Lloyds Q1 pretax profit jumps 33% to £2 billion; net interest income rises 8% to £3.6 billion

• Lloyds posted statutory profit before tax of GBP 2 billion for the three months to March 31, 2026, up 33.33%, with return on tangible equity at 17%.
• Underlying net interest income rose 8% to GBP 3.6 billion as banking net interest margin widened 14 basis points to 3.17%.
• Revenue from underlying other income climbed 11% to GBP 1.6 billion on higher customer activity and strategic initiatives.
• Underlying impairment charge totaled GBP 295 million, lifting asset quality ratio to 25 basis points, including a GBP 101 million net charge from updated multiple economic scenarios.
• Guidance for 2026 reiterated, including underlying net interest income above GBP 14.9 billion and return on tangible equity above 16%.

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