ING Groep (ENXTAM:INGA) Is Up 5.8% After Earnings Beat, CFO Appointment, and €1.6B Capital Return Plan

• ING Groep recently reported third-quarter 2025 earnings, revealing net income of €1.79 billion and basic earnings per share of €0.60, alongside the appointment of Ida Lerner as incoming CFO and a €1.6 billion excess capital distribution through share buybacks and a special dividend.
• These announcements reflect both well-above-forecast fee income and a renewed momentum in loan growth, supported by a strengthened executive team with experience across European banking and risk management.
• We’ll explore how ING’s upgraded fee growth guidance and capital return plans shape its investment narrative and future growth outlook.

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ING Groep Investment Narrative Recap

Owning ING Groep stock is about believing in the bank’s ability to drive sustainable revenue through digital expansion and rising fee income, while efficiently returning capital to shareholders. Recent third-quarter results showed that upgraded fee income and renewed loan growth have improved short-term momentum, but challenges such as subdued wholesale lending and ongoing margin compression remain the most important catalysts and risks for investors. The net impact of these announcements on near-term catalysts is positive, although macroeconomic headwinds and regulatory challenges continue to pose material medium-term risks. The announcement of a €1.6 billion excess capital distribution, including a €1.1 billion share buyback and a €500 million special dividend, stands out as particularly relevant. This move reinforces management’s commitment to disciplined capital return, supporting shareholder value even as the business contends with muted wholesale banking growth and competitive pressures in major European markets. Yet, what’s often missed is how persistent foreign exchange volatility could unexpectedly chip away at ING’s reported profits over the coming quarters, something every investor should watch for...

Read the full narrative on ING Groep (it's free!)

ING Groep's narrative projects €24.9 billion revenue and €6.6 billion earnings by 2028. This requires 8.3% yearly revenue growth and a €1.8 billion earnings increase from €4.8 billion today.

Uncover how ING Groep's forecasts yield a €22.53 fair value, in line with its current price.

Exploring Other Perspectives

Eleven fair value estimates from the Simply Wall St Community range from €18.19 to €46.21 per share, reflecting sharply varied views. While some expect ING’s digital and fee-based revenue growth to strengthen performance, others warn about ongoing margin pressure and sensitivity to euro currency swings, offering you several viewpoints to consider before making your own assessment.

Explore 11 other fair value estimates on ING Groep - why the stock might be worth 18% less than the current price!

Build Your Own ING Groep Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your ING Groep research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free ING Groep research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate ING Groep's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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