Lloyds Banking Group reported an estimate-beating 5% increase in first-half profit on Thursday, driven by higher income from mortgages and unsecured consumer lending, but said corporate defaults rose in one sector.

Lloyds shares edged down on Thursday despite the bank reporting better-than-expected profits, as it opted to leave its full-year guidance unchanged. Share price was down by 0.41% at 9:21 am. Lloyds shares have already climbed 40% year-to-date,

The U.K.’s largest mortgage provider reported better-than-expected second-quarter profit on lighter costs and resilient income.