Britain's biggest mortgage lender on Wednesday reported a pre-tax profit of 1.9 billion pounds ($2.3 billion) for the three months to September 30, in line with the 1.8 billion expected by analysts in forecasts compiled by the bank.
The bank's quarterly profit was up on 576 million pounds the prior year, which was restated due to accounting changes.
Analysts welcomed the steady set of results, noting a bad loan charge of just 187 million pounds - versus 668 million in the same quarter a year earlier - was much lower than expected.
However, Lloyds said it increased its deposits by 500 million pounds during the third quarter, reversing a trend of outflows seen by many banks this year.
Deposits remained down 5 billion pounds year to date at 470 billion pounds.
Persons:
Dado Ruvic, Zoe Gillespie, Banks, Iain Withers, Lawrence White, Jason Neely
Organizations:
Lloyds Bank, REUTERS, Lloyds Banking Group, savers, Lloyds, Barclays, RBC Brewin, Thomson