Lloyds Banking Group Plc · LSE:LLOY
Lloyds Banking — ShareSoc webinar September 2026
27 slides from Lloyds Banking's conference presentation, Sep 8, 2026
Slide 1: ShareSoc webinar: Lloyds Banking Group
ShareSoc webinar Lloyds Banking Group 8 September 2026
Slide 2: Welcome and introduction to LBG
Welcome and introduction to LBG Douglas Radcliffe, Group Investor Relations Director Tom Grantham, Investor Relations Senior Manager
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 Consumer Pensions & Wealth & Equity Relationships Small and Investments Corporate & Insurance Investments Consumer Business units Consumer Lending Medium In
Slide 4: The UK financial services leader - customer focused, digitally led
The UK financial services leader - customer focused, digitally led Market leader Digital and AI leader Cost and capital leader Mobile app users, UK’s largest Since 2021 c.28m Retail customers c.22m digital bank >£2bn Gross cost savings c.7bn Annual digital logons c.1m Commercial relationships Cumula
Slide 5: Delivery on our Purpose, driving profitable growth
Delivery on our Purpose, driving profitable growth A consistent Purpose, with strong financial performance Impact since 2022 Illustrative examples >£10bn Financing support to the social housing sector Strategic delivery accelerating, benefitting customers and wider stakeholders >£35bn Helping Sustai
Slide 6: HY results update
HY results update
Slide 7: Sustained strength in financial performance
Sustained strength in financial performance H1 H1 YoY Q2 Q1 QoQ Financial performance1 (£m) 2026 2025 % 2026 2026 % Net interest income 7,278 6,655 9 3,709 3,569 4 Other income 3,310 2,969 11 1,705 1,605 6 Operating lease depreciation (841) (710) (18) (452) (389) (16) Net income 9,747 8,914 9 4,962
Slide 8: Robust balance sheet growth
Robust balance sheet growth Q2 lending change (£bn) Q2 deposit change (£bn) Retail Commercial Retail Commercial +£1.5bn/0% +£3.1bn/3% £(0.3)bn/(0)% +£5.2bn/+3% (+£3.3bn / 1% excl. securitisation) • Lending £491.5bn, up £5.3bn / 1% in Q2, 2% YTD 1.8 5.2 • Q2 mortgages up £0.2bn, £2.0bn excl. securiti
Slide 9: Continued income growth
Continued income growth Net interest income and banking net interest margin (£bn, bps) £3.57bn £3.71bn 9 • H1 NII £7.3bn, up 9% YoY, Q2 up 4% QoQ 2 (3) (3) 3.22% 3.17% • H1 NIM 319bps; Q2 NIM 322bps up 5bp QoQ Q1 2026 Deposits Structural hedge Mortgages Funding, capital & Q2 2026 other Divisional ot
Slide 10: Continued discipline on costs
Continued discipline on costs Operating costs (£m) Flat YoY 266 173 (270) (167) 4,876 4,874 • H1 operating costs £4.9bn, flat YoY; £2.4bn in Q2 1 H1 2025 Cost savings Pay & inflation Investment, BAU growth, Lloyds H1 2026 depreciation & strategic opex Wealth and other • H1 cost:income 50.4%; 49.0% i
Slide 11: Continued strong and stable credit performance
Continued strong and stable credit performance Impairment (£m) H1 H1 YoY Q2 Q1 QoQ 2026 2025 £m 2026 2026 £m Charge (credit) pre updated MES1 537 451 86 343 194 149 Retail 488 426 62 264 224 40 Commercial Banking 48 25 23 78 (30) 108 Other 1 - 1 1 - 1 • H1 impairment charge £617m; AQR 25bps Updated
Slide 12: Significant growth in capital distributions
Significant growth in capital distributions Dividend per share (pence) YoY 3.65 2,40 3.17 2.76 2.40 2.43 2.11 1.84 1.60 • Interim dividend of 1.58p, 30% higher YoY 1.58 30% 0.92 1.06 1.22 0.80 2022 2023 2024 2025 H1 2026 • First interim buyback of up to £1bn, supporting £1.9bn of capital Total distr
Slide 13: 2026 guidance
Sustained strength in financial performance 2026 guidance Net interest income >£14.9bn Cost:income <50% CIR (Operating costs <£9.9bn) Asset quality ratio c.25bps Purpose RoTE >16% Helping Capital generation >200bps Britain CET1 ratio target Capital distribution Pay down to c.13.0% Progressive and su
