ING Group (NYSE:ING) Releases Earnings Results, Beats Estimates By $0.04 EPS

ING Group (NYSE:ING) posted its quarterly earnings results on Thursday. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate 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 during 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 Trading Up 0.3%

ING traded up $0.10 during midday trading on Friday, hitting $35.03. The company’s stock had a trading volume of 1,850,255 shares, compared to its average volume of 3,066,124. 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 firm has a market cap of $100.20 billion, a P/E ratio of 13.84, a PEG ratio of 0.81 and a beta of 0.85. The firm has a 50-day moving average price of $31.58 and a two-hundred day moving average price of $29.49. ING Group has a 52-week low of $22.53 and a 52-week high of $35.06.

ING Group Cuts Dividend

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

ING Group News Roundup

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.

Wall Street Analyst Weigh In

ING has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Zacks Research upgraded shares of ING Group from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Binnacle Investments Inc boosted its position in shares of ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 395 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in ING Group by 359.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 871 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ING Group by 418.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,431 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,155 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of ING Group in the 4th quarter valued at $44,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of ING Group by 10.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,470 shares of the financial services provider’s stock valued at $125,000 after buying an additional 423 shares during the period. 4.49% of the stock is currently 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.