Quarterly ResultMay 4, 2026, 04:33 PM
Grupo Cibest Q1 2026 Net Income COP 1.46T, up 178.66% QoQ
AI Summary
Grupo Cibest reported a net income attributable to shareholders of COP 1.457 trillion for Q1 2026, marking a 178.66% increase quarter-over-quarter but a 16.15% decrease year-over-year. The company's net interest margin rose to 7.03%, and its gross loan portfolio grew by 2.14% QoQ to COP 262 trillion. Customer deposits also increased by 2.76% QoQ to COP 272 trillion. The results were impacted by a non-recurring wealth tax and a decrease in shareholders' equity due to profit distribution and a share buyback program.
Key Highlights
- Net income attributable to shareholders was COP 1.457 trillion, up 178.66% QoQ.
- Quarterly annualized Return on Equity (ROE) was 14.89%.
- Net interest margin (NIM) increased by 27 bps QoQ to 7.03%.
- Gross loan portfolio grew 2.14% QoQ to COP 261.83 trillion.
- Customer deposits rose 2.76% QoQ to COP 271.72 trillion.
- Provision charges decreased 15.54% QoQ to COP 1.229 trillion.
- Shareholders' equity decreased 8.50% QoQ to COP 36.38 trillion due to profit distribution.
- 50.54% of the COP 1.35 trillion share buyback program was executed by March 31, 2026.