Revenue growth remains inconsistent, with net interest income growth fluctuating from a 5.0% increase in 2026Q1 to a 6.1% contraction in 2024Q4, while NIM remains locked at 1.3%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Net Interest Income | 19.59T | 19.31T | 18.76T | 19.8T | 16.99T | 11.31T | 10.61T | 10.68T | 10.06T | 9.94T | 9.15T | 7T | 5.46T | 5.01T | 4.77T | 3.9T | 3.39T | 3.8T | 3.56T | 2.81T | 1.77T | 2.05T | 1.21T | 1.03T | 272.21B | 353.08B | 375.84B | 361.42B | 457.87B |
| NII Growth % | 19.29% | 2.9% | -5.23% | 16.52% | 50.19% | 6.62% | -0.62% | 6.11% | 1.24% | 8.58% | 30.74% | 28.11% | 9.11% | 5.07% | 22.12% | 15.18% | -10.87% | 6.79% | 26.78% | 58.89% | -13.77% | 69% | 18.33% | 276.57% | -22.9% | -6.06% | 3.99% | -21.06% | - |
| Net Interest Margin % | 5.03% | 5.09% | 5.04% | 5.77% | 4.82% | 3.9% | 4.15% | 4.52% | 4.57% | 4.87% | 4.66% | 3.63% | 3.65% | 3.82% | 4.87% | 4.57% | 4.98% | 6.15% | 5.76% | 5.38% | 5.12% | 6.65% | 6.96% | 6.97% | 2.16% | 3.44% | 4.37% | 4.61% | 5.53% |
| Interest Income | 32.57T | 31.7T | 33.79T | 36.47T | 25.43T | 15.67T | 16.47T | 16.86T | 15.73T | 16.17T | 15.21T | 11.04T | 8.63T | 8.13T | 7.66T | 5.95T | 4.96T | 6.43T | 6.31T | 4.81T | 3.01T | 3.2T | 1.8T | 1.49T | 739.26B | 881.55B | 834.45B | 1.12T | 1.38T |
| Interest Expense | 12.98T | 12.39T | 15.02T | 16.67T | 8.44T | 4.35T | 5.86T | 6.18T | 5.67T | 6.23T | 6.05T | 4.04T | 3.16T | 3.12T | 2.89T | 2.04T | 1.57T | 2.63T | 2.75T | 2T | 1.25T | 1.15T | 583.59B | 465.85B | 467.05B | 528.47B | 458.61B | 754.68B | 917.33B |
| Loan Loss Provision | 4.64T | 4.3T | 5.45T | 7.46T | 3.79T | 2.42T | 7.53T | 3.41T | 3.84T | 3.46T | 2.73T | 1.68T | 869.21B | 1.16T | 1.07T | 596.42B | 512.59B | 1.15T | 1.13T | 597.03B | 150.18B | 131.04B | 66.38B | 176.74B | 186.25B | 136.67B | 152.13B | 230.34B | 133.55B |
| Non-Interest Income | 10.77T | 11.22T | 9.12T | 8.71T | 7.25T | 6.02T | 5.11T | 5.04T | 4.42T | 4.66T | 4.37T | 3.79T | 3.62T | 2.61T | 2.49T | 2.26T | 2.03T | 1.89T | 1.86T | 1.51T | 1.14T | 962.28B | 764.82B | 563.76B | 957.02B | 717.54B | 440.72B | 374.53B | 418.12B |
| Non-Interest Income % | 24.85% | 26.14% | 21.26% | 19.28% | 22.18% | 27.77% | 23.66% | 23.01% | 21.94% | 22.38% | 22.31% | 25.57% | 29.54% | 24.32% | 24.55% | 27.53% | 29.02% | 22.69% | 22.78% | 23.89% | 27.43% | 23.12% | 29.86% | 27.44% | 56.42% | 44.87% | 34.56% | 25.13% | 23.32% |
| Total Revenue | 43.34T | 42.92T | 42.91T | 45.18T | 32.69T | 21.69T | 21.58T | 21.9T | 20.15T | 20.83T | 19.57T | 14.83T | 12.25T | 10.74T | 10.15T | 8.2T | 6.99T | 8.31T | 8.18T | 6.32T | 4.15T | 4.16T | 2.56T | 2.05T | 1.7T | 1.6T | 1.28T | 1.49T | 1.79T |
| Revenue Growth % | 5.4% | 0.02% | -5.02% | 38.22% | 50.7% | 0.5% | -1.44% | 8.65% | -3.26% | 6.44% | 31.96% | 21.1% | 14.01% | 5.8% | 23.77% | 17.4% | -15.94% | 1.69% | 29.36% | 52.2% | -0.23% | 62.51% | 24.66% | 21.13% | 6.08% | 25.4% | -14.45% | -16.88% | - |
