Financial Ratios Lloyds Banking Group plc

Equities

LLOY

GB0008706128

Banks

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09-12	Britain's challenger banks boosted by capital rules revamp	RE
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Published financial data: LLOYDS BANKING GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	16.86B	14.31B	13.26B	17.64B	28.05B
Interest Income, Total	16.86B	14.31B	13.26B	17.64B	28.05B
Interest On Deposits	6.68B	3.56B	3.89B	3.69B	14.75B
Interest Expense, Total	6.68B	3.56B	3.89B	3.69B	14.75B
Net Interest Income	10.18B	10.75B	9.37B	13.96B	13.3B
Income From Trading Activities	18.4B	7.43B	16.62B	-19.48B	18.14B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	440M	149M	-2M	92M	122M
Income (Loss) on Equity Invest. (Income Block)	6M	-13M	2M	10M	-16M
Total Other Non Interest Income	-10.56B	-2.98B	-10.24B	24.14B	-12.82B
Non Interest Income, Total	8.29B	4.59B	6.38B	4.76B	5.42B
Revenues Before Provison For Loan Losses	18.47B	15.34B	15.75B	18.72B	18.72B
Provision For Loan Losses	1.3B	4.16B	-1.38B	1.52B	303M
Total Revenues	17.17B	11.18B	17.13B	17.2B	18.41B
Salaries And Other Employee Benefits	-	-	3.52B	4.02B	4.01B
Stock-Based Compensation (IS)	373M	196M	268M	-	-
Amort. of Goodwill & Intang. Assets	-	-	962M	903M	-
Occupancy Expense	-	-	1.93B	1.67B	3.35B
Selling General & Admin Expenses, Total	357M	361M	1.72B	2.01B	-
Total Other Non Interest Expense	11.85B	8.66B	1B	1.11B	2.98B
Non Interest Expense, Total	12.58B	9.22B	9.41B	9.71B	10.34B
EBT, Excl. Unusual Items	4.59B	1.96B	7.72B	7.49B	8.08B
Restructuring Charges	-92M	-521M	-92M	-50M	-487M
Impairment of Goodwill	-	-4M	-	-	-
Asset Writedown	-108M	-209M	575M	-511M	-87M
Legal Settlements	-	-	-1.3B	-	-
EBT, Incl. Unusual Items	4.39B	1.23B	6.9B	6.93B	7.5B
Income Tax Expense	1.39B	-161M	1.02B	1.37B	1.98B
Earnings From Continuing Operations	3.01B	1.39B	5.88B	5.56B	5.52B
Net Income to Company	3.01B	1.39B	5.88B	5.56B	5.52B
Minority Interest	-81M	-69M	-101M	-96M	-58M
Net Income - (IS)	2.92B	1.32B	5.78B	5.46B	5.46B
Preferred Dividend and Other Adjustments	466M	453M	429M	438M	527M
Net Income to Common Incl Extra Items	2.46B	865M	5.36B	5.02B	4.93B
Net Income to Common Excl. Extra Items	2.46B	865M	5.36B	5.02B	4.93B
Per Share Items
Net EPS - Basic	0.03	0.01	0.08	0.07	0.08
Basic EPS - Continuing Operations	0.03	0.01	0.08	0.07	0.08
Basic Weighted Average Shares Outstanding	70.6B	70.61B	70.94B	68.85B	64.95B
Net EPS - Diluted	0.03	0.01	0.08	0.07	0.08
Diluted EPS - Continuing Operations	0.03	0.01	0.08	0.07	0.08
Diluted Weighted Average Shares Outstanding	71.28B	71.26B	71.78B	69.68B	65.76B
Normalized Basic EPS	0.04	0.02	0.07	0.07	0.08
Normalized Diluted EPS	0.04	0.02	0.07	0.07	0.08
Dividend Per Share	0.01	0.01	0.02	0.02	0.03
Payout Ratio	94.97	34.37	22.58	35.04	39.89
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
Effective Tax Rate - (Ratio)	31.57	-13.13	14.73	19.82	26.46
Current Domestic Taxes	1.29B	125M	1.38B	1.12B	1.25B
Current Foreign Taxes	68M	2M	30M	83M	98M
Total Current Taxes	1.36B	127M	1.41B	1.2B	1.35B
Total Deferred Taxes	26M	-288M	-391M	169M	637M
Normalized Net Income	2.79B	1.16B	4.72B	4.58B	4.99B
Non-Cash Pension Expense	40M	38M	21M	-57M	-168M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	373M	196M	268M	-	-
Total Stock-Based Compensation	373M	196M	268M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	57.81B	75.47B	76.38B	95.83B	76.18B
Investment Securities, Total	215B	227B	260B	231B	251B
