404N/A9/30/201817,5374,446N/AN/AN/A6/30/201818,0485,604N/A-22,201N/A3/31/201817,2024,987N/AN/AN/A12/31/201717,7935,464N/A-23,544N/A9/30/201717,6734,967N/AN/AN/A6/30/201717,0884,614N/A-27,879N/A3/31/201717,3644,926N/AN/AN/A12/31/201616,9284,534N/A-14,940N/A9/30/201615,8274,276N/AN/AN/A6/30/201616,3634,792N/A1,104N/A3/31/201615,4164,047N/AN/AN/A12/31/201515,5914,466N/A-12,572N/A9/30/201515,2453,837N/A8,562N/A6/30/201515,2563,895N/A-15,939N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: INGA 의 연간 예상 수익 증가율(0%)이 saving rate(2.1%) 미만입니다.수익 vs 시장: INGA 의 연간 수익(0%)이 Dutch 시장(14.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: INGA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: INGA 의 수익(연간 4.1%)이 Dutch 시장(연간 10.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: INGA 의 수익(연간 4.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: INGA의 자본 수익률은 3년 후 14.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/17 09:00종가2026/06/17 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스ING Groep N.V.는 34명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullBanco de Sabadell. S.A.Juan Lopez CoboBanco SantanderNamita SamtaniBarclays31명의 분석가 더 보기
Price Target Changed • Feb 02Price target increased by 7.1% to €26.20Up from €24.47, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of €25.35. Stock is up 60% over the past year. The company is forecast to post earnings per share of €2.27 for next year compared to €2.12 last year.
공시 • Jan 30ING Groep N.V. Provides Earnings Guidance for the Year 2026 and 2027ING Groep N.V. provided earnings guidance for the year 2026 and 2027. For the year 2026, the company expects total income to grow to around EUR 24 billion. This outlook is supported by continued volume growth and an anticipated 5% to 10% increase in fee income. For the year 2027, the company expects total income to exceed EUR 25 billion, which is at the upper end of previous target range, including a higher fee income target, which the compay now expects to exceed EUR 5 billion in 2027.
Major Estimate Revision • May 02Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €22.4b to €22.7b. EPS estimate increased from €1.92 to €2.27 per share. Net income forecast to grow 15% next year vs 1.3% growth forecast for Banks industry in the Netherlands. Consensus price target of €19.17 unchanged from last update. Share price rose 8.3% to €18.27 over the past week.
Major Estimate Revision • May 02Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €21.9b to €22.1b. EPS estimate increased from €1.84 to €2.09 per share. Net income forecast to grow 53% next year vs 7.0% growth forecast for Banks industry in the Netherlands. Consensus price target up from €16.36 to €16.73. Share price rose 7.6% to €15.81 over the past week.
속보 • 20hING Groep Stock Advances as Share Buyback Nears €1b Target and Analyst Price Targets RiseING Groep has repurchased 10.7 million shares under its ongoing €1.0b share buyback that started on 30 April 2026, equal to about 27.47% of the programme’s maximum value so far. Weekly repurchases have ranged between 1.35 million and 2.05 million shares at average prices of €25.01 to €25.50, with the stated goal of reducing the bank’s share capital. Analysts at Deutsche Bank and others have raised their price targets for ING Groep to €30 per share and maintained Buy ratings following stronger-than-expected Q1 2026 profits and a confirmed outlook for 2026 and 2027. The combination of an active €1.0b buyback and reaffirmed multi-year outlook suggests management is comfortable committing capital to shareholders, while external analysts currently view ING Groep’s earnings profile positively. Investors may want to track the pace of repurchases relative to the total programme size, as well as any changes to analyst views if earnings or the macro backdrop diverge from current expectations.
공시 • Jun 15ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Hilde Garssen would be appointed to the Management Board Banking (MBB) as chief human resources officer (CHRO), effective September 1, 2026. Hilde Garssen is currently chief people officer and a member of the Board of Management at KPN. She will succeed Ruth McGill, who left ING in November 2025. Isaac Vitini has overseen the CHRO role on an ad interim basis since then. Hilde Garssen has more than 25 years of experience across the banking and telecommunications sectors. She has held chief human resources officer roles at KPN and ABN AMRO. At KPN, Hilde has been the chief people officer since 2018 and a member of the Board of Management since 2019. Before joining KPN, Hilde spent 19 years at ABN AMRO in senior HR and transformation roles. The appointment of Hilde Garssen has been approved by the European Central Bank.