| Non-Interest Expense | 16.09T | 17.3T | 13.68T | 12.9T | 10.71T | 8.93T | 7.88T | 7.83T | 7.02T | 7.15T | 6.82T | 5.88T | 5.11T | 4.53T | 4.02T | 3.43T | 2.96T | 2.82T | 2.52T | 2.27T | 1.83T | 1.66T | 1.1T | 896.28B | 790.83B | 744.87B | 751.68B | 698.5B | 742.45B |
| Efficiency Ratio | 37.13% | 40.31% | 31.87% | 28.55% | 32.76% | 41.19% | 36.53% | 35.75% | 34.85% | 34.3% | 34.85% | 39.67% | 41.72% | 42.13% | 39.57% | 41.83% | 42.35% | 33.88% | 30.88% | 35.96% | 44.11% | 39.8% | 42.82% | 43.62% | 46.62% | 46.58% | 58.95% | 46.86% | 41.4% |
| Operating Income | 9.62T | 8.92T | 8.76T | 8.15T | 9.74T | 5.98T | 308.77B | 4.48T | 3.62T | 3.99T | 3.97T | 3.24T | 3.1T | 1.93T | 2.17T | 2.13T | 1.94T | 1.72T | 1.76T | 1.45T | 924.41B | 1.22T | 814.48B | 515.78B | 252.15B | 189.07B | -87.25B | -192.88B | 0 |
| Operating Margin % | 22.2% | 20.8% | 20.41% | 18.03% | 29.81% | 27.59% | 1.43% | 20.45% | 17.94% | 19.17% | 20.27% | 21.82% | 25.35% | 17.99% | 21.36% | 26.01% | 27.83% | 20.67% | 21.58% | 22.92% | 22.26% | 29.42% | 31.8% | 25.1% | 14.86% | 11.82% | -6.84% | -12.94% | 0% |
| Operating Income Growth % | - | 1.91% | 7.49% | -16.39% | 62.85% | 1838% | -93.1% | 23.83% | -9.44% | 0.62% | 22.64% | 4.22% | 60.67% | -10.92% | 1.63% | 9.74% | 13.15% | -2.6% | 21.8% | 56.73% | -24.5% | 50.33% | 57.91% | 104.55% | 33.37% | 316.7% | 54.77% | - | - |
| Pretax Income | 9.62T | 8.92T | 8.76T | 8.15T | 9.74T | 5.98T | 308.77B | 4.48T | 3.62T | 3.99T | 3.97T | 3.24T | 3.1T | 1.93T | 2.17T | 2.13T | 1.94T | 1.72T | 1.76T | 1.45T | 924.41B | 1.22T | 814.48B | 515.78B | 252.15B | 189.07B | -87.25B | -192.88B | 0 |
| Pretax Margin % | 22.2% | 20.8% | 20.41% | 18.03% | 29.81% | 27.59% | 1.43% | 20.45% | 17.94% | 19.17% | 20.27% | 21.82% | 25.35% | 17.99% | 21.36% | 26.01% | 27.83% | 20.67% | 21.58% | 22.92% | 22.26% | 29.42% | 31.8% | 25.1% | 14.86% | 11.82% | -6.84% | -12.94% | 0% |
| Income Tax | 2.89T | 2.69T | 2.39T | 1.93T | 2.75T | 1.78T | -6.59B | 1.26T | 829.43B | 1.24T | 1.18T | 649.25B | 737.68B | 417.1B | 467.07B | 470.52B | 508.42B | 462.01B | 474.06B | 361.88B | 174.88B | 277.51B | 237.93B | 60.72B | 42.98B | 31.89B | 26.85B | 28.09B | 11.13B |
| Effective Tax Rate % | 30.03% | 30.12% | 27.32% | 23.72% | 28.2% | 29.68% | -2.13% | 28.21% | 22.94% | 31.02% | 29.66% | 20.07% | 23.76% | 21.59% | 21.53% | 22.04% | 26.14% | 26.88% | 26.86% | 24.98% | 18.92% | 22.67% | 29.21% | 11.77% | 17.05% | 16.87% | -30.77% | -14.56% | - |
| Net Income | 6.98T | 6.78T | 6.27T | 6.12T | 6.78T | 4.09T | 275.99B | 3.12T | 2.66T | 2.62T | 2.87T | 2.52T | 2.39T | 1.52T | 1.7T | 1.66T | 1.44T | 1.26T | 1.29T | 1.09T | 749.53B | 946.88B | 576.55B | 455.06B | 209.17B | 157.18B | -114.09B | -220.97B | -11.13B |
