Lloyds Banking Group plc filed a Form 6-K with the SEC on 29 October 2026, reporting its Q3 2026 Interim Management Statement covering results for the nine months ended 30 September 2026.

Key Highlights

  • Statutory profit before tax of £6.6 billion for the nine months to 30 September 2026, compared with £4.7 billion for the equivalent period in 2025, according to the filing.
  • Return on tangible equity of 17.9% for the nine-month period, up 6.0 percentage points year-on-year.
  • Underlying net interest income of £11.1 billion, up 10% year-on-year, with a banking net interest margin of 3.21%, up 17 basis points.
  • Underlying loans and advances to customers of £495.5 billion, an increase of £14.4 billion (3%) in the first nine months of 2026.
  • CET1 ratio of 13.3% at 30 September 2026, after the interim ordinary dividend, foreseeable ordinary dividend accrual, the share buyback announced in July 2026, and the completed acquisition of Curve.
  • Underlying other income of £5.0 billion, up 10% year-on-year, with the filing attributing growth to strengthening customer activity, strategic initiatives, and the addition of Lloyds Wealth.
  • Full-year 2026 guidance maintained, including underlying net interest income of greater than £14.9 billion and return on tangible equity of greater than 16%.

Lloyds Banking Group Nine-Month Financial Performance and 2026 Guidance

According to the filing, Lloyds Banking Group (NYSE:LYG) reported statutory profit before tax of £6,625 million for the nine months ended 30 September 2026, a 42% increase from £4,678 million in the comparable 2025 period. The filing attributed the improvement to higher total income and a lower remediation charge, partially offset by higher charges for operating lease depreciation and impairment. Statutory profit after tax rose 46% to £4,835 million, with earnings per share of 7.6 pence compared with 4.8 pence a year earlier.

The filing reported that underlying net interest income reached £11,084 million, up 10% year-on-year, supported by a banking net interest margin of 3.21% and average interest-earning banking asset growth of 4% to £477.5 billion. Underlying other income of £4,996 million also rose 10%. Operating costs were £7,246 million, up 1% year-on-year. The underlying impairment charge of £930 million produced an asset quality ratio of 25 basis points, with the filing noting the charge reflected lower releases and an £88 million charge from updated multiple economic scenarios. The remediation charge fell sharply to £61 million from £912 million in the prior-year period.

On the balance sheet, customer deposits reached £502.8 billion at 30 September 2026, up £6.3 billion (1%) in the first nine months of 2026. Risk-weighted assets stood at £247.4 billion, up £11.9 billion (5%) from 31 December 2025. Tangible net assets per share were 55.4 pence, down 1.6 pence both year-to-date and in the third quarter. The filing stated the group remains on track for its full-year 2026 guidance targets, including a cost:income ratio of less than 50%, a CET1 ratio of approximately 13.0%, and capital generation of greater than 200 basis points (excluding capital distributions).

What Was Disclosed

Lloyds Banking Group filed a Form 6-K on 29 October 2026, disclosing its Q3 2026 Interim Management Statement with nine-month results to 30 September 2026, including income, costs, capital ratios, loan and deposit balances, and confirmation of full-year 2026 guidance.