Trading Asset Securities, Total	56.89B	65.92B	58.43B	52.06B	57B
Mortgage Backed Securities	583M	460M	421M	228M	-
Total investments	272B	293B	319B	284B	308B
Gross Loans	448B	450B	455B	465B	467B
Allowance For Loan Losses	-3.26B	-5.77B	-3.82B	-4.53B	-3.72B
Other Adjustments to Gross Loans	-583M	-544M	-246M	-1.76B	-2.29B
Net Loans	444B	444B	451B	459B	461B
Gross Property Plant And Equipment	15.02B	14.26B	-	-	-
Accumulated Depreciation	-5.47B	-5.85B	-	-	-
Net Property Plant And Equipment	9.55B	8.41B	7.96B	8.13B	9.67B
Goodwill	2.32B	2.32B	2.32B	2.66B	2.8B
Other Intangibles, Total	3.81B	4.14B	4.2B	4.79B	5.35B
Investment in Real Estate	3.55B	3.35B	3.61B	2.53B	2.86B
Other Receivables	320M	959M	510M	854M	1.18B
Restricted Cash	3.29B	4.55B	4.99B	2.11B	1.93B
Other Current Assets, Total	-	-	1.02B	1.22B	1.46B
Deferred Tax Assets Long-Term (Collected)	2.67B	2.74B	3.12B	5.23B	5.18B
Deferred Charges Long-Term	83M	74M	64M	54M	39M
Other Long-Term Assets, Total	34.2B	31.89B	12.83B	11.76B	6.5B
Total Assets	834B	871B	887B	878B	881B
Liabilities
Interest Bearing Deposits	345B	366B	372B	369B	375B
Non-Interest Bearing Deposits	76.9B	97.4B	112B	114B	103B
Total Deposits	422B	463B	484B	483B	478B
Short-Term Borrowings	62.1B	63.84B	57.85B	85.39B	69.89B
Current Portion of Long-Term Debt	23.73B	20.22B	16.95B	18.47B	17.72B
Current Portion of Leases	241M	234M	233M	233M	335M
Long-Term Debt	89.92B	79.87B	65.58B	58.48B	61.35B
Long-Term Leases	1.6B	1.44B	1.24B	1.08B	1.3B
Current Income Taxes Payable	187M	31M	6M	8M	39M
Other Current Liabilities - (Bank / Utility Template)	51.41B	54.27B	61.62B	55.55B	64.61B
Unearned Revenue Non Current	333M	330M	312M	246M	-
Pension & Other Post Retirement Benefits	257M	245M	230M	126M	136M
Deferred Tax Liability Non-Current	44M	45M	39M	216M	157M
Other Non Current Liabilities	134B	138B	145B	128B	141B
Total Liabilities	786B	822B	833B	830B	834B
Common Stock, Total	7B	7.08B	7.1B	6.73B	6.36B
Additional Paid In Capital	17.75B	17.86B	18.48B	18.5B	18.57B
Retained Earnings	3.25B	4.58B	10.24B	10.14B	6.79B
Comprehensive Income and Other	19.6B	19.65B	17.1B	11.9B	15.45B
Total Common Equity	47.6B	49.18B	52.92B	47.28B	47.16B
Minority Interest	203M	229M	235M	244M	201M
Total Equity	47.81B	49.41B	53.15B	47.52B	47.36B
Total Liabilities And Equity	834B	871B	887B	878B	881B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	69.56B	71.24B	70.56B	66.26B	63.45B
ECS Total Common Shares Outstanding	69.13B	70.81B	70.56B	66.26B	63.45B
Book Value / Share	0.6	0.61	0.67	0.63	0.63
Tangible Book Value	41.47B	42.72B	46.4B	39.84B	39.01B
Tangible Book Value Per Share	0.51	0.52	0.57	0.52	0.51
Tangible Book Value Per Share (As Reported)	0.51	0.52	0.58	0.52	0.51
Average Assets	-	-	-	-	-
Average Loans	-	-	-	-	-
Total Debt	178B	166B	142B	164B	151B
Deposits at Interest - Cash	5.97B	6.76B	4.95B	6.55B	12.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-550M	-1.58B	-4.4B	-3.73B	-3.53B
Net Debt	7.31B	-39.26B	-54B	-36.22B	-28.86B
Equity Method Investments, Total	304M	296M	352M	385M	401M
Full Time Employees	63.07K	61.58K	57.96K	59.35K	62.57K
Assets on Operating Lease - Gross	6.75B	6.26B	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-2.31B	-2.3B	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.92B	1.32B	5.78B	5.46B	5.46B
Depreciation, Depletion & Amortization	2.06B	2.05B	1.84B	1.47B	1.78B
Amortization of Goodwill and Intangible Assets - (CF)	100M	96M	94M	92M	100M
Total Depreciation, Depletion & Amortization	2.16B	2.14B	1.93B	1.56B	1.88B
Amortization of Deferred Charges, Total	496M	590M	892M	833M	1.03B
