Lloyds Banking Group (LLOY) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders in person and online, highlighting the group's broad shareholder base and historical roots.

• Outlined the meeting structure: board updates, performance review, Q&A, and voting on resolutions.

Financial performance review

• Statutory profit after tax for 2025 was GBP 4.8 billion, with a 15% increase in ordinary dividend per share to GBP 0.0365.

• Announced a share buyback of up to GBP 1.75 billion to be completed by end of 2026.

• Net income for Q1 2026 was GBP 4.8 billion, up 9% year-on-year; operating costs down 3%.

• Underlying lending increased by over GBP 22 billion to GBP 481 billion; customer deposits grew by GBP 14 billion to nearly GBP 500 billion.

• CET1 capital ratio stands at 13.4%, with capital generation of 41 basis points year-to-date.

Board and executive committee updates

• Chris Vogelzang joined as non-executive director and member of the Responsible Business and Board Risk Committees.

• Scott Wheway stepped down from the board and as Chair of Scottish Widows Group.