He is seeking to make Lloyds a slimmer and more profitable bank, cutting costs and boosting sales by offering customers more products such as wealth management services and insurance.
Mr Nunn said: “The group is continuing to deliver in line with expectations in the first quarter of 2024, with solid net income, cost discipline and strong asset quality.”
Lloyds, which owns Halifax, is one of the UK’s largest mortgage providers.
The bank issued an upbeat assessment for the housing market and the UK economy.
Mr Chalmers said mortgage applications were up 20pc versus the same period last year, but expects this to slow during the rest of 2024.
The lender has stuck by its interest rate cut forecasts by the Bank of England, and still predicts three rate cuts this year with the first occurring during the summer.
Lloyds also said it took no further charges related to the potential impact of the motor finance investigation by the Financial Conduct Authority (FCA).
The bank booked a £450m provision related to the possible costs of the redress scheme in February.
The FCA is investigating a number of lenders over historic commissions paid to car dealers linked to the rate of interest charged to borrowers buying a vehicle.
Costs at the bank rose more than expected during the period, mainly because of the impact of a Bank of England levy charged on all banks.
