| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 76 | 11.5x | 17.8x | Top tier | |
Growth | 18 | 4.2% | 7.1% | Bottom tier | |
Quality | 90 | — | — | Top tier | |
Safety | 17 | — | — | Bottom tier | |
Capital Return | — | — | 2.12% | N/A | |
Momentum | 100 | 79.8% | 2.9% | Top tier | |
Sentiment | 82 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Grupo Cibest S.A. is a financial services group operating primarily through Bancolombia, alongside BAM, Banco Agricola, and the digital platforms Nequi, Wompi, and Wenia. Its revenue model relies on net interest income from loans and the investment portfolio, as well as fees from cards, payments, bancassurance, and digital services; in fiscal Q2 2026, net interest income rose 16.5% quarter over quarter, while net fee income increased 9.8% quarterly and 17.7% annually.
According to the provided financial statements, the company recorded revenue of $11,498.8 billion, gross profit of $7,427.9 billion, and net income of $2,523.3 billion in fiscal Q2 2026, representing a gross profit margin of approximately 64.6% and a net income margin of approximately 21.9%. During the earnings call, management reported that accounting net income for the quarter reached COP 2.7 trillion, up 87% quarter over quarter, with annualized return on equity of approximately 29% and a net interest margin of 7.9%.
Loan portfolio growth was nearly flat quarter over quarter, but reached 5.7% annually and 9.6% excluding currency effects; mortgages increased 12% annually and consumer loans rose 7.4%, while commercial loans remained stable quarter over quarter. Meanwhile, earnings benefited from the reallocation of liquidity toward fixed-income investments, as the group’s investment margin increased from 1.8% to 6% during fiscal Q2 2026, alongside deposit growth of 7% annually and 12% excluding currency effects.
The analyst consensus is Buy, with an average price target of $97.33 and a target range of $72 to $110. The average target is approximately 6% below the 52-week range high of $103.50, while the wide gap between the lowest and highest targets reveals uncertainty about the sustainability of investment margins and credit quality; no valid price-to-earnings ratio is available in the provided data to offer an additional valuation anchor.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Accounting net income reported during the call reached COP 2.7 trillion, up 87% quarter over quarter, while annualized return on equity reached approximately 29%. Net interest income rose 16.5% quarter over quarter as the lending margin widened to 8.3% and the investment margin reached 6%. Provisions also declined 17% to COP 1 trillion, while net fee income increased 9.8% quarter over quarter and 17.7% annually.
Management is targeting loan growth of between 7% and 8% in fiscal 2026. It raised net interest margin guidance to 7.4%–7.6% and return on equity guidance to 21%–22%. It also maintained its expected cost of risk at 1.6%–1.8% and expects an efficiency ratio of approximately 48%.
The number of revenue-generating Nequi users reached 18 million, while the activity rate was 81.6% in fiscal Q2 2026. Deposits rose 12% quarter over quarter to COP 7.6 trillion, and loans grew 14% to COP 2.2 trillion. Total income reached COP 492 billion, up 16% quarter over quarter, while financial income grew 19% and net fees increased 10%.
Automated analysis for informational purposes only — not investment advice.
The asset-sensitive balance sheet benefits from loan repricing as the policy rate rises, and the lending margin increased from 7.8% to 8.3% in fiscal Q2 2026. Management explained that each 100-basis-point rate increase now adds approximately 25 basis points to the margin, compared with around 20 basis points previously following the sale of Banistmo. Meanwhile, the cost of deposits rose from 4% to 4.4%, and a later reversal of the interest-rate cycle could reduce this support for margins.
The cost of risk was 1.6% in fiscal Q2 2026, while 30- and 90-day nonperforming loan ratios remained broadly stable. Nevertheless, pressures emerged in credit cards, personal loans, and mortgages, while Stage 2 loans increased modestly among commercial clients exposed to currencies and the El Nino phenomenon. Management identified the earthquake, El Nino, and the impact of the strong peso on exporters as the three main risks for the second half of fiscal 2026 and fiscal 2027.
Grupo Cibest completed the acquisition of 100% of Avista Colombia in August 2026. The transaction is intended to strengthen payroll-linked lending capabilities, which management described as a low-risk segment with growth and cross-selling potential. Management sees an opportunity to combine Avista’s technology and operating model with Bancolombia’s funding advantages to improve profitability and potentially expand the platform in Central America.
