Grupo Cibest (NYSE: CIB) launches 2026 buyback and ends 2025 plan
Rhea-AI Filing Summary
Grupo Cibest S.A. has approved regulations for a new 2026 share buyback program covering common shares, preferred shares, and ADRs, with an authorization of up to COP$1,350,000,000,000 over three years through April 21, 2029.
The company simultaneously terminated its 2025 buyback program, under which it repurchased 601,452 common shares and 12,164,612 preferred shares, including 5,137,320 shares represented by ADRs, for COP 690,022 million, equal to 51.11% of that program’s approved amount. After these transactions, outstanding shares total 509,103,132 common and 439,957,804 preferred shares.
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Insights
Grupo Cibest refreshes its share buyback capacity with a larger, longer program.
Grupo Cibest’s board approved a new 2026 buyback framework authorizing up to COP$1,350,000,000,000 of repurchases over three years to April 21, 2029. This replaces the prior 2025 program, which has now been formally closed.
The 2025 program executed repurchases of 601,452 common and 12,164,612 preferred shares, including 5,137,320 shares via ADRs, for an aggregate COP 690,022 million, representing 51.11% of its approved capacity. This suggests meaningful, but not full, utilization of the prior authorization.
Following these actions, outstanding shares stand at 509,103,132 common and 439,957,804 preferred as of the announcement. Future repurchase activity and its scale within the new COP$1.35 trillion limit will determine the long-term impact on share count and per-share metrics.
