Quarterly ResultApr 30, 2026, 06:23 AM
ING 1Q2026 Net Result €1,556M; Profit Before Tax €2,258M; €1.0B Buyback
AI Summary
ING Group reported a strong first quarter 2026 net result of €1,556 million, with profit before tax increasing 6% year-on-year to €2,258 million. This performance was driven by continued growth in customer balances, a 13% year-on-year increase in fee income, and disciplined cost management. The company also announced a new €1.0 billion share buyback program, maintaining its CET1 ratio target of approximately 13%. ING confirmed its upgraded outlook for 2026 and 2027, expecting ROTE to exceed 14% for full-year 2026.
Key Highlights
- ING 1Q2026 net result was €1,556 million, up 7% year-on-year.
- Profit before tax reached €2,258 million, a 6% increase year-on-year.
- Fee income grew 13% year-on-year to €1,236 million.
- Announced a new €1.0 billion share buyback program.
- Return on tangible equity (ROTE) was 13.6% for 1Q2026, up 130 bps year-on-year.
- Common Equity Tier 1 (CET1) ratio stood at 13.0%.
- Net core lending growth was €15.0 billion, with Retail Banking contributing €9.4 billion.
- Outlook for 2026: ROTE expected to exceed 14% and total income around €24 billion.