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ING Groep N.V. (ING)

NYSE: ING · Commercial Banks, NEC · Amsterdam, NL · filing with the SEC since 1997
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Grade5.5
◀ Past 6.4● Present 5.2▶ Future 4.6
1 est.
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The grade of ING Groep N.V.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past6.440% of the headline
● Present5.235% of the headline
▶ Future4.625% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.9/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 59th percentile among 33 sector filers · read for itself

From the record

ING Groep N.V.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.8/10

What has it actually done, year after year?

+4.1% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 28th percentile among 22 sector filers · read for its customers

From the record

ING Groep N.V.'s 10 filed years say what it did: revenue went from EUR 18 billion in fiscal 2016 to EUR 26 billion in fiscal 2025, up 4.1% a year; it rose in 6 of 9 years; the deepest fall was 40% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.1%bottom 20% of its family
  • the share of years revenue rosebottom 18% of its family
  • the share of filed years with a profittop 40% of its family
  • the deepest fall from a revenue peak40.4%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.5/10

How has it treated the people who own it?

Share count shrank 6.2% a year. 100% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 95th percentile among 29 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, ING Groep N.V.'s diluted share count shrank about 6.2% a year, and dividends and buybacks returned about 100% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 9% of its family
  • cash returned against operating cash flowtop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.0/10

Is it financially healthy right now?

ROE 15%: 15¢ of profit per shareholder dollar. Leverage 95%: owes 95¢ per asset dollar.

weight 45% of this tense · 60th percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ING Groep N.V. earned about 15 cents of profit for every dollar of shareholders' money. Leverage: it owed about 95 cents per dollar of assets, and net share issuance: its share count shrank 7.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 11% of its family
  • return on equitytop 31% of its family
  • the share count against the year beforetop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.3/10

How strong is its position in its industry?

bottom 43% of 21 in its family; net margin 32.4%.

weight 33% of this tense · 43rd percentile among 21 sector filers · read for its customers

From the record

ING Groep N.V.'s standing among 21 graded names in its industry family: revenue of EUR 26 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 32.4% ranks in the top 25%; revenue growth of -5.5% a year over the last 3 filed years ranks in the bottom 11% (its annual reports).

What it rests on

  • net margin32.4%top 25% of its family
  • three-year revenue growth-5.5%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ING Groep N.V.'s leadership is put at 5.0 of 10 with a confidence of 15 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.6/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.9/10

How much room does it have to grow?

bottom 29% of 19 in its family for room to expand.

weight 33% of this tense · 29th percentile among 19 sector filers · read for itself

From the record

ING Groep N.V.'s room to grow, from the newest filed statements (fiscal 2025): cash of EUR 54 billion against no long-term debt tagged leaves 5.1% of its assets as net cash, bottom 40% of its family; cash from operations less capital spending is -26.2% of revenue (bottom 18%) (its annual report).

What it rests on

  • cash less debt against assets5.1%bottom 40% of its family
  • cash from operations less capital spending against revenue-26.2%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.2/10

What could actually drive growth from here?

bottom 42% of 22 in its family for growth drivers.

weight 33% of this tense · 42nd percentile among 22 sector filers · read for its customers

From the record

ING Groep N.V.'s growth drivers, from the filed years to fiscal 2025: revenue grew -5.5% a year over the last three filed years against 4.1% over all 10, slowing (bottom 17% of its family); the newest year grew 21.8% (top 16%); capital spending grew 15% a year (bottom 26%) (its annual reports). ING Groep N.V. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-9.6 points a yearbottom 17% of its family
  • the newest year's revenue growth21.8%top 16% of its family
  • three-year growth of capital spending15.0%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 33% of 20 in its family for expectations against reality.

weight 33% of this tense · 67th percentile among 20 sector filers · read for its shareholders

From the record

ING Groep N.V.'s newest year against its own record: revenue of EUR 26 billion in fiscal 2025 came in 46.2% above the EUR 18 billion its prior three years' pace pointed to (top 3% of its family); net income of EUR 8.3 billion against a prior three-year average of EUR 7.2 billion (bottom 38%); a net margin of 32.4% against 29.3% before (top 32%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace46.2%top 3% of its family
  • net income against the prior three years' average+16%bottom 38% of its family
  • net margin against its prior average+3.1 pointstop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ING · research, not advice