Lloyds Banking beats top-line estimates; reaffirms FY26 outlook
Lloyds Banking Group reported Q2 GAAP EPS of £0.02, in-line with estimates, while underlying net interest income of £5.41B beat forecasts by £20M. The bank reaffirmed its FY26 guidance, targeting underlying net interest income above £14.9 billion, a cost:income ratio under 50%, and return on tangible equity exceeding 16%. Additionally, it outlined expectations for 2027-2030, including mid-single-digit net income growth and a CET1 ratio of approximately 13.0%.