(Gain) Loss On Sale of Asset - (CF)	-32M	-81M	-268M	-121M	-61M
(Gain) Loss on Sale of Investments - (CF)	248M	-226M	-306M	376M	1.14B
Total Asset Writedown	108M	209M	-575M	511M	87M
Provision for Credit Losses	-199M	2.43B	-2.06B	613M	-800M
(Income) Loss On Equity Investments - (CF)	-6M	13M	-2M	-10M	16M
Stock-Based Compensation (CF)	236M	122M	182M	224M	-
Change in Trading Asset Securities	3.89B	-14.32B	-9.43B	18.48B	-20.73B
Change in Other Net Operating Assets (Collected)	-12.4B	-10.69B	-19.68B	-1.72B	20.82B
Other Operating Activities	12.75B	3.56B	6.58B	-20.07B	2.95B
Cash from Operations	10.17B	-14.92B	-16.94B	6.14B	11.77B
Capital Expenditure	-3.44B	-2.9B	-3.23B	-3.86B	-5.46B
Sale of Property, Plant, and Equipment	1.43B	1.15B	1.44B	1.55B	1.03B
Cash Acquisitions	-21M	-3M	-57M	-409M	-380M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-99M	-2.24B	-697M	3.22B	-5.01B
Cash from Investing	-2.13B	-4B	-2.54B	510M	-9.82B
Long-Term Debt Issued, Total	-	-	499M	838M	1.42B
Total Debt Issued	-	-	499M	838M	1.42B
Long-Term Debt Repaid, Total	-818M	-3.87B	-1.06B	-2.22B	-1.74B
Total Debt Repaid	-818M	-3.87B	-1.06B	-2.22B	-1.74B
Issuance of Common Stock	929M	144M	25M	776M	1.86B
Repurchase of Common Stock	-2.58B	-	-	-3.41B	-2.13B
Common Dividends Paid	-2.78B	-453M	-1.31B	-1.91B	-2.18B
Common & Preferred Stock Dividends Paid	-2.78B	-453M	-1.31B	-1.91B	-2.18B
Net Increase (Decrease) in Deposit Accounts - (CF)	1.11B	42.09B	23.56B	15.88B	-4.96B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-1.32B	-1.14B	-1.4B	-690M	-724M
Cash from Financing	-5.45B	36.77B	20.33B	9.26B	-8.46B
Foreign Exchange Rate Adjustments	-5M	-196M	70M	727M	-480M
Net Change in Cash	2.59B	17.66B	912M	16.64B	-6.99B
Supplemental Items
Cash Interest Paid	1.18B	1.1B	1.3B	603M	623M
Cash Income Tax Paid (Refund)	1.28B	736M	796M	743M	1.44B
Net Debt Issued / Repaid	-818M	-3.87B	-557M	-1.38B	-328M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.37	0.16	0.67	0.63	0.63
Return On Equity %	6.13	2.85	11.48	11.04	12.09
Return on Common Equity	5.04	1.79	10.49	10.02	10.86
Shareholders Value Added	-2.77B	-4.07B	-191M	-429M	415M
Margin Analysis
SG&A Margin	0.99	1.67	40.92	43.96	39.97
Net Interest Income / Total Revenues %	59.29	96.14	54.69	81.15	72.22
EBT Excl. Non-Recurring Items Margin %	26.75	17.53	45.07	43.55	43.87
Income From Continuing Operations Margin %	17.51	12.41	34.36	32.3	29.97
Net Income Margin %	17.03	11.79	33.77	31.74	29.65
Net Avail. For Common Margin %	14.32	7.74	31.27	29.2	26.79
Normalized Net Income Margin	16.25	10.34	27.58	26.66	27.1
Asset quality
Nonperforming Loans / Total Loans %	1.34	1.44	1.42	1.64	1.53
Nonperforming Loans / Total Assets %	0.72	0.74	0.73	0.87	0.81
Nonperforming Assets / Total Assets %	0.72	0.74	0.73	0.87	0.81
NPAs / Loans and OREO	1.34	1.44	1.42	1.64	1.53
NPAs / Equity	12.58	13.13	12.12	16.08	15.09
Allowance for Credit Losses / Net Charge-offs %	223.82	419.04	408.56	597.23	334.08
Allowance for Credit Losses / Nonperforming Loans %	54.21	88.84	59.29	59.33	52.12
Allowance for Credit Losses / Total Loans %	0.73	1.28	0.84	0.97	0.8
Net Charge-offs / Total Average Loans %	-	-	-	-	-
Provision for Loan Losses / Net Charge-offs %	88.95	301.96	-147.38	200.53	27.17
Earning Assets / IBL	-	-	-	-	-
Interest Income / Average Assets	-	-	-	-	-
Interest Expense / Average Assets	-	-	-	-	-
Net Interest Income / Average Assets	-	-	-	-	-
Non Interest Income / Average Assets	-	-	-	-	-
Non Interest Expense / Average Asset