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Lloyds launches £1bn buyback and new 2030 plan after beating profit forecasts

Company Fundamentals
30 Jul 2026
Proactive Investors
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Bullish
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Lloyds Banking Group reported a stronger-than-expected second-quarter profit of £2.3 billion and a first-half pre-tax profit of £4.3 billion, up from £3.5 billion the previous year. The bank's net interest income rose 9% to £7.3 billion, with an improved net interest margin of 3.19%. Lloyds announced a £1 billion share buyback and increased its interim dividend by 30% to 1.58p per share. The new Accelerate 2030 strategy aims for a 20% return on tangible equity and a cost-to-income ratio below 45% by 2030, while maintaining full-year guidance including net interest income above £14.9 billion.

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