Lloyds Banking Group plc (LYG) Q2 2026 Earnings Call Transcript

SA Transcripts 161.4K Followers Follow Lloyds Banking Group plc ( LYG ) Q2 2026 Earnings Call July 30, 2026 4:30 AM EDT Company Participants Charles Nunn - Group Chief Executive & Executive Director William Leon Chalmers - Group CFO & Executive Director Douglas Radcliffe - Group Investor Relations Director Conference Call Participants Guy Stebbings - BNP Paribas, Research Division Benjamin Toms - RBC Capital Markets, Research Division Benjamin Caven-Roberts - Goldman Sachs Group, Inc., Research Division Andrew Coombs - Citigroup Inc., Research Division Amit Goel - Mediobanca - Banca di credito finanziario S.p.A., Research Division James Frederick Invine - Rothschild & Co Redburn, Research Division Christopher Cant - Bernstein Autonomous LLP Pui Mong - BofA Securities, Research Division Nicolas Payen - Kepler Cheuvreux, Research Division Alvaro de Tejada - Morgan Stanley, Research Division Edward Hugo Firth - Keefe, Bruyette, & Woods, Inc., Research Division Sheel Shah - JPMorgan Chase & Co, Research Division Presentation Charles Nunn Group Chief Executive & Executive Director Good morning, everyone, and thank you for joining us today. I'm delighted to welcome you to our 2026 half year results and strategy update presentation. Today represents an important milestone as we approach the end of our current five-year plan and announced an ambitious new strategy to take us through to the end of 2030. We've got a lot to cover this morning, so let me start with a brief overview of the agenda and key messages. I'll begin with a look back on our progress to date. We have successfully executed our 2022 to '26 strategic plan and are on track to deliver our 2026 financial targets. This lays strong foundations for the next phase. William will then cover our first half results that show sustained strength in financial performance. We are today announcing a significant step-up in our ordinary dividend with a 30% increase in the interim, alongside a share buyback of GBP 1 billion. We will then shift focus to our new