ING Groep N.V. Reports First Quarter 2026 Results

ING Groep N.V. reported a net result of €1,556 million for the first quarter of 2026, an increase of 6.9% year-on-year. This performance was driven by continued growth in customer balances and fee income, with profit before tax rising by 6% year-on-year to €2,258 million. The bank saw a further increase in commercial net interest income, supported by sustained growth in customer balances and a higher liability margin. Fee income also showed strong growth, up 13% year-on-year, particularly in Retail and Wholesale Banking. Operating expenses declined compared to the previous quarter and were broadly stable year-on-year. The company announced a share buyback program of €1.0 billion. The CET1 ratio stood at 13.0%, and the four-quarter rolling average return on tangible equity was 13.9%. ING confirmed its outlook for 2026 and 2027, expecting total income around €24 billion in 2026 and exceeding €25 billion in 2027, with projected return on tangible equity above 14% for 2026 and above 15% for 2027.