CIB Earnings Prediction
The chart below shows how CIB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CIB sees a -0.49% change in stock price 10 days leading up to the earnings, and a +1.24% change 10 days following the report. On the earnings day itself, the stock moves by +0.39%. This data can give you a slight idea of what to expect for the next quarter's release.
CIB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.68B
3.59%
-3.40%
Gross Margin
--
--
--
Operating Margin
29.78%
7.32%
-0.77%
Net Margin
22.05%
-4.50%
3.13%
EPS
0.20
-47.37%
0.00%
No Data Available
CIB Earnings Analysis
Bancolombia S.A. Corporation (CIB.N) Earnings Conference Call
Positive
Net Income Increase: 1. Net Income Growth: Bancolombia reported a net income of COP1.5 trillion for Q3 2024, reflecting a 4.3% increase quarter-over-quarter and a 1% increase year-over-year, resulting in a 15% return on equity.
Deposit Growth Performance: 2. Deposit Growth: Total deposits grew by 0.7% during the quarter and by 6.4% year-over-year, outpacing loan growth and ensuring low funding costs.
Client Base Growth: 3. Nequi Client Expansion: Nequi reached over 20 million clients, with 72% active users, and achieved a 65% year-over-year growth in transactions, totaling close to 1.3 billion transactions.
Loan Portfolio Expansion: 4. Loan Portfolio Growth: Nequi's loan portfolio grew significantly, reaching COP406 billion, representing a 62% quarter-over-quarter and 187% year-over-year increase.
Cost Efficiency Improvement: 5. Cost Management: Operating expenses increased only 1.4% over the quarter and 3.2% over the year, remaining well below Colombia's inflation rate, leading to an improved cost-to-income ratio of 48%.
Negative
Interest Income Decline: 1. Decline in Interest Income: Total interest income from loans and financial leases decreased by 3.5% during the quarter and 6.9% year-over-year, primarily due to a stable loan portfolio with lower yields.
Net Interest Margin Decline: 2. Net Interest Margin Compression: The net interest margin for the quarter was 6.8%, reflecting a 22 basis point compression driven by a 53 basis point reduction in the lending margin.
Consumer Loan Decline: 3. Consumer Loan Contraction: The consumer segment continues to contract, decreasing by 0.4% during the quarter and 2.3% over the year, attributed to stricter origination standards.
Fee Income Trends: 4. Mixed Performance in Fee Income: Net fee income decreased slightly during the quarter, with fee expenses increasing by 12% year-over-year, outpacing the growth in fee income.
Loan Book Expansion: 5. Modest Loan Growth: The consolidated loan book expanded by only 0.5% during the quarter and 4.6% over the year, indicating sluggish demand for loans amidst a weak macroeconomic backdrop.
CIB FAQs
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CIB Earning Call Sentiment
Bancolombia S.A. (CIB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CIB.N
1.25%Positive
The earnings call summary reveals several concerning factors: contraction in loan growth, pressure on net interest margins, fiscal pressures, and potential loan deterioration risks. Although there is a slight increase in net income and a stable ROE, these are overshadowed by the negative trends. The Q&A session highlights uncertainties in investment gains and unclear management responses on key issues. The share purchase program could offer some support, but overall, the negative elements outweigh the positive, suggesting a negative stock price movement.
