LYG on NYSE

Lloyds Banking Group

Logo: Lloyds Banking Group PLC, CC BY 4.0, via Wikimedia Commons4

British financial institution

Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

19.4BRevenue, fiscal 20255
4.8BNet income, fiscal 20255
Jan 2009Founded1

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  • TickerLYG on NYSE1
  • Industryfinancial services1
  • HeadquartersLondon1
  • Websitelloydsbankinggroup.com
  • Legal formpublic limited company1
  • Listed onLondon Stock Exchange (LLOY), New York Stock Exchange (LYG)1
  • Incorporated inUnited Kingdom6
  • Business address25 Gresham Street, London, X0 Ec2V 7Hn6
  • Filer categoryLarge accelerated filer6

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25 Gresham Street (Lloyds TSB headquarters)
Photo: Carcharoth, CC BY-SA 4.0, via Wikimedia Commons7

Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765; the oldest part of the group, the Bank of Scotland, was founded by the Parliament of Scotland in 1695.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in GBP, the currency the company reports in.

Key numbers, fiscal 2025

24.5%Net margin5
7.9%Revenue growth, 20255
9.9%Return on equity5
630.0M GBPFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs76¢14.7B GBP
  • Profit24¢4.8B GBP

Out of 19.4B GBP in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending89¢5.1B GBP
  • Kept or used elsewhere11¢630.0M GBP

Out of 5.7B GBP of cash from operations.5

Financial statements

Revenue89101112519.4B GBP in 2025−12% since 2018
-20.0B GBP020.0B GBP40.0B GBP60.0B GBP2018: 22.1B GBP22.1B GBP20182019: 42.4B GBP42.4B GBP2019+92%2020: 29.2B GBP29.2B GBP2020−31%2021: 39.0B GBP39.0B GBP2021+34%2022: -5.3B GBP-5.3B GBP20222023: 18.6B GBP18.6B GBP20232024: 18.0B GBP18.0B GBP2024−3%2025: 19.4B GBP19.4B GBP2025+8%
Net income8910111254.8B GBP in 2025+6% since 2018
02.0B GBP4.0B GBP6.0B GBP2018: 4.5B GBP4.5B GBP20182019: 3.0B GBP3.0B GBP2019−33%2020: 1.4B GBP1.4B GBP2020−54%2021: 5.9B GBP5.9B GBP2021+324%2022: 3.9B GBP3.9B GBP2022−33%2023: 5.5B GBP5.5B GBP2023+41%2024: 4.5B GBP4.5B GBP2024−19%2025: 4.8B GBP4.8B GBP2025+6%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Interest income30.7B GBP31.3B GBP28.1B GBP
Interest expense-17.5B GBP-19.0B GBP-14.8B GBP
Net interest income13.2B GBP12.3B GBP13.3B GBP
Fee and commission income3.1B GBP2.9B GBP2.9B GBP
Fee and commission expense-1.3B GBP-1.2B GBP-1.1B GBP
Net fee and commission income1.8B GBP1.8B GBP1.8B GBP
Net trading income1.5B GBP1.8B GBP1.3B GBP
Insurance revenue3.4B GBP3.3B GBP3.0B GBP
Insurance service expense-2.5B GBP-2.7B GBP-2.4B GBP
Net expense from reinsurance contracts held-139.0M GBP-72.0M GBP2.0M GBP
Insurance service result756.0M GBP486.0M GBP596.0M GBP
Net investment return on assets held to back insurance and investment contracts23.8B GBP16.0B GBP16.7B GBP
Net finance expense in respect of insurance and investment contracts-24.0B GBP-16.3B GBP-16.8B GBP
Net investment return and finance result in respect of insurance and investment contracts-200.0M GBP-265.0M GBP-34.0M GBP
Other operating income2.4B GBP1.9B GBP1.6B GBP
Other income6.2B GBP5.7B GBP5.3B GBP
Total income19.4B GBP18.0B GBP18.6B GBP
Operating expenses-12.0B GBP-11.6B GBP-10.8B GBP
Impairment-795.0M GBP-431.0M GBP-303.0M GBP
Profit before tax6.7B GBP6.0B GBP7.5B GBP
Tax expense-1.9B GBP-1.5B GBP-2.0B GBP
Profit for the year4.8B GBP4.5B GBP5.5B GBP
Profit attributable to ordinary shareholders4.2B GBP3.9B GBP4.9B GBP
Profit attributable to other equity holders463,000,000.00 GBP498,000,000.00 GBP527,000,000.00 GBP
Profit attributable to equity holders4.7B GBP4.4B GBP5.5B GBP
Profit attributable to non-controlling interests98.0M GBP56.0M GBP58.0M GBP
Basic earnings per share (in GBP per share)0.07 GBP0.06 GBP0.08 GBP
Diluted earnings per share (in GBP per share)0.07 GBP0.06 GBP0.07 GBP