| Net Margin % | 16.1% | 15.79% | 14.61% | 13.54% | 20.75% | 18.84% | 1.28% | 14.24% | 13.19% | 12.55% | 14.64% | 16.98% | 19.49% | 14.1% | 16.76% | 20.28% | 20.55% | 15.12% | 15.79% | 17.2% | 18.05% | 22.75% | 22.51% | 22.15% | 12.33% | 9.83% | -8.95% | -14.82% | -0.62% |
| Net Income Growth % | 10% | 8.12% | 2.47% | -9.83% | 65.99% | 1380.76% | -91.15% | 17.24% | 1.68% | -8.74% | 13.75% | 5.52% | 57.55% | -10.98% | 2.29% | 15.83% | 14.29% | -2.62% | 18.74% | 45.01% | -20.84% | 64.23% | 26.7% | 117.56% | 33.08% | 237.76% | 48.37% | -1885.61% | - |
| Net Income (Continuing) | 6.73T | 6.24T | 6.37T | 6.21T | 7T | 4.21T | 315.36B | 3.21T | 2.79T | 2.75T | 2.79T | 2.59T | 2.37T | 1.52T | 1.7T | 1.66T | 1.44T | 1.26T | 1.29T | 1.09T | 749.53B | 946.88B | 576.55B | 455.06B | 209.17B | 157.18B | -114.09B | -220.97B | -11.13B |
| EPS (Diluted) | 29398.05 | 28452.88 | 26066.00 | 25438.84 | 28210.00 | 16995.00 | 4591.16 | 51856.00 | 44228.00 | 44480.00 | 48640.00 | 42880.00 | 31252.52 | 28458.88 | 31969.80 | 33792.00 | 29173.80 | 25525.44 | 40512.00 | 22928.00 | 16480.00 | 20816.00 | 15992.04 | 12273.48 | 5836.68 | 4336.76 | -3165.44 | -14186.96 | -715.44 |
| EPS Growth % | 10.53% | 9.16% | 2.47% | -9.82% | 65.99% | 270.17% | -91.15% | 17.25% | -0.57% | -8.55% | 13.43% | 37.2% | 9.82% | -10.98% | -5.39% | 15.83% | 14.29% | -36.99% | 76.69% | 39.13% | -20.83% | 30.16% | 30.3% | 110.28% | 34.59% | 237% | 77.69% | -1882.97% | - |
| EPS (Basic) | - | 28452.88 | 26066.00 | 25438.84 | 28210.00 | 16995.00 | 4591.16 | 51856.00 | 44228.00 | 44480.00 | 48640.00 | 42880.00 | 31252.52 | 28458.88 | 31969.80 | 33792.00 | 29173.80 | 25525.44 | 40512.00 | 22928.00 | 16480.00 | 20816.00 | 15992.04 | 12273.48 | 5836.68 | 4336.76 | -3361.72 | -14186.96 | -805.48 |
| Diluted Shares Outstanding | 237.3M | 238.3M | 240.46M | 240.46M | 240.46M | 60.11M | 60.11M | 60.11M | 60.11M | 60.11M | 60.11M | 60.11M | 60.11M | 53.24M | 53.24M | 49.24M | 49.24M | 49.24M | 49.24M | 47.39M | 45.49M | 45.49M | 36.05M | 37.08M | 36.04M | 36.24M | 36.04M | 15.57M | 15.56M |
Macroeconomic credit quality deterioration
As reported in recent financial statements, CIB's net interest income growth has fluctuated significantly, moving from a 5.0% increase in 2026Q1 to a 6.1% contraction in 2024Q4, suggesting that the bank is struggling to maintain consistent top-line expansion in a challenging interest rate environment.
The volatility in NII suggests that the bank's loan book is highly sensitive to the shifting monetary policy of the Colombian Central Bank. Investors should monitor whether the recent 5.0% growth in 2026Q1 represents a sustainable recovery or merely a temporary repricing effect that may be offset by rising funding costs.
Based on the provided quarterly data, CIB's net interest margin has remained largely stagnant at 1.3% for the majority of the last ten quarters, indicating that the bank faces structural limitations in expanding its spread between asset yields and the cost of retail deposits.
