Grupo Aval Acciones y Valores SA Pfd (AVAL)
NYSE:AVAL
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.11Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: operationally and strategically Grupo Aval demonstrated multiple positives — completion of the MFG sale, strong deposit growth, loan growth (notably mortgages), improving asset quality, solid AUM and fee growth in nonbank businesses, regulatory progress for payments platform, and clear efficiency initiatives and guidance. However, profitability was materially affected by a one‑time equity tax (COP 312 billion, COP 210 billion net income impact), margin pressure from a tighter monetary cycle (policy rate hikes to 11.25%), higher funding costs and some market share erosion in specific consumer products. Management framed the results as an underlying improvement once the one‑time tax is excluded and highlighted medium‑term strategic actions to offset margin and cost pressures. Overall, positives and strategic momentum are evident but near‑term earnings and margin headwinds from the tax and macro environment temper the outlook.Company Guidance
Completion of MFG Sale and Strategic Leadership Change
Banco de Bogotá completed the sale of 99.57% of Multi Financial Group (MFG) on March 18, 2026 for USD 464 million, strengthening capital position; appointment of Juan Carlos Echeverry Garzon as incoming CEO of Banco de Bogotá to drive strategic execution.
Attributable Net Income (Underlying)
Reported attributable net income was COP 336–337 billion (down 2.3% YoY). Excluding a one-time equity tax impact, net income from continuing operations would have been COP 561 billion, and ROAE would have been ~12% (vs reported 7.4%).
Deposit and Funding Growth
Total deposits reached COP 216.8 trillion, up 11.7% year‑over‑year; savings deposits grew 17.8% YoY and 6.2% quarter‑over‑quarter, improving retail funding mix and raising deposits-to-net-loans to 116%.
Loan Book Expansion and Mortgage Momentum
Gross loans reached COP 193.6 trillion, up 6% YoY. Mortgages rose 16.8% YoY and 3.5% QoQ; personal loans grew 14.1% YoY (personal loan share expansion supported by planned Itau consumer acquisition).
Asset Quality Improvement
90‑day past‑due loans (PDLs) improved to 3.13% (‑16 bps QoQ, ‑68 bps YoY); 30‑day PDLs at 4.3% (‑7 bps QoQ, ‑94 bps YoY); Stage 1 loans increased to 90.3% of portfolio (from 89.0% a year earlier); 90‑day coverage ratio strengthened to 137% (from 134%).
Nonbank Business Performance — Aval Fiduciaria
Aval Fiduciaria AUM reached COP 206.5 trillion (+4.2% QoQ) with revenue from commissions up 12.5% to COP 151.4 billion; ROE of 33% and net income of COP 22 billion; cost-to-income improved ~10 percentage points to 65%.
Payments & Tech Progress — GOU Payments
GOU Payments obtained regulatory certification and central bank authorization, running controlled pilots (120+ users) and progressing with 635 corporate clients in integration pipeline and 22,000 active AvalPay agreements, positioning for near‑term revenue ramp.
Operational Efficiency Initiatives and Cost Targets
Shared service center rollout underway to capture synergies across procurement, property management, payroll and recruiting; controllable spend base of COP 1.4 trillion with 2026 savings goal of COP 62 billion and projected COP 32 billion in Q4 contractual renegotiation savings (~9% annual savings rate on controllable spend).
Quarterly NII and QoQ NIM Recovery
Net interest income reached COP 2.2 trillion (up 14.3% QoQ); consolidated NIM increased 39 bps QoQ to 3.34%, and banking segment total NIM expanded 31 bps QoQ to 4.15% (though YoY comparison weaker).
Clear 2026 Financial Guidance
Management guided 2026 targets: consolidated loan growth ~9.5% (commercial ~6.5%, retail ~14%), consolidated NIM ~3.9%, banking segment NIM ~4.8%, net cost of risk ~1.9%, cost-to-assets ~2.85%, and ROAE in the ~9.25% area (incorporating equity tax impact).
Grupo Aval Acciones y Valores SA Pfd (AVAL) Earnings, Revenues Date & History
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
AVAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $4.41 | $4.21 | -4.54% |
Feb 25, 2026 | $4.36 | $4.34 | -0.46% |
Nov 14, 2025 | $4.13 | $4.04 | -2.13% |
Aug 14, 2025 | $3.10 | $3.08 | -0.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grupo Aval Acciones y Valores SA Pfd (AVAL) report earnings?
Grupo Aval Acciones y Valores SA Pfd (AVAL) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Grupo Aval Acciones y Valores SA Pfd (AVAL) earnings time?
Grupo Aval Acciones y Valores SA Pfd (AVAL) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is AVAL EPS forecast?
AVAL EPS forecast for the fiscal quarter 2026 (Q2) is 0.12.