Lloyds reaffirms 2026 underlying net interest income guidance above £14.9 billion
LYG•Lloyds Banking Group reaffirmed its 2026 guidance for underlying net interest income above £14.9 billion. Nine-month statutory profit after tax rose to £4.8 billion from £3.3 billion a year earlier, while net income increased 9% to £14.8 billion.
1. 2026 guidance reaffirmed
Lloyds Banking Group reaffirmed its 2026 targets, including a cost-to-income ratio below 50%, operating costs below £9.9 billion and return on tangible equity above 16%. It expects capital generation to exceed 200 basis points, an asset quality ratio around 25 basis points and plans to reduce its CET1 capital ratio to about 13%.
2. Nine-month results
Nine-month statutory profit after tax rose to £4.8 billion from £3.3 billion a year earlier, and net income increased 9% to £14.8 billion.
