Lloyds Expects Underlying Net Interest Income Of £14.9 Billion in 2026

Jan 29 (Reuters) - Lloyds Banking Group PLC LLOY.L:

• LLOYDS FY NET INTEREST MARGIN 3.06%

• LLOYDS FY UNDERLYING NET INTEREST INCOME GBP 13,635 MILLION

• LLOYDS FY PRETAX PROFIT GBP 6,661 MILLION

• LLOYDS FY CET1 CAPITAL RATIO 14%

• LLOYDS: FOR 2026 GROUP EXPECTS UNDERLYING NET INTEREST INCOME OF C.£14.9 BILLION

• LLOYDS: FOR 2026 GROUP EXPECTS RETURN ON TANGIBLE EQUITY NOW OF GREATER THAN 16%

• LLOYDS: FOR 2026 GROUP EXPECTS TO PAY DOWN TO A CET1 RATIO OF C.13.0%

• LLOYDS - EXPECTS 2026 COST:INCOME RATIO OF LESS THAN 50% (INCLUDING OPERATING COSTS OF LESS THAN £9.9 BILLION)

• LLOYDS - FY REMEDIATION COSTS OF £968 MILLION

• LLOYDS - BOARD RECOMMENDED A FINAL ORDINARY DIVIDEND OF 2.43 PENCE PER SHARE

• LLOYDS: TOTAL PROVISION RECOGNISED FOR MOTOR FINANCE TO £1,950 MILLION IN 2025

• LLOYDS - FY UNDERLYING IMPAIRMENT CHARGE OF £795 MILLION

• LLOYDS - UNDERLYING LOANS AND ADVANCES TO CUSTOMERS OF £481.1 BILLION INCREASED BY £22.0 BILLION IN THE YEAR

• LLOYDS - EXPECT TO GENERATE £2 BILLION OF ADDITIONAL REVENUES FROM STRATEGIC INITIATIVES BY THE END OF 2026

• LLOYDS - GROUP EXPECTS STERLING STRUCTURAL HEDGE EARNINGS TO BE £7.0 BILLION IN 2026, TO BE £8.0 BILLION IN 2027

• LLOYDS - HAS ALSO ANNOUNCED ITS INTENTION TO IMPLEMENT AN ORDINARY SHARE BUYBACK PROGRAMME OF UP TO £1.75 BILLION