Lloyds Banking FY24 Profit Before Tax Declines - Quick Facts

(RTTNews) - Lloyds Banking Group plc (LLOY.L, LYG) reported fiscal 2024 statutory profit before tax of 5.97 billion pounds, down 20% from last year. Basic earnings per share was 6.3 pence compared to 7.6 pence. Underlying profit was 6.34 billion pounds, down 19%. Total income was 34.28 billion pounds, down 3%. Underlying net interest income was 12.84 billion pounds, down 7%.

Based on current macroeconomic assumptions, for 2025, the Group expects: underlying net interest income of approximately 13.5 billion pounds. The Group maintained its guidance for 2026.

The Board has recommended a final ordinary dividend of 2.11 pence per share, resulting in a total ordinary dividend for 2024 of 3.17 pence per share, up 15% on prior year.

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