Lloyds Banking Group plc (LYG) 10-Year Financial Performance & Capital Metrics

LYG • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutLloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, debt financing, and debt capital market services to small and medium-sized entities, corporates, and financial institutions. The Insurance and Wealth segment offers insurance, investment and wealth management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.Show more

Net Interest Income $12.28B -7.7%
Total Revenue $37.61B +10.8%
Net Income $4.42B -19.0%
Return on Equity 9.48% -20.7%
Net Interest Margin 1.35% -10.2%
Efficiency Ratio 33.58% -2.5%
ROA 0.49% -20.5%
Equity / Assets 5.06% -5.8%
Book Value per Share 2.91 +1.0%
Tangible BV/Share 2.39 +0.6%
Debt/Equity 1.76 -10.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 33.6% efficiency ratio
✓Healthy dividend yield of 2.7%
✓Share count reduced 4.1% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗Weak NIM of 1.4%
✗Thin capital base

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.23%

5Y8.7%

3Y26.21%

TTM-

Profit (Net Income) CAGR

10Y12.09%

5Y8.61%

3Y-8.57%

TTM-7.99%

EPS CAGR

10Y14.6%

5Y12.3%

3Y-5.9%

TTM-9.17%

ROCE

10Y Avg1.19%

5Y Avg1.21%

3Y Avg1.34%

Latest0.92%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.32B	30.11	54.75	0.1%	4.5%	4.02%	7.02%	0.70
EBCEastern Bankshares, Inc.	4.28B	19.04	28.85	91.64%	11.17%	1.3%	6.31%	0.01
LYGLloyds Banking Group plc	80.35B	5.47	21.88	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	25.74B	59.93	19.78	1.31%	12.22%	6.6%	7.3%	0.51
PFSProvident Financial Services, Inc.	2.59B	19.85	18.90	63.91%	10.13%	7.51%	16.39%	0.93
CBUCommunity Bank System, Inc.	3.23B	61.29	17.82	24.44%	19.4%	10.34%	6.86%	0.57
VLYValley National Bancorp	6.54B	11.73	17	6.51%	10.65%	6.53%	8.39%	0.50
INDBIndependent Bank Corp.	3.71B	74.81	16.55	6.89%	19.72%	7.76%	5.65%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	11.32B	9.27B	10.91B	13.4B	10.18B	10.75B	10.87B	12.92B	13.3B	12.28B
NII Growth %	0.06%	-0.18%	0.18%	0.23%	-0.24%	0.06%	0.01%	0.19%	0.03%	-0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	17.61B	16.62B	16.01B	16.35B	16.86B	14.31B	13.26B	17.64B	28.05B	31.29B
Interest Expense	6.3B	7.35B	5.09B	2.95B	6.68B	3.56B	2.39B	4.72B	14.75B	19.01B
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	6.04B	7.76B	7.71B	5.24B	7.93B	4.38B	5.45B	3.13B	5.9B	6.33B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	23.65B	24.38B	23.71B	21.58B	24.79B	18.69B	18.71B	20.77B	33.95B	37.61B
Revenue Growth %	-0.05%	0.03%	-0.03%	-0.09%	0.15%	-0.25%	0%	0.11%	0.63%	0.11%
Non-Interest Expense	15.71B	13.15B	13B	12.67B	13.72B	13.91B	9.42B	11.27B	11.7B	12.63B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.64B	3.89B	5.63B	5.96B	4.39B	1.23B	6.9B	4.78B	7.5B	5.97B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.07%	1.36%	0.45%	0.06%	-0.26%	-0.72%	4.63%	-0.31%	0.57%	-0.2%
Pretax Income+	1.64B	3.89B	5.63B	5.96B	4.39B	1.23B	6.9B	4.78B	7.5B	5.97B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	688M	1.72B	1.63B	1.45B	1.39B	-161M	1.02B	859M	1.99B	1.49B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	860M	2.06B	3.91B	4.41B	2.92B	1.32B	5.78B	3.83B	5.46B	4.42B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.39%	1.4%	0.89%	0.13%	-0.34%	-0.55%	3.39%	-0.34%	0.43%	-0.19%
Net Income (Continuing)	956M	2.16B	4B	4.51B	3.01B	1.39B	5.88B	3.92B	5.52B	4.48B
EPS (Diluted)+	0.03	0.12	0.17	0.22	0.14	0.05	0.30	0.20	0.30	0.25
EPS Growth %	-0.5%	2.75%	0.42%	0.29%	-0.36%	-0.66%	5.25%	-0.33%	0.5%	-0.17%
EPS (Basic)	0.03	0.12	0.18	0.22	0.14	0.05	0.30	0.20	0.30	0.25
Diluted Shares Outstanding	18.09B	18.01B	18.1B	18.07B	17.82B	17.81B	17.95B	17.42B	16.44B	15.77B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	59.11B	48.16B	59.28B	55.31B	55.44B	73.56B	76.57B	92.05B	78.11B	62.68B
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	542.88B	545.59B	519.61B	555.7B	493.26B	498.81B	500.67B	488.24B	492.1B	504.96B
Investments Growth %	-0.06%	0%	-0.05%	0.07%	-0.11%	0.01%	0%	-0.02%	0.01%	0.03%
Long-Term Investments	542.88B	545.59B	519.61B	555.7B	493.26B	498.81B	500.67B	488.24B	492.1B	504.96B
Accounts Receivables	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.02B	2.02B	2.31B	2.31B	2.32B	2.32B	2.32B	2.65B	2.8B	2.75B
Intangible Assets	1.84B	1.68B	2.83B	3.35B	3.81B	4.14B	4.2B	4.96B	5.51B	5.44B
PP&E (Net)	8.62B	9.21B	9.03B	8.53B	9.55B	8.41B	7.96B	8.13B	9.67B	10.12B
Other Assets	182.49B	203.17B	211.9B	165.45B	263.1B	280.06B	290.67B	269.72B	286.63B	315.75B
Total Current Assets	64.84B	53.43B	64.14B	59.8B	59.18B	74.79B	77.59B	93.27B	79.56B	64.34B
Total Non-Current Assets	741.85B	764.37B	747.97B	737.8B	774.71B	796.48B	808.94B	780.12B	801.89B	844.01B
Total Assets+	806.69B	817.79B	812.11B	797.6B	833.89B	871.27B	886.52B	873.39B	881.45B	906.7B
Asset Growth %	-0.06%	0.01%	-0.01%	-0.02%	0.05%	0.04%	0.02%	-0.01%	0.01%	0.03%
Return on Assets (ROA)	0%	0%	0%	0.01%	0%	0%	0.01%	0%	0.01%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	101.75B	92.55B	87.18B	105.97B	113.61B	108.76B	91.84B	91.83B	93.67B	80.92B
Net Debt	42.64B	44.39B	27.91B	50.66B	58.17B	35.2B	15.28B	-211M	15.56B	18.24B
Long-Term Debt	101.75B	92.55B	87.18B	105.97B	113.61B	108.76B	91.84B	91.83B	93.67B	80.92B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	224.21B	244.03B	226.17B	191.19B	220.07B	248.93B	255.92B	253.51B	261.3B	779.89B
Total Current Liabilities	433.74B	432.39B	449.61B	450.24B	452.41B	464.17B	485.61B	484.14B	479.12B	8.73B
Total Non-Current Liabilities	325.96B	336.58B	313.35B	297.16B	333.68B	357.69B	347.76B	345.35B	354.96B	860.81B
Total Liabilities	759.71B	768.98B	762.97B	747.4B	786.09B	821.86B	833.37B	829.48B	834.09B	860.81B
Total Equity+	46.98B	48.81B	49.14B	50.2B	47.81B	49.41B	53.15B	43.91B	47.37B	45.89B
Equity Growth %	-0.06%	0.04%	0.01%	0.02%	-0.05%	0.03%	0.08%	-0.17%	0.08%	-0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.02%	0.04%	0.08%	0.09%	0.06%	0.03%	0.11%	0.08%	0.12%	0.09%
Book Value per Share	2.60	2.71	2.72	2.78	2.68	2.77	2.96	2.52	2.88	2.91
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	7.15B	7.15B	7.2B	7.12B	7B	7.08B	7.1B	6.73B	6.36B	6.06B
Additional Paid-in Capital	21.53B	21.74B	21.75B	21.99B	22.21B	22.32B	22.96B	23.44B	23.94B	18.72B
Retained Earnings	4.42B	3.6B	4.91B	5.39B	3.25B	4.58B	10.24B	6.55B	6.79B	5.91B
Accumulated OCI	0	0	0	0	0	0	0	0	0	15.02B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	16.37B	2.07B	-3.19B	-11.11B	11.28B	27.17B	6.62B	22.01B	6.81B	-4.39B
Operating CF Growth %	0.58%	-0.87%	-2.54%	-2.48%	2.02%	1.41%	-0.76%	2.32%	-0.69%	-1.65%
Net Income	1.64B	4.24B	5.28B	5.96B	4.39B	1.23B	6.9B	6.93B	7.5B	4.42B
Depreciation & Amortization	2.11B	2.38B	2.37B	2.4B	2.66B	2.73B	2.83B	2.4B	2.9B	1.32B
Deferred Taxes	0	0	0	0	-373M	0	0	0	0	0
Other Non-Cash Items	-10.1B	10.33B	8.93B	-6.33B	11.63B	36.2B	6.16B	11.39B	1.28B	5.88B
Working Capital Changes	22.71B	-14.88B	-19.77B	-13.14B	-7.41B	-12.98B	-9.27B	1.3B	-4.88B	-16.02B
Cash from Investing+	-3.31B	-686M	6.81B	11.92B	-2.13B	-4B	-2.54B	510M	-9.82B	-7.69B
Purchase of Investments	-19.35B	-4.93B	-7.86B	-12.66B	-9.73B	-8.59B	-8.98B	-7.98B	-10.31B	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-4.08B	-15M	-1.79B	-48M	-21M	-3M	-57M	-373M	-380M	-179M
Other Investing	1.54B	1.68B	1.44B	1.33B	1.43B	1.15B	1.44B	1.55B	1.03B	-3.15B
Cash from Financing+	-6.26B	-10.97B	-5.02B	-4.3B	-6.56B	-5.32B	-3.23B	-6.61B	-3.5B	-5.93B
Dividends Paid	-1.07B	-2.01B	-2.28B	-2.24B	-2.31B	-453M	-877M	-1.48B	-1.65B	-2.33B
Share Repurchases	0	0	0	-1B	-1.09B	0	0	-2.01B	-1.99B	-2.01B
Stock Issued	0	0	14M	102M	36M	144M	25M	31M	86M	187M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-472M	-6.48B	-1.74B	-336M	-853M	-1.14B	-1.82B	-1.78B	386M	237M
Net Change in Cash+	6.81B	-9.56B	-1.41B	-3.48B	2.59B	17.66B	912M	16.64B	-6.99B	-18.02B
Exchange Rate Effect	1000K	1000K	0	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K
Cash at Beginning	65.15B	71.95B	62.39B	58.71B	55.22B	57.81B	75.47B	79.19B	95.83B	88.84B
Cash at End	71.95B	62.39B	60.98B	55.22B	57.81B	75.47B	76.38B	95.83B	88.84B	70.82B
Interest Paid	0	0	0	0	0	0	0	0	0	622M
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	12.96B	-1.69B	-6.85B	-14.62B	7.84B	24.27B	3.39B	18.16B	1.35B	-8.76B
FCF Growth %	0.87%	-1.13%	-3.06%	-1.13%	1.54%	2.1%	-0.86%	4.35%	-0.93%	-7.46%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.78%	4.31%	7.98%	8.87%	5.97%	2.71%	11.28%	7.89%	11.96%	9.48%
Return on Assets (ROA)	0.1%	0.25%	0.48%	0.55%	0.36%	0.15%	0.66%	0.43%	0.62%	0.49%
Net Interest Margin	1.4%	1.13%	1.34%	1.68%	1.22%	1.23%	1.23%	1.48%	1.51%	1.35%
Efficiency Ratio	66.42%	53.93%	54.8%	58.71%	55.33%	74.41%	50.36%	54.24%	34.45%	33.58%
Equity / Assets	5.82%	5.97%	6.05%	6.29%	5.73%	5.67%	6%	5.03%	5.37%	5.06%
Book Value / Share	2.6	2.71	2.72	2.78	2.68	2.77	2.96	2.52	2.88	2.91
NII Growth	6.17%	-18.06%	17.66%	22.76%	-24.01%	5.59%	1.14%	18.86%	2.91%	-7.68%
Dividend Payout	124.42%	97.62%	58.43%	50.82%	79.04%	34.37%	15.16%	38.54%	30.24%	52.61%

Frequently Asked Questions

Valuation & Price

Lloyds Banking Group plc (LYG) has a price-to-earnings (P/E) ratio of 21.9x. This is roughly in line with market averages.

Growth & Financials

Lloyds Banking Group plc (LYG) grew revenue by 10.8% over the past year. This is steady growth.

Yes, Lloyds Banking Group plc (LYG) is profitable, generating $4.65B in net income for fiscal year 2024 (11.8% net margin).

Dividend & Returns

Yes, Lloyds Banking Group plc (LYG) pays a dividend with a yield of 2.70%. This makes it attractive for income-focused investors.

Lloyds Banking Group plc (LYG) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

Industry Metrics

Lloyds Banking Group plc (LYG) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

Lloyds Banking Group plc (LYG) has an efficiency ratio of 33.6%. This is excellent, indicating strong cost control.

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