EarningsQ2 2026 Earnings Report
DE:LLD Q2 2026 EPS Results
Actual EPS€0.03
Consensus EPS€0.03
Beat/MissMet expectations
One Year Ago EPS€0.02
DE:LLD Q2 2026 Revenue Results
Actual Revenue―
Expected Revenue€6.04B
Beat/Miss―
YoY Revenue Growth―
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:LLD Upcoming Earnings
Lloyds Banking's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of H1 2026 financial results (GBP 3.1bn statutory profit, RoTE 17.1%, net income +9% YoY), robust capital generation and a clear, ambitious strategic plan (Accelerate 2030) emphasizing AI, customer connectivity and further cost savings. Management announced a meaningful shareholder return step-up (30% interim dividend increase and GBP 1bn buyback) and reiterated conservative but achievable financial targets (mid-single-digit net income CAGR, high-single-digit OOI CAGR, CIR <45% by 2030, RoTE ~20% by 2030). Notable challenges include ongoing competitive margin pressure, deposit market dynamics, near-term investment-driven OpEx uplift and some volatility in transport lease depreciation and Q2 impairment modeling. Overall, the positives (strong profitability, capital, diversified income growth, clear AI/technology strategy and committed cost-savings) materially outweigh the manageable and well-disclosed headwinds.Company Guidance
Strong H1 Profitability and Returns
Statutory profit after tax of GBP 3.1bn in H1 2026 with return on tangible equity (RoTE) of 17.1%, above the group's 2026 guide of >16% and supporting target RoTE of ~20% by 2030.
Net Income and NII Growth
Net income of GBP 9.7bn, up 9% year-on-year; H1 net interest income (NII) GBP 7.3bn, up 9% YoY; H1 net interest margin (NIM) 319bps with Q2 at 322bps (up 5bps Q/Q). Group guidance: NII > GBP 14.9bn for 2026.
Other Income Momentum and Diversification
Other income GBP 3.3bn in H1, up 11% YoY with Q2 +6% vs Q1. OOI contribution has increased by ~4 percentage points since 2021; company targets high single-digit OOI CAGR through 2030 and mid-single-digit net income CAGR overall.
Capital Generation and Strong CET1
Capital generation of 108 basis points in H1; pro forma CET1 after distributions 13.1% with a stable CET1 target of 13%. Group guidance: >200bps capital generation in 2026 and >225bps by 2030.
Enhanced Shareholder Returns
Interim ordinary dividend increased by 30% to 1.58p per share and first interim share buyback announced of GBP 1bn; combined H1 capital distributions exceed GBP 1.9bn. Ordinary dividend more than doubled vs 2021.
Cost Discipline and Efficiency Progress
H1 operating costs flat at GBP 4.9bn YoY; Q2 cost-income ratio 49% (H1 50.4%). Realized >GBP 2bn gross cost savings since 2021 and targeting circa GBP 2bn additional gross cost saves from 2027–2030.
Stable Credit Performance
H1 impairment charge GBP 617m (asset quality ratio 25bps), Q2 impairment GBP 322m with Q2 AQR 28bps. Group guidance: AQR ~25bps for 2026 and 25–30bps through the plan.
Strategic Ambition and AI Leadership
Launched 'Accelerate 2030' with over GBP 13bn+ cash investment planned across the period, agentic/generative AI value already >GBP 100m in 2026 (narrow definition), product initiatives (rewards portal with >8m users, Lloyds Smart Wallet waitlist, digital assets pilots) and targets of mid-single-digit net income CAGR and CIR <45% by 2030.
DE:LLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed