Lloyds Banking Group plc (LYG) reported statutory profit before tax of £6.625 billion for the nine months ended September 30, 2026, up 42% from £4.678 billion in the prior-year period. Statutory profit after tax rose 46% to £4.835 billion. Underlying net interest income increased 10% to £11.084 billion, underlying other income rose 10% to £4.996 billion, and return on tangible equity was 17.9%, compared with 11.9%.
The underlying impairment charge was £930 million, compared with £618 million in the prior-year period; the asset quality ratio was 0.25%, versus 0.18%. The Group described credit performance as strong and stable, with arrears low and stable. At September 30, 2026, customer loans were £495.5 billion, customer deposits were £502.8 billion and the CET1 ratio was 13.3%.
The Group maintained its 2026 guidance, including underlying net interest income greater than £14.9 billion, a C ratio below 50% with operating costs below £9.9 billion, and return on tangible equity greater than 16%. Implementation of the FCA motor finance redress schemes has been delayed; an Upper Tribunal hearing on four challenges is listed for the second half of February 2027. The Group said its current provision remains its best estimate of the potential impact.
Lloyds Banking Group plc (LYG) purchased ordinary shares under its existing buyback programme on October 19 through October 23, 2026. Daily purchases were 13,509,696 shares on October 19, 24,000,000 on October 20, 7,657,605 on October 21, 17,429,921 on October 22 and 12,000,000 on October 23. The respective volume weighted average prices were 102.9792, 101.3115, 102.4970, 101.0546 and 100.1951 pence per share.
The purchases were made from Goldman Sachs International under instructions Lloyds issued for the existing programme, announced July 31, 2026. Lloyds intends to cancel the shares.
Lloyds Banking Group plc (LYG) will appoint Nigel Hinshelwood as an independent non-executive director on November 1, 2026. He will join the Group’s Audit, Board Risk, Nomination and Governance, and Remuneration Committees. Hinshelwood is currently Senior Independent Director of Lloyds Bank plc and Bank of Scotland plc, together called the Ring-Fenced Banks, and has attended Group Board and committee meetings as an observer since January 1, 2019.
Sarah Bentley and Brendan Gilligan will step down as directors of the Ring-Fenced Banks on February 28, 2027, after over eight years of service. A PRA Direction dated May 8, 2026 allows all directors of the Ring-Fenced Banks also to serve on the Group’s board. Hinshelwood previously was a partner at Ernst & Young and held various roles at HSBC, including Deputy CEO of HSBC Bank plc.
Lloyds Banking Group plc appointed Chris Rhodes as an independent non-executive director, effective November 1, 2026. He will also join the Group’s Audit Committee and Board Risk Committee.
Rhodes has more than 30 years of UK banking experience, including senior roles in finance, treasury, operations, product and proposition development, and marketing. His previous positions included Group Finance Director and Interim Chief Executive Officer at Alliance & Leicester, senior roles at Nationwide Building Society, and Chief Executive Officer of Virgin Money until earlier this year. He currently has no other external commitments.
Lloyds Banking Group plc (LYG) purchased ordinary shares through Goldman Sachs International, the broker, under its existing buyback programme, following instructions announced July 31, 2026. It reported purchases of 8,000,000 shares on October 12 at a volume-weighted average price of 103.3738 pence per share; 2,000,000 on October 13 at 104.9940 pence; 8,000,000 on October 14 at 104.2980 pence; 5,000,000 on October 15 at 106.0819 pence; and 15,000,000 on October 16 at 104.3464 pence. The volume-weighted average price reflects the average paid across each day's purchases, weighted by volume. Lloyds said it intends to cancel the shares.
Lloyds Banking Group plc reported monthly Share Incentive Plan activity on October 9, 2026: Partnership Shares were acquired at GBP1.006, and Matching Shares were awarded at GBP00.000. Chirantan Barua, CEO, Wealth & Insurance, reported 30 Partnership Shares and 44 Matching Shares, an aggregate volume of 74 shares. Kate Cheetham, Chief Legal Officer and Company Secretary, reported 149 and 44, an aggregate volume of 193 shares; Sharon Doherty, Chief People and Places Officer, 150 and 44, an aggregate volume of 194 shares; Amanda Murphy, CEO, Business & Commercial Banking, 149 and 44, an aggregate volume of 193 shares; Stephen Shelley, Chief Risk Officer, 149 and 44, an aggregate volume of 193 shares; Jasjyot Singh, CEO, Consumer, 100 and 44, an aggregate volume of 144 shares; and Andrew Walton, Chief Sustainability Officer and Chief Corporate Affairs Officer, 30 and 44, an aggregate volume of 74 shares.
Lloyds Banking Group plc (LYG) purchased ordinary shares from Goldman Sachs International under its existing share buyback programme. Purchases were 29,230,012 shares on October 5, 2026; 14,081,718 on October 6; 32,150,892 on October 7; 15,000,000 on October 8; and 8,000,000 on October 9.
For October 9, the volume weighted average price paid was 101.5125 pence per share. Lloyds intends to cancel the shares.
Lloyds Banking Group plc announced that its independent non-executive director, Chris Vogelzang, was appointed to the Supervisory Board of Adyen N.V. The appointment took effect on October 7, 2026, following shareholder approval at Adyen’s Extraordinary General Meeting. Adyen’s shares are listed on Euronext Amsterdam.
Lloyds Banking Group plc (LYG) purchased ordinary shares under its existing share buyback programme through broker Goldman Sachs International, following instructions announced July 31, 2026. Purchases were 33,894,493 shares on September 28, 2026; 34,501,185 on September 29, 2026; 10,817,177 on September 30, 2026; 30,816,420 on October 1, 2026; and 32,920,131 on October 2, 2026. The company intends to cancel the purchased shares.
Lloyds Banking Group plc issued and admitted 4,522,400 ordinary shares of 10p each from September 1 through September 30, 2026, to satisfy awards under its share plans. The shares were admitted under existing block admissions. The total number of shares admitted to trading following the issuance was 57,595,621,161 as of close of business on September 30, 2026.