NYSE : LYG
Lloyds Banking Group plc — Financial statements
Financials · Banks - Regional · United Kingdom
Last price 5.25 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 75.43B
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Financial statements
Income statement
Fiscal year January - December; amounts in GBP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 30.75B | 31.29B | 28.05B | 17.64B | 13.26B | |
| Interest Paid on Deposits | 17.52B | 19.01B | 14.75B | 4.72B | 2.39B | |
| Net Interest Income | 14.25B | 13.23B | 12.28B | 13.30B | 12.92B | 10.87B |
| Income From Trading Activities | 1.49B | 1.49B | 1.81B | 1.31B | -19.48B | 16.62B |
| Gain (Loss) on Sale of Investments | 3.00M | 3.00M | 7.00M | 122.00M | 92.00M | -2.00M |
| Gain (Loss) on Sale of Equity Investments | 2.00M | |||||
| Other Non-Interest Income | 5.52B | 4.70B | 3.91B | 3.90B | 22.51B | -11.75B |
| Total Non-Interest Income | 7.00B | 6.19B | 5.73B | 5.33B | 3.13B | 4.88B |
| Revenues Before Loan Losses | 21.25B | 19.42B | 18.00B | 18.63B | 16.05B | 15.75B |
| Provision for Loan Losses | 1.10B | 795.00M | 431.00M | 303.00M | 1.52B | -1.38B |
| Revenue | 20.15B | 18.63B | 17.57B | 18.33B | 14.53B | 17.13B |
| Salaries and Employee Benefits | 4.66B | 4.66B | 4.63B | 4.34B | 3.77B | 3.59B |
| Occupancy Expenses | 3.98B | 3.98B | 3.88B | 3.35B | 2.73B | 3.09B |
| Other Non-Interest Expense | 2.86B | 3.28B | 3.05B | 2.98B | 2.44B | 3.83B |
| Total Non-Interest Expense | 11.50B | 11.92B | 11.56B | 10.67B | 8.93B | 10.50B |
| EBT Excluding Unusual Items | 8.65B | 6.71B | 6.01B | 7.66B | 5.60B | 6.63B |
| Asset Writedown | -511.00M | 575.00M | ||||
| Pretax Income | 8.61B | 6.66B | 5.97B | 7.50B | 4.78B | 6.90B |
| Income Tax Expense | 2.34B | 1.90B | 1.49B | 1.99B | 859.00M | 1.02B |
| Earnings From Continuing Operations | 6.27B | 4.76B | 4.48B | 5.52B | 3.92B | 5.88B |
| Minority Interest in Earnings | -102.00M | -98.00M | -56.00M | -58.00M | -96.00M | -101.00M |
| Net Income | 6.17B | 4.66B | 4.42B | 5.46B | 3.83B | 5.78B |
| Preferred Dividends & Other Adjustments | 432.00M | 463.00M | 498.00M | 527.00M | 438.00M | 429.00M |
| Net Income to Common | 5.74B | 4.20B | 3.92B | 4.93B | 3.39B | 5.36B |
| Basic Shares Outstanding | 58.60B | 59.94B | 62.27B | 64.91B | 68.85B | 70.94B |
| Diluted Shares Outstanding | 59.47B | 60.81B | 63.27B | 65.77B | 69.68B | 71.78B |
| EPS (Basic) | 0.10 | 0.07 | 0.06 | 0.08 | 0.05 | 0.08 |
| EPS (Diluted) | 0.10 | 0.07 | 0.06 | 0.07 | 0.05 | 0.07 |
| Dividend Per Share | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 |
| Effective Tax Rate | 27.16% | 28.58% | 25.02% | 26.46% | 17.96% | 14.74% |
Balance sheet
Fiscal year January - December; amounts in GBP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 55.92B | 56.62B | 62.68B | 76.18B | 95.83B | 79.19B |
| Investment Securities | 617.31B | 326.36B | 294.98B | 268.20B | 231.79B | 296.70B |
| Trading Asset Securities | 278.71B | 35.51B | 40.26B | 39.59B | 52.06B | 22.05B |
| Total Investments | 896.02B | 361.88B | 335.24B | 307.79B | 283.85B | 318.75B |
| Gross Loans | 494.24B | 473.41B | 466.52B | 465.27B | 454.44B | |
| Allowance for Loan Losses | -3.01B | -3.19B | -3.73B | -4.53B | -3.82B | |
| Other Adjustments to Gross Loans | -2.52B | -2.46B | -2.29B | -1.76B | ||
| Net Loans | 488.70B | 467.76B | 460.51B | 458.98B | 450.62B | |
| Property, Plant & Equipment | 11.00B | 10.12B | 9.67B | 8.13B | ||
| Goodwill | 3.01B | 2.75B | 2.80B | 2.65B | 2.32B | |