The persistent 1.3% NIM suggests that competitive pressures and regulatory usury caps are effectively ceiling the bank's core profitability. This lack of margin expansion implies that future earnings growth must be driven by volume or fee income rather than improved interest rate spreads.
According to the bank's historical income statements, the efficiency ratio has swung from a low of 28.9% in 2024Q1 to a peak of 42.2% in 2025Q4, reflecting inconsistent control over non-interest expenses relative to the bank's total revenue generation capacity.
The wide variance in the efficiency ratio suggests that the bank's transition to digital banking is not yet delivering the expected operating leverage. Analysts should investigate whether these spikes in the efficiency ratio are driven by one-time digital infrastructure investments or structural increases in personnel and administrative costs.
Financial filings reveal that provision expenses for loan losses have fluctuated between $828.9 billion and $1.7 trillion over the last ten quarters, highlighting a high degree of uncertainty regarding the credit quality of the bank's loan portfolio in the current economic cycle.
The significant swings in provision expenses suggest that the bank is actively adjusting its expected credit loss models in response to macroeconomic volatility. This behavior may indicate that the bank is attempting to front-load risk, which could lead to earnings surprises if the actual default rates deviate from these internal forecasts.
As indicated by the quarterly data, non-interest fee income as a percentage of total revenue has ranged from 19.3% to 29.2%, suggesting that the bank's reliance on transactional revenue is subject to significant quarterly shifts that may impact the predictability of its overall earnings profile.
The variability in fee income composition implies that the bank's digital ecosystem, while growing, has not yet achieved the level of recurring, stable revenue required to offset interest rate cyclicality. Investors should monitor the monetization of the Nequi platform to determine if it can provide a more consistent fee-based revenue stream.
Quick answers to the most common questions about buying CIB stock.
Grupo Cibest S.A. (CIB) is profitable, generating $6.78T in net income for the fiscal year ending 2025 with a net profit margin of 15.8%.
Grupo Cibest S.A. (CIB) reported an operating income of $8.92T, resulting in an operating profit margin of 20.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Grupo Cibest S.A. (CIB) generated $26.22T in gross profit for the year, representing a gross profit margin of 61.1%. This demonstrates the company's core pricing power and production efficiency.