Slide 14: Strategy overview
Strategy overview
Slide 15: Strategy
Strategy Accelerate through reimagined customer experiences, increased Group connectivity, and a Purpose productivity step-change, enabled by pioneering technology Helping Britain Strategic pillars Prosper Grow the core Innovate to deepen & diversify Simplify to outperform Customer Promise Making fi
Slide 16: Three pillars represent distinct opportunities
Three pillars represent distinct opportunities Grow the core Innovate to deepen & diversify Simplify to outperform Focus areas Scale our market leading businesses Increase cross-Group connectivity Build future-ready skills and infrastructure Accelerate in faster growing areas within our core Extend
Slide 17: Driving sustainable value creation
Driving sustainable value creation Building on our competitive advantage… Continued income growth Mid-single-digit net income CAGR Market Digital and Cost and High-single-digit OOI CAGR leader AI leader capital leader Improving operating leverage <45% CIR in 2030, with YoY reductions …to deliver an
Slide 18: Cross-Group priorities: An outstanding connected opportunity
Cross-Group priorities: An outstanding connected opportunity Bancassurance penetration Seamless customer journeys and customer value added End-to-end wealth proposition Customer flow through self-directed, advised propositions and Workplace Whole-Group Innovation Banking proposition BCB relationship
Slide 19: AI: A scale financial services leader, with significant opportunity
AI: A scale financial services leader, with significant opportunity Established leadership Scale leadership characteristics: Trust, Recognised industry leader, incl. Copilot to be rolled out to all Breadth, Data, ranked #15 in Evident AI index (fastest colleagues (from c.40k today) Strategic partner
Slide 20: Financial outlook reinforces our track record
Financial outlook reinforces our track record Growing revenues and improved operating leverage driving stronger, sustainable returns 2022-2024 2025-2026 2027-2030 Returning to growth Building momentum Accelerate 2030 Group net income (£bn) c.£20bn c.£15bn 2021 2022 2023 2024 2025 2026 2027 2028 2029
Slide 21: Financial outlook
Financial outlook
Slide 22: Robust financial framework: Long-term, sustainable value
Robust financial framework: Long-term, sustainable value Continued income growth Financial foundations Investment discipline Investment Efficiency focus Improving operating leverage capacity Risk management Stronger returns & capital generation Growing, sustainable shareholder distributions Lloyds B
Slide 23: Growing capital generation, growing shareholder distributions
Growing capital generation, growing shareholder distributions Growing absolute capital generation on increasing RWAs Targeted deployment to sustain growing distributions Considered half-yearly Capital generation (£bn) Pay down to c.13.0% >200bps c.225bps >225bps Excess Value, speed, risk capital Enh
Slide 24: Guidance overview
Guidance overview 2026 2027-2030 Annual guidance to be provided each year-end Mid-single-digit net income CAGR Income NII >£14.9bn High-single-digit OOI CAGR Cost:income <50% CIR (Operating costs <£9.9bn) <45% CIR in 2030, with YoY reductions Asset quality c.25bps 25-30bps through the plan period c.
Slide 25: Lloyds Banking Group
e LLOYDS BANKING GROUP
Slide 26: Investor Relations contacts
Investor Relations contacts Douglas Radcliffe Rohith Chandra-Rajan Group Investor Relations Director Director, Investor Relations Douglas.Radcliffe@lloydsbanking.com Rohith.Chandra-Rajan@lloydsbanking.com Nora Thoden Tom Grantham Director, Investor Relations – ESG Senior Manager, Investor Relations
Slide 27: 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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