- ING’s fourth-quarter net income was €1.15 billion, falling short of the estimated €1.29 billion.
- Total income met expectations at €5.41 billion.
- Net interest income surpassed projections, reaching €3.68 billion against an estimate of €3.66 billion.
- Net fee and commission income was slightly higher than forecast at €1.00 billion, compared to the estimate of €988.9 million.
- Pretax profit came in at €1.77 billion, below the anticipated €1.84 billion.
- The net interest margin edged slightly higher than expected at 1.4%, compared to the estimate of 1.39%.
- Risk-weighted assets were valued at €333.7 billion, exceeding the projection of €329.84 billion.
- Common equity Tier 1 ratio was 13.6%, just under the estimated 13.8%.
- Cost to income ratio was 61.7%, higher than the expected 59.1%.
- Provision for loan losses was lower than anticipated, amounting to €299 million versus a forecast of €355.3 million.
- For the year 2024, the dividend per share amounted to €0.71.
- Analyst recommendations included 12 buys, 13 holds, and 1 sell.
A look at ING Groep NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ING Groep NV, a global financial services provider, is positioned favorably for the long term based on its Smartkarma Smart Scores. The company excels in dividend and growth potential, receiving top marks in both categories. This indicates a strong ability to provide stable returns to investors and promising prospects for expansion.
While ING Groep NV shows solid value and momentum, its resilience score lags behind. This suggests that the company may face challenges in adverse economic conditions. Overall, ING Groep NV presents a compelling investment opportunity with high potential for returns, especially in terms of dividends and growth prospects.
Summary of the company:
### ING Groep N.V. offers financial services to individuals, corporations, and other institutions. The Company offers corporate, investment, and private banking services, asset and portfolio management, treasury services, and insurance. ING Groep has offices throughout the world. ###
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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