Equity Profile

ING

ING Groep N.V.

FinancialsDiversified Banks$88.7B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ING Groep N.V. is a diversified bank operating in the financial sector, providing a range of banking services to individuals and businesses....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Net Interest Margin

This metric reflects the difference between the interest income generated and the interest paid out, crucial for banks' profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ING Q2-2026 Earnings Preview

Context

Company Snapshot

ING Groep N.V. is a diversified bank operating in the financial sector, providing a range of banking services to individuals and businesses. With a market cap of $89 billion, it plays a significant role in the financial landscape, especially in Europe, where it focuses on consumer banking and financial technology.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.03%

Avg Stock Reaction

+2.24%

Last Quarter Recap

In Q1 2026, ING reported an EPS of $0.63, beating estimates by 5.44%. The stock reacted positively, gaining 4.63% the following day.

Management Promises & Guidance

Focus on improving digital banking services.
Commitment to maintaining strong capital ratios.
Plans to expand lending in key markets.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of ING's Q2 earnings report, especially after the recent EPS beat. However, there are concerns about loan growth and net interest margins in a changing economic environment.

Bull Case

If ING shows strong loan growth and maintains or improves its net interest margin, it could signal robust demand and profitability, leading to a positive stock reaction.

Bear Case

Conversely, if the bank reports weaker-than-expected loan growth or declining margins, it could raise concerns about future profitability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of new loans issued in Q2?

Loan growth is crucial for assessing demand and future profitability, especially in a competitive market.

How has the net interest margin changed compared to the previous quarter?

Changes in net interest margin directly impact earnings and can indicate the bank's ability to manage interest rates effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of ING's digital banking initiatives on loan growth, which could surprise positively this quarter.

Supporting Evidence

Recent trends in digital banking adoption suggest increased customer engagement and loan demand.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Past performance shows that ING has a 50% EPS beat rate, suggesting a higher likelihood of exceeding expectations.

Key Risk

If loan growth exceeds 10%, it could significantly alter market perceptions and expectations for future quarters.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the bank's ability to grow loans and manage interest margins effectively amid economic challenges.

Bull Confirmed If

Loan growth of at least 8% quarter-over-quarter would confirm strong demand and support the bull case.

Bear Confirmed If

A decline in net interest margin below 1.5% would raise concerns about profitability and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±14.9% while ING has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (64K)P/C Ratio: 0.11Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

5.85%

of float

Insider

0.00%

of float

Holders

610

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
53,221,109 sh · $1.5B
1.82%
-6.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ING beats expectations, history suggests a potential stock increase of around 3.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors assess management's commentary on future growth prospects.

Miss

If ING misses expectations, the stock could see a slight decline, averaging around 0.02%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on digital banking initiatives and their impact on customer acquisition.
2Any changes in credit quality or loan default rates.
3Management's outlook on interest rate trends and their impact on margins.
4Details on geographic expansion plans and their expected contributions to growth.
5Insights into competitive pressures in the banking sector.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

ING Groep N.V. is a diversified bank operating in the financial sector, providing a range of banking services to individuals and businesses....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely watch.

N/A

Net Interest Margin

This metric reflects the difference between the interest income generated and the interest paid out, crucial for banks' profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ING Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.03%

Avg Stock Reaction

+2.24%

Last Quarter Recap

In Q1 2026, ING reported an EPS of $0.63, beating estimates by 5.44%. The stock reacted positively, gaining 4.63% the following day.

Management Promises & Guidance

Focus on improving digital banking services.
Commitment to maintaining strong capital ratios.
Plans to expand lending in key markets.

Expectations

Wall Street Expectations

Bull Case

If ING shows strong loan growth and maintains or improves its net interest margin, it could signal robust demand and profitability, leading to a positive stock reaction.

Bear Case

Conversely, if the bank reports weaker-than-expected loan growth or declining margins, it could raise concerns about future profitability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of new loans issued in Q2?

Loan growth is crucial for assessing demand and future profitability, especially in a competitive market.

How has the net interest margin changed compared to the previous quarter?

Changes in net interest margin directly impact earnings and can indicate the bank's ability to manage interest rates effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of ING's digital banking initiatives on loan growth, which could surprise positively this quarter.

Supporting Evidence

Recent trends in digital banking adoption suggest increased customer engagement and loan demand.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Past performance shows that ING has a 50% EPS beat rate, suggesting a higher likelihood of exceeding expectations.

Key Risk

If loan growth exceeds 10%, it could significantly alter market perceptions and expectations for future quarters.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the bank's ability to grow loans and manage interest margins effectively amid economic challenges.

Bull Confirmed If

Loan growth of at least 8% quarter-over-quarter would confirm strong demand and support the bull case.

Bear Confirmed If

A decline in net interest margin below 1.5% would raise concerns about profitability and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±14.9% while ING has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (64K)P/C Ratio: 0.11Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

5.85%

of float

Insider

0.00%

of float

Holders

610

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
53,221,109 sh · $1.5B
1.82%
-6.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ING beats expectations, history suggests a potential stock increase of around 3.26%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors assess management's commentary on future growth prospects.

Miss

If ING misses expectations, the stock could see a slight decline, averaging around 0.02%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on digital banking initiatives and their impact on customer acquisition.
2Any changes in credit quality or loan default rates.
3Management's outlook on interest rate trends and their impact on margins.
4Details on geographic expansion plans and their expected contributions to growth.
5Insights into competitive pressures in the banking sector.