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How it started

Origins

Lloyds Bank is one of the oldest banks in the UK, tracing its establishment to Taylors and Lloyds founded in 1765 in Birmingham by button maker John Taylor and iron producer and dealer Sampson Lloyd II. Through a series of mergers, Lloyds became one of the Big Four banks in the UK.

Bank of Scotland, which originated in the 17th century, is the second-oldest surviving UK bank after the Bank of England. In 2001, a wave of consolidations in the UK banking market led the former Halifax Building Society—which originated in 1853—to agree to a £10.8 billion merger with Bank of Scotland.

Trustee Savings Bank (TSB) can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell, Dumfriesshire, in 1810. TSB itself was created in 1985 by an Act of Parliament that merged all the remaining savings banks in England & Wales as TSB Bank plc and in Scotland (except Airdrie Savings Bank) as TSB Scotland plc.

Lloyds/TSB merger

In 1995, Lloyds Bank plc merged with TSB Group plc, forming Lloyds TSB Group plc.

From Wikipedia’s article on Lloyds Banking Group, shared under CC BY-SA 4.0.3

Leadership

Who has led Lloyds Banking Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Eric Daniels2003–2011
  2. Charlie Nunn2021–now

Chair

  1. Sir Victor Blank2006–2009
  2. Winfried Bischoff2009–2014
  3. Lord Blackwell2014–2021
  4. Robin Budenberg2021–now
20052010201520202025

Subsidiaries and ownership

Subsidiaries

  • Agricultural Mortgage Corporation
  • Bank of Scotland
  • Bank of Wales
  • HBOS plc
  • Halifax
  • Lloyds Bank
  • Scottish Widows

From Wikidata.1

Acquisitions

  1. Jan 19, 2009Acquired Bank of Scotland1

Former names

  • LLOYDS TSB GROUP PLCFeb 25, 2002 to Jan 20, 20096

Timeline

  1. 2021New chief executive Charlie Nunn becomes CEO1
  2. Jan 2009Founded Founded1
  3. Jun 2003New chief executive Eric Daniels becomes CEO1
  4. Nov 27, 2001Went public Listed on NYSE1

Recent filings

  1. Oct 9, 20266-K TRANSACTION IN OWN SHARES
  2. Oct 8, 20266-K DIRECTOR DECLARATION
  3. Oct 2, 20266-K TRANSACTION IN OWN SHARES
  4. Oct 1, 20266-K ADMISSION TO TRADING
  5. Sep 30, 20266-K TOTAL VOTING RIGHTS
  6. Sep 28, 20266-K TRANSACTION IN OWN SHARES
  7. Sep 25, 20266-K COMPLETION OF GBP 1.75BN SHARE BUYBACK PROGRAMME
  8. Sep 24, 20266-K DIRECTOR/PDMR SHAREHOLDING
  9. Sep 23, 20266-K DIRECTOR/PDMR SHAREHOLDING
  10. Sep 18, 20266-K TRANSACTION IN OWN SHARES
  11. Sep 17, 20266-K DIRECTOR/PDMR SHAREHOLDING
  12. Sep 15, 202625-NSE
  13. Sep 11, 20266-K DIRECTOR/PDMR SHAREHOLDING
  14. Sep 11, 20266-K TRANSACTION IN OWN SHARES
  15. Sep 10, 20266-K DIRECTOR/PDMR SHAREHOLDING

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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