Quarterly ResultMay 15, 2026, 05:27 PM
Grupo Cibest Q1 2026 Net Profit COP 1,457B; Authorizes COP 1.35T Buyback
AI Summary
Grupo Cibest S.A. reported a net profit of COP 1,457 billion for the first quarter of 2026, equivalent to COP 1,535 per share, driven by higher net interest income despite an impact from a new temporary wealth tax. The company's shareholders approved a new share buyback program of up to COP 1.35 trillion for a three-year term, following the termination of a previous program. The gross loan portfolio grew 2.14% quarterly, while customer deposits increased by 2.76%.
Key Highlights
- Shareholders approved a new COP 1.35 trillion share buyback program for three years.
- Net profit for Q1 2026 was COP 1,457 billion (COP 1,535 per share, USD 1.68 per ADR).
- Gross loan portfolio grew 2.14% quarterly to COP 261,833 billion.
- Customer deposits increased 2.76% quarterly to COP 271,722 billion.
- Net interest income rose 7.00% quarterly to COP 5,182 billion.
- Consolidated Net Interest Margin (NIM) was 7.03%, up 27 bps quarter-over-quarter.
- Operating expenses increased 6.77% quarterly to COP 4,044 billion, impacted by wealth tax.
- Equity attributable to shareholders decreased 8.50% quarterly to COP 36,377 billion.
Price Impact
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