Lloyds Banking Non-GAAP EPS of £0.037, Net interest income of £6.14B

Jul. 27, 2022 7:37 AM ETLloyds Banking Group plc (LYG)By: Gaurav Batavia, SA News Editor2 Comments
  • Lloyds Banking press release (NYSE:LYG): 1H Non-GAAP EPS of £0.037.
  • Net interest income of £6.14B (+13.3% Y/Y).
  • Outlook Given the strong financial performance in the first half of 2022 and based on current macroeconomic assumptions, the Group is enhancing its 2022 guidance:
  • Banking net interest margin now expected to be greater than 280 basis points • Continue to expect operating costs of c.£8.8 billion on the new reporting basis1
  • Asset quality ratio now expected to be below 20 basis points
  • Return on tangible equity now expected to be c.13 per cent
  • Continue to expect risk-weighted assets at the end of 2022 to be c.£210 billion
  • Capital generation now expected to be greater than 200 basis points

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