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ING Groep N.V. — Financial statements
Financials · Banks - Diversified · Netherlands
Last price 31.46 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 89.57B
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Financial statements
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 43.76B | 49.47B | 44.66B | 24.44B | 18.58B | |
| Interest Income on Investments | 7.57B | 9.69B | 7.74B | 3.93B | 2.47B | |
| Total Interest Income | 51.33B | 59.16B | 52.40B | 28.37B | 21.05B | |
| Interest Paid on Deposits | 29.72B | 34.88B | 28.51B | 10.02B | 5.08B | |
| Interest Paid on Borrowings | 6.65B | 8.99B | 7.73B | 3.76B | 1.97B | |
| Total Interest Expense | 36.37B | 43.87B | 36.24B | 13.78B | 7.05B | |
| Net Interest Income | 16.54B | 14.96B | 15.29B | 16.16B | 14.59B | 14.00B |
| Gain (Loss) on Sale of Assets | 6.00M | -29.00M | ||||
| Gain (Loss) on Sale of Investments | 19.00M | 19.00M | -141.00M | -13.00M | -165.00M | 42.00M |
| Gain (Loss) on Sale of Equity Investments | 209.00M | 209.00M | 205.00M | 149.00M | 92.00M | 141.00M |
| Other Non-Interest Income | 10.10B | 10.58B | 5.90B | 2.07B | 16.23B | 5.87B |
| Total Non-Interest Income | 10.32B | 10.81B | 5.96B | 2.20B | 16.16B | 6.02B |
| Revenues Before Loan Losses | 26.86B | 25.76B | 21.25B | 18.36B | 30.75B | 20.02B |
| Provision for Loan Losses | 1.39B | 1.30B | 1.19B | 738.00M | 1.33B | 516.00M |
| Revenue | 25.47B | 24.46B | 20.05B | 17.63B | 29.42B | 19.51B |
| Salaries and Employee Benefits | 7.55B | 7.55B | 7.14B | 6.69B | 6.13B | 5.91B |
| Selling, General & Administrative | 323.00M | 323.00M | 322.00M | 320.00M | 357.00M | 336.00M |
| Other Non-Interest Expense | 4.35B | 4.17B | 4.29B | 4.55B | 4.47B | 4.61B |
| Total Non-Interest Expense | 12.22B | 12.04B | 11.75B | 11.56B | 10.95B | 10.86B |
| EBT Excluding Unusual Items | 13.25B | 12.42B | 8.31B | 6.06B | 18.47B | 8.65B |
| Asset Writedown | -16.00M | -16.00M | -30.00M | -79.00M | -121.00M | |
| Legal Settlements | -238.00M | -238.00M | -202.00M | |||
| Other Unusual Items | -85.79M | -85.79M | -159.00M | -26.73M | -866.93M | 72.00M |
| Pretax Income | 12.62B | 11.79B | 7.77B | 6.04B | 17.36B | 8.38B |
| Income Tax Expense | 3.60B | 3.19B | 2.18B | 1.66B | 5.13B | 2.31B |
| Earnings From Continuing Operations | 9.02B | 8.60B | 5.59B | 4.38B | 12.23B | 6.08B |
| Minority Interest in Earnings | -263.00M | -275.00M | -258.00M | -235.00M | -102.00M | -128.00M |
| Net Income | 8.76B | 8.32B | 5.33B | 4.14B | 12.13B | 5.95B |
| Net Income to Common | 8.76B | 8.32B | 5.33B | 4.14B | 12.13B | 5.95B |
| Basic Shares Outstanding | 2.87B | 2.99B | 3.23B | 3.56B | 3.62B | 3.89B |
