ING Beats Q2 Estimates

ING ING Group RESULTS: Q2, Q2 Net Income EUR 1.947B vs.

EST EUR 1.863B, Q2 net fee Income EUR 1.278B vs.

EST EUR 1.233B, Q2 total Income EUR 6.284B vs.

EST EUR 6.124B, Q2 cet1 capital ratio 13.1% vs.

EST 13%, Q2 pretax profit EUR 2.919B vs.

EST EUR 2.715B, ING Group Earnings Notes:, Outlook for fees and total Income, with rote now expected at >15% and >16%, respectively, Will pay an interim cash dividend of EUR 0.40 per ordinary share, Q2 commercial nii at EUR 4.17B, Q2 cet1 ratio 13.1%, Outlook 2027: total Income is expected to exceed €26B, of which €5.3-€5.5B in fee Income, Outlook 2027: we project total operating expenses (excluding incidental items) of around €13B, Outlook 2026: total Income is now expected to exceed €24.5B, including about €5B in fee Income, Total operating expenses (excluding incidental items post 1Q2026) are projected to be in the range of €12.6-€12.8B