Todays results29 Apr 2026 07:09
Lloyds Banking Group released its Q1 2026 results today, reporting a statutory profit before tax of £2.0 billion, a significant increase from £1.5 billion in the same period last year.
Net Income: Increased to £18.3 billion (up 7% year-on-year), driven by a higher banking net interest margin (NIM) of 3.17%.
Profitability: Delivered a return on tangible equity (RoTE) of 17.0%.
Costs: Operating costs fell by 3% to £2.5 billion, attributed to strategic cost savings and lower severance expenses.
Asset Quality: The impairment charge was £295 million (25 basis points), which the group described as reflecting "strong and stable credit performance".