| Diluted Shares Outstanding | 2.87B | 2.99B | 3.23B | 3.57B | 3.62B | 3.89B |
| EPS (Basic) | 3.05 | 2.78 | 1.65 | 1.16 | 3.35 | 1.53 |
| EPS (Diluted) | 3.04 | 2.78 | 1.65 | 1.16 | 3.35 | 1.53 |
| Dividend Per Share | 1.49 | 1.09 | 1.06 | 1.11 | 0.56 | 0.89 |
| Effective Tax Rate | 28.50% | 27.07% | 28.06% | 27.53% | 29.55% | 27.50% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 69.77B | 10.08B | 6.63B | 9.52B | 15.63B | 9.83B |
| Investment Securities | 227.93B | 167.20B | 158.00B | 154.83B | 141.94B | 135.28B |
| Trading Asset Securities | 65.76B | 81.96B | 81.39B | 59.62B | 54.42B | 47.29B |
| Total Investments | 293.68B | 249.16B | 239.39B | 214.45B | 196.36B | 182.57B |
| Gross Loans | 808.09B | 743.78B | 703.93B | 662.28B | 671.56B | 646.28B |
| Allowance for Loan Losses | -6.22B | -5.91B | -5.86B | -5.65B | -6.02B | -5.30B |
| Other Adjustments to Gross Loans | -1.12B | -1.15B | -1.04B | -792.00M | -525.00M | |
| Net Loans | 801.87B | 736.75B | 696.93B | 655.59B | 664.74B | 640.46B |
| Property, Plant & Equipment | 2.75B | 2.48B | 2.43B | 2.40B | 2.45B | 2.52B |
| Goodwill | 477.00M | 476.00M | 469.00M | 464.00M | 472.00M | |
| Other Intangible Assets | 1.78B | 1.03B | 858.00M | 729.00M | 638.00M | 684.00M |
| Investments in Real Estate | 27.00M | 19.00M | 14.00M | 18.00M | 26.00M | |
| Accrued Interest Receivable | 480.00M | 499.00M | 523.00M | 551.00M | 798.00M | |
| Other Receivables | 458.00M | 485.00M | 311.00M | 349.00M | 549.00M | |
| Restricted Cash | 51.13B | 68.71B | 88.63B | 85.93B | 104.87B | |
| Other Current Assets | 5.09B | 3.98B | 4.34B | 5.59B | 2.48B | |
| Long-Term Deferred Tax Assets | 788.00M | 1.00B | 1.08B | 1.43B | 1.30B | |
| Other Long-Term Assets | 11.55B | 2.38B | 2.45B | 2.24B | 2.69B | 2.70B |
| Total Assets | 1.18T | 1.06T | 1.02T | 980.30B | 976.83B | 949.25B |
| Accrued Expenses | 1.64B | 1.68B | 1.36B | 998.00M | 1.02B | |
| Interest Bearing Deposits | 808.45B | 709.73B | 681.04B | 647.80B | 670.47B | 672.10B |
| Non-Interest Bearing Deposits | 30.16B | 27.34B | 25.73B | 26.96B | 30.39B | |
| Total Deposits | 808.45B | 739.89B | 708.38B | 673.53B | 697.43B | 702.49B |
| Short-Term Borrowings | 1.70B | 68.23B | 66.69B | 70.88B | 77.05B | 55.25B |
| Current Portion of Long-Term Debt | 62.80B | 53.59B | 49.13B | 37.22B | 37.95B | |
| Current Portion of Leases | 221.00M | 226.00M | 237.00M | 232.00M | 217.00M | |
| Current Income Taxes Payable | 411.00M | 276.00M | 396.00M | 325.00M | 271.00M | |
| Other Current Liabilities | 30.52B | 3.44B | 9.66B | 14.81B | 9.06B | 9.35B |
| Long-Term Debt | 274.24B | 115.37B | 116.62B | 99.71B | 81.10B | 76.85B |
