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Grupo Cibest
(NYSE:CIB)
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Rating:75Outperform
Price Target:
$110.00
▲(8.90% Upside)
Action:Reiterated
Date:08/19/26
CIB scores well on fundamentals, with a clear TTM profitability and cash-flow rebound, though balance-sheet leverage and historical volatility temper the strength. Technicals are constructive with strong trend and MACD, but near-overbought RSI adds near-term risk. Valuation is favorable (low P/E and moderate yield), and the earnings call was supportive due to upgraded NIM/ROE guidance and active capital returns, balanced by macro and asset-quality risk pockets.
Positive Factors
Profitability Recovery
The sharp recovery in revenue and margins indicates improving earnings power after the 2023–2025 compression. Stronger profitability can support capital formation and shareholder returns, although sustainability remains linked to economic conditions.
Negative Factors
Higher Leverage
Rising leverage combined with a smaller equity and asset base reduces the balance-sheet cushion relative to last year. This may increase sensitivity to credit losses, funding stress or weaker earnings during adverse operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The sharp recovery in revenue and margins indicates improving earnings power after the 2023–2025 compression. Stronger profitability can support capital formation and shareholder returns, although sustainability remains linked to economic conditions.
Read all positive factors
Grupo Cibest (CIB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.85B
Dividend Yield2.54%
Average Volume (3M)325.67K
Price to Earnings (P/E)9.7
Beta (1Y)0.34
Revenue Growth7.13%
EPS Growth-22.31%
CountryUS
Employees33,951
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)32442.24
Shares Outstanding111,362,236
10 Day Avg. Volume311,488
30 Day Avg. Volume325,668
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)1.44
Price to Sales (P/S)1.33
P/FCF Ratio5.71
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$104.00Price Target Upside2.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)10.5
Revenue Forecast (FY)$9.58B
Grupo Cibest Business Overview & Revenue Model
Company Description
Grupo Cibest SA functions as an investment holding enterprise, with its headquarters situated in Medellin, Colombia....
Grupo Cibest Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong underlying operational and financial momentum: record quarterly net income, materially expanded NIM and ROE, healthy fee growth, improved efficiency and disciplined capital actions (buybacks, extraordinary dividend, acquisitions). These positives were balanced against macro and event-driven headwinds — high inflation, elevated policy rates, fiscal pressures, peso appreciation, seismic and El Niño risks, and some concentrated asset-quality pressures (notably in consumer pockets and certain Central American segments). Management raised guidance for NIM and ROE while maintaining conservative cost-of-risk and loan-growth targets and emphasized capital strength and strategic initiatives (Nequi separation, Avista acquisition). Overall, the company appears well positioned to sustain returns but remains exposed to near-term macro and event risks that could pressure asset quality and margins.Positive Updates
Record Quarterly Net Income and ROE
Net income reached COP 2.7 trillion for the quarter, up 87% quarter-over-quarter, driving a historic quarterly ROE of ~28.7% (annualized ~29%) with Bancolombia stand-alone ROE of 36%.
Negative Updates
Macroeconomic Headwinds — High Inflation and Elevated Rates
Inflation exceeded 6.1% at quarter-end and is projected to reach ~6.9% by year-end; the Central Bank raised policy rate to 12% and management expects the policy rate could reach ~12.75% by end-2026 or remain high for longer, pressuring costs and growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Net Income and ROE
Net income reached COP 2.7 trillion for the quarter, up 87% quarter-over-quarter, driving a historic quarterly ROE of ~28.7% (annualized ~29%) with Bancolombia stand-alone ROE of 36%.
Read all positive updates
Company Guidance
Management updated 2026 guidance with loan growth unchanged at 7–8%, NIM raised to 7.4–7.6% (lending NIM ~8%, investment NIM ~3.5%), cost of risk maintained at 1.6–1.8%, an efficiency ratio around 48% and ROE lifted to 21–22%; at mid‑year they reported a quarterly annualized cost of risk of 1.6% and first‑half ROE of 21.5%. On capital, Bancolombia’s June CET1 was 12.1% and total solvency 13.9%, management expects standalone solvency of ~15.3% and group double‑leverage of ~105% by year‑end (appetite up to ~120%); corporate actions include a proposed extraordinary dividend of 1.2 trillion and an active 3‑year buyback (over 7 million shares, ~COP 967 billion repurchased in the last 12 months).Grupo Cibest Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.31T | 42.92T | 42.91T | 45.18T | 32.69T | 21.69T |
| Gross Profit | 27.06T | 26.22T | 22.43T | 21.05T | 20.45T | 14.92T |
| EBITDA | 11.33T | 9.98T | 9.77T | 9.23T | 10.69T | 6.84T |
| Net Income | 7.71T | 6.78T | 6.27T | 6.12T | 6.78T | 4.09T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 26.83T | 22.78T | 30.06T | 36.13T | 28.77T | 24.54T |
| Total Debt | 23.72T | 19.36T | 29.91T | 32.56T | 41.17T | 31.46T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 36.88T | 39.71T | 43.54T | 38.09T | 39.09T | 32.23T |
Cash Flow | ||||||
| Free Cash Flow | 11.69T | 10.01T | -1.61T | 16.74T | 2.80T | 4.42T |
| Operating Cash Flow | 14.04T | 12.26T | 435.89B | 19.15T | 6.34T | 6.60T |
| Investing Cash Flow | -14.34T | -2.22T | -559.20B | -159.69B | -4.65T | -650.49B |
| Financing Cash Flow | 2.69T | -8.25T | -9.24T | -5.43T | 853.44B | -6.81T |
Grupo Cibest Technical Analysis
Positive
101.01
Price Trends
89.90
Positive
80.08
Positive
74.16
Positive
Market Momentum
2.77
Positive
61.45
Neutral
64.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIB, the sentiment is Positive. The current price of 101.01 is above the 20-day moving average (MA) of 98.35, above the 50-day MA of 89.90, and above the 200-day MA of 74.16, indicating a bullish trend. The MACD of 2.77 indicates Positive momentum. The RSI at 61.45 is Neutral, neither overbought nor oversold. The STOCH value of 64.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CIB.
