2026 Q1 financial results

"In the first quarter of 2026, the Group delivered sustained strength in financial performance, growing our income, maintaining our cost discipline and delivering strong profitability. We are confident in our delivery for the year ahead and reiterate our guidance for 2026."  

 Charlie Nunn, Group Chief Executive

£4.8bn

Net income

(+9% YoY)

£2.5bn

Operating costs

(-3% YoY)

51.9%

Cost:income ratio

£1.6bn

Statutory profit after tax

(+37% YoY)

4% / 2%

YoY loan / deposit growth

17.0%

Return on tangible equity

Frequently asked questions

  • In the first quarter of 2026, we once again delivered sustained strength in financial performance, with continued growth in income, ongoing cost discipline and strong asset quality. We have a resilient business model that positions us well in the context of the current macroeconomic environment. 

  • Our financial performance gives us confidence in the outlook for our business. We are reiterating our 2026 guidance, including a modest increase in net interest income.

  • Going forward, given the Board’s continued confidence in capital generation, the Group intends to consider additional capital distributions in addition to the ordinary dividend twice per year, starting in mid 2026. We still remain committed to paying down to our target CET1 ratio of around 13.0% by end of 2026.

  • In 2026, we entered the final year of our five-year strategic plan, continuing to scale the core business, driving growth in high value areas, deepening customer relationships and strengthening cross-Group collaboration. Strong strategic momentum means we now expect to generate around £2 billion of additional revenues from strategic initiatives by the end of 2026, exceeding our initial £1.5 billion target.

    Further details on our strategic progress will be provided at our half year results on 30 July 2026, alongside the release of our new strategy. 

    Financial calendar

Key information for investors

Purpose and strategy

Our purpose is Helping Britain Prosper. We do this by creating a more sustainable and inclusive future for people and business, shaping finance as a force for good.

Sustainability

We have an important role to play in creating a more sustainable and inclusive future for people and businesses, by shaping finance as a force for good.

Group Executive Committee

The Group Executive Committee reports to the Group Chief Executive and is responsible for delivering our vision across different parts of the business.

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News and insight


The latest updates and opinions from across the Group.

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Artificial intelligence is now reshaping every industry, but in financial services it has the potential to transform how we make decisions, manage risk, serve customers, and empower colleagues.

Group funds sustainable home finance scholarship

16 March 2026 | Lloyds Banking Group 

Lloyds Banking Group has partnered with the Green Finance Institute to fund a first-of-its kind scholarship scheme for mortgage industry professionals to complete the Green Finance Institute’s (GFI) newly-developed Certificate in Financing Greener Homes.

Bank on Lloyds: shaping the future of finance

29 Jan 2026 | Charlie Nunn

Charlie Nunn, Group Chief Executive, reflects on Lloyds Banking Group’s delivery of the largest digital transformation in UK financial services, and shares his confidence in shaping the future of finance.