Grupo Cibest S.A.CIB
Mentioned
Impact on stocks 2
Financials
Grupo Cibest S.A.
HSBC Holdings PLCHSBA
Mentioned
Grupo Cibest reported net income of COP2.7 trillion in Q2 2026, up 87% quarter-over-quarter, driving a historic quarterly return on equity of 28.7% and an annualized ROE of 29%. Net interest margin expanded by 91 basis points to 7.9%, while cost of risk declined to 1.6% and operating expenses fell 10% quarter-over-quarter. The company raised its 2026 guidance, lifting NIM to 7.4%-7.6% and ROE to 21%-22%, while maintaining loan growth at 7%-8% and cost of risk at 1.6%-1.8%. Bancolombia's stand-alone common equity Tier 1 ratio stood at 12.1%, and the group repurchased more than 7 million shares for COP967 billion over the last 12 months. Management highlighted the successful Avista Colombia acquisition and strong growth in Nequi's digital ecosystem, with monetized users reaching 18 million and deposits up 12% quarter-over-quarter.
Grupo Cibest S.A.HSBC Holdings PLC