ING Bank Slaski Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

March 14, 2025

ING Bank Slaski (WSE:ING) Full Year 2024 Results

Key Financial Results

Revenue: zł9.75b (up 2.0% from FY 2023).
Net income: zł4.37b (down 1.6% from FY 2023).
Profit margin: 45% (down from 47% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: zł33.57 (down from zł34.13 in FY 2023).

ING Banking Performance Indicators

Cost-to-income ratio: 41.7% (up from 40.7% in FY 2023).
Non-performing loans: 3.68% (up from 2.53% in FY 2023).

revenue-and-expenses-breakdown — WSE:ING Revenue and Expenses Breakdown March 14th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

ING Bank Slaski EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.6%.

The primary driver behind last 12 months revenue was the Corporate Banking segment contributing a total revenue of zł5.01b (51% of total revenue). The largest operating expense was General & Administrative costs, amounting to zł3.57b (66% of total expenses). Explore how ING's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Poland.

Performance of the Polish Banks industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for ING Bank Slaski (1 is a bit unpleasant!) that you should be aware of.

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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.