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Bancolombia SA (CIB)
:CIB
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.63Last Year’s EPS
1.78Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 6.79%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Bancolombia S.A. demonstrated strong financial performance with improved ROE, increased net income, and effective cost control, despite some challenges such as NIM compression and underperformance in Banistmo. The macroeconomic environment showed positive trends, including reduced inflation and economic growth, supporting a favorable outlook.Company Guidance
During Bancolombia S.A.'s fourth quarter 2024 earnings call, the company provided comprehensive guidance for 2025. Bancolombia anticipates a consolidated loan growth of 5.6%, slightly below previous projections, attributing the adjustment to SAFE's loan growth in the previous quarter. The net interest margin is projected to be around 6.2%, dependent on the central bank's rate-cutting pace. The cost of risk is expected to range between 1.9% and 2.1%, while the efficiency ratio is anticipated to be approximately 51%. The bank also forecasts a return on equity of around 14% and a core equity tier one ratio between 11% and 11.5%. Additionally, Bancolombia announced a proposed dividend of approximately 3.8 trillion pesos, representing a 10.3% year-over-year increase and a payout ratio of 60%, with the dividend to be paid in a single installment of 3,900 pesos per share on April 1, 2025. The call also highlighted progress towards establishing Grupo Sura as the new holding company, with regulatory approvals obtained from Central American regulators and ongoing processes with the Colombian regulator, aiming for completion by the second quarter of 2025.Net Income and Loan Growth
Net income for the quarter amounted to 1.7 trillion pesos, reflecting an 11% increase due to resumed loan growth and a significant reduction in provision expenses.
Return on Equity (ROE) Improvement
Overall, the return on equity for the quarter increased to 15.7%. Net income for the year was 6.3 trillion pesos, a 2.5% increase, boosting shareholders' equity by 14.3% and resulting in a 15.8% ROE.
Proposed Dividend Increase
A proposed dividend amounting to approximately 3.8 trillion pesos, representing a 10.3% year-over-year increase, achieving a payout ratio of 60%.
Macroeconomic Performance
The Colombian economy expanded at an annual rate of 1.7% in 2024. Inflation continued its downward trend, reaching 5.2% by year-end.
Digital and Multichannel Platform Expansion
Launched the Tuz Jabbas program, enhancing interoperability and financial inclusion. Bancolombia S.A. now serves 6 out of 10 Colombians, managing 33% of the country's payrolls.
Improvement in Asset Quality
Loan deterioration decreased, with net provision expenses falling by 41% quarter over quarter and the cost of risk for the year reaching 2.1%.
Sustainability Initiatives
Bancolombia S.A. scored 85 out of 100 in the Dow Jones Sustainability Index and ranked first in America.
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CIB 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
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CIB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $41.09 | $41.52 | +1.05% |
| Nov 07, 2024 | $31.97 | $31.41 | -1.75% |
| Aug 08, 2024 | $30.00 | $30.00 | 0.00% |
| May 09, 2024 | $31.54 | $31.68 | +0.44% |
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.
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FAQ
When does Bancolombia SA (CIB) report earnings?
Bancolombia SA (CIB) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Bancolombia SA (CIB) earnings time?
Bancolombia SA (CIB) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIB EPS forecast?
CIB EPS forecast for the fiscal quarter 2025 (Q1) is 1.63.
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