Equity Profile

ING

ING Groep N.V.

FinancialsDiversified Banks$92.4B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ING Groep N.V. is a diversified bank based in the Netherlands, providing a range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid to lenders, 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 based in the Netherlands, providing a range of financial services including retail banking, investment banking, and asset management. As a major player in the financial sector, it is influenced by trends such as interest rates, consumer spending, and economic growth.

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, surpassing estimates by 5.44%. The stock reacted positively, gaining 4.63% the following day.

Management Promises & Guidance

Focus on improving customer experience and digital banking services.
Commitment to maintaining a strong capital position.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after a series of positive surprises in recent quarters. However, the lack of analyst estimates adds uncertainty.

Bull Case

If ING can continue its trend of beating EPS estimates and show strong loan growth, it could see significant stock appreciation.

Bear Case

Conversely, if the bank fails to meet expectations or shows signs of slowing loan growth, it could face a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is loan growth trending in the current economic environment?

Loan growth is essential for future earnings, and insights on this will help gauge the bank's performance and outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ING's ability to maintain strong loan growth despite economic headwinds, which could lead to better-than-expected earnings.

Supporting Evidence

Recent positive EPS surprises indicate strong management performance.

Options are pricing a larger move than historical averages, suggesting expectations may be overly cautious.

Key Risk

If loan growth exceeds expectations, it could significantly alter the market's perception of ING's future earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is looking for signs of continued growth and profitability, especially after recent positive surprises.

Bull Confirmed If

A reported EPS exceeding $0.65 would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.60 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting 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 about 3.26%, confirming ongoing strength.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally as investors assess future guidance.

Miss

A miss could lead to a minimal reaction, with historical data suggesting a flat response, averaging around 0.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends and demand for credit.
2Insights into net interest margin performance and outlook.
3Management's commentary on digital banking initiatives.
4Updates on cost management and operational efficiency measures.
5Any changes in guidance or outlook for the remainder of the fiscal year.

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 based in the Netherlands, providing a range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid to lenders, 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, surpassing estimates by 5.44%. The stock reacted positively, gaining 4.63% the following day.

Management Promises & Guidance

Focus on improving customer experience and digital banking services.
Commitment to maintaining a strong capital position.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after a series of positive surprises in recent quarters. However, the lack of analyst estimates adds uncertainty.

Bull Case

If ING can continue its trend of beating EPS estimates and show strong loan growth, it could see significant stock appreciation.

Bear Case

Conversely, if the bank fails to meet expectations or shows signs of slowing loan growth, it could face a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is loan growth trending in the current economic environment?

Loan growth is essential for future earnings, and insights on this will help gauge the bank's performance and outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate ING's ability to maintain strong loan growth despite economic headwinds, which could lead to better-than-expected earnings.

Supporting Evidence

Recent positive EPS surprises indicate strong management performance.

Options are pricing a larger move than historical averages, suggesting expectations may be overly cautious.

Key Risk

If loan growth exceeds expectations, it could significantly alter the market's perception of ING's future earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is looking for signs of continued growth and profitability, especially after recent positive surprises.

Bull Confirmed If

A reported EPS exceeding $0.65 would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.60 would support the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting 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 about 3.26%, confirming ongoing strength.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally as investors assess future guidance.

Miss

A miss could lead to a minimal reaction, with historical data suggesting a flat response, averaging around 0.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends and demand for credit.
2Insights into net interest margin performance and outlook.
3Management's commentary on digital banking initiatives.
4Updates on cost management and operational efficiency measures.
5Any changes in guidance or outlook for the remainder of the fiscal year.