ING Groep N.V. (ING) Misses Q3 EPS by 2c; offers outlook

ING Groep N.V. (NYSE: ING) reported Q3 EPS of EUR0.65, EUR0.02 worse than the analyst estimate of EUR0.67. Revenue for the quarter came in at EUR6.23 billion versus the consensus estimate of EUR7.06 billion.

OUTLOOK

Outlook for 2026: Based on current assumptions and scenarios, we confirm our outlook for 2026. Total income is expected to exceed €24.5 billion, including approximately €5 billion in fee income. Total operating expenses (excluding incidental items after 1Q2026) are projected to be in the range of €12.6-€12.8 billion. The full-year 2026 ROTE is expected to exceed 15%. We maintain our CET1 capital ratio guidance at ~13%.

Outlook for 2027: Based on current assumptions and scenarios, we confirm our outlook for 2027. Total income is expected to exceed €26 billion, of which €5.3-€5.5 billion in fee income. We project total operating expenses (excluding incidental items) of around €13 billion and anticipate an ROTE above 16%. Our CET1 capital ratio guidance remains unchanged at ~13%.

For earnings history and earnings-related data on ING Groep N.V. (ING) click here.

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