| Other Intangible Assets | 5.46B | 5.30B | 5.35B | 4.79B | 4.20B | |
| Investments in Real Estate | 3.92B | 3.28B | 2.86B | 2.53B | ||
| Other Receivables | 1.35B | 526.00M | 1.18B | 612.00M | 363.00M | |
| Restricted Cash | 37.00M | 21.00M | 1.93B | 2.11B | 2.18B | |
| Other Current Assets | 1.79B | 6.76B | 1.46B | 1.22B | ||
| Long-Term Deferred Tax Assets | 3.99B | 5.00B | 5.18B | 6.42B | 3.77B | |
| Other Long-Term Assets | 43.20B | 6.32B | 7.26B | 6.54B | 6.21B | 19.87B |
| Total Assets | 995.14B | 944.07B | 906.70B | 881.45B | 873.39B | 881.26B |
| Interest Bearing Deposits | 511.19B | 399.44B | 387.60B | 374.85B | 368.60B | 483.99B |
| Non-Interest Bearing Deposits | 102.80B | 101.30B | 102.70B | 114.00B | ||
| Total Deposits | 511.19B | 502.24B | 488.90B | 477.55B | 482.60B | 483.99B |
| Short-Term Borrowings | 21.48B | 31.95B | 29.77B | 32.19B | 85.39B | 49.19B |
| Current Portion of Long-Term Debt | 45.83B | 48.46B | 25.81B | 18.47B | ||
| Current Portion of Leases | 294.00M | 334.00M | 335.00M | 233.00M | ||
| Current Income Taxes Payable | 52.00M | 45.00M | 39.00M | 8.00M | 6.00M | |
| Other Current Liabilities | 30.53B | 28.77B | 64.61B | 52.05B | 40.89B | |
| Long-Term Debt | 146.72B | 69.33B | 66.76B | 90.96B | 58.48B | 84.66B |
| Long-Term Leases | 732.00M | 927.00M | 1.30B | 1.08B | ||
| Pension & Post-Retirement Benefits | 120.00M | 122.00M | 136.00M | 126.00M | 230.00M | |
| Long-Term Deferred Tax Liabilities | 146.00M | 125.00M | 157.00M | 209.00M | 8.00M | |
| Other Long-Term Liabilities | 269.78B | 214.99B | 196.59B | 141.00B | 130.83B | 171.07B |
| Total Liabilities | 949.17B | 896.21B | 860.81B | 834.09B | 829.48B | 830.04B |
| Common Stock | 45.97B | 5.89B | 6.06B | 6.36B | 6.73B | 7.10B |
| Additional Paid-In Capital | 18.80B | 18.72B | 18.57B | 18.50B | 18.48B | |
| Retained Earnings | 6.29B | 5.91B | 6.79B | 6.55B | 8.32B | |
| Comprehensive Income & Other | 16.69B | 15.02B | 15.45B | 11.88B | 17.08B | |
| Total Common Equity | 45.97B | 47.67B | 45.72B | 47.16B | 43.67B | 50.98B |
| Minority Interest | 199.00M | 172.00M | 201.00M | 244.00M | 235.00M | |
| Shareholders' Equity | 45.97B | 47.87B | 45.89B | 47.37B | 43.91B | 51.22B |
| Total Liabilities & Equity | 995.14B | 944.07B | 906.70B | 881.45B | 873.39B | 881.26B |
| Total Debt | 168.20B | 148.14B | 146.25B | 150.59B | 163.66B | 133.84B |
| Net Cash (Debt) | 166.43B | 23.00B | 35.31B | 28.86B | 36.22B | 22.15B |
| Net Cash Per Share | 2.80 | 0.38 | 0.56 | 0.44 | 0.52 | 0.31 |
| Filing Date Shares Outstanding | 57.41B | 58.80B | 60.49B | 63.51B | 66.26B | 70.56B |
| Total Common Shares Outstanding | 57.41B | 58.80B | 60.49B | 63.51B | 66.26B | 70.56B |
| Book Value Per Share | 0.80 | 0.71 | 0.65 | 0.63 | 0.58 | 0.64 |
| Tangible Book Value | 45.97B | 39.20B | 37.66B | 39.01B | 36.23B | 44.47B |
| Tangible Book Value Per Share | 0.80 | 0.57 | 0.52 | 0.51 | 0.47 | 0.55 |
Cash flow statement
Fiscal year January - December; amounts in GBP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.66B | 4.42B | 5.46B | 3.83B | 5.78B | |
| Depreciation & Amortization | 2.21B | 2.21B | 2.90B | 2.40B | 2.83B | |
| Other Amortization | 1.27B | 1.22B | ||||
| Gain (Loss) on Sale of Assets | 65.00M | -36.00M | -61.00M | -121.00M | -268.00M | |
| Gain (Loss) on Sale of Investments | -613.00M | 185.00M | 1.14B | 376.00M | -306.00M | |
| Total Asset Writedown | -99.00M | -67.00M | 87.00M | 511.00M | -575.00M | |
