ING Groep Full Year 2024 Earnings: EPS Misses Expectations
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ING Groep reported its Full Year 2024 results, with revenue at €21.4 billion (up 22% from FY 2023) and net income at €6.39 billion (up 54%). Despite a profit margin increase to 30%, EPS of €1.98 missed analyst expectations by 1.1%. The Retail Banking segment was the main revenue driver, contributing €14.7 billion. Revenue is forecasted to grow 4.0% annually over the next three years, outpacing the European banking industry's 3.7% growth forecast. The company's shares have risen 10% in the past week.
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