Grupo Cibest SA CIB

FinancialsBanking ServicesColombia

Last close 92.02 USD on Nov 1, 2026, +54.2% year to date

Quant rating

Quant rating A Rank 9 of 304 in Financials

Growth A 16 of 304
Valuation B 46 of 304
Quality C 149 of 304
Revisions A 6 of 304
Momentum A 7 of 304

Wall Street consensus Hold (2.88)Average target 90.14 USD −2.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 24.4B
Enterprise value: 24.2B
52-week range: 57.13 – 104.18
3-year range: 25.65 – 104.18
Dividend yield: 6.01%
Beta (5 years): 0.78
Shares outstanding: 945M
Next earnings: Nov 9, 2026

About the company

Grupo Cibest SA is a Colombia-based holding company that operates primarily in the financial services sector. The company is the parent entity of Bancolombia SA and oversees a broad ecosystem of financial and non-financial businesses across Colombia, Latin America, and the Caribbean. Grupo Cibest provides a comprehensive suite of banking and financial products through its subsidiaries, including personal, automobile, and education loans, credit and debit cards, securities brokerage, fund transfers, leasing, foreign trade financing, insurance, and pension fund services. It operates through various segments such as Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, and Offshore services Grupo Cibest plays a pivotal role in the region’s financial infrastructure, serving a diverse clientele that includes individuals, corporations, institutions, and government entities.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	8,361	8,075	9,607	5,529	3,969	–
Revenue growth	3.5%	−16.0%	73.8%	39.3%	−18.8%	11.3%
EPS (basic, normalized)	2.52	1.59	1.62	1.44	1.01	–
EPS growth	58.5%	−2.2%	12.9%	42.3%	1,020.3%	94.6%
Gross margin	–	–	–	–	–	–
Net margin	16.1%	9.4%	16.4%	25.3%	25.3%	18.5%
ROE	–	15.5%	15.8%	19.5%	13.7%	16.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	5,197
Net debt (mil)	–
Total equity (mil)	11,201
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	8,361	+3.5%	2.9x	–	–	–	6.30	−1.7%	14.6x
2026	14,672	+75.5%	1.6x	13,889.77	–	0.0x	9.85	+56.3%	9.3x
2027	15,662	+6.7%	1.5x	15,360.62	+10.6%	0.0x	10.96	+11.3%	8.4x
2028	19,346	+23.5%	1.3x	17,025.63	+10.8%	0.0x	10.99	+0.3%	8.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	14,672	+9.3%	+74.1%	+79.2%	9.85	+2.3%	+10.1%	+16.5%
2027	15,662	+9.2%	+72.0%	+76.8%	10.96	+2.4%	+12.8%	+17.6%
2028	19,346	+14.5%	+94.2%	+101.6%	10.99	+2.5%	+7.3%	+9.6%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,318	1,740	1,258	1,155	2,010	2,055	2,153	940	1,988	2,358
Sales mean (mil)	1,844	1,796	1,624	4,411	1,699	1,689	1,707	1,866	2,118	2,213
Surprise	−28.5%	−3.1%	−22.5%	−73.8%	+18.3%	+21.7%	+26.1%	−49.6%	−6.1%	+6.6%
EPS reported	1.77	1.53	1.52	1.59	1.73	1.37	1.76	1.45	1.66	3.17
EPS mean	1.52	1.47	1.43	1.39	1.63	1.66	1.72	1.94	1.75	2.42
Surprise	+16.3%	+3.7%	+6.4%	+14.4%	+5.8%	−17.5%	+2.2%	−25.7%	−4.8%	+30.8%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
CIB Grupo Cibest SA	24.4B	–	16.1%	1.09x	9.3x	8.4x	0.0x	0.0x
ITUB Itau Unibanco Holding SA	83.9B	–	17.6%	1.08x	8.1x	7.4x	1.9x	1.7x
NA National Bank of Canada	57.5B	15.1%	18.1%	1.41x	16.0x	14.6x	2.5x	2.4x
NU Nu Holdings Ltd.	56.1B	–	18.2%	–	13.4x	10.3x	3.6x	2.7x
UOVEY United Overseas Bank Limited	53.7B	–	22.2%	1.31x	12.7x	12.1x	–	–
SWDBY Swedbank AB	44.7B	–	39.2%	0.72x	14.0x	12.4x	2.0x	1.9x
Mean		15.1%	21.9%	1.12x	12.3x	10.9x	2.0x	1.7x
Median		15.1%	18.1%	1.09x	13.0x	11.2x	2.0x	1.9x

