Why invest in Lloyds Banking Group?
Higher, more sustainable returns as we continue Helping Britain Prosper.
Lloyds Banking Group is the UK's largest digital bank.
How we create value, and what sets us apart
We have a number of distinct competitive strengths that collectively differentiate our proposition.
Read our annual report to find out more about our business model.
Purpose-driven strategy delivers for broader stakeholders
Building on our strong foundations and distinct competitive strengths, our purpose of Helping Britain Prosper forms the basis of our strategy to profitably deliver for all of our stakeholders.
Our purpose
Helping Britain Prosper
Our strategic vision
UK customer-focused digital leader and integrated financial services provider, capitalising on new opportunities, at scale.
Grow
Drive revenue growth and diversification.
Focus
Strengthen cost and capital efficiency.
Change
Maximise the potential of people, technology and data.
Higher, more sustainable, returns and capital generation
The Group has a progressive and sustainable ordinary dividend policy whilst maintaining the flexibility to return further surplus capital through buybacks or special dividends.
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
Confidence in delivering higher, more sustainable returns
2026 guidance
Based on the sustained strength in our financial performance and our current macroeconomic assumptions, for 2026 the Group reiterates its guidance:
- Underlying net interest income now expected to be greater than £14.9 billion
- Cost:income ratio of less than 50% (including operating costs of less than £9.9 billion)
- Asset quality ratio of c.25 basis points
- Return on tangible equity of greater than 16%
- Capital generation of greater than 200 basis points
- To pay down to a CET1 ratio of c.13.0%
Who we are
We're a leading UK-based financial services group with over 325 years' history and a unique family of household brands. Our purpose at Lloyds Banking Group is Helping Britain Prosper.
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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.