공시 • Jun 10ING Groep N.V. Rolls Out Global Subscription Banking ModelING Groep NV announced a new global subscriptions model designed to make daily banking easier and deliver greater value for customers. The approach reflects changing customer expectations, with research showing a growing demand for simplicity, transparency and benefits that fit everyday life. Four plans ING Go, ING More, ING Extra and ING Max are introduced under one brand across all nine retail markets covering 41 million customers (Netherlands, Belgium, Germany, Spain, Italy, Australia, Poland, Romania, Türkiye). Each subscription plan combines everyday banking with additional features and lifestyle benefits that customers would otherwise arrange separately. The features included in each plan will be tailored per market, based on what customers value most locally. The new model also introduces premium plans, allowing customers to select a plan that includes a broader set of higher-value banking and lifestyle benefits. Examples include an enhanced card offer (debit and credit card in one plan), additional banking and investment benefits, comprehensive insurance cover, and partner-enabled extras such as streaming services, travel-related benefits, as well as loyalty and cashback features. By combining banking services with these added benefits in a single proposition, ING Groep NV aims to offer customers greater convenience, flexibility and value. Following launches in Belgium, Poland and Romania, the model is expanding market by market, with the Netherlands going live as part of a phased international rollout across retail markets. Including customers migrated from existing offerings, there are already 3 million customers enjoying the benefits of the new plans. With over 600bln in Retail banking customer deposits, the move marks an important step in the strategy to evolve from product-based banking towards more relationship-based customer propositions, combining banking, protection and lifestyle benefits within a single offering. The model is also aligned with the strategy to scale across markets, with the flexibility to stay relevant locally.
속보 • Jun 09ING Progresses €1 Billion Share Buyback and Announces New Chief Risk Officer AppointmentING has progressed with its €1.0b share buyback program started on 30 April 2026, repurchasing 7.5 million shares by the end of May. This represents about 19.19% of the program's maximum value. Weekly repurchases ranged from 1.35 million to 2.05 million shares at average prices between €25.01 and €25.50, with the stated goal of reducing ING's share capital. ING plans to appoint Andrea Cesaroni as chief risk officer from 8 June 2026, subject to Executive Board appointment at an Extraordinary General Meeting on 31 July 2026, following his role as acting head of Risk since February 2026. The combination of an active €1.0b buyback and a pending CRO appointment highlights management attention on both capital structure and risk oversight, alongside analysts’ recent price target changes after stronger-than-expected Q1 2026 profits and a confirmed outlook for 2026 and 2027. Investors may want to monitor how the buyback pace, future capital return decisions and any risk policy updates under the new CRO align with earnings results and regulatory expectations over the rest of 2026.
공시 • Jun 09ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Andrea Cesaroni will be appointed chief risk officer of ING. Andrea has been the head of Integrated Risk at ING since 2022 and additionally took on the role as head of Risk ad interim since 24 February 2026, reporting to the CFO, when former CRO Ljiljana Cortan took on her new role as head of Wholesale Banking. As announced earlier, Ljiljana Cortan will at the same moment step down from the Executive Board. Andrea joined ING in 2022 as head of Integrated Risk with overall responsibility for the risk management policies, frameworks and governance, including ESG risk, risk modelling and capital adequacy process. He has also been overseeing ING’s day-to-day risk management activities as head of Risk ad interim since 24 February 2026. Andrea has over 25 years of experience in financial services and risk management. He joined ING from UniCredit, where he was head of Group Financial Risk and later head of Group Risk Models & Credit Risk Governance, where he was responsible for credit and financial risk analytics as well as group-wide credit policies and lending guidelines. Before joining UniCredit he was a consultant at Deloitte and Arthur Andersen. Andrea is Italian and holds a Bachelor’s in Economics from the University of Rome and an MBA from the University of Bologna Business School.
내러티브 업데이트 • Jun 06INGA: Future Returns Will Depend On Buybacks And Reliable Earnings ExecutionAnalysts have lifted the ING Groep price target to €28.01 from €27.70, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target increases from major banks. Analyst Commentary Recent Street research around ING Groep has been active, with several bullish analysts lifting price targets and at least one more cautious voice downgrading the stock.
내러티브 업데이트 • May 07INGA: Future Returns Will Hinge On Execution Reliability And Ongoing Capital ReturnsING Groep's analyst price target edges higher to about €27.70 from roughly €27.07, as analysts factor in updated fair value estimates, a slightly higher discount rate and revised assumptions for growth, margins and future P/E. Analyst Commentary Recent research updates on ING Groep cluster around higher price targets, along with at least one downgrade, giving you a mixed but informative picture of how the stock is being viewed on valuation and execution.
New Risk • May 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 02First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: €0.54 (up from €0.47 in 1Q 2025). Revenue: €5.48b (up 2.9% from 1Q 2025). Net income: €1.56b (up 6.9% from 1Q 2025). Profit margin: 28% (up from 27% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
내러티브 업데이트 • Apr 21INGA: Future Returns Will Depend On Volume Execution And Dividend ReliabilityAnalysts have nudged their price targets for ING Groep slightly higher, reflected in a modest fair value adjustment of about €0.06. This is supported by recent target increases from several banks and updated views on revenue growth, profit margins and future P/E assumptions.
