Lloyds‘ (LSE: LLOY) share price has dropped 19% since its 4 February one-year-traded high of £1.14. But the bank is still doing what it does best: generating dependable profits from a huge, sticky customer base.

Its recent 2025 results showed net income higher, profits up, capital returns strong and costs well contained. These should enable it to keep buying back its stock, which can be long-term rocket fuel for per‑share earnings, dividends, and price gains.

So should I buy the stock now?

The dividend/buyback combo’s the real story

The headline yield is attractive on its own, but the total capital return (dividend plus buybacks) is where the real juice is.

On the former,…