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ING Groep
(NYSE:ING)
ING Groep (ING) vs. SPDR S&P 500 ETF (SPY)
ING Groep Business Overview & Revenue Model
ING Groep Earnings Call Summary
ING Groep Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.21B | 20.05B | 17.63B | 29.42B | 19.51B | 26.93B |
| Gross Profit | 39.96B | 20.05B | 17.63B | 29.42B | 17.79B | 14.61B |
| EBITDA | 8.93B | 9.97B | 11.17B | 6.21B | 7.62B | 4.64B |
| Net Income | 6.16B | 5.33B | 4.14B | 3.67B | 4.78B | 2.48B |
Balance Sheet | ||||||
| Total Assets | 1.09T | 1.02T | 975.58B | 967.82B | 951.29B | 937.38B |
| Cash, Cash Equivalents and Short-Term Investments | 123.94B | 115.13B | 130.06B | 118.60B | 137.80B | 147.07B |
| Total Debt | 167.58B | 171.33B | 150.00B | 119.50B | 116.01B | 78.95B |
| Total Liabilities | 1.04T | 969.24B | 923.40B | 917.41B | 896.63B | 881.62B |
| Stockholders Equity | 52.29B | 50.31B | 54.68B | 49.91B | 53.92B | 54.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -22.88B | -11.59B | -11.34B | -15.13B | 102.89B |
| Operating Cash Flow | 0.00 | -22.54B | -11.34B | -11.11B | -14.94B | 103.18B |
| Investing Cash Flow | 0.00 | -6.03B | -8.54B | -5.31B | 6.22B | -8.49B |
| Financing Cash Flow | 0.00 | 5.37B | -4.89B | 4.65B | 5.39B | -34.80B |
ING Groep Technical Analysis
ING Groep Risk Analysis
ING Groep Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $62.03B | 8.95 | 14.58% | 4.16% | 7.43% | 30.31% | |
| ― | $74.26B | 9.79 | 9.44% | 2.04% | 17.50% | 49.25% | |
| ― | $76.25B | 11.15 | 12.08% | 4.58% | 1.13% | -1.14% | |
| ― | $114.89B | 10.30 | 18.32% | 3.93% | 7.86% | 17.13% | |
| ― | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
| ― | $184.49B | 13.94 | 6.88% | 2.28% | -0.63% | 105.57% | |
| ― | $275.46B | 14.16 | 11.56% | 1.92% | -4.18% | 26.41% |
ING Groep Corporate Events
On October 30, 2025, ING Groep reported a robust financial performance for the third quarter of 2025, with a net result of €1,787 million and a profit before tax of €2,560 million. The company experienced significant growth in fee income and customer lending, driven by strong performances in both Retail and Wholesale Banking. Retail Banking saw a notable increase in mobile primary customers and lending, particularly in Germany, Spain, Italy, and Romania. Wholesale Banking benefited from increased corporate loan demand and higher fee income. ING also highlighted its commitment to sustainability, with a 29% increase in sustainable finance mobilization, and continued integration of AI technologies to enhance customer service and operational efficiency.
On October 30, 2025, ING Groep announced the completion of its share buyback program, initially declared on May 2, 2025, repurchasing over 101 million shares at an average price of €19.77, totaling approximately €2 billion. Additionally, ING unveiled a new shareholder distribution plan of up to €1.6 billion, including a €1.1 billion share buyback and a €0.5 billion cash payment, aiming to adjust its CET1 ratio towards the target of 13%. The European Central Bank has approved this distribution, which is expected to impact the CET1 ratio by 48 basis points.
On October 29, 2025, ING announced the appointment of Ida Lerner as the new Chief Financial Officer, effective April 1, 2026. Lerner, who previously served as CFO at Norwegian bank DNB, will succeed Tanate Phutrakul. The appointment is part of ING’s strategic efforts to strengthen its position as a digital and sustainable bank, with Lerner’s extensive experience expected to contribute significantly to these goals.
