ING Groep Q2 2026: Revenue Beat Masks an EPS Miss as Fee Income Jumps 14%
As seen on the 24/7 Wall St. homepage on July 30, 2026.
ING missed earnings but beat revenue as fee income surged 14% and its digital customer base grew 377,000 in the quarter, prompting the bank to raise full-year profit guidance above 15% return on tangible equity.
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ING Groep reported Q2 2026 earnings per share of $0.68, falling about 8.6% short of the $0.74 consensus estimate. That EPS miss stands out against a mostly solid recent track record — the bank beat estimates in five of the prior eight quarters shown in its earnings history, including three straight beats heading into this report. On the revenue side, however, ING cleared the bar, posting $6.28 billion against an estimate of $6.09 billion, a beat of roughly 3%.
The underlying story is more constructive than the headline EPS number suggests. Fee income surged 14% in the quarter and ING added 377,000 digital customers, pointing to continued momentum in its retail banking franchise. Those trends gave management enough confidence to raise full-year profit guidance, now targeting a return on tangible equity above 15%.
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The raised guidance is the key signal for investors to weigh against the EPS shortfall. A return-on-tangible-equity target above 15% signals that management views the fee income and digital growth trends as durable rather than one-off, making the Q3 2026 report the next meaningful checkpoint for whether that confidence is warranted.