ING Groep N.V. (INGVF)

ING Groep Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	-	44,658	24,439	18,577	20,715	25,347
Interest Income on Investments	-	7,741	3,934	2,474	1,843	3,107
Total Interest Income	-	52,399	28,373	21,051	22,558	28,454
Interest Paid on Deposits	-	28,510	10,019	5,085	7,402	11,291
Interest Paid on Borrowings	-	7,726	3,762	1,966	1,605	3,084
Total Interest Expense	-	36,236	13,781	7,051	9,007	14,375
Net Interest Income	15,406	16,163	14,592	14,000	13,551	14,079
Net Interest Income Growth (YoY)	-6.52%	10.77%	4.23%	3.31%	-3.75%	1.17%
Gain (Loss) on Sale of Assets	-	-	6	-29	-3	117
Gain (Loss) on Sale of Investments	-13	-13	-165	42	-2	50
Gain (Loss) on Sale of Equity Investments	149	149	92	141	66	82
Other Non-Interest Income	2,865	2,066	16,226	5,868	3,670	3,900
Total Non-Interest Income	3,001	2,202	16,159	6,022	3,731	4,149
Non-Interest Income Growth (YoY)	-83.09%	-86.37%	168.33%	61.40%	-10.07%	-2.63%
Revenues Before Loan Losses	18,407	18,365	30,751	20,022	17,282	18,228
Provision for Loan Losses	1,199	738	1,328	516	2,675	1,120
Revenue	17,208	17,627	29,423	19,506	14,607	17,108
Revenue Growth (YoY)	-49.47%	-40.09%	50.84%	33.54%	-14.62%	-2.36%
Salaries and Employee Benefits	6,693	6,693	6,125	5,910	5,793	5,714
Selling, General & Administrative	400	400	357	336	354	432
Other Non-Interest Expense	4,504	4,207	4,416	4,612	4,297	4,141
Total Non-Interest Expense	11,597	11,300	10,898	10,858	10,444	10,287
EBT Excluding Unusual Items	5,611	6,327	18,525	8,648	4,163	6,821
Asset Writedown	-38	-38	-47	-121	-558	-59
Legal Settlements	-52	-52	-51	-	-	-
Other Unusual Items	-26.73	-26.73	-866.93	72	-58	79
Pretax Income	5,321	6,037	17,358	8,385	3,398	6,835
Income Tax Expense	1,420	1,662	5,130	2,306	1,070	1,955
Earnings From Continuing Operations	3,901	4,375	12,228	6,079	2,328	4,880
Minority Interest in Earnings	-251	-235	-102	-128	-78	-99
Net Income	3,650	4,140	12,126	5,951	2,250	4,781
Net Income to Common	3,650	4,140	12,126	5,951	2,250	4,781
Net Income Growth	-76.09%	-65.86%	103.76%	164.49%	-52.94%	1.66%
Basic Shares Outstanding	3,295	3,563	3,619	3,889	3,899	3,895
Diluted Shares Outstanding	3,297	3,565	3,624	3,891	3,901	3,895
Shares Change (YoY)	-5.69%	-1.63%	-6.85%	-0.27%	0.15%	0.13%
EPS (Basic)	1.11	1.16	3.35	1.53	0.58	1.23
EPS (Diluted)	1.11	1.16	3.35	1.53	0.58	1.23
EPS Growth	-74.71%	-65.37%	118.95%	165.13%	-52.99%	1.50%
Dividend Per Share	1.106	1.106	0.559	0.890	0.120	0.240
Dividend Growth	94.38%	97.85%	-37.19%	641.67%	-50.00%	-64.71%
Effective Tax Rate	26.69%	27.53%	29.55%	27.50%	31.49%	28.60%

Source: S&P Capital IQ. Banks template. Financial Sources.