---
title: "ING Groep Full Year 2024 Earnings: EPS Misses Expectations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231076132.md"
description: "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."
datetime: "2025-03-08T10:41:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231076132.md)
  - [en](https://longbridge.com/en/news/231076132.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231076132.md)
---

# ING Groep Full Year 2024 Earnings: EPS Misses Expectations

## ING Groep (AMS:INGA) Full Year 2024 Results

### Key Financial Results

-   Revenue: €21.4b (up 22% from FY 2023).
-   Net income: €6.39b (up 54% from FY 2023).
-   Profit margin: 30% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
-   EPS: €1.98 (up from €1.16 in FY 2023).

### INGA Banking Performance Indicators

-   Net interest margin (NIM): 1.70% (down from 1.90% in FY 2023).
-   Cost-to-income ratio: 53.6% (up from 51.2% in FY 2023).
-   Non-performing loans: 1.93% (up from 1.78% in FY 2023).

ENXTAM:INGA Revenue and Expenses Breakdown March 8th 2025

_All figures shown in the chart above are for the trailing 12 month (TTM) period_

### ING Groep EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%.

The primary driver behind last 12 months revenue was the Retail Banking segment contributing a total revenue of €14.7b (69% of total revenue). _Explore how INGA's revenue and expenses shape its earnings._

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe.

_Performance of the market in **the Netherlands.**_

The company's shares are up 10% from a week ago.

### Risk Analysis

Be aware that ING Groep is showing **1 warning sign in our investment analysis** that you should know about...

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