Lloyds Banking Group reported on October 29 that third-quarter statutory pretax profit rose to £2.332 billion from £1.174 billion a year earlier, an increase of 99%.
The bank’s quarterly net income rose 9% to £5.072 billion. Underlying net interest income increased 10% to £3.806 billion, while its banking net interest margin reached 3.25%, compared with 3.06% a year earlier.
Lower remediation charges contributed to the profit improvement. Those charges fell to £22 million for the quarter from £875 million a year earlier. The underlying impairment charge increased to £313 million from £176 million, according to the bank’s statement.
For the first nine months, statutory pretax profit was £6.625 billion, up 42%. Customer deposits stood at £502.8 billion at September 30, while underlying loans and advances reached £495.5 billion.
Lloyds said it remained on track for its 2026 guidance, including underlying net interest income above £14.9 billion and return on tangible equity above 16%. Those figures are management targets, rather than completed full-year results.
Sources: Lloyds Banking Group regulatory announcement via EQS — https://www.eqs-news.com/news/corporate/2026-q3-interim-management-statement/2e0b1808-dc58-4f4a-bfa6-f11c125b25c2_en