On October 28, 2025, ING Groep N.V. announced progress on its €2.0 billion share buyback program, initially announced on May 2, 2025. During the week of October 20 to October 24, 2025, ING repurchased 4,091,000 shares at an average price of €20.57, totaling €84,161,220. To date, the program has repurchased 100,595,891 shares, achieving approximately 99.39% completion of the maximum total value. This initiative aims to reduce the share capital of ING, reflecting the company’s strategic financial management and potentially impacting shareholder value.
On October 23, 2025, ING Groep N.V. announced that Ljiljana Čortan will be appointed as the head of Wholesale Banking, succeeding Andrew Bester by April 2026. Ljiljana, currently the Chief Risk Officer, will step down from her current roles upon the transition. This leadership change is expected to further strengthen ING’s Wholesale Banking business, as Ljiljana brings over 25 years of international banking experience. The appointment is subject to regulatory approval, and a search for a new Chief Risk Officer has commenced.
On October 21, 2025, ING Groep announced progress in its €2.0 billion share buyback program, with 4,381,000 shares repurchased between October 13 and October 17, 2025, at an average price of €20.91. This brings the total shares repurchased to 96,504,891, representing approximately 95.18% of the program’s maximum value, indicating significant progress towards reducing the company’s share capital.
On October 14, 2025, ING Groep announced progress on its €2.0 billion share buyback programme, initially launched on May 2, 2025. During the week of October 6 to October 10, 2025, the company repurchased 4,239,000 shares at an average price of €21.32, totaling €90,367,787.70. To date, approximately 90.60% of the programme has been completed, with 92,123,891 shares repurchased at an average price of €19.67, amounting to €1,811,927,494.72. This initiative aims to reduce the share capital of ING, potentially impacting its market positioning and shareholder value.
On October 7, 2025, ING announced progress in its €2.0 billion share buyback program, with 4,270,000 shares repurchased between September 29 and October 3, 2025, at an average price of €22.18, totaling €94,692,423.50. This initiative aims to reduce ING’s share capital, with approximately 86.08% of the program completed, reflecting the company’s strategic financial management and its impact on shareholder value.
On September 30, 2025, ING Groep N.V. announced progress in its €2.0 billion share buyback program, with 3,488,007 shares repurchased during the week of September 22-26, 2025, at an average price of €21.85, totaling €76,219,267.92. This initiative aims to reduce the company’s share capital, with approximately 81.34% of the program completed, enhancing shareholder value and potentially improving market positioning.
On September 26, 2025, ING Groep announced an update on its exit from the Russian market, initially proposed on January 28, 2025, with the sale of ING Bank (Eurasia) JSC to Global Development. The transaction, expected to complete in the third quarter of 2025, faces delays due to pending regulatory approvals. Despite the setbacks, ING anticipates no significant change in the financial impact, previously estimated at a €0.8 billion post-tax loss, and continues to reduce its offshore exposure to Russian clients.
On September 23, 2025, ING Groep announced progress on its €2.0 billion share buyback program, which was initially announced on May 2, 2025. During the week of September 15 to 19, 2025, ING repurchased 3,250,000 shares at an average price of €21.62, totaling €70,259,359.30. To date, 80,126,884 shares have been repurchased, representing approximately 77.53% of the program’s maximum total value. This initiative aims to reduce ING’s share capital, potentially impacting its market positioning and shareholder value.
On September 16, 2025, ING Groep announced progress in its €2.0 billion share buyback program, revealing that 5,304,138 shares were repurchased between September 8 and September 12, 2025, at an average price of €21.12. This brings the total shares repurchased under the program to 76,876,884, representing approximately 74.02% of the maximum total value, aimed at reducing the company’s share capital.
On September 2, 2025, ING Groep N.V. entered into an underwriting agreement with several major financial institutions for the issuance of $1.5 billion in 7.000% Perpetual Additional Tier 1 Contingent Convertible Capital Securities. This move is part of ING’s strategy to strengthen its capital base and enhance its financial flexibility, potentially impacting its market position and offering implications for investors and stakeholders.
