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ING

ING Groep N.V.

ING

ING Groep N.V. • NYSE
$25.94 ▲ 0.12% (+0.03)
Market Cap $79.14 B
52w High $26.59
52w Low $15.09
Dividend Yield 1.17%
P/E 11.18
Volume 811.59K
Outstanding Shares 3.05B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $24.256B ▲ $21.588B ▲ $1.675B ▲ 6.906% ▼ $0.54 ▲ $2.369B ▲
Q1-2025 $5.636B ▲ $3.199B ▼ $1.455B ▲ 25.816% ▲ $0.47 ▲ $2.124B ▲
Q4-2024 $5.407B ▼ $3.337B ▲ $1.154B ▼ 21.343% ▼ $0.37 ▼ $1.771B ▼
Q3-2024 $5.91B ▼ $2.906B ▼ $1.88B ▼ 31.81% ▼ $0.59 ▼ $2.668B ▲
Q2-2024 $6.928B $3.487B $2.878B 41.542% $0.88 $-1.578B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $123.936B ▼ $1.087T ▲ $1.037T ▲ $52.29B ▲
Q1-2025 $207.271B ▲ $1.079T ▲ $1.026T ▲ $51.675B ▲
Q4-2024 $115.134B ▼ $1.021T ▼ $969.237B ▼ $50.314B ▼
Q3-2024 $144.538B ▲ $1.049T ▲ $997.235B ▲ $51.294B ▲
Q2-2024 $142.084B $1.041T $990.408B $50.147B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $2.46B ▲ $0 $0 $0 $0 $0
Q1-2025 $1.455B ▲ $0 $0 $0 $0 $0
Q4-2024 $96M ▼ $0 $0 $0 $0 $0
Q3-2024 $1.88B ▼ $0 $0 $0 $0 $0
Q2-2024 $2.878B $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement ING’s profitability has strengthened over the past few years. While top-line revenue has been somewhat volatile – which is common for banks given shifting interest rates and one-off items – underlying earnings have generally trended upward. Operating profit and net profit have both improved compared with the period during and just after the pandemic. Earnings per share have grown meaningfully over five years, suggesting better efficiency, disciplined cost control, and a healthier mix of lending and fee businesses, even though individual years show some bumps rather than a perfectly smooth line.

Balance Sheet

Balance Sheet ING runs a very large balance sheet, as expected for a major European bank, with total assets gradually increasing over time. Cash levels have edged down from earlier highs, reflecting more active deployment of funds into loans and other interest‑earning assets. Debt has risen but remains backed by a substantial asset base, and overall equity has stayed fairly stable, hinting at a balance between shareholder returns (dividends and buybacks) and capital strength. The picture is of a mature bank fine‑tuning its capital structure rather than aggressively expanding or contracting.

Cash Flow

Cash Flow The reported operating and free cash flows are deeply negative in recent years, but for a bank this mostly reflects movements in loans and deposits rather than traditional operating strain. In other words, cash flow figures here are more about balance‑sheet flows than about the quality of the franchise. Capital spending is very low relative to the size of the bank, which is typical in a mostly digital service business. Overall, nothing in the cash-flow pattern alone clearly signals either major stress or excess; it needs to be read alongside capital ratios and funding stability rather than in the way one would analyze an industrial company.

Competitive Edge

Competitive Edge ING holds a strong position in European retail and commercial banking, especially in its core Benelux markets, supported by a large and loyal customer base. Its main edge is its digital strength: the mobile app and online platform are widely seen as more intuitive and feature‑rich than those of many traditional peers. This digital reputation helps ING compete effectively with both legacy banks and newer fintech or neobank challengers. At the same time, the bank operates in a heavily regulated, highly competitive arena, where margins are sensitive to interest-rate cycles and where local champions and digital-only players keep pricing pressure high.

Innovation and R&D

Innovation and R&D ING’s strategy leans heavily on technology and data. It has been an early mover in mobile banking, AI‑driven customer service, and tools that help customers plan and manage their money (such as savings goals, spending insights, and predictive views of upcoming transactions). The bank is pushing toward a single, borderless digital platform across Europe, which, if executed well, could lower costs and speed up product rollouts. Its innovation labs and partnerships with fintechs, plus upcoming uses of more advanced AI in areas like mortgages, show a clear commitment to staying ahead technologically. The main risks are execution, regulatory scrutiny around AI and data use, and the constant need to defend against cyber threats and fast‑moving competitors.

Summary

Overall, ING looks like a large, mature European bank that has successfully repositioned itself as a digital leader. Profitability has improved compared with the early 2020s, the balance sheet appears broadly stable, and capital is being managed with an eye to both resilience and shareholder returns. Its strongest attributes are its digital franchise, customer-centric product design, and willingness to experiment with new technologies and partnerships. The key things to watch going forward are how well it executes its pan‑European digital platform, how effectively it harnesses AI without running into regulatory or operational issues, and how it navigates the usual banking risks around credit quality, regulation, and interest-rate swings.

NEWS

November 24, 2025 · 2:00 AM UTC

ING Group completes two risk sharing transactions

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November 18, 2025 · 1:15 AM UTC

ING Bank Śląski takes full control of Goldman Sachs TFI by acquiring remaining 55% stake

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October 30, 2025 · 1:00 PM UTC

ING Group 2025 SREP process completed

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October 30, 2025 · 2:05 AM UTC

ING completes share buyback and announces new distribution programme of up to €1.6 billion

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September 22, 2025 · 5:33 PM UTC

OCI Energy and ING finalize construction financing for a major battery project in Texas

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