AMSTERDAM (AP) _ ING Groep NV (ING) on Friday reported first-quarter profit of $739 million.

The bank, based in Amsterdam, said it had earnings of 19 cents per share.

The financial services provider posted revenue of $4.98 billion in the period. Its revenue net of interest expense was $4.98 billion, exceeding Street forecasts.

ING shares have dropped 54% since the beginning of the year. In the final minutes of trading on Friday, shares hit $5.49, a drop of 54% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ING at https://www.zacks.com/ap/ING

Automated Insights, source Associated Press News