Lloyds (LLOY LN) Q1 2026 (GBP): Statutory Pretax Profit 2.03bln (exp. 1.78bln), NII 3.56bln (prev. 3.29bln Y/Y), EPS 2.4p (prev. 1.7p Y/Y); reiterated guidance

Guidance: 

• "We are confident in our delivery for the year ahead and reiterate our guidance for 2026. We look forward to presenting our new strategy alongside the half-year results".

Impairment: 

• The underlying impairment charge was GBP 295mln (prev. GBP 309mln Y/Y), resulting in an asset quality ratio of 25 basis points. 
• The MES charge reflects a £151 million impact from the deterioration in economic outlook as a result of the Middle East conflict.