Lloyds Banking SEC Filings

Lloyds Banking Group reported strong 2025 full-year results, with statutory profit before tax of £6.7 billion, up 12% year-on-year, and net income of £18.3 billion, up 7%. Return on tangible equity reached 12.9%, or 14.8% excluding a motor finance commission charge.

Underlying net interest income grew 6% to £13.6 billion on a 3.06% banking net interest margin, while underlying other income rose 9% to £6.1 billion. Loans increased 5% to £481.1 billion and customer deposits 3% to £496.5 billion. The pro forma CET1 ratio was 13.2%, or 14.0% before buyback accruals.

The Board plans total 2025 capital returns of up to £3.9 billion, including an ordinary dividend of 3.65p per share (up 15%) and a share buyback of up to £1.75 billion. For 2026, Lloyds targets underlying net interest income of about £14.9 billion, a cost-to-income ratio below 50%, asset quality ratio around 25 basis points, capital generation above 200 basis points and return on tangible equity above 16%, while managing CET1 towards roughly 13.0%.

Lloyds Banking Group plc provides an update on shares reserved for its employee and executive share plans following a change to the UK Listing Rules that removes the block listing regime. The company lists the ordinary shares of 10p each that were previously block listed and remain unallotted under these plans at the time of the announcement.

Unallotted balances include 59,782,991 Shares under the Lloyds Banking Group Sharesave Scheme (2017), 53,464,609 Shares under the Share Incentive Plan, 9,656,123 Shares under the Executive Group Ownership Share Plan, 70,000,000 Shares under the Deferred Bonus Plan (2021), and 108,100,000 Shares under the Long Term Share Plan (2020). The company states that these Shares will be allotted to plan participants in line with plan terms and that such allotments will be announced no later than 60 days after they occur.

Lloyds Banking Group plc filed a Form 6-K providing a six‑monthly block listing update for several employee share schemes for the period from 01 July 2025 to 31 December 2025. The Lloyds Banking Group Sharesave Scheme (2017) shows a balance of 164,546,685 unallotted securities at period end, after a 140,000,000 increase and 14,109,815 shares issued during the period. The Lloyds Banking Group Share Incentive Plan reports 57,145,780 unallotted securities after a 27,000,000 increase and 22,179,749 shares issued. The Executive Group Ownership Share Plan has 9,656,123 unallotted securities, the Deferred Bonus Plan (2021) has 70,000,000, and the Long Term Share Plan 2020 holds 108,100,000 unallotted securities at the end of the period.

Lloyds Banking Group plc reports its current voting share capital for regulatory transparency purposes. As at 31 December 2025, the company has 58,885,743,602 ordinary shares of 10p each in issue with rights to vote that are exercisable in all circumstances at general meetings, including shares represented by American Depositary Receipts. No shares are held in treasury, meaning all issued shares carry voting rights. Shareholders can use this total as the reference figure when calculating whether changes in their holdings trigger disclosure obligations under the Financial Conduct Authority's rules.

Lloyds Banking Group plc reported that two senior executives received shares under the Group's Fixed Share Award for the fourth quarter of 2025. On 18 December 2025, Group Chief Executive Charlie Nunn acquired 189,614 ordinary shares of 10 pence each and Chief Financial Officer William Chalmers acquired 120,941 ordinary shares. The acquisition price was 96.11 pence per share.

The shares are being held on behalf of the executives and will be released over a three-year period, with one-third of each award released annually on 18 December. These transactions form part of the Group's previously disclosed fixed share-based remuneration arrangements.

Lloyds Banking Group plc reported routine share transactions by several senior executives under its Share Incentive Plan. On 9 December 2025, PDMRs acquired ordinary shares of 10 pence each through a mix of purchased Partnership Shares and free Matching Shares. For example, CEO of Insurance, Pensions & Investments Chirantan Barua acquired 31 Partnership Shares at GBP00.957 and received 45 Matching Shares, while Chief Legal Officer and Company Secretary Kate Cheetham acquired 157 Partnership Shares at GBP00.957 and received 47 Matching Shares. Similar acquisitions were reported for Chief People and Places Officer Sharon Doherty, Chief Risk Officer Stephen Shelley, and Chief Sustainability Officer and Chief Corporate Affairs Officer Andrew Walton. All transactions took place outside a trading venue as part of the Group’s ongoing employee share plan.

Lloyds Banking Group plc is removing its 4.582% Subordinated Debt Securities due 2025 from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The NYSE certifies that it has complied with its own rules to strike this class of securities from listing and/or withdraw registration. The filing also states that Lloyds Banking Group has complied with the Exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of this debt security from listing and registration.

Lloyds Banking Group plc disclosed a share transaction by Jayne Opperman, a person discharging managerial responsibilities and CEO of Consumer Lending. On 9 December 2025, she sold 688,578 ordinary shares of 10 pence each at 95.30 pence per share on the London Stock Exchange. After this sale, the company states that she remains on track to meet the Group's shareholding policy requirements, indicating continued alignment with its internal ownership guidelines.

Lloyds Banking Group plc has completed its previously announced share buyback programme. Between 21 February 2025 and 8 December 2025, the bank repurchased 2,204,109,740 ordinary shares for an aggregate consideration of £1.7 billion, with Morgan Stanley & Co. International plc managing the programme. Finishing a buyback of this size reduces the number of shares in circulation, which can increase each remaining share’s claim on future earnings and dividends and signals that the bank was prepared to return a substantial amount of capital to shareholders.