A man walks past a branch of Lloyds bank on the Strand in central London, Friday, Feb. 27, 2015. (AP Photo/Matt Dunham)

(Bloomberg) — Lloyds Banking Group Plc, Britain’s biggest mortgage provider, said it will exceed its lending profitability target after first-quarter earnings beat analyst estimates. The shares jumped the most in a year.

Pretax profit before one-time items rose 21 percent to 2.2 billion pounds ($3.4 billion) from the year-earlier period, surpassing the 2 billion-pound average estimate of six analysts in a Bloomberg survey. The bank said on Friday it expects its net interest margin to exceed its 2.55 percent annual target.

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