ING Groep NV (ING Groep NV) Retained Earnings : $40,188 Mil (As of Dec. 2023)

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What is ING Groep NV Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ING Groep NV's retained earnings for the quarter that ended in Dec. 2023 was $40,188 Mil.

ING Groep NV's quarterly retained earnings declined from Jun. 2023 ($38,195 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($40,188 Mil).

ING Groep NV's annual retained earnings declined from Dec. 2021 ($42,167 Mil) to Dec. 2022 ($37,017 Mil) but then increased from Dec. 2022 ($37,017 Mil) to Dec. 2023 ($40,188 Mil).

ING Groep NV Retained Earnings Historical Data

The historical data trend for ING Groep NV's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ING Groep NV Retained Earnings Chart

ING Groep NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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28,730.00

42,798.05

42,167.23

37,016.95

40,187.57

ING Groep NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															37,016.95	-	38,195.02	-	40,187.57

ING Groep NV Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

ING Groep NV (NYSE:ING) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

ING Groep NV (ING Groep NV) Business Description

Industry

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Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.