Grupo Cibest (CIB) investor relations material

Executive summary

• Net income attributable to shareholders reached COP 2.73 trillion, up 87.38% sequentially and 52.42% year-over-year, with a historic quarterly ROE of 28.7%–28.73% and NIM close to 8%, driven by resilient asset quality, efficiency gains, and transactional activity.

• Strategic initiatives included the Banistmo divestment, BAM's turnaround, Nequi's growing contribution, and the acquisition of Avista Colombia to strengthen payroll lending.

• The group completed a share buyback program, with 20.5% of the 2026 program repurchased by June 2026, and proposed a COP 1.2 trillion extraordinary dividend, reflecting strong capital management.

• Nequi's digital ecosystem expanded, with 23.5 million active accounts and plans to operate as an independent entity from September 2026.

• Operational efficiency and value creation were demonstrated through portfolio optimization, capital actions, and digital growth.

Financial highlights

• Net income rose to COP 2.7 trillion, up 87% quarter-over-quarter and 52.4% year-over-year; annualized ROE reached 28.7%–29%.

• Net interest income increased 16.5% sequentially and 23.8% year-over-year to COP 6.04 trillion; NIM at 7.94%.

• Net fee income grew 9.8% sequentially and 17.7% year-over-year.

• Operating expenses declined 10% quarter-over-quarter and 1.89% year-over-year, with an efficiency ratio of 42.8%.

• Deposits increased 7.1% year-over-year (12% net of FX), outpacing loan growth; gross loan portfolio reached COP 262.3 trillion.

Outlook and guidance

• 2026 guidance: loan growth 7%–8%, NIM 7.4%–7.6%, cost of risk 1.6%–1.8%, efficiency ratio around 48%, ROE 21%–22%.

• 2027 loan growth expected in the upper part of the 2026 range, with double-digit growth in mortgages and consumer, and around 8% in commercial loans.

• Macroeconomic assumptions: GDP growth 2.6%, inflation 6.4%, policy rate 12.75%.

• Focus remains on strategic markets, digital expansion, and value creation post-Banistmo divestment.

• Macroeconomic stabilization in Colombia and Central America supports cautious optimism.