Lloyds Banking reports Q4 net income GBP 4.38B vs. GBP 4.23B last year

Reports Q4 EPS 1.0p vs. 1.7p last year. For the full year, Lloyds reported statutory profit after tax of GBP 4.5B vs. GBP 5.5 billion last year with net income down 5% on the prior year, operating costs up 3% and higher remediation and impairment charges. Return on tangible equity of 12.3%, 14% before the provision charge for motor finance commission arrangements. Underlying net interest income for the year was GBP 12.8B, down 7%.