Lloyds Banking reports 1H net income GBP 8.9B vs. GBP 8.4B last year

Reports 1H EPS 3.8p vs. 3.4p last year. Statutory profit after tax of GBP 2.5B with net income up 6% year on year, partly offset by higher operating costs and impairment charge. Robust return on tangible equity of 14.1%; Underlying net interest income of GBP 6.7B, up 5% compared to the first half of 2024. This reflects a banking net interest margin of 3.04%, up 10 basis points year-on-year, alongside higher average interest-earning banking assets of GBP 458B. “We have shown sustained strength in our financial performance in the first half of 2025, with income growth, cost discipline and robust asset quality, driving strong capital generation and increased shareholder distributions, with a 15% increase in the interim ordinary dividend. We continue to make great progress in our purpose-driven strategy, building differentiated customer outcomes and delivering growth across our business as we build towards our ambitious targets for 2026. Our strategic progress and sustained strength in our financial performance allows us to re-affirm our 2025 guidance and gives us confidence in our 2026 commitments. It also underpins our delivery of higher, more sustainable returns for our shareholders,” said CEO Charlie Nunn.