Equity Profile

ING

ING Groep N.V.

FinancialsDiversified Banks$82.3B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ING Groep N.V. is a global financial institution that provides banking services to individuals and businesses....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and is closely watched by investors.

N/A

Net Interest Margin

This metric indicates how well the bank is managing its interest income versus interest expenses, which is crucial in a fluctuating interest rate environment.

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 global financial institution that provides banking services to individuals and businesses. As a major player in the financial sector, it is influenced by trends in consumer spending, interest rates, and economic conditions.

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 net interest margins.
Commitment to expanding digital banking services.
Plans to enhance customer experience through technology.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of ING's Q2 earnings report, given the recent positive EPS surprises. However, there is uncertainty regarding revenue growth.

Bull Case

If ING continues to beat EPS estimates and shows strong loan growth, it could signal robust financial health and lead to a significant stock price increase.

Bear Case

Conversely, if the bank reports disappointing loan growth or lower net interest margins, it may raise concerns about its profitability and lead to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected net interest margin for Q2 2026?

This metric will indicate how well ING is managing its interest income, which is critical for profitability in a rising interest rate environment.

How has loan growth performed compared to previous quarters?

Loan growth is essential for revenue generation, and any slowdown could raise concerns about the bank's future earnings potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising interest rates on ING's net interest margin, which could lead to stronger than expected profitability.

Supporting Evidence

Recent trends in interest rates suggest a favorable environment for banks like ING.

The bank's focus on digital transformation may drive efficiencies that enhance margins.

Historical performance shows that ING has often exceeded EPS expectations.

Key Risk

If the net interest margin exceeds 2.5%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing ING's ability to maintain profitability amidst changing economic conditions, particularly in interest rates and loan demand.

Bull Confirmed If

A net interest margin above 2.5% would confirm the bull case, indicating strong profitability.

Bear Confirmed If

Loan growth below 5% year-over-year would support the bear case, suggesting potential challenges ahead.

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 investors 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 the stock could rise by around 3.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty.

Miss

A miss could lead to a minimal reaction, with historical data indicating an average move of only +0.02% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on net interest margin expectations for Q2 2026.
2Details on loan growth and any changes in lending standards.
3Insights into the bank's digital transformation initiatives.
4Management's outlook on economic conditions affecting banking.
5Any commentary on cost management strategies.

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 global financial institution that provides banking services to individuals and businesses....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and is closely watched by investors.

N/A

Net Interest Margin

This metric indicates how well the bank is managing its interest income versus interest expenses, which is crucial in a fluctuating interest rate environment.

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 net interest margins.
Commitment to expanding digital banking services.
Plans to enhance customer experience through technology.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of ING's Q2 earnings report, given the recent positive EPS surprises. However, there is uncertainty regarding revenue growth.

Bull Case

If ING continues to beat EPS estimates and shows strong loan growth, it could signal robust financial health and lead to a significant stock price increase.

Bear Case

Conversely, if the bank reports disappointing loan growth or lower net interest margins, it may raise concerns about its profitability and lead to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected net interest margin for Q2 2026?

This metric will indicate how well ING is managing its interest income, which is critical for profitability in a rising interest rate environment.

How has loan growth performed compared to previous quarters?

Loan growth is essential for revenue generation, and any slowdown could raise concerns about the bank's future earnings potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising interest rates on ING's net interest margin, which could lead to stronger than expected profitability.

Supporting Evidence

Recent trends in interest rates suggest a favorable environment for banks like ING.

The bank's focus on digital transformation may drive efficiencies that enhance margins.

Historical performance shows that ING has often exceeded EPS expectations.

Key Risk

If the net interest margin exceeds 2.5%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing ING's ability to maintain profitability amidst changing economic conditions, particularly in interest rates and loan demand.

Bull Confirmed If

A net interest margin above 2.5% would confirm the bull case, indicating strong profitability.

Bear Confirmed If

Loan growth below 5% year-over-year would support the bear case, suggesting potential challenges ahead.

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 investors 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 the stock could rise by around 3.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty.

Miss

A miss could lead to a minimal reaction, with historical data indicating an average move of only +0.02% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on net interest margin expectations for Q2 2026.
2Details on loan growth and any changes in lending standards.
3Insights into the bank's digital transformation initiatives.
4Management's outlook on economic conditions affecting banking.
5Any commentary on cost management strategies.