Grupo Cibest Risk Analysis
Grupo Cibest disclosed 38 risk factors in its most recent earnings report. Grupo Cibest reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The Bank is subject to a wide range of cybersecurity incidents. Q4, 2023
Grupo Cibest Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $30.56B | 13.87 | 19.58% | 3.77% | 23.90% | 27.55% | |
76 Outperform | $10.39B | 11.27 | 10.49% | 2.26% | 33.25% | 41.46% | |
75 Outperform | $25.85B | 9.69 | 19.85% | 2.97% | 7.13% | -22.31% | |
72 Outperform | $16.76B | 14.28 | 22.63% | 4.43% | 7.69% | 9.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $21.48B | 16.46 | 21.49% | 5.37% | 3.94% | 3.40% | |
62 Neutral | $22.26B | 31.05 | 11.81% | 5.10% | 20.73% | 27.11% |
* Financial Sector Average
CIB
Grupo Cibest
100.58
50.21
99.70%
BCH
Banco De Chile
42.35
13.06
44.57%
BSBR
Banco Santander Brasil
5.96
0.79
15.35%
BSAC
Banco Santander Chile
35.67
10.92
44.13%
BAP
Credicorp
382.53
133.29
53.48%
SSB
SouthState Corporation
107.98
7.49
7.46%
Grupo Cibest Corporate Events
Grupo Cibest Posts Strong 2Q 2026 Results and Completes Banistmo Divestment
Aug 10, 2026
On June 30, 2026, Grupo Cibest completed the divestment of Banistmo S.A., selling 100% of its shares to Banco La Hipotecaria, a subsidiary of Inversiones Cuscatlán, for USD 1.418 billion as part of a long-term strategy to streamline its portf...
Grupo Cibest Tightens Shareholder Governance Ahead of August 26 Meeting
Aug 10, 2026
On August 10, 2026, Grupo Cibest S.A. announced a set of governance measures designed to ensure equitable treatment of shareholders ahead of its General Shareholders’ Meeting scheduled for August 26, 2026. The Board of Directors revised the ...
Grupo Cibest Calls Extraordinary Shareholders’ Meeting to Approve Extraordinary Dividend Plan
Aug 10, 2026
On August 10, 2026, Grupo Cibest S.A. announced that its presidency has convened an Extraordinary General Shareholders’ Meeting to be held in person on August 26, 2026, at the company’s administrative offices in Medellín. The meet...
Grupo Cibest Sets September Launch for Independent Nequi Financing Company
Jul 31, 2026
Grupo Cibest S.A. announced on July 31, 2026, that Nequi S.A. Compañía de Financiamiento is expected to begin operations as an independent financing company within the group on September 1, 2026, following regulatory authorization grante...
Grupo Cibest Clarifies Board Compensation and Fund Redemption Rules
Jul 2, 2026
On July 1, 2026, Grupo Cibest S.A. clarified to the market the structure of its Board of Directors’ compensation policy, previously disclosed on June 25, 2026. Under this policy, 70% of board pay is delivered in cash and 30% via contribution...
Grupo Cibest Finalizes Sale of Banistmo to Inversiones Cuscatlán Group
Jun 30, 2026
On June 30, 2026, Grupo Cibest S.A. completed the previously announced sale of its Panamanian banking subsidiary Banistmo S.A. to Banco La Hipotecaria S.A., a unit of Inversiones Cuscatlán Centroamérica S.A., receiving the agreed purchas...
Grupo Cibest Board Backs Chairman’s Partial Exit from SVA Fund Under Governance Protocols
Jun 25, 2026
On June 25, 2026, Grupo Cibest S.A. announced that its Board of Directors unanimously authorized Chairman Luis Fernando Restrepo Echavarría to partially settle his rights in the SVA Institutional Fund, which is primarily invested in Grupo Cib...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.