| Provision for Credit Losses | -230.00M | -535.00M | -800.00M | 613.00M | -2.06B | |
| Change in Trading Asset Securities | -20.06B | -13.95B | -20.73B | 18.52B | -9.43B | |
| Change in Other Net Operating Assets | 1.29B | -13.39B | 20.82B | 1.30B | -9.27B | |
| Other Operating Activities | 3.73B | 4.22B | 2.95B | -3.80B | -561.00M | |
| Operating Cash Flow | -7.78B | -15.72B | 11.77B | 23.61B | -13.86B | |
| Capital Expenditures | -5.07B | -4.36B | -3.96B | -2.43B | -3.23B | |
| Sale of Property, Plant and Equipment | 1.56B | 1.50B | 1.03B | 1.55B | 1.44B | |
| Cash Acquisitions | 27.00M | -179.00M | -380.00M | -409.00M | -57.00M | |
| Investment in Securities | -5.45B | -3.46B | -5.01B | 3.22B | -697.00M | |
| Income (Loss) Equity Investments | -1.00M | 13.00M | 16.00M | -10.00M | -2.00M | |
| Divestitures | 62.00M | |||||
| Purchase / Sale of Intangibles | -1.25B | -1.26B | -1.49B | -1.42B | ||
| Investing Cash Flow | -10.19B | -7.69B | -9.82B | 510.00M | -2.54B | |
| Long-Term Debt Issued | 1.76B | 812.00M | 1.42B | 838.00M | 499.00M | |
| Long-Term Debt Repaid | -1.93B | -819.00M | -1.75B | -2.22B | -1.06B | |
| Net Debt Issued (Repaid) | -171.00M | -7.00M | -328.00M | -1.38B | -557.00M | |
| Issuance of Common Stock | 1.60B | 944.00M | 1.86B | 776.00M | 25.00M | |
| Repurchase of Common Stock | -3.47B | -3.83B | -2.13B | -3.41B | ||
| Common Dividends Paid | -2.46B | -2.33B | -2.18B | -1.91B | -1.31B | |
| Net Increase (Decrease) in Deposit Accounts | 13.48B | 11.33B | -4.96B | -1.59B | 20.62B | |
| Other Financing Activities | -857.00M | -707.00M | -724.00M | -690.00M | -1.40B | |
| Financing Cash Flow | 8.12B | 5.40B | -8.46B | -8.21B | 17.39B | |
| Foreign Exchange Rate Adjustments | -378.00M | -7.00M | -480.00M | 727.00M | 70.00M | |
| Net Cash Flow | -10.22B | -18.02B | -6.99B | 16.64B | 1.05B | |
| Free Cash Flow | -12.85B | -20.09B | 7.81B | 21.17B | -17.09B | |
| Free Cash Flow Margin | -69.00% | -114.30% | 42.61% | 145.73% | -99.78% | |
| Free Cash Flow Per Share | -0.21 | -0.32 | 0.12 | 0.30 | -0.24 | |
| Cash Interest Paid | 806.00M | 622.00M | 623.00M | 603.00M | 1.30B | |
| Cash Income Tax Paid | 2.10B | 335.00M | 1.44B | 743.00M | 796.00M |
Ratios
Fiscal year January - December; amounts in GBP.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 71.43B | 77.74B | 41.38B | 38.42B | 36.56B | 45.96B |
| Last Close Price | 5.00 | 5.11 | 2.50 | 2.08 | 1.82 | 2.02 |
| PE Ratio | 9.66 | 13.77 | 8.43 | 6.12 | 8.95 | 6.34 |
| PS Ratio | 2.67 | 3.10 | 1.88 | 1.65 | 2.09 | 1.98 |
| PB Ratio | 1.17 | 1.21 | 0.72 | 0.64 | 0.69 | 0.66 |
| P/FCF Ratio | 3.86 | 1.43 | ||||
| P/OCF Ratio | 20.93 | 2.56 | 1.28 | |||
| Debt / Equity Ratio | 3.66 | 3.10 | 3.19 | 3.18 | 3.73 | 2.61 |
| Debt / FCF Ratio | 19.29 | 7.73 | ||||
| Net Debt / Equity Ratio | -3.62 | -0.48 | -0.77 | -0.61 | -0.82 | -0.43 |
| Net Debt / FCF Ratio | 1.79 | 1.76 | -3.70 | -1.71 | 1.30 | |
| Return on Equity (ROE) | 13.69% | 10.15% | 9.60% | 12.09% | 8.25% | 11.70% |
| Return on Assets (ROA) | 0.65% | 0.51% | 0.50% | 0.63% | 0.45% | 0.67% |
| Earnings Yield | 10.35% | 8.07% | 13.38% | 18.10% | 12.61% | 17.04% |
| FCF Yield | -5.52% | -22.25% | -60.76% | 25.89% | 69.78% | -50.35% |
| Dividend Yield | 4.22% | 3.72% | 5.80% | 5.81% | 5.24% | 4.16% |
| Payout Ratio | 40.79% | 52.86% | 52.61% | 39.89% | 49.99% | 22.58% |
| Buyback Yield / Dilution | 2.69% | 3.89% | 3.80% | 5.61% | 2.93% | -0.74% |
| Total Shareholder Return | 6.91% | 7.61% | 9.60% | 11.42% | 8.17% | 3.42% |