Grupo Cibest S.A. (CIB)
NYSE:CIB
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Grupo Cibest
(NYSE:CIB)
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Rating:64Neutral
Price Target:
$70.00
â–¼(-12.02% Downside)
Action:Downgraded
Date:05/11/26
The score is supported by solid financial fundamentals (improving margins/ROE and lower leverage) and reasonable valuation. It is held back by weak technical momentum (below key moving averages with negative MACD) and meaningful near-term risk factors from the earnings call, including higher provisioning/cost of risk and macro/sovereign pressures, despite upgraded NIM/ROE guidance.
Positive Factors
Improving margins and ROE
Sustained margin expansion and a ~17% ROE signal durable operating profitability and strong return on equity. Higher underlying margins support internal capital generation, funding for investment/dividends, and resilience to moderate top-line volatility over the next several quarters.
Negative Factors
Elevated provisioning / cost of risk
Cost of risk running above guidance indicates rising credit stress and higher expected loan losses. If elevated persistently, provisions will depress net income, require higher capital buffers or tighter underwriting, and can constrain loan growth and margin stability over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving margins and ROE
Sustained margin expansion and a ~17% ROE signal durable operating profitability and strong return on equity. Higher underlying margins support internal capital generation, funding for investment/dividends, and resilience to moderate top-line volatility over the next several quarters.
Read all positive factors
Grupo Cibest (CIB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.79B
Dividend Yield10.29%
Average Volume (3M)300.47K
Price to Earnings (P/E)10.9
Beta (1Y)0.44
Revenue Growth-0.51%
EPS Growth-19.76%
CountryUS
Employees34,182
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)30367.52
Shares Outstanding111,362,236
10 Day Avg. Volume293,352
30 Day Avg. Volume300,469
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)1.44
Price to Sales (P/S)1.33
P/FCF Ratio5.71
Enterprise Value/Market Cap3.24K
Enterprise Value/Revenue1.26
Enterprise Value/Gross Profit2.15
Enterprise Value/Ebitda5.09
Forecast
1Y Price Target
$70.40Price Target Upside-11.51% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering5
EPS Forecast (FY)8.42
Revenue Forecast (FY)$8.23B
Grupo Cibest Business Overview & Revenue Model
Company Description
Grupo Cibest SA operates as an investment holding company. The company is headquartered in Medellin, Columbia....
Grupo Cibest Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveys a cautiously positive operational performance: revenue drivers (NII, NIM expansion, fee income), deposits outpacing loans, digital monetization (Wompi breakeven, Nequi growth), and improved regional profitability support a constructive view. However, the quarter was affected by a one-off wealth tax, higher provisioning (cost of risk above guidance), short-term delinquencies in some retail segments, a decline in holding-level equity after large dividend distribution, and meaningful macro and sovereign headwinds (higher inflation, rising policy rates, fiscal deficit and a sovereign downgrade). Management maintained or tightened guidance on key metrics (NIM up, ROE guidance increased) and laid out capital deployment plans, which offsets some capital/one-off concerns. Overall, positives in core operations and strategic digital progress outweigh near-term headwinds but with notable risks to monitor (macroeconomic pressure, provisions and holding-level capital impacts).Positive Updates
Solid Net Interest Income and NIM Expansion
Net interest income increased 7% quarter-over-quarter. Lending NIM rose from 7.6% to 7.8% and overall NIM expanded 20 basis points to 7.0% (from 6.8%), driven by higher balances and repricing in Colombia and higher yields in the investment portfolio.
Negative Updates
One-off Wealth Tax Impact and Lower Reported Net Income
Net income for Q1 was COP 1.5 trillion, down 16% YoY mainly due to a one-off wealth tax accrual of COP 374 billion; normalized net income would be COP 1.8 trillion if the wealth tax is excluded.
Read all updates
Q1-2026 Updates
Positive
Negative
Solid Net Interest Income and NIM Expansion
Net interest income increased 7% quarter-over-quarter. Lending NIM rose from 7.6% to 7.8% and overall NIM expanded 20 basis points to 7.0% (from 6.8%), driven by higher balances and repricing in Colombia and higher yields in the investment portfolio.
Read all positive updates
Company Guidance
The company reaffirmed its 2026 guidance and updated several items: consolidated loan growth 7–8%, NIM 7.0–7.2%, cost of risk 1.6–1.8% (Q1 annualized cost of risk was 1.9% and management expects year‑end toward the upper part of the range), efficiency target ~49% (49.5% excl. the one‑off wealth tax), and ROE lifted to 19.5–20%; macro assumptions include GDP growth of 2.9%, inflation of 6.4% and a year‑end policy rate of 12.75%; separately, Nequi guidance is loans +50%, deposits +10% and total income +40% for 2026.Grupo Cibest Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.92T | 42.91T | 45.18T | 32.69T | 21.69T |
| Gross Profit | 26.22T | 22.43T | 21.05T | 20.45T | 14.92T |
| EBITDA | 8.92T | 9.77T | 9.23T | 10.69T | 6.84T |
| Net Income | 6.78T | 6.27T | 6.12T | 6.78T | 4.09T |
Balance Sheet | |||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 22.78T | 30.06T | 36.13T | 28.77T | 24.54T |
| Total Debt | 19.36T | 29.91T | 32.56T | 41.17T | 31.46T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 39.71T | 43.54T | 38.09T | 39.09T | 32.23T |
Cash Flow | |||||
| Free Cash Flow | 10.01T | -1.61T | 16.74T | 2.80T | 4.42T |
| Operating Cash Flow | 12.26T | 435.89B | 19.15T | 6.34T | 6.60T |
| Investing Cash Flow | -2.22T | -559.20B | -159.69B | -4.65T | -650.49B |
| Financing Cash Flow | -8.25T | -9.24T | -5.43T | 853.44B | -6.81T |
Grupo Cibest Technical Analysis
Negative
79.56
Price Trends
69.44
Negative
71.05
Negative
62.80
Positive
Market Momentum
-2.13
Positive
36.83
Neutral
23.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIB, the sentiment is Negative. The current price of 79.56 is above the 20-day moving average (MA) of 67.14, above the 50-day MA of 69.44, and above the 200-day MA of 62.80, indicating a neutral trend. The MACD of -2.13 indicates Positive momentum. The RSI at 36.83 is Neutral, neither overbought nor oversold. The STOCH value of 23.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CIB.
Grupo Cibest Risk Analysis
Grupo Cibest disclosed 38 risk factors in its most recent earnings report. Grupo Cibest reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The Bank is subject to a wide range of cybersecurity incidents. Q4, 2023
Grupo Cibest Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $9.01B | 10.09 | 10.42% | 2.38% | 49.78% | 46.17% | |
73 Outperform | $25.16B | 11.42 | 19.66% | 4.82% | 22.61% | 34.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $16.79B | 10.86 | 17.47% | 10.29% | -0.51% | -19.76% | |
64 Neutral | $14.43B | 13.38 | 20.90% | 4.29% | -3.09% | 2.72% | |
58 Neutral | $18.36B | 15.60 | 20.11% | 5.56% | -7.31% | -7.03% | |
58 Neutral | $20.14B | 17.87 | 11.11% | 4.98% | 17.17% | -1.33% |
* Financial Sector Average
CIB
Grupo Cibest
64.02
22.55
54.37%
BCH
Banco De Chile
36.48
6.60
22.09%
BSBR
Banco Santander Brasil
5.40
0.34
6.72%
BSAC
Banco Santander Chile
30.54
6.11
25.01%
BAP
Credicorp
303.86
114.09
60.12%
SSB
SouthState Corporation
92.84
4.52
5.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.