Lloyds Banking Group on 3 May maintained its full-year guidance as it posted better-than-expected pre-tax profit for its first quarter on strong net income and capital generation.

The UK lender posted a pre-tax profit of £2.26bn ($2.82bn) for the three months to March 31, compared with £1.54bn for the same period a year earlier. It beat expectations taken from a company-compiled consensus that had estimated £1.95bn.