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EarningsQ2 2026 Earnings Report
AVAL Q2 2026 EPS Results
Actual EPS$0.16
Consensus EPS$0.19
Beat/MissMissed by -$0.03
One Year Ago EPS$0.11
AVAL Q2 2026 Revenue Results
Actual Revenue$3.47B
Expected Revenue$1.49B
Beat/MissBeat by +$1.99B
YoY Revenue Growth+30.19%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
AVAL Upcoming Earnings
Grupo Aval Acciones y Valores SA Pfd's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AVAL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted a strong operational quarter with record quarterly net income, expanded margins (driven largely by investment/trading income), loan and deposit growth, solid capital ratios, stable asset quality and clear progress on digital and technology transformation. However, management remains cautious because a sizable portion of the quarter's performance was driven by non-recurring market income that is partly offset by derivatives, and the outlook faces material macro and structural headwinds — higher inflation and interest rates, fiscal uncertainty, potential local tax increases, energy/El Niño risks, and cost pressures. Guidance was conservative for the second half and full year ROAE, reflecting these uncertainties.Company Guidance
Record Quarterly Profitability
Attributed net income of COP 577 billion, up 17% year-over-year and the highest quarterly result since March 2022; net income per share COP 24.2.
Strong Returns
Return on average equity (ROAE) for the quarter of 12.7% and return on average assets (ROAA) of 1.1% for the quarter.
Material Net Interest and Trading Income Expansion
Net interest income reached COP 3.6 trillion, up 68.4% quarter-on-quarter and 43.1% year-on-year; total NIM benefited from investment/trading income with banking-segment NIM expanding to 6.07% and NIM on loans at 5.19% (up 21 bps q/q).
Loan and Deposit Growth
Gross loans grew 2.1% quarter-on-quarter and 7.6% year-on-year; total deposits reached COP 221 trillion, up 2.1% quarter-on-quarter and 11.5% year-on-year; deposits-to-net-loans ratio rose to 117%.
Solid Capital Position
Total equity increased ~3.4% quarter-on-quarter; Banco de Bogotá ended the quarter with total solvency of 14.9% and Tier 1 capital of 14%; AV Villas issued COP 100 billion bond to strengthen Tier 2 capital.
Stable Asset Quality
90-day past-due loans (PDLs) at 3.13% (stable q/q, improved 44 bps y/y); 30-day PDLs 4.41% (10 bps q/q increase, 45 bps y/y improvement); coverage on 90-day PDLs 137%; Stage 1 loans ~90% of portfolio.
Successful Strategic Transactions and Retail Expansion
Completed transfer of Banco Itaú Colombia retail assets (Jul 31) adding >250,000 retail customers to Banco de Bogotá, strengthening retail franchise and affluent segment positioning.
Strong Performance from Non-Banking Businesses
Corficolombiana delivered a particularly strong quarter driven by fixed income and equity markets; energy and infrastructure revenues increased on a 12-month basis; non-financial income ~1.14x prior-year quarter.
Technology and Digital Execution
Progress on technology strategy: 67% of customers transact via digital channels; Aval 360, Delos management intelligence, Aurora cloud migration and AI-enabled initiatives (e.g., Nexa BPO expects 30% handled by AI); new digital personal loan product on track for Q4 launch.
Proactive Social Response and Operational Resilience
Immediate relief efforts after Colombia earthquake using 2,700+ ATMs and digital platforms to channel donations; temporary service interruptions in affected areas are being progressively restored.
AVAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed