EarningsQ2 2026 Earnings Report
MX:CIB1N Q2 2026 EPS Results
Actual EPS$66.87
Consensus EPS$43.63
Beat/MissBeat by +$23.24
One Year Ago EPS$33.86
MX:CIB1N Q2 2026 Revenue Results
Actual Revenue$59.06B
Expected Revenue$41.59B
Beat/MissBeat by +$17.47B
YoY Revenue Growth+23.85%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
MX:CIB1N Upcoming Earnings
Grupo Cibest's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
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.Company Guidance
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%.
Strong NIM and Net Interest Income Expansion
Net interest income increased 16.5% quarter-over-quarter. Consolidated NIM expanded by 91 basis points to 7.9% (from 7.0%), lending NIM rose to ~8.3% (from 7.8%) and investment NIM improved materially (from 1.8% to 6%).
Loan Growth and Portfolio Dynamics
Gross loan portfolio was almost flat quarter-over-quarter (expected), representing 5.7% year-over-year growth (9.6% net of FX). Mortgage loans grew 1.8% q/q and 12% y/y; consumer loans +0.5% q/q and +7.4% y/y, supported by vehicle lending, Nequi and credit cards.
Deposit and Funding Resilience
Deposits increased 7% year-over-year (12% net of FX) and were broadly stable q/q (-0.2% q/q / +1.2% net of FX). Savings account growth drove deposit inflows and the group maintained a diversified, low-cost funding mix with 57% of funding from side deposits.
Improved Asset Quality and Lower Provisions
Net provision expense fell 17% quarter-over-quarter to COP 1 trillion and the quarterly annualized cost of risk declined to 1.6%, supported by recoveries and stable portfolio performance across geographies.
Efficiency Gains and Expense Control
Operating expenses declined 10% quarter-over-quarter (benefitting from a prior-quarter wealth tax recognition) and only rose 1.9% year-over-year. Consolidated cost-to-income ratio improved to 43%; BAM efficiency ratio improved to 42.2% (from 44.5%) and Banco Agrícola to 47% (from 47.9%).
Digital Ecosystem Momentum (Nequi, Wompi, Wenia)
Nequi monetized user base reached 18 million with an activity ratio of 81.6%. Nequi deposits hit COP 7.6 trillion (+12% q/q) and its loan portfolio reached COP 2.2 trillion (+14% q/q). Wompi and Wenia expanded payments and digital asset capabilities, supporting ecosystem monetization.
Capital Management and Shareholder Returns
Shareholders' equity grew 4.8% q/q. Bancolombia stand-alone CET1 was 12.1% and total solvency 13.9% as of June. Company executed share buybacks (~7 million shares, COP 967 billion over 12 months) and proposed an extraordinary dividend of COP 1.2 trillion from Banistmo sale proceeds.
Upgraded Guidance
Management raised NIM guidance to 7.4%–7.6% and ROE guidance to 21%–22% for 2026 while maintaining loan growth guidance at 7%–8% and cost of risk guidance at 1.6%–1.8%.
Strategic M&A and Corporate Actions
Completed acquisition of 100% of Avista Colombia (payroll lending) to expand low-risk lending capabilities and announced Nequi will operate as an independent financial entity under the holding from Sept 1, 2026, enabling focused strategy execution.
MX:CIB1N 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