Lloyds Banking Group plc reported on Thursday that its net income in the three months to March 31 of 2025 was at £3.3 billion, up by 3% compared with the same quarter a year before.
With underlying profit coming in at £1.5 billion, statutory profit after tax was 7% lower than the same quarter a year earlier, at £1.1 billion. Furthermore, earnings per share remained unchanged at 1.7 pence, and the CET1 ratio reached 13.5%.
"In the first quarter of 2025, the Group delivered sustained strength in financial performance. In particular, net income continues to grow, following the upward trajectory established in the second half of last year. We maintained our cost discipline and asset quality remains resilient," said Charlie Nunn, Group Chief Executive.
