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EarningsQ2 2026 Earnings Report
ING Q2 2026 EPS Results
Actual EPS$0.78
Consensus EPS$0.73
Beat/MissBeat by +$0.05
One Year Ago EPS$0.64
ING Q2 2026 Revenue Results
Actual Revenue$7.31B
Expected Revenue$6.99B
Beat/MissBeat by +$314.44M
YoY Revenue Growth+13.03%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
ING Upcoming Earnings
ING Groep's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ING Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad and material commercial momentum: strong customer acquisition (1m+ mobile primary customers in 12 months), double‑digit fee growth, robust lending and deposit inflows, improved operating leverage, higher profitability (ROTE 17%), CET1 expansion to 13.1% and upgraded earnings and ROTE guidance for 2026–2027. Challenges remain around margin mix effects (mortgages and investment‑grade loans), campaign-driven deposit sustainability, incidental costs, and some reliance on model updates and SRTs for RWA relief. On balance, the positive commercial execution, upgraded outlooks and capital generation substantially outweigh the listed challenges.Company Guidance
Mobile Primary Customer Growth Ahead of Plan
Added 377,000 mobile primary customers in Q2, bringing 12-month growth to over 1 million (ahead of the Capital Markets Day target), demonstrating deeper customer engagement and higher lifetime value.
Strong Loan and Deposit Growth
Net core lending increased by EUR 15.2 billion in Q2 (annualized lending growth >8%); net core deposits grew EUR 15.9 billion in Q2 (annualized deposit inflow ~8.5%), with notable retail deposit inflows of EUR 16.7 billion and strong deposit inflow in Germany of EUR 7.8 billion.
Fee Income and AUM Momentum
Total fee income up 14% year-on-year and EUR 42 million quarter-on-quarter; assets under management net inflows of EUR 21 billion over the past 12 months and 8% rise in customers holding an investment account.
Commercial NII Recovery and Upgraded Outlook
Commercial NII rose by EUR 114 million quarter-on-quarter and was 10.7% higher year-on-year; full-year commercial NII guidance upgraded to EUR 16.8–17.0 billion and liability margin guidance moved to upper mid of 100–110 bps for 2026.
Improving Profitability and ROTE
ROTE reached 17% in Q2 with 4-quarter rolling ROTE up 1.5 percentage points year-on-year; management upgraded ROTE outlook to >15% for 2026 and >16% for 2027.
Capital Generation and CET1 Improvement
Generated EUR 6.7 billion net profit over the past 12 months (equivalent to ~2 percentage points CET1); CET1 improved to 13.1% in the quarter and the bank generated 65 bps of CET1 in Q2, enabling reservation of 100% of net result outside CET1.
RWA and Capital Optimization
RWA declined EUR 2.4 billion quarter-on-quarter (including EUR 1 billion SRT benefit and ~EUR 2.8 billion from model updates); Wholesale Banking RWA down EUR 5.3 billion Q/Q despite lending growth, reflecting active RWA management and SRT usage.
EPS and Shareholder Returns
Earnings per share increased 16% year-on-year; continued commitment to 50% regular dividend payout, active share buyback program underway and structural distribution policy maintained.
Cost Discipline and Operating Leverage
Income growth >5% over past 12 months while headcount reduced >1% and year-to-date cost growth ~2.7%, producing positive operating jaws of more than 3 percentage points and improved FTEs-to-customer-balance ratio by ~7% YoY.
Commercial and Product Innovation
Agentic (Agentic AI) mortgages and conversational banking rolled out to speed approvals and scale servicing (example: time-to-yes improvement from 7 to 5 days for more complex mortgage flows); new global subscription packages being migrated (17 million customers migrated by default) to drive cross-sell and recurring revenue.
ING Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed