Lloyds Banking Group PLC

LLOY: XLON (GBR)

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Lloyds Earnings: Hedge Tailwind Carries Interest Income, but Deposit Competition Slows Margin Story

Niklas Kammer

Nov 2, 2026

Lloyds reported third-quarter underlying profit of GBP 2.4 billion, up 7% sequentially, as net interest income rose 3% and costs fell 1%. Lloyds reiterated guidance for 2026 net interest income above GBP 14.9 billion but said it expects to land only modestly above that level.

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Lloyds Banking Group PLC

Lloyds Earnings: Hedge Tailwind Carries Interest Income, but Deposit Competition Slows Margin Story

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