Analyst Consensus ?
ConsensusHold15 ratings
Bullish746.7%
Neutral533.3%
Bearish320.0%
Grupo Cibest S.A. · CIB · FY2024 Q1 · Calendar Q2 2024
Bancolombia maintains guidance as digital initiatives expand
Bancolombia’s quarter combined improved profitability with modest loan growth. The evidence supports a cautiously constructive view: digital initiatives and lower credit costs are positives, but macroeconomic, asset-quality and margin risks remain.
Reported After market closeNYSEFinancial Services
$23.14B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.80
Consensus $1.47
EPS surprise
+22.4%
Reported versus consensus
Reported revenue
$11147.74B
Consensus $1.78B
Revenue surprise
+626399.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.4%
Event window
SPY move
+0.1%
Same window
Abnormal move
+0.3%
Stock minus SPY
Volume
0.7×
Versus trailing sessions
Subsequent drift
+1.6%
Up to 20 sessions
CIBSPY benchmark
Ask FN2 about CIB FY2024 Q1
Transcript, numbers and history already loaded
Why did CIB rise 0.4% after beating EPS estimates in FY2024 Q1?What changed in CIB's guidance and outlook in FY2024 Q1?Give me the bull and bear case for CIB after FY2024 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current call highlighted the launch of Wenia, growth in the 1P acquiring app and a sharp quarter-over-quarter reduction in cost of risk. Management’s 2024 guidance remained unchanged, while tone became more cautious around demand, regulation and macroeconomic conditions.
Guidance delta
Management maintained 2024 guidance for 8% loan growth, 6.8% NIM and 14% ROE.
Key takeaways
- Loan growth remains modest, constrained by currency appreciation and weak consumer demand.
- Cost of risk fell sharply quarter over quarter, supporting profitability and efficiency.
- Wenia, 1P and NEQUI are central to the bank’s digital and fee-income strategy.
Management priorities
- Scale Wenia digital-asset services for Colombian residents
- Roll out the 1P acquiring solution and open-banking API integrations
- Maintain the 8% 2024 loan-growth target while expanding ESG-linked lending
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$98Current
$34Low
$77.4Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Overweight | Downgrade | Sep 16, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 13, 2026 |
| B of A Securities | Neutral | Underperform | Upgrade | Jun 1, 2026 |
| UBS | Neutral | Neutral | Maintain | Apr 23, 2026 |
| Itau BBA | Underperform | Market Perform | Downgrade | Feb 26, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jan 22, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Jan 28, 2025 |
| Credit Suisse | Outperform | Neutral | Upgrade | Aug 2, 2022 |
| HSBC | Buy | Hold | Upgrade | Feb 26, 2020 |
| Santander | Underperform | Hold | Downgrade | Nov 19, 2018 |
| Standpoint Research | Accumulate | Hold | Upgrade | Mar 7, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 22, 2016 |
| Barclays | Underweight | Underweight | Maintain | Mar 24, 2016 |
| Bank of America | Neutral | Buy | Downgrade | Mar 14, 2016 |
| BTG Pactual | Buy | Buy | Maintain | Feb 4, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $110 | $95.79 | +12.2% | Aug 13, 2026 |
| RBC Capital | Analyst unavailable | $110 | $91.47 | +12.2% | Aug 11, 2026 |
| Goldman Sachs | Analyst unavailable | $98 | $87.93 | +0.0% | Jul 28, 2026 |
| UBS | Analyst unavailable | $72 | $73.65 | -26.5% | Apr 23, 2026 |
| Goldman Sachs | Analyst unavailable | $69 | $70.92 | -29.6% | Jan 13, 2026 |
| Banco Santander | Andres Soto | $61 | $61.83 | -37.8% | Dec 17, 2025 |
| Bank of America Securities | Ernesto Gabilondo | $34 | $33.12 | -65.3% | Aug 29, 2024 |
Track every rating change on CIB the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationGrupo Cibest SA functions as an investment holding enterprise, with its headquarters situated in Medellin, Colombia.
Historical context
All CIB earningsFinancial Services peers this season
Latest reports in the same sector
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the CIB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-26T03:40:40.544372+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T03:40:40.541283+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.