Upcoming Dividend • Apr 09Upcoming dividend of €0.74 per shareEligible shareholders must have bought the stock before 16 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Dutch dividend payers (5.1%). Higher than average of industry peers (4.7%).
내러티브 업데이트 • Apr 06INGA: Future Returns Will Hinge On Volume Execution And Dividend DeliveryThe updated analyst price target for ING Groep edges up to about €27.01, reflecting a series of recent target increases and upgrades from multiple banks, even as one firm turned more cautious. Analysts collectively point to steady revenue expectations, stable profit margins and only a modest shift in the assumed P/E multiple.
내러티브 업데이트 • Mar 23INGA: Future Returns Will Hinge On Volume Execution And Cash DistributionsAnalysts have nudged the average price target on ING Groep higher to €29.30 from €28.50, reflecting a series of recent target increases and upgrades that point to growing confidence in the shares, even with a fresh downgrade from one major firm. Analyst Commentary Recent research on ING Groep has featured a mix of upgrades, fresh coverage and a new downgrade, giving you a fuller picture of how the market is weighing execution risks against the current valuation.
공시 • Mar 17ING Groep N.V. has filed a Follow-on Equity Offering.ING Groep N.V. has filed a Follow-on Equity Offering. Security Name: Floating Rate Notes due 2032 Security Type: Corporate Bond/Note Security Features: Callable; EuroBonds; Eurodollar bonds; Floating Rate; Senior; Unsecured; Unsubordinated
내러티브 업데이트 • Mar 07INGA: Future Returns Will Depend On Volume Execution And Cash DistributionsThe analyst price target for ING Groep has inched higher to about €26.94 from roughly €26.89, as analysts point to updated assumptions around growth volumes, profitability and P/E expectations reflected in recent target increases from several banks. Analyst Commentary Recent research points to a generally constructive stance on ING Groep, with several banks lifting their price targets and at least one firm moving to a more positive rating.
Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.78 (up from €1.65 in FY 2024). Revenue: €24.5b (up 22% from FY 2024). Net income: €8.32b (up 56% from FY 2024). Profit margin: 34% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.60% (down from 1.70% in FY 2024). Non-performing loans: 1.77% (down from 1.93% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
내러티브 업데이트 • Feb 21INGA: Future Returns Will Hinge On Volume Execution And Cash DistributionsThe analyst price target for ING Groep has increased to €26.89 from €26.39, as analysts cite updated assumptions around growth, margins and a higher future P/E multiple, supported by a series of recent target hikes and rating upgrades from major brokerages. Analyst Commentary Recent research has leaned more supportive of ING Groep, with several price target hikes and rating upgrades clustering over a short period.
내러티브 업데이트 • Feb 07INGA: Future Returns Will Depend On Execution Of Earnings And Cash Distribution PlansOur fair value estimate for ING Groep has shifted from €24.69 to €26.39, with analysts pointing to recent price target increases and rating upgrades that reflect their views on volume growth prospects, profitability, and updated P/E expectations. Analyst Commentary Recent Street research on ING Groep has been active, with several firms updating views on the shares.
공시 • Feb 06ING Groep N.V. Announces Executive ChangesING Groep N.V. announced that Ljiljana Cortan will be appointed head of ING Wholesale Banking, effective February 24, 2026. She is succeeding Andrew Bester, who, as announced last October, is returning to the UK to start the non-executive phase of his career. Having completed the handover of the Wholesale Banking activities, Andrew Bester will step down from the Management Board Banking on February 24, 2026. As of February 24, 2026, Ljiljana Cortan will leave her position as chief risk officer (CRO), which she assumed in 2021. The selection process for a new CRO is underway. Until the appointment of a successor, Ljiljana will remain a member of the Executive Board, with ING’s chief financial officer temporarily assuming responsibility for risk on the Executive Board. The day-to-day risk management activities until a CRO is appointed will be performed by Andrea Cesaroni, currently head of Integrated Risk, who will, in the ad interim role of head of risk, report to the CFO. Andrea has over 25 years of experience in financial services and risk management. He joined ING in July 2022 and was appointed to his current role, responsible for risk management policies, frameworks and governance, including ESG risk, risk modelling and capital adequacy assessment. He joined ING from UniCredit, where among other roles he was head of Group Financial Risk and later he was head of Group Risk Models & Credit Risk Governance. Before joining UniCredit he was a consultant at Deloitte and Arthur Andersen. The appointment of Ljiljana Cortan as head of Wholesale Banking has been approved by the European Central Bank.
Price Target Changed • Feb 02Price target increased by 7.1% to €26.20Up from €24.47, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of €25.35. Stock is up 60% over the past year. The company is forecast to post earnings per share of €2.27 for next year compared to €2.12 last year.
