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ING Groep (ING)
NYSE:ING
Holding ING?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.43Last Year’s EPS
$0.49Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -8.81%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with record-breaking total income, increased sustainable finance efforts, and significant shareholder returns. However, challenges in managing treasury-related income and increased risk costs were noted.Company Guidance
In the Q3 2024 earnings call for INGA.AS, the company provided an optimistic outlook for the remainder of the year, building on strong commercial performance and strategic initiatives. Key metrics highlighted include a record total income level for the quarter, an increase in mobile primary customers by 189,000, with a 12-month addition of around 900,000 customers, and a lending book growth of EUR 9 billion, notably in the mortgage sector. The company also achieved a net inflow from a successful deposit campaign in Belgium, bringing in EUR 5.5 billion. Total customer balance growth, combining lending and deposits, was annualized at 5.3%, surpassing the 4% target set during Capital Markets Day. Furthermore, the company announced a EUR 2.5 billion additional distribution to shareholders, consisting of a EUR 2 billion share buyback and a EUR 500 million cash dividend, bolstered by a strong capital generation that maintained a CET1 ratio of 14.3% and a return on equity of 13.8%. The company also reaffirmed its commitment to sustainability, having mobilized EUR 85 billion in sustainable volume in the first nine months, a 15% increase from the previous year.Record-Breaking Total Income
Total income reached its highest level ever in the third quarter, with fee income exceeding EUR 1 billion for the first time.
Strong Capital Generation and Shareholder Returns
Four-quarter rolling return on equity at 13.8%, CET1 ratio of 14.3%, and an additional distribution of EUR 2.5 billion announced, including a share buyback of EUR 2 billion and a EUR 500 million cash dividend.
Sustainable Finance Progress
EUR 28 billion of sustainable volume mobilized in Q3 and EUR 85 billion in the first 9 months, a 15% increase from last year.
Increase in Mobile Primary Customers
Mobile primary customers increased by 189,000 in the quarter, with a 9% increase in investment product customers.
Commercial Lending Growth
Net core lending growth of around EUR 8.5 billion, driven by a strong performance in mortgages.
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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
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ING Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $16.79 | $16.95 | +0.95% |
| Aug 01, 2024 | $17.78 | $16.89 | -5.01% |
| May 02, 2024 | $15.62 | $16.72 | +7.04% |
| Feb 01, 2024 | $13.35 | $12.56 | -5.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ING Groep (ING) report earnings?
ING Groep (ING) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is ING Groep (ING) earnings time?
ING Groep (ING) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ING EPS forecast?
ING EPS forecast for the fiscal quarter 2024 (Q4) is $0.43.
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