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ING Headlines: Good Revenues, Credit Stats.

FINANCIALS

ING (INTNED: Baa1/A-/A+) results headlines look like 2% better revenues, small cost and loan loss beats driving 9% net income beat. Guidance appears unchanged:


  • ING 1Q LOAN-LOSS PROVISION EU258M, EST. EU258.3M
  • ING Groep CET1 Ratio 14.8% (cons: 14.6%)
  • ING ANNOUNCES €2.5B SHARE BUYBACK
  • ING Groep 1Q Net Pft EUR1.58B (cons: 1.45bn)
  • ING Groep 1Q Total Income EUR5.58B (cons: 5.44bn)
  • ING 1Q NET INCOME EU1.58B, EST. EU1.45B
  • ING 1Q NET INTEREST INCOME EU3.83B, EST. EU3.83B
  • ING Groep Backs 2024 View

Conf call at 0800 at: https://online.ing.com/1q-2024-quarterly-results-analyst-call/join/aqg0ikbw

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