Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q3 2025 Earnings Presentation
17 slides from Grupo Cibest's earnings presentation, Nov 7, 2025
Slide 1: Grupo Cibest Bancolombia S.A. Third Quarter 2025 Earnings Results Conference Call
Grupo Cibest Bancolombia S.A. Third Quarter 2025 Earnings Results Conference Call 7 November 2025 CORPORATE PARTICIPANTS Juan Carlos Mora, Chief Executive Officer Laura Clavijo, Chief Economist Mauricio Botero Wolff, Chief Strategy & Financial Officer CONFERENCE CALL PARTI CIPANT S Brian Flores, Cit
Slide 2: Presentation
1 PRESENTATION Operator Good morning, ladies and gentlemen, and welcome to the Grupo Cibest Bancolombia Third Quarter 2025 Earnings Conference Call. My name is Latanya, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Following the prepared rema
Slide 3: Share buyback program and share price performance
2 Also of note, Grupo Cibest´s standalone double leverage ratio was 106%, which implies not only strong creditworthiness but also room for further leverage. Overall, these results demonstrate the effectiveness of our business model and robust operational capabilities. Together with the new corporate
Slide 4: Colombian economy and macro outlook
3 demand, declining inflation, and lower unemployment has outweighed fiscal concerns. Nevertheless, fiscal consolidation remains a key challenge for many countries in the region. The Colombian economy sustained its recovery through the third quarter, supported by robust domestic demand, improving ho
Slide 5: Loan and deposit growth by operation
4 When analyzing by operations on a currency-neutral basis, Bancolombia leads nominal loan growth, followed by BAM and Banco Agrícola. BAM has focused its growth strategy on commercial loans making good progress throughout the year, while growth in mortgage and retail has been moderate. Banco Agríco
Slide 6: Net interest income and NIM
5 securities portfolio, effective liquidity management in short-term money market instruments, and higher income from derivative sales and distribution activities. On the other hand, a 2.3% decline in interest expense partially offset the 1.2% contraction in interest income from loans, despite a mar
Slide 7: Nequi breakeven and asset quality
6 for September. Thus, we remain confident that Nequi will consolidate this trend in the coming months, reaching its first full breakeven quarter by Q1 of 2026. Please go to Slide 19. In line with the positive trend observed throughout the year, asset quality continued to improve during the quarter
Slide 8: ROE, equity and capital ratios
7 Banco Agrícola, representing 7% of total equity, further improved its ROE to 20.1% during the quarter, reaffirming its sustained capacity for value creation. Now, please proceed to Slide 23. Grupo Cibest’s shareholders’ equity rose 2.6% over the quarter, mainly driven by net income generation, whi
Slide 9: Question and answer session: Brian Flores, Citi
8 Thank you. We will now conduct a question and answer session. If you would like to ask a question, please press star, one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star, two if you would like to remove yourself from the queue. Onc
Slide 10: Q&A: Tito Labarta, Goldman Sachs
9 Brian Flores Perfect. Super clear. Thank you. Thank you, team. Juan Carlos Mora Thank you, Brian. Operator The next question comes from Tito Labarta with Goldman Sachs. Please proceed. Tito Labarta Hi, good morning, Juan Carlos, Mauricio. Thank you for the call and taking my questions. Two questio
Slide 11: NIM and efficiency guidance
10 Our guidance for NIM is in a range between 6.3 and 6.5. Our baseline is to maintain the levels of NIM now that the market is incorporating the fact that the central bank may not decrease interest rates as expected. So the range incorporates that reality, whether the central bank decreases interes
Slide 12: Loan growth expectations and asset quality
11 So the levels are coming down because of better behavior, in particular in Colombia and in other countries also. The only case is El Salvador, in which we have higher NPLs. We were expecting that because we are now growing more on consumer loans in El Salvador and the equation between profitabili
Slide 13: Model recalibration and tax rate
12 Thank you, Carlos. It is important to notice that the model recalibration is something that we do on a regular basis. I mean, it's something that at least every year we recalibrate models to—the idea is that the models reflect the risk situation of the different portfolios. So it's not something
Slide 14: Q&A: Yuri Fernandes, JP Morgan
13 Mauricio Botero Wolff Yeah, the exact numbers is out of those 266, 75 are from the countries in Central America, which accounts for approximately 28%.. So it's a good proxy of how the general revenue of Grupo Cibest is. Carlos Gomez Very clear. Thank you. Juan Carlos Mora Thank you, Carlos. Opera
Slide 15: Nequi standalone plans
14 continue. But now we have all the flexibility, all the tools, all the possibilities, and we think the strategic clarity on which ways we should go. Some words about Nequi. We are very, very, very pleased with the evolution of Nequi. Nequi is having a very good performance, particularly on the lon
Slide 16: Q&A: Andres Soto, Santander
15 Andres Soto Good morning, Juan Carlos, Mauricio. Thank you for the presentation. I want to go a little bit deeper on the discussion about Nequi’s revenue and the role of lending. When I see your Slide 18, I see that pretty much at this point what you have is 50% financial income, 50% fee income.
Slide 17: Nequi lending economics and closing
16 continue recalibrating our models and our growth rate will be determined by how we evaluate the performance of the vintages. But so far what we are seeing is that even the new vintages are performing better than the older vintages. So with that economics, with an interest rate around 25%, or 24%,