The earnings call highlighted strong financial performance, robust growth in mortgages, deposits, and structural hedge income, alongside a disciplined cost-saving approach. However, the significant provision for motor finance and a decline in commercial lending present notable challenges. Despite these challenges, the company's strategic initiatives and financial metrics indicate a positive outlook.

Company Guidance

The guidance provided during the call emphasized a robust financial performance for 2024, with significant shareholder distributions and strategic achievements. Key metrics included a statutory profit after tax of £4.5 billion, net income of £17.1 billion, and an ordinary dividend increase of 15%. The company implemented a share buyback of £1.7 billion, despite a £700 million provision for Motor finance commissions. The return on tangible equity was 12.3%, or 14% excluding the motor provision. The net interest margin was 2.95%, and operating costs rose by 3% to £9.4 billion, aligning with guidance. Asset quality remained solid with an impairment charge of £433 million, reflecting an asset quality ratio of 10 basis points. The company is confident in achieving its 2025 guidance, expecting net interest income of around £13.5 billion, operating costs of approximately £9.7 billion, an asset quality ratio of circa 25 basis points, and capital generation of around 175 basis points. Looking ahead, it reaffirmed its targets for 2026, projecting a return on tangible equity greater than 15% and capital generation exceeding 200 basis points.

Strong Financial Performance and Shareholder Returns

Lloyds reported a statutory profit after tax of £4.5 billion, or £5 billion excluding the Q4 motor provision. This includes a return on tangible equity of 12.3%, or 14% ex-motor. The company also announced a 15% increase in the ordinary dividend and a share buyback of £1.7 billion.

Record Mortgage Lending

Lloyds achieved a 20% share of new mortgage lending in 2024, growing the mortgage book by £8 billion excluding legacy book securitizations, supported by strategic initiatives and a recovering market.

Structural Hedge Income Growth

Hedge income in 2024 was £4.2 billion, which was £0.8 billion higher than 2023. The company expects hedge income to increase by £1.2 billion in 2025 and a further £1.5 billion in 2026.

Strong Deposit Growth

Total deposits increased by £11 billion, or 2%, reaching £483 billion. The company saw a £7 billion growth in deposits in Q4, driven by retail savings and current accounts.

Cost Efficiency and Savings

Lloyds delivered £1.2 billion of gross cost savings in 2024, more than offsetting inflationary pressures and supporting investment in strategic initiatives.

---

Lloyds Banking (GB:LLOY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:LLOY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	- / -	0.017	―	―	―
Feb 20, 2025	2024 (Q4)	0.01 / 0.01	0.017	-17.65% (>-0.01)	―	―
Jul 25, 2024	2024 (Q2)	0.01 / 0.02	0.018	-5.56% (>-0.01)	―	―
Feb 22, 2024	2023 (Q4)	0.02 / 0.02	0.023	-26.09% (>-0.01)	―	―
Jul 26, 2023	2023 (Q2)	0.02 / 0.02	0.021	-14.29% (>-0.01)	―	―
Feb 22, 2023	2022 (Q4)	0.02 / 0.02	0.018	27.78% (<+0.01)	―	―
Oct 27, 2022	2022 (Q3)	0.02 / -	0.02	―	―	―
Jul 27, 2022	2022 (Q2)	0.02 / 0.02	0.028	-25.00% (>-0.01)	―	―
Feb 24, 2022	2021 (Q4)	0.01 / 0.02	0.013	38.46% (<+0.01)	―	―
Oct 28, 2021	2021 (Q3)	0.01 / 0.02	0.008	150.00% (+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

GB:LLOY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 20, 2025	62.84p	65.90p	+4.87%
Jul 25, 2024	58.60p	59.56p	+1.64%
Feb 22, 2024	41.05p	43.57p	+6.14%
Jul 26, 2023	42.78p	42.07p	-1.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---

FAQ

When does Lloyds Banking Group PLC (GB:LLOY) report earnings?

Lloyds Banking Group PLC (GB:LLOY) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.

What is Lloyds Banking Group PLC (GB:LLOY) earnings time?

Lloyds Banking Group PLC (GB:LLOY) earnings time is at Jul 24, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Lloyds Banking Group PLC stock?

The P/E ratio of Lloyds Banking is N/A.

What is GB:LLOY EPS forecast?

GB:LLOY EPS forecast for the fiscal quarter 2025 (Q2) is 1.3.

---

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing