ING Groep N.V.

NYSE•ING

CEO: Mr. Tanate Phutrakul

Sector: Financial Services

Industry: Banks - Diversified

Listing Date: 1994-05-18

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

Contact Information

Bijlmerdreef 106, Amsterdam, 1102 CT, Netherlands

31-20-563-9111

www.ing.com

Market Cap

$80.74B

P/E (TTM)

11.1

14.6

Dividend Yield

5.2%

52W High

$31.18

52W Low

$19.14

52W Range

74%

Rank58Top 85.6%

2.3

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.3 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$6.75B+7.23%

4-Quarter Trend

EPS

$0.56+29.73%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

IFRS-IASB Net Result Jumps Net result (IFRS-IASB) reached EUR 8.32B, up 56% from 2024, driven by EUR 1.99B positive fair value changes on derivatives.

Core Lending Growth Accelerates Net core lending growth was EUR 56.9B, more than double the prior year, fueled by sustained mortgage production and business expansion.

Fee Income Shows Strong Growth Total fee and commission income grew 15% to EUR 4.60B, supported by investment product fees in Retail Banking and higher deal flow.

Capital Ratio Nearing Target CET1 ratio fell to 13.1% (vs 13.6% in 2024) as capital was distributed to steer towards the newly adjusted target of approximately 13%.

Risk Factors

Credit Costs Remain Elevated Net additions to loan loss provisions rose to EUR 1.30B (19 bps of lending), reflecting slightly higher risk costs compared to 2024.

Geopolitical Uncertainty Persists Continued global instability, including conflicts and trade tensions, heightens uncertainty impacting market dynamics and potential loan impairments.

Regulatory Compliance Costs Rise Increased regulatory scrutiny and new requirements, like DORA implementation, are driving up operating costs across the organization.

Model Risk from AI Adoption Rapid AI adoption introduces risks related to data privacy, model accuracy, and bias, requiring strengthened governance oversight structures.

Outlook

Capital Distribution Strategy ING plans continued capital distributions to align CET1 ratio towards the ~13% target, despite current ratio being slightly below the MDA trigger.

Digitalization and Customer Focus Strategy emphasizes scaling digital journeys (STP rate up to 81.8%) and achieving number one NPS ranking in core Retail markets.

Climate Risk Management Deepens Enhanced climate stress-testing framework and ESG risk assessment tool integration will steer Wholesale Banking lending towards 2030 decarbonization targets.

Executive Pay Policy Renewal Proposed 2026 policy includes base salary increases (CEO 5%, CFO/CRO 7%) and a fixed share plan to enhance long-term alignment.

Peer Comparison

Revenue (TTM)

WFC

$125.70B

+1.7%

SMFG

$101.76B

+104.8%

ITUB

$68.80B

+20.3%

Gross Margin (Latest Quarter)

PNC

96.6%

+36.6pp

ING

93.7%

+5.5pp

BCS

92.3%

+0.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
WFC	$249.74B	11.9	12.0%	20.4%
BMO	$106.96B	16.2	10.5%	11.6%
MFG	$104.36B	16.4	9.7%	21.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.4%

Moderate Growth

4Q Net Income CAGR

2.4%

Profitability Slowly Improving

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Apr 30, 2026

EPS:$0.60

Revenue:$6.87B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data