Lloyds Banking Group plc Q3 2025 Interim Management Statement

TL;DR

Lloyds Banking Group dropped its Q3 2025 interim statement on Oct 23rd. Check it for performance updates.

AI Summary

Lloyds Banking Group plc announced its Q3 2025 Interim Management Statement on October 23, 2025. The report covers the nine months ended September 30, 2025. The company is a foreign private issuer filing under the 1934 Act.

Why It Matters

This filing provides an update on Lloyds Banking Group's financial performance for the third quarter of 2025, offering insights into the bank's operational health and market position.

Risk Assessment

Risk Level: low — This is a routine interim management statement, not a significant event like an acquisition or earnings miss.

Key Players & Entities

• Lloyds Banking Group plc (company) — Filer of the report
• 23 October 2025 (date) — Date of the report filing
• 30 September 2025 (date) — End date of the reporting period
• London (location) — City of principal executive offices

FAQ

Filing Documents

• a4746e.htm (6-K) — 1097KB
• 0001654954-25-012079.txt ( ) — 1098KB

From the Filing

Q3 INTERIM MANAGEMENT STATEMENT a4746e SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549     FORM 6-K     Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16a of the Securities Exchange Act of 1934     23 October 2025 LLOYDS BANKING GROUP plc (Translation of registrant's name into English)   5th Floor 25 Gresham Street London EC2V 7HN United Kingdom     (Address of principal executive offices)       Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.   Form 20-F..X..     Form 40-F      Index to Exhibits     Item    No. 1 Regulatory News Service Announcement, 23 October 2025            re: 2025 Q3 Interim Management Statement         Lloyds Banking Group plc   Q3 2025 Results   23 October 2025       RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2025   “The Group continues to perform well, demonstrating robust financial performance alongside strategic progress, including our recent acquisition of Schroders Personal Wealth.   Strong capital generation was supported by income growth, cost discipline and strong asset quality in the first nine months of 2025, despite the impact of the additional motor finance charge in the third quarter. Our strategic progress combined with this financial performance gives us confidence in our performance for the year and our 2026 guidance.”   Charlie Nunn, Group Chief Executive     Robust financial performance 1   ● Statutory profit after tax of £3.3 billion (nine months to 30 September 2024: £3.8 billion) with net income up 6% and an £800 million charge for motor finance commission arrangements in the third quarter. Return on tangible equity of 11.9%, or 14.6% excluding the third quarter charge for motor finance   ● Underlying net interest income of £10.1 billion, up 6% compared to the first nine months of 2024. This reflected a banking net interest margin of 3.04%, up 10 basis points year-on-year (up 2 basis points quarter-on-quarter to 3.06%), alongside higher average interest-earning banking assets of £460.4 billion   ● Underlying other income of £4.5 billion, 9% higher than the prior year (and 3% higher quarter-on-quarter), driven by strengthening customer activity and the benefit of our strategic initiatives   ● Operating lease depreciation of £1,075 million, up 8% in line with fleet growth   ● Operating costs of £7.2 billion, up 3% versus the prior year, reflecting inflationary pressures, strategic investment and business growth costs, partially offset by cost savings and continued cost discipline   ● Remediation costs of £912 million, including £875 million in the third quarter, of which £800 million was in relation to the potential impact of motor finance commission arrangements. The total motor finance provision of £1.95 billion represents the Group's best estimate of the potential impact of this issue   ● Strong asset quality with an underlying impairment charge of £618 million; asset quality ratio of 18 basis points   ● Underlying loans and advances to customers increased by £18.0 billion (4%) in the first nine months to £477.1 billion, with growth across Retail of £15.2   billion and Commercial Banking of £2.5 billion. Balances increased by £6.1 billion in the third quarter, with growth in Retail and Corporate and Institutional Banking   ● Customer deposits increased in the first nine months of 2025 by £14.0 billion (3%) to £496.7 billion, with £4.0 billion growth in Retail and £10.0 billion in Commercial Banking. Customer deposits grew by £2.8 billion in the third quarter, largely within Commercial Banking   ● Risk-weighted assets of £232.3 billion, up £7.7 billion in the first nine months of 2025, reflecting lending growth offset by ongoing optimisation activity   ● Strong capital generation of 110 basis points, or 141 basis points excluding the third quarter charge for motor finance. CET1 ratio of 13.8% after 74 basis points for the interim ordinary dividend paid and the foreseeable ordinary dividend accrual   ● Tangible net assets per share of 55.0 pence, up by 2.6 pence in the first nine months of 2025, from attributable profit, the unwind of the cash flow hedging reserve and a reduction in the number of shares

View Full Filing

View this 6-K filing on SEC EDGAR