Declared Dividend • Feb 01Fourth quarter dividend of €0.74 announcedShareholders will receive a dividend of €0.74. Ex-date: 16th April 2026 Payment date: 24th April 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 30Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.12 (up from €1.65 in FY 2024). Revenue: €21.7b (up 8.4% from FY 2024). Net income: €6.33b (up 19% from FY 2024). Profit margin: 29% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.36% (down from 1.70% in FY 2024). Cost-to-income ratio: 54.6% (up from 53.6% in FY 2024). Non-performing loans: 1.57% (down from 1.93% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공시 • Jan 30ING Groep N.V. Provides Earnings Guidance for the Year 2026 and 2027ING Groep N.V. provided earnings guidance for the year 2026 and 2027. For the year 2026, the company expects total income to grow to around EUR 24 billion. This outlook is supported by continued volume growth and an anticipated 5% to 10% increase in fee income. For the year 2027, the company expects total income to exceed EUR 25 billion, which is at the upper end of previous target range, including a higher fee income target, which the compay now expects to exceed EUR 5 billion in 2027.
공시 • Jan 29Ing Groep N.V. Proposes Final Dividend for the Year 2025ING Groep N.V. proposed final cash dividend over 2024 of €0.736 per share.
내러티브 업데이트 • Jan 23INGA: Future Returns Will Rely On Profitability Discipline And Capital Distribution ExecutionThe updated analyst price target for ING Groep has increased to €24.69 from €23.62, as analysts reflect recent target changes from several banks and adjust assumptions around discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research on ING Groep points to a cluster of higher price targets from major banks, with several bullish analysts revisiting their assumptions on earnings power, capital return and the appropriate P/E multiple for the stock.
공시 • Jan 20ING Groep N.V. Announces Resignation of Herna Verhagen from Supervisory BoardING Groep NV announced that Herna Verhagen will resign from the Supervisory Board as of the end of the 2026 annual general meeting. Herna Verhagen was appointed to the Supervisory Board at the AGM in April 2019 and started in her role effective 1 October 2019. She will leave ING to accept a board nomination at another listed financial services firm. In her role as Supervisory Board member, Herna is also chairwoman of the Remuneration Committee and member of the Nomination and Corporate Governance Committee and the Risk Committee.
내러티브 업데이트 • Jan 09INGA: Future Returns Will Depend On Profitability Delivery And Disciplined Capital DistributionThe analyst price target for ING Groep has been raised to €23.62 from €23.30, supported by a series of higher Street targets ranging from €20 to €26 and analyst expectations reflected in slightly adjusted discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research points to a cluster of higher individual price targets for ING Groep, which supports the latest blended target of €23.62.
공시 • Jan 07+ 1 more updateING Groep N.V. to Report Q3, 2026 Results on Oct 29, 2026ING Groep N.V. announced that they will report Q3, 2026 results on Oct 29, 2026
공시 • Jan 06ING Announces Cash Distribution, Payable on 15 January 2026ING announced on January 5, 2026 that it will pay EUR 0.172 per share on 15 January 2026, as part of the up to EUR 1.6 billion distribution to shareholders as announced on 30 October 2025. The amount per share has been determined based on the total cash payment of EUR 500 million and the 2,902 million ordinary shares outstanding on 31 December 2025.
내러티브 업데이트 • Dec 26INGA: Future Returns Will Hinge On Sustained Profitability Amid Mixed Rating OutlookAnalysts have modestly lifted their price targets on ING Groep to a mid EUR 20s range, reflecting updated views on its steady revenue growth, resilient profit margins and slightly higher required return, despite only marginal tweaks to key valuation inputs. Analyst Commentary Street research on ING Groep remains skewed to the upside, with several bullish analysts nudging targets into the mid EUR 20s, while a smaller group of more cautious voices highlight valuation ceiling risks and normalizing returns.
내러티브 업데이트 • Dec 11INGA: Future Returns Will Depend On Sustained Profitability And Capital Return ExecutionThe analyst price target for ING Groep has inched higher to approximately EUR 23.30 from about EUR 23.28, as analysts factor in a slightly lower discount rate and modestly stronger long term earnings visibility. This aligns with a series of recent upward revisions to Street targets toward the mid EUR 20s.
내러티브 업데이트 • Nov 27INGA: Future Performance Will Depend On Sustained Deposit Momentum And Earnings ExecutionING Groep's analyst price target has seen a modest increase, rising from EUR 22.92 to EUR 23.28. Analysts cite improving revenue growth estimates and recent sector upgrades as key factors supporting the adjustment.
내러티브 업데이트 • Nov 11INGA: Future Performance Will Rely On Sustained Margin Improvements And Deposit StrengthAnalysts have raised their fair value estimate for ING Groep to €22.92 from €22.53. This change reflects improved revenue growth and higher profit margin expectations.
공시 • Nov 01ING Groep N.V. to Report Q1, 2026 Results on Apr 30, 2026ING Groep N.V. announced that they will report Q1, 2026 results on Apr 30, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: €0.60. Revenue: €5.57b (flat on 3Q 2024). Net income: €1.79b (down 4.9% from 3Q 2024). Profit margin: 32% (down from 34% in 3Q 2024). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in Europe.
공시 • Oct 29+ 1 more updateIda Lerner to Become as Member of the Management Board of ING, Effective April 1, 2026ING has named a new chief financial officer (CFO). Ida Lerner is to be appointed to the role. Until recently, she was CFO at Norwegian bank, DNB. From April 1, 2026, Ida Lerner will become a member of the Management Board, Banking. The Supervisory Board will propose to shareholders to appoint her as member of the Executive Board and as CFO of ING Group at the Annual General Meeting in April 2026. Ida was DNB's CFO since 2021. She joined the bank in 2007. Before taking the position as CFO, she served as head of DNB for the Central Eastern Europe, Middle East Africa region based in London, chief of Customer Analysis in Northern Europe, Middle East Africa and group executive vice president for Risk Management. Prior to joining DNB, she worked in various roles at HSBC and Nordea. Ida holds a Bachelor in Social Sciences, with an emphasis on economics from the University of Stockholm. The appointment of Ida has been approved by the European Central Bank.
내러티브 업데이트 • Oct 28Deposit Surge And Green Finance Will Shape Banking Performance AheadAnalysts have slightly raised their fair value price target for ING Groep from €22.48 to €22.53. This change reflects improved revenue growth and profit margin expectations.
공시 • Oct 23Ing Groep N.V. Announces Management ChangesING Groep N.V. announced Ljiljana Cortan will be appointed head of Wholesale Banking and succeed Andrew Bester no later than at the day of the Annual General Meeting in April 2026. Ljiljana is currently chief risk officer (CRO), member of the Executive Board and the Management Board Banking and will continue in these roles until the changes take effect, at which point she will step down from the Executive Board of ING Groep N.V. Ljiljana joined ING and took on her current role in 2021. She has more than 25 years of international banking experience in various positions in risk, corporate banking, strategy and business development, among others as head of Corporate and Investment Banking Strategy for Central and Eastern Europe and global head of Financial Institutions, Banks and Sovereigns at UniCredit. Before joining ING, she was a member of the Management Board and CRO at HypoVereinsbank, a subsidiary of UniCredit Germany. Andrew Bester joined ING in April 2021 with more than 30 years of experience in banking and professional services including executive roles at Lloyds, Standard Chartered and Co-operative Bank. The appointment of Ljiljana Cortan as head of Wholesale Banking is subject to regulatory approval. The search for a successor as CRO has been initiated, and announcements will be made in due course.
내러티브 업데이트 • Oct 04Digital Banking And Green Finance Will Redefine Future SuccessAnalysts have raised their price target for ING Groep from €22.20 to €22.48, citing stronger-than-expected deposit growth and improving net interest income outlooks as key factors supporting the upgrade. Analyst Commentary Bullish Takeaways Bullish analysts cite ING Groep’s robust deposit growth, which has reached 7% year-over-year and stands as one of the fastest rates among European banks.
내러티브 업데이트 • Sep 19Digital Banking And Green Finance Will Redefine Future SuccessAnalysts have raised ING Groep’s price target to €22.20, citing robust 7% deposit growth, accelerating net interest income, and enhanced confidence in sustained earnings momentum. Analyst Commentary Bullish analysts highlight ING’s strong 7% year-over-year deposit growth, positioning it among the top in Europe.
내러티브 업데이트 • Sep 04Digital Banking And Green Finance Will Redefine Future SuccessAnalysts remain positive on ING Groep, citing strong deposit growth, expected gains in net interest income, and sector leadership, though some express caution due to valuation concerns, with the consensus price target unchanged at €21.71. Analyst Commentary Bullish analysts cite ING's industry-leading 7% year-over-year deposit growth as a key driver of future earnings.
새로운 내러티브 • Aug 12ING leads the pack when it comes to pivoting towards non-lending incomeING, of course, is a bank; and banks don't like falling interest rates, right? For the dominant stream of income is their core business model, i.e. borrowing short-term and lending long-term, reaping
Declared Dividend • Aug 03Dividend of €0.35 announcedShareholders will receive a dividend of €0.35. Ex-date: 4th August 2025 Payment date: 11th August 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (69% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: €0.82 (down from €0.88 in 2Q 2024). Revenue: €9.73b (up 40% from 2Q 2024). Net income: €2.46b (down 14% from 2Q 2024). Profit margin: 25% (down from 42% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
공시 • Aug 01ING Groep N.V., Annual General Meeting, Apr 13, 2026ING Groep N.V., Annual General Meeting, Apr 13, 2026.
