Financial Performance and Key Metrics - The company reported a net income of GBP 18 billion, representing a 14% increase compared to 2021, supported by a higher net interest margin of 294 basis points and a 4% growth in other income [24][25] - Operating costs were GBP 8.8 billion, in line with guidance, reflecting a 6% increase year-over-year due to planned investments and costs associated with new businesses [39] - The return on tangible equity (RoTE) was 13.5%, with a capital generation of 245 basis points, enabling an increased ordinary dividend of 2.4p per share and a share buyback program of up to GBP 2 billion [10][25][46] Business Line Performance - The mortgage portfolio grew by GBP 3.7 billion in 2022, with GBP 1.2 billion of open book growth in Q4, while credit card balances increased by GBP 0.5 billion [26] - Commercial banking balances rose by GBP 1.2 billion, driven by growth in Corporate & Institutional and FX, despite some repayments of government support scheme loans [26] - Retail deposits increased by GBP 2.4 billion, although there was a decline of GBP 1.7 billion in Q4 due to seasonal effects and customer behavior [27] Market Data and Key Metrics - The company achieved a net interest income of GBP 13.2 billion, an 18% increase from the previous year, with average interest-earning assets at GBP 452 billion [28] - The net interest margin for Q4 was 322 basis points, up 24 basis points from the previous quarter, driven by base rate movements [28][30] - The company expects the net interest margin to be greater than 305 basis points in 2023, despite headwinds from mortgage refinancing and deposit repricing [30][47] Company Strategy and Industry Competition - The company’s strategy focuses on three pillars: driving revenue growth and diversification, strengthening cost and capital efficiency, and building a powerful enabling platform [11][13] - The strategic transformation aims for a five-year plan with clear deliverables, expecting to generate GBP 0.7 billion of additional revenues per annum by 2024 and GBP 1.5 billion by 2026 [14][19] - The company is committed to responsible investment and sustainability, having provided over GBP 13 billion in green and sustainable lending in 2022 [9][10] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the strategic direction despite a challenging macroeconomic environment, highlighting the resilience of the customer base [3][12] - The outlook includes expectations of a mild recession in the UK, with base rates peaking at 4% and starting to decline in early 2024 [41] - The company anticipates a return on tangible equity of around 13% in 2023, increasing to greater than 15% by 2026, reflecting confidence in future performance [47] Other Important Information - The company has made significant investments in digital capabilities, with over 20 million digitally active customers, two years ahead of schedule [17] - The company is focused on enhancing its capital efficiency, with a closing CET1 ratio of 14.1%, above the target of 13.5% [46] - The impact of IFRS 17 is expected to lower reported other income in the near term but will have a neutral long-term effect on financial results [38][45] Q&A Session Summary Question: Net interest margin trajectory for 2023 - Management indicated that while the margin is expected to stabilize above 300 basis points, headwinds from mortgage refinancing and deposit migration will impact the margin throughout the year [52][55] Question: Deposit costs and migration assumptions - Management acknowledged the rapid rate changes and indicated that deposit migration is being monitored closely, with expectations of some movement from current accounts to savings accounts as customers seek higher returns [65][66]

Lloyds Banking Group plc (NYSE:LYG) Q2 2022 Earnings Conference Call July 27, 2022 4:30 AM ET Company Participants Charlie Nunn - Group Chief Executive William Chalmers - CFO Douglas Radcliffe - Head of IR Conference Call Participants Joseph Dickerson - Jefferies & Company Omar Keenan - Credit Suisse Jonathan Pierce - Numis Securities Rohith Chandra-Rajan - Bank of America Merrill Lynch Raul Sinha - JPMorgan Christopher Cant - Autonomous Research LLP Guy Stebbings - BNP Paribas Exane Martin Leitgeb - Goldma ...

Classification: Public LLOYDS BANKING GROUP 2022 Half Year Results Presentation Lloyds Banking Group 27 July 2022 Classification: Public 2 Introduction and business update Classification: Public Purpose • Resilient customer franchise • Strong financial performance with continued business momentum Helping Britain Prosper • Enhanced guidance for 2022 • Strength of performance enabling increased interim dividend • Strategic delivery and business model position the Group well Strong performance with confidence ...

Classification: Public LLOYDS BANKING GROUP 2021 Results Presentation Lloyds Banking Group Classification: Public | --- | --- | --- | --- | --- | --- | |-----------|----------------------------------------|-------------------------------------------------------------------------------|-------|-------|-------| | Agenda | | | | | | | Section 1 | Introduction | Charlie Nunn, Group Chief Executive | | | | | Section 2 | 2021 strategic and financial progress | William Chalmers, Chief Financial Officer | | | | | S ...

Form 20-F 2021 Lloyds Banking Group plc 2021 Annual Report on Form 20-F As filed with the Securities and Exchange Commission on 28 February 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d ...

Lloyds Banking Group plc (NYSE:LYG) Q4 2021 Earnings Conference Call February 24, 2022 4:30 AM ET Company Participants Charlie Nunn - Group Chief Executive William Chalmers - CFO Douglas Radcliffe - Head of IR Conference Call Participants Alvaro Serrano - Morgan Stanley Omar Keenan - Credit Suisse Guy Stebbings - BNP Paribas Exane Amandeep Rakkar - Barclays Rohith Chandra-Rajan - Bank of America Merrill Lynch Christopher Cant - Autonomous Research LLP Raul Sinha - JPMorgan Edward Firth - Keefe, Bruyette ...

Lloyds Banking Group plc (NYSE:LYG) Q1 2021 Earnings Conference Call April 28, 2021 4:30 AM ET Company Participants Antonio Horta-Osorio - Executive Director and Group Chief Executive Officer William Chalmers - Executive Director and Chief Financial Officer | --- | |--------------------------------------| | | | Conference Call Participants | | Joseph Dickerson - Jefferies | | Omar Keenan - Credit Suisse | | Rahul Sinha - JPMorgan | | Jonathan Pierce - Numis | | Robin Down - HSBC | | Alvaro Ruiz de Alda - Mo ...

Q1 INTERIM MANAGEMENT STATEMENT Presentation to analysts and investors | 28 April 2021 Classification: Public | --- | |--------------------------------------------| | | | | | Introduction | | | | | | António Horta-Osório Group Chief Executive | 1 Classification: Public Solid business momentum in Q1 with improved economic outlook • Continued support for customers and businesses across our Helping Britain Recover focus areas • Solid financial performance in Q1 as business continues to recover • Balance sheet ...

Form 20-F 2020 Confidential and contains price sensitive information Lloyds Banking Group plc 2020 Annual Report on Form 20-F As filed with the Securities and Exchange Commission on 26 February 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2020 ...

Lloyds Banking Group plc (NYSE:LYG) Full Year 2020 Earnings Conference Call February 24, 2021 4:30 AM ET Company Participants Robin Budenberg – Chairman António Horta-Osório – Executive Director and Group Chief Executive Officer William Chalmers – Executive Director and Chief Financial Officer Conference Call Participants Raul Sinha – JPMorgan Guy Stebbings – Exane BNP Paribas Alvaro Serrano – Morgan Stanley Edward Firth – KBW Andrew Coombs – Citi Chris Cant – Autonomous Aman Rakkar – Barclays Jonathan Pier ...