ING Groep N.V. (ING) AI Stock Analysis

Founded in 1762 and headquartered in Amsterdam, the Netherlands, ING Groep N.V. provides banking products and services across multiple global markets. The company operates through six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. Its retail banking units offer current and savings accounts, residential mortgage loans, consumer loans, and investment and insurance options. Wholesale banking delivers debt capital markets, corporate finance solutions, treasury and risk management, and specialized lending. ING operates across Europe, North America, Latin America, Asia, and Australia, providing digital banking capabilities, payments, cash management, and trade services to small and medium enterprises, mid-corporates, and institutional clients.

ING recorded revenue of $25.78B in FY2021 and $18.59B in FY2022, before expanding to $58.90B in FY2023 and $66.41B in FY2024. In FY2025, revenue fell 65.3% to $23.04B, while net income reached $6.33B with a net margin of 27.5% and an operating margin of 39.7%. From FY2020 to FY2025, the 5-year revenue CAGR stood at -3.1%. For the trailing twelve months ended June 30, 2026, revenue totaled $25.21B with a profit margin of 34.5% and EPS of $2.67. In the latest quarter ended June 30, 2026, quarterly revenue grew 11.1% year-over-year and quarterly earnings grew 22.1%.

As of June 30, 2026, ING held $189.09B in cash and short-term investments alongside total debt of $185.08B, resulting in net cash of $4.01B. Total assets stood at $1.16T against shareholders' equity of $50.24B, yielding a debt-to-equity ratio of 3.68 and a current ratio of 0.21. Operating cash flow in FY2025 was -$6.38B, and free cash flow was -$6.73B. Capital expenditures were $351.0M in FY2025. The company deployed cash toward capital returns, spending $3.71B on share buybacks and $3.88B on dividends paid.

At a last close of $33.45 on October 16, 2026, ING has a market cap of $95.03B and an enterprise value of $111.29B. The stock trades at a trailing P/E of 12.5x, slightly above the 12.1x median of its US-listed Financial Services peers, and a forward P/E of 11.8x compared to the peer median of 10.8x. Its price-to-sales multiple of 3.8x also exceeds the peer median of 3.2x. Over the past year, ING shares returned 46.2%, outperforming the 16.8% return of the S&P 500, while its 5-year return reached 218.7% compared to 83.0% for the index.

ING pays a semiannual dividend with an annual forward payout of $1.32 per share, representing a dividend yield of 3.95% as of October 16, 2026. The payout ratio stands at 74.4%, with dividends paid consecutively for 6 years. The last ex-dividend date was August 10, 2026.

Wall Street coverage consists of 1 Buy and 2 Hold ratings, with 0 Strong Buy, Sell, or Strong Sell recommendations. The mean price target is $36.50, representing a 9.1% upside from the October 16, 2026 close of $33.45. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $24.70B and EPS of $2.83, reflecting 11.8% EPS growth. ING has beaten EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 29, 2026.

This page is an AI-written research summary of ING Groep N.V. (ING). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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