공시 • Jul 31+ 2 more updatesING Groep N.V. to Report Q4, 2025 Results on Jan 29, 2026ING Groep N.V. announced that they will report Q4, 2025 results on Jan 29, 2026
공시 • Jul 25ING Groep N.V. (ENXTAM:INGA) completed the acquisition of additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep.ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on March 2, 2025. Upon completion, ING Groep N.V. will own 20.3% stake in Van Lanschot Kempen NV. Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio. As of July 24, 2025, the deal has received regulatory approval. ING Groep N.V. (ENXTAM:INGA) completed the acquisition of additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on July 24, 2025.
공시 • Jul 24+ 1 more updateING Groep N.V. Announces Tanate Phutrakul to Step Down as CFO in April 2026ING Groep N.V. announced that Tanate Phutrakul will step down from his position as CFO of ING. Tanate will leave ING as of the Annual General Meeting in April 2026, after 24 years at ING of which seven on the Executive Board. Tanate joined ING in 1998 as managing director of ING Barings Securities Thailand. From 2003 until 2008 he served as head of Wholesale Banking and chief financial officer of TMB Bank in Thailand. In successive years he served as CFO of ING’s Operations and IT unit, ING Retail Banking International and ING Belgium. In 2019, he was appointed to the Executive Board as CFO of ING Group. The search for a successor has been initiated and announcements will be made in due course.
Reported Earnings • May 05First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: €0.47 (down from €0.48 in 1Q 2024). Revenue: €5.32b (flat on 1Q 2024). Net income: €1.46b (down 7.8% from 1Q 2024). Profit margin: 27% (down from 30% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
공시 • May 02ING Groep N.V. to Report Q3, 2025 Results on Oct 30, 2025ING Groep N.V. announced that they will report Q3, 2025 results on Oct 30, 2025
Major Estimate Revision • May 02Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €22.4b to €22.7b. EPS estimate increased from €1.92 to €2.27 per share. Net income forecast to grow 15% next year vs 1.3% growth forecast for Banks industry in the Netherlands. Consensus price target of €19.17 unchanged from last update. Share price rose 8.3% to €18.27 over the past week.
공시 • May 02ING Groep N.V. (ENXTAM:INGA) announces an Equity Buyback for €2,000 million worth of its shares.ING Groep N.V. (ENXTAM:INGA) announces a share repurchase program. Under the program, the company will repurchase up to €2,000 million worth of its shares through a non-discretionary arrangement with a financial intermediary. The purpose of the share buyback program is to converge company's CET1 ratio towards target of around 10.76%. The repurchase program will expire on October 27, 2025.
공시 • Apr 23Ing Groep N.V. Appoints Stuart Graham and Petri Hofsté to the Supervisory BoardING Groep N.V. in its annual general meeting held on April 22, 2025 approved the appointment of Stuart Graham and Petri Hofsté to the Supervisory Board.
Upcoming Dividend • Apr 17Upcoming dividend of €0.71 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Dutch dividend payers (5.9%). In line with average of industry peers (6.1%).
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €15.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 105% over the past three years.
공시 • Mar 04ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep.ING Groep N.V. (ENXTAM:INGA) agreed to acquire an additional 17.6% stake in Van Lanschot Kempen NV (ENXTAM:VLK) from Reggeborgh Groep on March 2, 2025. Upon completion, ING Groep N.V. will own 20.3% stake in Van Lanschot Kempen NV. Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio.
Declared Dividend • Feb 09Dividend of €0.71 announcedShareholders will receive a dividend of €0.71. Ex-date: 24th April 2025 Payment date: 2nd May 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.98 (up from €1.16 in FY 2023). Revenue: €21.4b (up 22% from FY 2023). Net income: €6.39b (up 54% from FY 2023). Profit margin: 30% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 1.45% (down from 1.90% in FY 2023). Cost-to-income ratio: 53.6% (up from 51.2% in FY 2023). Non-performing loans: 1.66% (down from 1.78% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Jan 28ING Groep N.V. to Report Q2, 2025 Results on Jul 31, 2025ING Groep N.V. announced that they will report Q2, 2025 results on Jul 31, 2025
새로운 내러티브 • Nov 07Digitalization And Sustainability Empower Growth Amid Market Challenges ING Groep's digitalization focus boosts growth, notably in Netherlands mortgages, improving revenue through increased market share.
공시 • Nov 01+ 1 more updateING Announces Additional Shareholder Distribution, Payable on 16 January 2025ING announced an additional shareholder distribution of up to €2.5 billion. The distribution consists of a share buyback programme for a maximum total amount of €2 billion and a cash dividend payment of €500 million. The share buyback programme will commence on 31 October 2024 and is expected to end no later than 30 April 2025. The cash dividend will be paid on 16 January 2025.
New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 45% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin).
Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analyst expectationsThird quarter 2024 results: Revenue: €5.58b (down 1.5% from 3Q 2023). Net income: €1.88b (down 5.1% from 3Q 2023). Profit margin: 34% (down from 35% in 3Q 2023). Revenue exceeded analyst estimates by 4.6%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
공시 • Oct 15ING Appoints Uday Sareen as Head for Wholesale Banking in the APAC RegionING has announced the appointment of a head for wholesale banking in the APAC region. The Amsterdam-headquartered banking firm has appointed Uday Sareen to the position. He is to oversee operations in 11 markets within the region. Sareen has three decades of banking experience.
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: €0.88. Revenue: €6.93b (up 44% from 2Q 2023). Net income: €2.88b (up 78% from 2Q 2023). Profit margin: 42% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
공시 • Aug 02ING Groep N.V., Annual General Meeting, Apr 22, 2025ING Groep N.V., Annual General Meeting, Apr 22, 2025.
공시 • Aug 01+ 1 more updateING Groep N.V. to Report Q4, 2024 Results on Feb 06, 2025ING Groep N.V. announced that they will report Q4, 2024 results on Feb 06, 2025
공시 • Jul 29ING Announces Executive ChangesING announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer. Daniele Tonella (Swiss) has over 20 years of experience in technology leadership roles in the financial industry and is currently active in advisory and board roles for several companies. From 2017-2021 he worked at UniCredit, including as group chief information officer and CEO of UniCredit Services. Before that he held various roles at AXA Group, Evalueserve and Swiss Life. He started his career as a consultant at Mercer and later at McKinsey & Company in Switzerland. Daniele holds a master’s degree in industrial engineering from the Eidgenössische Technische Hochschule Zürich in Switzerland and completed various executive education programmes at Harvard, IMD, INSEAD and MIT Sloan. The appointment of Daniele Tonella as chief technology officer and member of the Management Board Banking has been approved by the European Central Bank.
공시 • Jul 02ING Americas Announces Executive ChangesING announced two key appointments within its sector organization. Cindy Jia has been appointed head of Sustainable Finance for the Americas effective immediately. Based in New York, Cindy reports hierarchically to Matt Rosetti, head of Sectors Americas and functionally to Jacomijn Vels, ING's global head of Sustainable Finance. In her new role, Cindy will be responsible for building upon the team's industry-leading position in providing tailored advisory and financing solutions to support clients' sustainability projects and goals. Cindy will also be charged with continuing to evolve the team's mandate to meet ING's ambition of financing the sustainable transition and overseeing the implementation of ING's own sustainability strategy in the Americas region. Prior to rejoining ING in 2022 after an initial five-year stint in power project finance, Cindy spent seven years managing sister energy technology start-ups developing advanced heat exchangers and reactors which are critical components for a variety of energy transition applications. She holds a Bachelor's degree in Economics from the Wharton School of the University of Pennsylvania and a JD degree from St. Francis School of Law. Ana Carolina Oliveira, who previously held the Americas head of Sustainable Finance role, will now head Technology, Media, Telecom and Healthcare in the Americas reporting into Matt Rosetti. Ana Carolina is responsible for the overall strategy and continued investment in this critically important franchise in the Americas.
Reported Earnings • May 05First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: €0.48. Revenue: €5.32b (down 2.9% from 1Q 2023). Net income: €1.58b (flat on 1Q 2023). Profit margin: 30% (in line with 1Q 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe.
Major Estimate Revision • May 02Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €21.9b to €22.1b. EPS estimate increased from €1.84 to €2.09 per share. Net income forecast to grow 53% next year vs 7.0% growth forecast for Banks industry in the Netherlands. Consensus price target up from €16.36 to €16.73. Share price rose 7.6% to €15.81 over the past week.
Upcoming Dividend • Apr 17Upcoming dividend of €0.76 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 03 May 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Dutch dividend payers (5.8%). In line with average of industry peers (6.7%).
