ING Groep Full Year 2022 Earnings: EPS Beats Expectations

·1-min read

ING Groep (AMS:INGA) Full Year 2022 Results

Key Financial Results

  • Revenue: €17.6b (down 1.9% from FY 2021).

  • Net income: €3.67b (down 23% from FY 2021).

  • Profit margin: 21% (down from 27% in FY 2021). The decrease in margin was primarily driven by higher expenses.

  • EPS: €1.02 (down from €1.23 in FY 2021).

INGA Banking Performance Indicators

  • Cost-to-income ratio: 60.3% (down from 60.5% in FY 2021).

  • Non-performing loans: 1.82% (down from 1.90% in FY 2021).


All figures shown in the chart above are for the trailing 12 month (TTM) period

ING Groep EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 7.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with ING Groep, and understanding it should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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