On September 9, 2025, ING announced progress in its €2.0 billion share buyback program, having repurchased 3,925,836 shares between September 1 and September 5, 2025, at an average price of €20.67. This brings the total shares repurchased under the program to 71,572,746, representing approximately 68.42% of the program’s total value. The initiative aims to reduce the share capital of ING, potentially impacting its market positioning and shareholder value.
On September 2, 2025, ING Groep N.V. announced progress on its €2.0 billion share buyback program, which was initially announced on May 2, 2025. During the week of August 25 to August 29, 2025, ING repurchased 2,442,722 shares at an average price of €20.72, totaling €50,622,708.86. To date, approximately 64.36% of the program has been completed, with a total of 67,646,910 shares repurchased at an average price of €19.03, amounting to €1,287,254,023.33. This initiative aims to reduce the share capital of ING, reflecting its strategic focus on enhancing shareholder value.
On August 26, 2025, ING Groep N.V. announced progress on its €2.0 billion share buyback programme, with 2,361,034 shares repurchased between August 18 and August 22, 2025, at an average price of €21.31. This buyback is part of ING’s strategy to reduce share capital, with 61.83% of the programme completed to date, reflecting the company’s ongoing efforts to enhance shareholder value.
On August 19, 2025, ING Groep announced progress in its €2.0 billion share buyback program, with 2,493,940 shares repurchased between August 11 and August 15, 2025, at an average price of €21.04, totaling €52,480,262.49. This initiative, aimed at reducing the company’s share capital, has seen 62,843,154 shares repurchased to date, representing 59.32% of the program’s maximum total value, potentially impacting shareholder value and market perception.
On August 12, 2025, ING Groep N.V. announced progress on its €2.0 billion share buyback program, revealing that 7,738,842 shares were repurchased between August 4 and August 8, 2025, at an average price of €19.72, totaling €152,633,577.73. This initiative, which aims to reduce the company’s share capital, has seen approximately 56.69% completion of the maximum total value, highlighting ING’s strategic financial management and its potential impact on shareholder value.
On August 5, 2025, ING Groep announced progress in its €2.0 billion share buyback program, revealing that 2,480,240 shares were repurchased between July 28 and August 1, 2025, at an average price of €20.35. This move is part of ING’s strategy to reduce its share capital, with approximately 49.06% of the program completed, reflecting the company’s efforts to enhance shareholder value and strengthen its market position.
On August 1, 2025, ING Groep N.V. announced the results of the 2025 EU-wide stress test conducted by the European Banking Authority, which confirmed ING’s resilient capital position. The stress test, which does not have a pass/fail threshold, is used for the Supervisory Review and Evaluation Process to assess ING’s ability to meet prudential requirements under stressed scenarios. ING’s actual CET1 ratio as of June 30, 2025, was 13.3%, indicating strong capital resilience, which is crucial for stakeholders and reinforces ING’s stable position in the banking industry.
On July 31, 2025, ING Groep N.V. reported a net result of €1,675 million for the second quarter of 2025, showcasing robust growth in lending volumes and fee income. The company is progressing well with its ‘Growing the difference’ strategy, achieving a profit before tax of €2,369 million and maintaining a CET1 ratio of 13.3%. Despite market volatility and economic uncertainties, ING saw a significant increase in mobile primary customers and strong growth in its mortgage portfolio. The company also announced an interim cash dividend of €0.35 per ordinary share. ING continues to support sustainability efforts, with a notable increase in sustainable finance mobilized and new initiatives to promote energy-efficient homes.
On June 30, 2025, ING Groep N.V. released its interim financial report, highlighting its financial performance and risk management strategies for the first half of the year. The report includes condensed consolidated financial statements and notes, providing insights into the company’s financial position and operations. This announcement is crucial for stakeholders as it outlines ING’s approach to managing credit risk and other uncertainties, which could impact its market positioning and operational strategies.