- Lloyds reported a statutory pretax profit of GBP824 million, which was below the estimated GBP1.03 billion.
- Underlying profit was GBP993 million, falling short of the GBP1.32 billion forecast.
- The return on tangible equity was recorded at +7.1%.
- The net interest margin met expectations at 2.97%.
- Operating costs came in at GBP2.45 billion, slightly higher than the estimated GBP2.4 billion.
- Cost to income ratio was substantially higher than expected, at 73.7% compared to an estimate of 58%.
- The final dividend per share for the year 2024 was declared at 2.11p, while the total dividend per share was 3.17p.
- There was a noted increase in income in the second half of the year, backed by a rise in net interest margin and other income streams.
- Investment community sentiment included 8 buy ratings, 14 hold ratings, and 2 sell ratings.
A look at Lloyds Banking Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Lloyds Banking Group plc is positioned for a positive long-term outlook. With strong ratings in Value, Dividend, Growth, and Momentum, the company demonstrates solid fundamentals and potential for future growth. However, with a lower score in Resilience, there may be some vulnerabilities to consider. Lloyds Banking Group plc offers a wide range of banking and financial services, including retail banking, mortgages, pensions, asset management, insurance services, corporate banking, and treasury services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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