ING Group (NYSE:ING) Announces Earnings Results

ING Group (NYSE:ING) announced its quarterly earnings results on Thursday. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04, Zacks reports. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $6.99 billion.

Here are the key takeaways from ING Group’s conference call:

• Strong commercial momentum: ING added 377,000 mobile primary customers in the quarter, while lending and deposits grew at annualized rates above 8% and fee income increased 14% year over year.
• Outlook upgraded: ING now expects 2026 total income above €24.5 billion and 2027 total income above €26 billion, with ROTE guidance raised to above 15% in 2026 and above 16% in 2027.
• Operating leverage improved as income grew more than 5% over the past 12 months while costs rose about 2% and headcount declined over 1%; second-quarter ROTE reached 17%.
• Capital efficiency and shareholder returns remain strong: Wholesale Banking reduced risk-weighted assets by €5.3 billion in the quarter through optimization measures and SRTs, helping lift CET1 to 13.1% while supporting dividends and share buybacks.
• Risk costs were €279 million, or 15 basis points of lending, below ING’s through-the-cycle average of 20 basis points; however, management noted that Stage 3 provisions accounted for most of the charge, while the lending margin declined modestly because growth favored lower-risk loans.

ING Group Stock Up 0.1%

ING Group stock traded up $0.04 on Friday, hitting $34.98. 1,749,766 shares of the stock traded hands, compared to its average volume of 3,065,852. ING Group has a 1 year low of $22.53 and a 1 year high of $35.06. The firm has a market cap of $100.03 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The business’s fifty day simple moving average is $31.58 and its 200 day simple moving average is $29.49.

ING Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be given a dividend of $0.458 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a yield of 262.0%. ING Group’s dividend payout ratio (DPR) is currently 57.71%.

ING Group News Summary

Here are the key news stories impacting ING Group this week:

• Positive Sentiment: Raised outlook: ING increased its full-year total-income guidance to more than €24.5 billion and lifted its 2026 and 2027 guidance after a quarterly profit beat expectations. This signals stronger revenue momentum and improved confidence in future profitability. ING hikes full year guidance after quarterly profit beat expectations
• Positive Sentiment: Quarterly earnings beat: ING reported second-quarter net profit of €1.947 billion and earnings of $0.79 per share, exceeding the $0.75 analyst consensus. The bank also cited accelerated growth in its customer base and customer balances, supporting the investment case. ING posts 2Q2026 net result of €1,947 million
• Positive Sentiment: Defense-financing opportunity: Chief Executive Steven van Rijswijk said ING’s defense loan book could double over the next few years. Growth in this sector could expand lending volumes and interest income, although it may also increase concentration and credit risks. ING’s Defense Loan Book Could Double in Next Couple of Years
• Positive Sentiment: Dividend announced: ING declared a €0.458-per-share dividend, payable August 17 to shareholders of record August 10. The ex-dividend date is August 10, providing an additional shareholder-return catalyst before the stock begins trading without the dividend.
• Neutral Sentiment: Risk leadership transition: Shareholders approved Andrea Cesaroni as ING’s new chief risk officer. The appointment supports continuity in risk oversight, but its immediate financial impact is likely limited. ING approves Andrea Cesaroni as new chief risk officer
• Negative Sentiment: Revenue shortfall: Reported revenue of $4.76 billion was below the $6.99 billion consensus estimate, partially offsetting the earnings beat and creating a point of investor scrutiny despite the upgraded outlook.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ING shares. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Zacks Research raised shares of ING Group from a “strong sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sivia Capital Partners LLC increased its stake in shares of ING Group by 19.5% during the second quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 2,745 shares in the last quarter. Glenview Trust co boosted its position in shares of ING Group by 8.0% in the 2nd quarter. Glenview Trust co now owns 11,216 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 830 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of ING Group by 4.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after buying an additional 361 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in shares of ING Group in the 3rd quarter worth approximately $239,000. Finally, CIBC Bancorp USA Inc. bought a new position in ING Group during the 3rd quarter valued at approximately $218,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.