Lloyds Banking Group Plc · LSE:LLOY
Lloyds Banking — Investor Presentation (March 2026)
21 slides from Lloyds Banking's investor presentation, Mar 25, 2026
Slide 1: Investor meet Webinar
Investor meet Webinar Lloyds Banking Group 25 March 2026
Slide 2: Welcome and introduction to LBG
Welcome and introduction to LBG Rohith Chandra-Rajan, Director – Investor Relations Tom Grantham, Senior Manager - Investor Relations
Slide 3: Leading UK digital bank and integrated financial services provider
Leading UK digital bank and integrated financial services provider Lloyds Banking Group Plc 4 core divisions Retail Retail Commercial Insurance Equity Consumer Insurance Pensions & Investments Relationships Investments Corporate & Small and Pensions & Consumer Consumer & Central Business units Mediu
Slide 4: Helping Britain Prosper
Continued strategic delivery; sustained strength in performance Purpose Strategic delivery accelerating, benefitting customers and wider stakeholders Helping Sustained strength in financial performance, meeting 2025 guidance Britain Strong capital generation, enabling 15% dividend growth and £1.75bn
Slide 5: Financial Update
LLOYDS BANKING GROUP Financial Update
Slide 6: Sustained strength in financial performance
Sustained strength in financial performance Financial performance (£m) FY FY YoY Q4 vs Q3 2025 2024 % 2025 2025 % Net interest income 13,635 12,845 6 3,529 2 • Statutory PAT £4.8bn, up 6% YoY Other income 6,120 5,597 9 1,594 2 Operating lease depreciation (1,454) (1,325) (10) (379) (4) Net income 18
Slide 7: Strong lending and deposit growth
Strong lending and deposit growth Q4 lending change (£bn) Q4 deposit change (£bn) Retail Commercial Retail Commercial +£3.6bn/+1% +£0.2bn/+0% +£1.5bn/+0% -£1.5bn/-1% 2.1 • Lending £481.1bn, up 5% in 2025, Q4 up £4.0bn 0.5 1.0 0.3 0.2 0.5 0.7 0.5 • Total deposits £496.5bn up 3% in 2025, Q4 down £0.2b
Slide 8: Sustained growth in net interest income
Sustained growth in net interest income Average interest earning assets (£bn) 2.7 1.8 10.0 • 2025 NII £13.6bn, up 6% YoY, Q4 up 2% (2.8) 462.9 451.2 • 2025 structural hedge earnings of £5.5bn, up £1.3bn YoY o Expect 2026 hedge income of c.£7.0bn, 2027 hedge 2024 Mortgages Unsecured & Europe & Commer
Slide 9: Momentum in other income
Momentum in other income Divisional other income (£m) YoY 6,120 5,597 5,123 1,431 +11% 1,292 1,209 • OOI £6.1bn in 2025, up 9% YoY; Q4 up £37m / 2% 1,825 +1% 1,815 1,691 • Lloyds Wealth to support OOI growth in 2026 2,636 +12% 2,159 2,354 2023 2024 2025 Commercial Banking Equity Investments & Centra
Slide 10: Continued discipline on costs
Continued discipline on costs Operating costs (£m) +3% YoY 315 22 219 358 9,739 9,761 9,442 (595) • 2025 operating costs £9,761m, up 3% YoY 2024 Cost savings 1 Pay & Investment, BAU growth 2025 Lloyds 2025 (incl. • 2025 cost:income ratio 58.6%; 53.3% excl. remediation inflation depreciation and othe
Slide 11: Strong and stable credit performance
Strong and stable credit performance Impairment (£m) FY FY YoY Q4 QoQ 2025 2024 £m 2025 £m Charge (credit) pre updated MES1 721 827 (106) 130 (10) Retail 734 789 (55) 107 (94) Commercial Banking (14) 48 (62) 22 83 Other 1 (10) 11 1 1 • Low 2025 impairment charge £795m, AQR 17bps Updated economic out
Slide 12: Macroeconomic outlook
Macroeconomic outlook Unemployment CPI inflation 6% 5% 4% 5% 3% 4% 2% • Economic results as at FY results, we review economic 3% forecasts every quarter 1% 2% 0% o GDP expected to be 1.2% in 2026 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 23 24 24 25 25 26 26 27 27 23 24 24 25 25 26 26 27
Slide 13: Continued growth in capital distributions
Continued growth in capital distributions Dividend per share (pence) 3.65 YoY 2.40 3.17 2.00 2.76 2.40 2.00 2.43 2.11 1.84 +15% 1.60 • Final dividend 2.43p; total 3.65p, up c.15% YoY 1.33 1.06 1.22 0.67 0.80 0.92 2021 2022 2023 2024 2025 • FY 2025 dividend up >80% vs. FY 2021 Total distributions1 (£
Slide 14: Sustained strength in performance and upgraded guidance
Sustained strength in performance and upgraded guidance 2026 Net interest income NEW: c.£14.9bn Cost:income <50% CIR (NEW: Operating costs <£9.9bn) Asset quality NEW: c.25bps Purpose RoTE NEW: >16% Helping Capital generation >200bps Britain CET1 ratio target Capital distribution Pay down to c.13.0%
Slide 15: Strategy Update
LLOYDS BANKING GROUP Strategy Update
Slide 16: Strategic delivery accelerating
Strategic delivery accelerating Significant transformation since 2021… …with growing momentum over 2025 and 2026 Strategic initiative revenues Grow c.20% >30% c.£2bn Net income OOI growth1 growth1 c.£1.4bn c.£0.8bn c.£0.5bn Focus c.45% £24bn c.£0.2bn Distribution productivity Gross RWA 2022 2023 202
Slide 17: Extending our Gen AI leadership position
Extending our Gen AI leadership position c.50 live Gen AI use cases in 2025, generating c.£50m P&L benefit Accelerating progress in 2026 Illustrative revenue and cost use cases and outcomes across domains Driving day-to-day productivity gains Customer Use case: Gen AI powered in-app search function
Slide 18: Well positioned for 2026 and beyond
Well positioned for 2026 and beyond Reinforcing competitive advantage... ...delivering strong shareholder outcomes Continued momentum beyond 2026 2026 guidance Market leader #1 in key markets, enhancing growth as an integrated <50% Further strengthening and growing the core franchise financial servi
Slide 19: Lloyds Banking Group
LLOYDS BANKING GROUP
Slide 20: Investor Relations contacts
Investor Relations contacts Douglas Radcliffe Sarah Robson Group Investor Relations Director Senior Manager, Investor Relations +44 (0)20 7356 1571 +44 (0)7494 513 983 Douglas.Radcliffe@lloydsbanking.com Sarah.Robson2@lloydsbanking.com Nora Thoden Tom Grantham Director, Investor Relations – ESG Seni
Slide 21: Disclaimer
Disclaimer Important notice The information, statements, views and opinions contained in this document and accompanying discussion (“this Presentation”) are for informational and reference purposes only. This Presentation has been provided by the Group (defined below). This Presentation does not pur
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