Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q1 2026 Earnings Presentation
15 slides from Grupo Cibest's earnings presentation, May 5, 2026
Slide 1: Grupo Cibest Bancolombia S.A. First Quarter 2026 Earnings Conference Call
Grupo Cibest Bancolombia S.A. First Quarter 2026 Earnings Conference Call May 5, 2026 CORPORATE PARTICIPANTS Juan Carlos Mora, Chief Executive Officer Laura Clavijo, Chief Economist Mauricio Botero Wolff, Chief Strategy and Financial Officer CONFERENCE CALL PARTI CIPANT S Ernesto Gabilondo, Bank of
Slide 2: Presentation
1 PRESENTATION Operator Good morning, ladies and gentlemen, and welcome to Grupo Cibest Bancolombia First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. During the question-
Slide 3: Capital allocation and share buyback program
2 with proceeds allocated to intragroup capital instruments and digital platform investments to improve efficiency and support growth. These actions reflect our clear commitment to disciplined capital allocation and long-term value creation for our shareholders. Please go to Slide 3. In line with ou
Slide 4: Regional presence and BAM strategy
3 Consequently, the Central Bank began a tightening cycle and has increased its policy rate by 200 basis points thus far. The monetary policy landscape has become increasingly complex in recent months, with tensions surmounting between the Minister of Finance and the Board on account of these rate h
Slide 5: Colombia macroeconomic landscape
4 In Colombia, online time deposits grew 7.7%, driven by a strong demand in the retail segment. They now account for 51% of total time deposits and are a very relevant source of funding due to lower operating costs and better customer experience. At Bancoagrícola and BAM, side deposits were the main
Slide 6: Funding mix and deposit trends
5 originations, cost of risk increased to 13.9% during the quarter. However, the 90-day past-due loan fell to 3.3%, reflecting a normalization in high delinquency collection dynamics, supported by enhanced recovery processes. Please proceed to Slide 17. Nequi continues to make progress in monetizati
Slide 7: Net income and ROE
6 Please turn to Slide 22. Net income reached 1.5 trillion pesos, or 1.8 trillion pesos if we normalize the one- off wealth tax accrual. From an operational perspective, the quarterly and annual results are very strong. As a result, consolidated ROE stood at 15%, with Bancolombia posting a standalon
Slide 8: Q&A on NIMs and sustainable ROE
7 a wider NIM expansion this year because of higher rates. We're just wondering how should we think about interest rates next year and also how should we think about the NIMs trend next year. My last question will be on your sustainable ROE. For this year, you have said ROE could be between 19.5%, 2
Slide 9: Nequi results and separate accounting
8 this year. The numbers that we have regarding Nequi are administrative numbers. We will have separate numbers by the end of the year once Nequi is a separate legal entity. With that, we are very happy with Nequi's results. The dynamics are very positive. The development of Nequi in terms of deposi
Slide 10: Recognition of decree-related valuation
9 Our second decree wasn't. But in net terms, we have a positive result because the first decree was going to account to 800 billion, whereas the second decree accounted for 374 billion pesos. Brian Flores Perfect. Then, Mauricio, just a quick follow-up. You mentioned it should flow or should be rec
Slide 11: Deposit growth and cost of risk
10 liability franchise, I think was a good number. Just trying to understand what is driving more deposits here for the bank. Thank you. Juan Carlos Mora Hi, Yuri. Regarding your first question, the first quarter we need to divide the numbers in different aspects to understand the behavior. First, y
Slide 12: Loan growth by segment
11 Thank you, Yuri. Operator Our next question is from Lindsey Shema with Goldman Sachs. Lindsey Shema Hi, good morning and thank you for taking my question. Just one question from me on loan growth. It seems like commercial loan growth is still really healthy. Just wondering how much of that was co
Slide 13: Colombia and Ecuador trade relations
12 with them to accompany them on that strategy. But still, we need to wait a little bit to consolidate that trend. But definitely, we think in the midterm, it's going to be positive for Colombia. The relationship between the two countries is very strong in terms of the economies they complement. Fo
Slide 14: Banistmo proceeds and BAM profitability
13 the buyback program and additional capital to Nequi, Wompi, and Wenia, but I would like to know if you can provide more information on how you plan to use the proceeds from the Banistmo transaction, taking into account the amount of the transaction. My second question is, could you please give us
Slide 15: Thank you
14 Thank you, everybody, for participating in this conference call. We are really happy with the first quarter results. We see a very positive dynamic with some extraordinary items that we introduced in our results. But we see the year in a positive way. With this, we expect you to participate in ou