Lloyds Bank plc

CIK:0001167831|SEC Filings

Consolidated income statement - GBP (£) £ in Millions	12 Months Ended
Consolidated income statement - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Interest income	£ 28,208	£ 28,386	£ 25,300
Interest expense	(14,845)	(15,794)	(11,591)
Net interest income	13,363	12,592	13,709
Fee and commission income	2,515	2,416	2,456
Fee and commission expense	(1,254)	(1,478)	(1,104)
Net fee and commission income	1,261	938	1,352
Net trading income	523	597	384
Other operating income	3,282	2,944	2,922
Other income	5,066	4,479	4,658
Total income	18,429	17,071	18,367
Operating expenses	(12,165)	(11,927)	(10,968)
Impairment	(792)	(456)	(343)
Profit before tax	5,472	4,688	7,056
Tax expense	(1,616)	(1,202)	(1,849)
Profit for the year	3,856	3,486	5,207
Profit attributable to ordinary shareholders	3,425	3,101	4,858
Profit attributable to other equity holders	404	363	334
Profit attributable to equity holders	3,829	3,464	5,192
Profit attributable to non-controlling interests	£ 27	£ 22	£ 15

Consolidated cash flow statement - GBP (£) £ in Millions	12 Months Ended
Consolidated cash flow statement - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows provided by (used in) operating activities
Profit before tax	£ 5,472	£ 4,688	£ 7,056
Adjustments for:
Change in operating assets	(22,432)	(21,996)	8,923
Change in operating liabilities	15,414	4,470	(15,325)
Non-cash and other items	5,889	6,051	4,818
Tax paid	(2,357)	(1,432)	(1,357)
Tax refunded	200	970	0
Net cash (used in) provided by operating activities	2,186	(7,249)	4,115
Cash flows (used in) provided by investing activities
Purchase of financial assets	(19,761)	(10,508)	(10,303)
Proceeds from sale and maturity of financial assets	14,296	7,053	5,289
Purchase of property, plant and equipment	(4,454)	(3,693)	(3,489)
Purchase of other intangible assets	(1,244)	(1,246)	(1,473)
Proceeds from sale of property, plant and equipment	1,528	1,183	979
Proceeds from sales of goodwill and other intangible assets	0	8	0
Acquisition of businesses, net of cash acquired	0	0	(293)
Net cash (used in) provided by investing activities	(9,635)	(7,203)	(9,290)
Cash flows used in financing activities
Dividends paid to ordinary shareholders	(2,390)	(3,990)	(4,700)
Distributions on other equity instruments	(404)	(363)	(334)
Dividends paid to non-controlling interests	(16)	0	(39)
Return of capital contributions	(1)	(1)	(1)
Interest paid on subordinated liabilities	(578)	(366)	(335)
Proceeds from issue of subordinated liabilities	1,761	386	670
Proceeds from issue of other equity instruments	1,500	1,168	745
Repayment of subordinated liabilities	(913)	0	(251)
Repurchases and redemptions of other equity instruments	(1,758)	(500)	0
Borrowings from parent company	4,611	2,895	1,942
Repayments of borrowings to parent company	(3,206)	(1,280)	(931)
Interest paid on borrowings from parent company	(413)	(200)	(210)
Net cash used in financing activities	(1,807)	(2,251)	(3,444)
Effects of exchange rate changes on cash and cash equivalents	143	(123)	(44)
Change in cash and cash equivalents	(9,113)	(16,826)	(8,663)
Cash and cash equivalents at beginning of year	49,712	66,538	75,201
Cash and cash equivalents at end of year	£ 40,599	£ 49,712	£ 66,538

Consolidated balance sheet - GBP (£) £ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and balances at central banks	£ 37,720	£ 42,396
Financial assets at fair value through profit or loss	2,279	2,321
Derivative financial instruments	3,260	4,235
Loans and advances to banks	5,836	6,433
Loans and advances to customers	461,504	441,907
Reverse repurchase agreements	43,962	44,143
Debt securities	11,983	11,854
Due from fellow Lloyds Banking Group undertakings	1,182	560
Financial assets at amortised cost	524,467	504,897
Financial assets at fair value through other comprehensive income	36,257	30,344
Goodwill and other intangible assets	5,692	5,804
Current tax recoverable	1,263	338
Deferred tax assets	3,917	4,785
Retirement benefit assets	2,695	3,028
Other assets	13,785	13,065
Total assets	631,335	611,213
Liabilities
Deposits from banks	3,085	3,144
Customer deposits	465,207	451,794
Repurchase agreements at amortised cost	37,567	37,760
Due to fellow Lloyds Banking Group undertakings	3,852	4,049
Financial liabilities at fair value through profit or loss	4,243	4,630
Derivative financial instruments	4,286	5,787
Notes in circulation	2,118	2,121
Debt securities in issue at amortised cost	52,132	45,281
Other liabilities	5,772	7,211
Retirement benefit obligations	120	122
Current tax liabilities	35	33
Deferred tax liabilities	146	125
Provisions	2,772	2,198
Subordinated liabilities	8,020	7,211
Total liabilities	589,355	571,466
Equity
Share capital	1,574	1,574
Share premium account	600	600
Other reserves	4,160	2,389
Retained profits	30,208	29,412
Ordinary shareholders’ equity	36,542	33,975
Other equity instruments	5,367	5,692
Total equity excluding non-controlling interests	41,909	39,667
Non-controlling interests	71	80
Total equity	41,980	39,747
Total equity and liabilities	£ 631,335	£ 611,213