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INGING Groep N.V.
$32.24$92.7B
Overview & Verdict
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ING logoING Groep N.V.(ING)Earnings, Financials & Key Ratios

ING•NYSE•Banking & Credit
$32.24
13.3× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryEuropean universal banks
AboutING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.Show more
  • Net Interest Income$14.68B-2.3%
  • Total Revenue$23.04B-65.3%
  • Net Income$6.33B-1.0%
  • Return on Equity12.37%+0.2%
  • Net Interest Margin1.39%-5.4%
  • Efficiency Ratio54.63%+199.5%
  • ROA0.61%-4.8%
  • Equity / Assets4.83%-3.9%
  • Book Value per Share17.07+5.3%

ING Price & Volume

ING Groep N.V. (ING) stock price & volume — 10-year historical chart

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Margin Compression Challenges Amidst Asset Expansion Strategy

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Margin compression and credit provisioning

Key Thesis Takeaways

  • ING Groep faces a complex transition as net interest margins have contracted to 0.4% from a 2.5% peak in 2024Q2, necessitating a pivot toward fee-based revenue which now accounts for 34.1% of total income.
  • While the bank has successfully scaled its total assets to 1.1 trillion dollars, rising credit provisioning costs of 365 million dollars in 2025Q4 suggest a cautious outlook on asset quality.
  • Investors should monitor the bank's ability to maintain operational leverage as the efficiency ratio remains elevated at 57.6% in a volatile European interest rate environment.

Verdict Logic

while the bank maintains a stable equity-to-assets ratio of 0.05, the significant compression of net interest margins to 0.4% and rising loan loss provisions of 365 million dollars warrant a cautious wait-and-see approach.

ING Growth Metrics

ING Groep N.V. (ING) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-7.48%
5 Years-3.08%
3 Years-11.83%
TTM-

Profit CAGR

10 Years4.67%
5 Years20.55%
3 Years19.86%
TTM-1%

EPS CAGR

10 Years7.38%
5 Years27.07%
3 Years28.04%
TTM-9.91%

Return on Capital

10 Years3.3%
5 Years3.58%
3 Years3.97%
Last Year3.67%

ING Recent Earnings

ING Groep N.V. (ING) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.63+5.0%
$0.60
Rev
$6.8B-0.4%
$6.9B
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$0.56+12.0%
$0.50
Rev
$6.9B+3.7%
$6.7B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.70+9.4%
$0.64
Rev
$6.9B+9.2%
$6.3B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.64+8.5%
$0.59
Rev
$28.6B+358.9%
$6.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.63vs $0.60+5.0%
$6.8Bvs $6.9B-0.4%
Q1 2026Jan 29, 2026
$0.56vs $0.50+12.0%
$6.9Bvs $6.7B+3.7%
Q4 2025Oct 30, 2025
$0.70vs $0.64+9.4%
$6.9Bvs $6.3B+9.2%
Q3 2025Jul 31, 2025
$0.64vs $0.59+8.5%
$28.6Bvs $6.2B+358.9%
Based on last 12 quarters of dataView full earnings history →

Latest ING News

Recent stock market news and headlines for ING Groep N.V. (ING)

MarketBeat·Jun 25, 2026
European Banks Are Outperforming : Can These 3 Keep It Going?

European banks delivered their best performance in years in 2025, and investors have been tempted to take profits during the sector's recent pullback. But this rally is no bubble, and there's plenty of evidence international bank stocks are still undervalued compared to their domestic peers.

Kitco·Jun 24, 2026
ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices

Surging momentum in the U.S. dollar and elevated bond yields are taking their toll on the precious metals market, with gold prices dropping below $4,000 an ounce and hitting a new low for the year.

GuruFocus·Jun 16, 2026
Is ING Undervalued? DCF Says Worth $34

On June 16, 2026, we present a DCF analysis for ING Groep NV (ING). The stock has shown a strong price performance, with a year-to-date increase of 12.8% and a

Peers Comparison

Key metrics vs top competitors for ING Groep N.V. (ING)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ING logoINGING Groep N.V.Current
$32.24$92.74B13.31-65.31%27.47%12.37%—
DB logoDBDeutsche Bank AG
$36.64$70.1B10.38-8.25%12.79%8.7%—
BBVA logoBBVABanco Bilbao Vizcaya Argentaria, S.A.
$26.07$145.26B13.504.08%22.98%17.25%—
SAN logoSANBanco Santander, S.A.
$14.19$208.28B14.27-7.71%18.62%12.76%—
BCS logoBCSBarclays PLC
$27.41$92.56B11.37-10.85%25.26%9.19%—
UBS logoUBSUBS Group AG
$51.44$168.61B21.80-0.51%10.48%7%—

Compare ING vs Peers

ING Groep N.V. (ING) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DB

Most directly comparable listed peer for ING.

Scale Benchmark

vs JPM

Larger-name benchmark to compare ING against a more recognizable public peer.

Peer Set

Compare Top 5

vs DB, BBVA, SAN, BCS

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ING Frequently Asked Questions

ING Groep N.V. (ING) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is ING Groep N.V. growing?

ING Groep N.V. (ING) saw revenue decline by 65.3% over the past year.

Is ING profitable?

Yes, ING Groep N.V. (ING) is profitable, generating $6.33B in net income for fiscal year 2025 (27.5% net margin).

Dividend & Returns
What is ING's return on equity?

ING Groep N.V. (ING) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

Industry Metrics
What is ING Groep N.V.'s net interest margin?

ING Groep N.V. (ING) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

What is ING Groep N.V.'s efficiency ratio?

ING Groep N.V. (ING) has an efficiency ratio of 54.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in ING back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →