Lloyds Banking Group plc announced on Thursday that its net income for its second fiscal quarter of 2025 came in at £4.52 billion, up 3% compared to the same period a year earlier and missing estimates. Underlying profit for the trimester rose by 32% year on year to £2 billion, earnings per share landed at 2.1 pence, and the cost-to-income ratio stood at 52.2%. Return on tangible equity rose 2.9 percentage points from the previous quarter to 15.5%.
For the first six months of 2025, the lender's net income added 6% to £8.9 billion, and earnings per share stood at 3.8 pence, up from 3.4 pence reported a year earlier.
"Our strategic progress and sustained strength in our financial performance allows us to re-affirm our 2025 guidance and gives us confidence in our 2026 commitments. It also underpins our delivery of higher, more sustainable returns for our shareholders," CEO Charlie Nunn stated.
