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Lloyds Banking Group PLC (GB:LLOY)
LSE:LLOY
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 23.40%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, robust growth in mortgages, deposits, and structural hedge income, alongside a disciplined cost-saving approach. However, the significant provision for motor finance and a decline in commercial lending present notable challenges. Despite these challenges, the company's strategic initiatives and financial metrics indicate a positive outlook.Company Guidance
The guidance provided during the call emphasized a robust financial performance for 2024, with significant shareholder distributions and strategic achievements. Key metrics included a statutory profit after tax of £4.5 billion, net income of £17.1 billion, and an ordinary dividend increase of 15%. The company implemented a share buyback of £1.7 billion, despite a £700 million provision for Motor finance commissions. The return on tangible equity was 12.3%, or 14% excluding the motor provision. The net interest margin was 2.95%, and operating costs rose by 3% to £9.4 billion, aligning with guidance. Asset quality remained solid with an impairment charge of £433 million, reflecting an asset quality ratio of 10 basis points. The company is confident in achieving its 2025 guidance, expecting net interest income of around £13.5 billion, operating costs of approximately £9.7 billion, an asset quality ratio of circa 25 basis points, and capital generation of around 175 basis points. Looking ahead, it reaffirmed its targets for 2026, projecting a return on tangible equity greater than 15% and capital generation exceeding 200 basis points.Strong Financial Performance and Shareholder Returns
Lloyds reported a statutory profit after tax of £4.5 billion, or £5 billion excluding the Q4 motor provision. This includes a return on tangible equity of 12.3%, or 14% ex-motor. The company also announced a 15% increase in the ordinary dividend and a share buyback of £1.7 billion.
Record Mortgage Lending
Lloyds achieved a 20% share of new mortgage lending in 2024, growing the mortgage book by £8 billion excluding legacy book securitizations, supported by strategic initiatives and a recovering market.
Structural Hedge Income Growth
Hedge income in 2024 was £4.2 billion, which was £0.8 billion higher than 2023. The company expects hedge income to increase by £1.2 billion in 2025 and a further £1.5 billion in 2026.
Strong Deposit Growth
Total deposits increased by £11 billion, or 2%, reaching £483 billion. The company saw a £7 billion growth in deposits in Q4, driven by retail savings and current accounts.
Cost Efficiency and Savings
Lloyds delivered £1.2 billion of gross cost savings in 2024, more than offsetting inflationary pressures and supporting investment in strategic initiatives.
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GB:LLOY 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
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GB:LLOY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2025 | 60.78p | 63.74p | +4.87% |
Jul 25, 2024 | 56.68p | 57.61p | +1.64% |
Feb 22, 2024 | 39.70p | 42.15p | +6.17% |
Jul 26, 2023 | 41.38p | 40.69p | -1.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lloyds Banking Group PLC (GB:LLOY) report earnings?
Lloyds Banking Group PLC (GB:LLOY) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Lloyds Banking Group PLC (GB:LLOY) earnings time?
Lloyds Banking Group PLC (GB:LLOY) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Lloyds Banking Group PLC stock?
The P/E ratio of Lloyds Banking is N/A.
What is GB:LLOY EPS forecast?
GB:LLOY EPS forecast for the fiscal quarter 2025 (Q2) is 0.02.
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