| Long-Term Leases | 829.00M | 890.00M | 925.00M | 941.00M | 1.00B | |
| Pension & Post-Retirement Benefits | 183.00M | 190.00M | 194.00M | 168.00M | 299.00M | |
| Long-Term Deferred Tax Liabilities | 1.90B | 1.21B | 1.45B | 2.65B | 311.00M | |
| Other Long-Term Liabilities | 15.44B | 10.09B | 10.74B | 12.05B | 12.66B | 11.44B |
| Total Liabilities | 1.13T | 1.00T | 970.16B | 924.67B | 919.83B | 896.45B |
| Common Stock | 49.98B | 30.00M | 31.00M | 35.00M | 37.00M | 39.00M |
| Additional Paid-In Capital | 17.12B | 17.12B | 17.12B | 17.12B | 17.11B | |
| Retained Earnings | 40.02B | 36.24B | 40.30B | 41.54B | 35.46B | |
| Treasury Stock | -2.40B | -765.00M | -1.99B | -1.21B | -1.61B | |
| Comprehensive Income & Other | -676.00M | 77.00M | -772.00M | -987.00M | 1.07B | |
| Total Common Equity | 49.98B | 54.08B | 52.70B | 54.68B | 56.50B | 52.07B |
| Minority Interest | 1.08B | 1.25B | 995.00M | 944.00M | 504.00M | 736.00M |
| Shareholders' Equity | 51.06B | 55.34B | 53.70B | 55.63B | 57.00B | 52.80B |
| Total Liabilities & Equity | 1.18T | 1.06T | 1.02T | 980.30B | 976.83B | 949.25B |
| Total Debt | 275.94B | 247.45B | 238.01B | 220.88B | 196.54B | 171.27B |
| Net Cash (Debt) | -140.41B | -103.76B | -96.07B | -93.39B | -72.30B | -66.23B |
| Net Cash Per Share | -48.85 | -34.70 | -29.76 | -26.19 | -19.95 | -17.02 |
| Filing Date Shares Outstanding | 2.84B | 2.90B | 3.10B | 3.34B | 3.62B | 3.78B |
| Total Common Shares Outstanding | 2.84B | 2.90B | 3.10B | 3.34B | 3.62B | 3.78B |
| Book Value Per Share | 17.58 | 18.63 | 17.02 | 16.35 | 15.61 | 13.79 |
| Tangible Book Value | 48.20B | 52.57B | 51.37B | 53.49B | 55.40B | 50.91B |
| Tangible Book Value Per Share | 16.95 | 18.11 | 16.59 | 16.00 | 15.31 | 13.48 |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.32B | 5.33B | 4.14B | 12.13B | 5.95B | |
| Depreciation & Amortization | 442.00M | 458.00M | 674.00M | 711.00M | 834.00M | |
| Other Amortization | 223.00M | 215.00M | ||||
| Total Asset Writedown | 1.07B | 1.01B | 1.81B | -6.00B | -1.32B | |
| Provision for Credit Losses | 1.30B | 1.19B | 520.00M | 1.86B | 516.00M | |
| Change in Trading Asset Securities | -552.00M | -12.35B | -10.50B | -9.59B | -282.00M | |
| Change in Other Net Operating Assets | -54.89B | -52.23B | 15.86B | -11.73B | -40.11B | |
| Other Operating Activities | 397.00M | 554.00M | -543.00M | 3.43B | 694.00M | |
| Operating Cash Flow | -43.69B | -55.82B | 11.95B | -9.19B | -33.72B | |
| Capital Expenditures | -351.00M | -332.00M | -246.00M | -231.00M | -184.00M | |
| Sale of Property, Plant and Equipment | 39.00M | 50.00M | 57.00M | 83.00M | 39.00M | |
| Investment in Securities | -15.38B | -5.75B | -8.36B | -5.17B | 6.34B | |
| Divestitures | 7.00M | 27.00M | ||||
| Other Investing Activities | -1.00M | 1.00M | -1.00M | |||
| Investing Cash Flow | -15.70B | -6.03B | -8.54B | -5.31B | 6.22B | |
| Long-Term Debt Issued | 154.14B | 129.30B | 118.66B | 93.69B | 88.28B | |
| Long-Term Debt Repaid | -138.31B | -116.23B | -93.76B | -84.23B | -78.90B | |
| Lease Payments | -282.00M | -290.00M | -291.00M | -296.00M | -301.00M | |
| Net Debt Issued (Repaid) | 15.83B | 13.07B | 24.90B | 9.46B | 9.38B | |
| Repurchase of Common Stock | -3.71B | -3.82B | -3.53B | -1.72B | -1.61B | |
| Common Dividends Paid | -3.88B | -3.88B | -2.97B | -3.09B | -2.34B | |
| Net Increase (Decrease) in Deposit Accounts | 37.30B | 33.27B | -23.29B | -1.92B | 18.78B | |
| Other Financing Activities | 1.00M | 1.00M | -1.00M | -39.00M | ||
| Financing Cash Flow | 45.55B | 38.65B | -4.89B | 2.73B | 24.16B | |
| Foreign Exchange Rate Adjustments | -1.09B | -740.00M | -898.00M | -504.00M | -565.00M | |
| Net Cash Flow | -14.92B | -23.94B | -2.38B | -12.27B | -3.90B | |
| Free Cash Flow | -44.04B | -56.15B | 11.71B | -9.42B | -33.90B | |
| Free Cash Flow Margin | -180.04% | -279.98% | 66.40% | -32.03% | -173.81% | |
| Free Cash Flow Per Share | -14.73 | -17.39 | 3.28 | -2.60 | -8.71 | |
| Free Cash Flow After Leases | -44.32B | -56.44B | 11.41B | -9.72B | -34.20B | |
| Cash Interest Paid | 37.67B | 41.19B | 33.73B | 14.19B | 8.71B | |
| Cash Income Tax Paid | 2.37B | 2.75B | 2.70B | 1.47B | 1.87B |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 89.47B | 81.82B | 48.59B | 50.33B | 43.61B | 53.01B |
| Last Close Price | 31.38 | 26.84 | 14.17 | 12.76 | 9.77 | 10.36 |
| PE Ratio | 9.21 | 8.37 | 8.80 | 11.00 | 3.37 | 7.83 |
| PS Ratio | 3.09 | 2.85 | 2.34 | 2.58 | 1.39 | 2.39 |
| PB Ratio | 1.54 | 1.26 | 0.87 | 0.82 | 0.72 | 0.88 |
| P/FCF Ratio | 3.89 | |||||
| P/OCF Ratio | 3.81 | |||||
| Debt / Equity Ratio | 5.40 | 4.47 | 4.43 | 3.97 | 3.45 | 3.24 |
| Debt / FCF Ratio | 18.87 | |||||
| Net Debt / Equity Ratio | 2.75 | 1.88 | 1.79 | 1.68 | 1.27 | 1.25 |
| Net Debt / FCF Ratio | -2.36 | -1.71 | 7.98 | -7.67 | -1.95 | |
| Return on Equity (ROE) | 17.76% | 15.77% | 10.23% | 7.77% | 22.27% | 11.21% |
| Return on Assets (ROA) | 0.79% | 0.83% | 0.56% | 0.45% | 1.27% | 0.64% |
| Earnings Yield | 10.85% | 11.95% | 11.37% | 9.09% | 29.72% | 12.77% |
| FCF Yield | -50.17% | -63.19% | -119.64% | 25.70% | -23.10% | -72.73% |
| Dividend Yield | 4.12% | 4.52% | 6.99% | 8.12% | 4.96% | 7.21% |
| Payout Ratio | 37.54% | 46.66% | 72.72% | 71.67% | 25.51% | 39.36% |
| Buyback Yield / Dilution | 7.00% | 7.40% | 9.44% | 1.63% | 6.85% | 0.27% |
| Total Shareholder Return | 11.12% | 11.92% | 16.43% | 9.75% | 11.80% | 7.48% |