ING Earnings Prediction
The chart below shows how ING performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ING sees a -1.20% change in stock price 10 days leading up to the earnings, and a +2.10% change 10 days following the report. On the earnings day itself, the stock moves by +0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
ING Key Earning Data
2024/Q4
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ING Earnings Analysis
ING Groep N.V. American Depositary Shares Corporation (ING.N) Earnings Conference Call
Positive
Mobile Customer Growth: The number of mobile primary customers increased by 189,000 this quarter, with around 900,000 new mobile primary customers added over the last 12 months.
Record Income Achievement: Total income reached the highest level ever in the third quarter, with fee income exceeding €1 billion for the first time.
Lending Book Expansion: Our lending book grew by €9 billion, particularly strong performance in mortgages.
Attractive Distribution Announcement: We announced an additional distribution of €2.5 billion, providing an attractive return of 17% this year.
Income Increase Projection: Total income is expected to end up above €22.5 billion, up from more than €22 billion previously.
Negative
Expense Increase Forecast: Total expenses in the first nine months of the year increased by just over 3% compared to the same period last year, and we expect total cost to end up at around €12 billion for the full year 2024.
Expense Increase Analysis: Expenses, excluding regulatory costs and incidental items were approximately 7% higher.
Risk Cost Analysis: Total risk costs were €336 million this quarter or 20 basis points on average customer lending, equal to our through-the-cycle average.
Provisions and Risk Costs: Net additions to Stage 3 provisions amounted to €453 million, which was partly offset by a net release in Stage 1 and Stage 2 risk costs, reflecting a partial release of management overlays and some model updates in retail banking.
Core Tier 1 Ratio Impact: The announced €2.5 billion additional distribution, we have a pro forma impact of 76 basis points on core Tier 1 ratio, which is well above our target of around 12.5%.
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ING Earning Call Sentiment
ING Groep N.V. (ING) Q3 2024 Earnings Call Transcript
ING.N
0.54%Positive
The earnings call summary reveals strong financial performance with record fee income and a robust ROE of 13.8%. The shareholder return plan, including a €2 billion share buyback and €500 million dividend, is highly positive. Despite some concerns about treasury income volatility and cost pressures, the overall sentiment is bolstered by optimistic guidance and strategic initiatives. The Q&A session did not reveal significant negative trends, and the company's growth strategy in mortgages and customer balances remains promising. These factors suggest a positive stock price movement in the short term.