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 quarterly ROE at 28.73% and annualized ROE at 29%, reflecting strong execution and strategic flexibility.

• Operational efficiency and value creation demonstrated through Banistmo divestment, BAM turnaround, Nequi growth, and capital optimization.

• Flexible commercial and financial model enables resource reallocation to maximize revenue across cycles.

• Extraordinary dividend proposal and share buyback program enhance shareholder returns.

• Digital customer base continued to expand, with 9.5 million active app users and 23.5 million active Nequi accounts.

Financial highlights

• Net interest income was COP 6.04 trillion, up 16.49% quarter-over-quarter and 23.84% year-over-year; NIM at 7.94%.

• Net fee income grew 9.8% quarter-over-quarter and 17.7% year-over-year, supported by bancassurance and payment services.

• Gross loan portfolio reached COP 262.3 trillion, up 0.17% quarter-over-quarter and 5.72% year-over-year; deposits totaled COP 271 trillion, up 7.14% year-over-year.

• Efficiency ratio improved to 42.8%, with operating expenses down 10% quarter-over-quarter.

• Net loan loss provisions were COP 1.02 trillion, down 16.75% from 1Q26.

Outlook and guidance

• 2026 guidance: loan growth 7–8%, NIM 7.4–7.6%, cost of risk 1.6–1.8%, efficiency 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 ~8% in commercial loans.

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

• Focus remains on strategic markets and value creation post-Banistmo divestment, with continued digital expansion and efficiency improvements expected.

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