Technical analysis

1M+1.1%
3M+6.5%
1Y+72.9%
3Y+382.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Grupo Cibest SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	8,361	8,075	9,607	5,529	3,969	4,888
Total interest expense	3,203	3,413	4,304	1,742	1,070	1,717
Net interest income	5,158	4,662	5,303	3,787	2,899	3,170
Loan loss provision	1,176	1,239	1,927	782	595	2,204
Net interest income after loan loss provision	3,982	3,423	3,376	3,004	2,303	966
Non-interest income	3,237	2,531	2,894	1,872	1,878	1,932
Non-interest expense	−4,627	−3,965	−4,166	−2,866	−2,710	−2,808
Net income before taxes	2,591	1,990	2,104	2,010	1,472	90.4
Provision for taxes	746	543	499	567	437	−1.9
Minority interest & equity in affiliates	−32.1	−22.2	−25.3	−43.9	−29.8	−11.5
Other	0	0	0	0	0	0
Net income before extraordinary items	1,813	1,424	1,580	1,400	1,005	80.8
Extraordinary items	−798	–	–	–	–	–
Net income	1,015	1,424	1,580	1,400	1,005	80.8
Basic weighted average shares (mil)	509	510	962	962	962	962
Diluted weighted average shares (mil)	509	510	962	962	962	962
Basic EPS excluding extraordinary items	2.64	1.49	1.64	1.46	1.05	0.08
Basic EPS, normalized	2.52	1.59	1.62	1.44	1.01	0.09

Balance sheet in millions of USD, fiscal years

Balance sheet, Grupo Cibest SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	6,056	5,652	7,224	5,100	5,694	5,912
Other earning assets	12,174	11,011	11,298	8,217	8,345	10,505
Net loans	64,553	59,808	61,387	52,495	50,292	51,192
Property, plant & equipment	3,540	3,009	3,322	2,589	2,442	2,578
Goodwill	517	2,049	2,019	2,029	2,003	2,054
Intangibles	157	170	173	124	119	145
Long-term investments	879	665	774	602	669	734
Other long-term assets	11,168	174	177	158	184	198
Other assets	1,795	2,018	2,178	1,476	1,549	1,531
Total assets	100,839	84,557	88,553	72,790	71,298	74,848
Liabilities
Accounts payable	1,578	1,224	1,653	1,230	966	904
Payable/accrued	–	–	–	–	–	–
Accrued expenses	118	97.2	102	74.2	86.6	91.3
Total deposits	70,220	63,557	64,303	52,008	52,157	53,180
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	180	241	–	–	–	649
Current portion of long-term debt	916	2,137	2,053	2,316	1,928	1,527
Long-term debt	4,043	4,551	6,384	6,299	5,955	8,059
Minority interest	330	237	248	187	416	460
Other liabilities	12,898	2,622	3,975	2,612	1,860	2,203
Total liabilities	90,283	74,665	78,717	64,726	63,369	67,074
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	128	109	124	99.2	118	141
Additional paid-in capital	1,290	1,103	1,254	1,002	1,195	1,423
Retained earnings (accumulated deficit)	8,134	7,169	7,405	5,363	5,417	5,277
Treasury stock	–	–	–	–	–	–
Other equity	1,005	1,510	1,052	1,601	1,199	934
Total equity	10,556	9,892	9,836	8,065	7,929	7,774
Total liabilities & shareholders' equity	100,839	84,557	88,553	72,790	71,298	74,848

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Grupo Cibest SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,047	1,446	1,605	1,443	1,035	92.4
Depreciation, depletion & amortization	280	230	280	196	210	216
Deferred taxes	–	–	–	–	–	–
Non-cash items	−4,043	−3,861	−4,750	−3,160	−2,574	−3,405
Changes in working capital	5,971	2,284	7,811	2,875	2,828	6,386
Cash from operations	3,255	99.0	4,946	1,354	1,499	3,289
Investing activities
Capital expenditures	−596	−464	−623	−730	−538	−448
Other investing cash flows	7.5	337	582	−230	378	−1,755
Cash from investing	−588	−127	−41.2	−960	−160	−2,203
Financing activities
Financing cash flow items	−4.8	−4.4	−10.7	−7.7	0	−12.1
Cash dividends paid	−1,380	−772	−852	−477	−115	−456
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−805	−1,324	−540	660	−1,560	−972
Cash from financing	−2,190	−2,100	−1,402	176	−1,675	−1,440
Foreign exchange effects	−320	548	−1,397	733	736	343
Net change in cash	157	−1,580	2,106	1,303	401	−10.8
Free cash flow	2,659	−365	4,323	624	962	2,841

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.