Reported Earnings • Mar 11Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €1.16 (down from €3.35 in FY 2022). Revenue: €17.6b (down 40% from FY 2022). Net income: €4.14b (down 66% from FY 2022). Profit margin: 24% (down from 41% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 1.90% (up from 1.50% in FY 2022). Cost-to-income ratio: 51.2% (down from 60.3% in FY 2022). Non-performing loans: 1.78% (down from 1.80% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Mar 06ING Americas Appoints Keith Tamayo as Managing Director, Head of North America Credit Sales to support Larger Expansion into ABS marketING Americas has announced the appointment of Keith Tamayo as Managing Director, Head of North America Credit Sales, as the company continues to expand its Capital Markets and Advisory (CMA) and Financial Markets offering in the Americas. In his new role, Keith will expand ING's coverage in investment grade securities as well as supporting the company's growth plans in the asset-backed securitization (ABS) market. ING will now actively provide ABS underwriting and distribution to its existing issuer clients and investor base. This additional capability has been added in response to growing demand from issuers and investors for ABS transactions. The ABS offering will align with key specialty sectors where ING already has deep industry expertise, such as TMT digital infrastructure, transportation and logistics, PACE, and diversified power/consumer finance. In addition, ING will also expand its coverage to leverage its global relationships with the auto sector and add auto ABS. Finally, ING will continue its strategic focus on being a lead green structurer in the ABS space. This latest announcement follows Michael Kendrot's recent appointment as head of Global Capital Markets (GCM). Kendrot is an experienced capital markets specialist with nearly 30 years of experience, which includes extensive ABS experience. Keith brings almost 20 years of experience in capital markets, with nearly 10 years spent at Lloyds Banking Group, most recently as Managing Director, Head of US Credit Sales/Deputy head of US Financial Markets. These latest hires will support ING's expanded securitization product offering in the US led by Thomas Ryan, Regional Head, Global Balance Sheet Distribution, Americas. This includes on balance sheet and conduit (through the long-standing ING-sponsored ABCP Conduit Mont Blanc Capital Corp) warehouse and term financing, combined with green ABS structuring.
Declared Dividend • Feb 04Dividend of €0.76 announcedShareholders will receive a dividend of €0.76. Ex-date: 24th April 2024 Payment date: 3rd May 2024 Dividend yield will be 9.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (50% forecast payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 2.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 02ING Groep N.V. Proposes to Pay Final Dividend for the Year Ended December 31, 2023, Euronext Amsterdam Payable on 3 May 2024 and Nyse Payable on 10 May 2024In line with its dividend policy, the board of ING Groep N.V. proposed to pay a final dividend over 2023 of €2.5 billion, subject to the approval by the annual general meeting to be held on 22 April 2024. The proposed final dividend over 2023 amounts to €0.756 per ordinary share and will be paid in cash shortly after approval by the annual general meeting. This will bring the total cash dividend over 2023 to €3.8 billion. The record date for final dividend 2023 entitlement (Euronext Amsterdam) is 25 April 2024, and record date for final dividend 2023 entitlement (NYSE) is 25 April 2024. The ex-date for final dividend 2023 (Euronext Amsterdam) is 24 April 2024. The payment date for final dividend 2023 (Euronext Amsterdam) is 3 May 2024, and payment date for final dividend 2023 (NYSE) is 10 May 2024.
Reported Earnings • Feb 02Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €2.08 (down from €3.35 in FY 2022). Revenue: €22.1b (down 25% from FY 2022). Net income: €7.29b (down 40% from FY 2022). Profit margin: 33% (down from 41% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
공시 • Jan 17+ 1 more updateING Groep N.V. to Report Q2, 2024 Results on Aug 01, 2024ING Groep N.V. announced that they will report Q2, 2024 results on Aug 01, 2024
공시 • Nov 03ING Groep N.V. to Report Q1, 2024 Results on May 02, 2024ING Groep N.V. announced that they will report Q1, 2024 results on May 02, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €5.66b (up 40% from 3Q 2022). Net income: €1.98b (up 102% from 3Q 2022). Profit margin: 35% (up from 24% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.
공시 • Nov 01Ing Groep N.V. Announces Management ChangesING Groep N.V. announced that Görkem Köseo lu will step down from his position as chief technology officer and member of the Management Board Banking, effective 1 November 2023. His departure follows mutual discussions on different views regarding the expectations about his leadership role within ING. Görkem was appointed as member of the Management Board Banking effective 1 September 2023. He has been working for ING for almost 12 years. Görkem joined ING in 2012 as chief operations officer and chief information officer at ING in Türkiye. In later capacities, he set up ING'sGlobal Analytics unit and was chief operations officer of ING Netherlands between September 2020 and September 2023. Marnix van Stiphout will take over the additional responsibilities as chief technology officer on an ad interim basis. Marnix has been chief operations officer and chief transformation officer (COO/CTO) and member of the Management Board Banking since 1 September 2021. He also acted as interim chief technology officer from May to August of 2023.
공시 • Oct 13ING Groep N.V. Announces Executive ChangesING Groep N.V. announced the appointment of Sjoerd Miltenburg (40) as its new Head of Investor Relations. He succeeds Mark Milders, who was made responsible for ING’s Wholesale Banking activities in the Netherlands on 1 October. Sjoerd Miltenburg is currently the global Head of Compliance People and Functional Processes, part of ING’s risk department. He is a seasoned banker who began his career as an ING trainee in Wholesale Banking in 2007. He went on to hold a number of senior management roles within Wholesale Banking, including Head of Capital Structuring & Advisory for Asia Pacific in Singapore. Since 2019, he’s been responsible for managing organizational development of ING’s global Compliance function.
