Technical analysis on the Lloyds Banking Group share price following its Q1 2025 results where profit fell despite revenue growth.
Mixed Q1 performance reflects sector challenges
The Lloyds share price saw a stellar rise despite for the first quarter (Q1) of 2025 reporting a 7% decrease in its statutory profit after tax of £1.1 billion from the same period in 2024, primarily due to increased operating costs and a higher impairment charge of £309 million.
Despite these challenges, the bank achieved a 4% year-on-year (YoY) increase in net income to £4.39 billion, driven by a 3% rise in net interest income to £3.29 billion, supported by a banking net interest margin of 3.03%.
This mixed performance reflects the broader challenges facing UK banks as they navigate a complex operating environment characterised by persistent cost inflation, evolving…
