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Grupo Cibest 3Q26 profit falls 23.8% quarter over quarter

As of September 30, 2026, Bancolombia had 9.3 million active Mi Bancolombia customers measured over 30 days; Nequi had 23.8 million active accounts.

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Form Type
6-K

Rhea-AI Filing Summary

Grupo Cibest S.A. reported unaudited 3Q26 net income attributable to shareholders of COP 2.08 trillion, down 23.81% from 2Q26 and 2.97% from 3Q25. Net interest income was COP 5.74 trillion, down 4.88% sequentially but up 15.78% year over year; net interest margin was 7.43%, compared with 7.94% in 2Q26.

Gross loans reached COP 274 trillion and deposits COP 275 trillion, up 4.31% and 1.47% from 2Q26, respectively. Net loan loss provisions were COP 1.19 trillion, up 16.77% sequentially. The 30-day non-performing loan ratio was 3.52%; annualized quarterly return on equity was 21.75%.

On June 30, 2026, Grupo Cibest completed the sale of 100% of Banistmo S.A.’s shares to Banco La Hipotecaria S.A., a subsidiary of Inversiones Cuscatlán Centroamérica S.A., for USD 1.418 billion. Nequi began operations as a financing company on September 1, 2026, after Bancolombia S.A. transferred the associated business-line assets, liabilities and contracts. Nequi’s 3Q26 income statement covered September only and showed an accounting loss of COP 5.8 billion.

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Positive

  • Moderate pointNet interest income rose 15.78% year over year to COP 5.74 trillion.

Negative

  • Moderate pointQuarterly net income fell 23.81% sequentially to COP 2.08 trillion.

Filing Explained

The filing says an extraordinary dividend of COP 1.2 trillion was declared in August 2026; it identifies the dividend, alongside an accounting adjustment related to Banistmo’s sale, as a main reason reserves fell during the quarter.

Net income attributable to shareholders COP 2.08 trillion 3Q26
Sequential change in net income attributable to shareholders -23.81% 3Q26 compared with 2Q26
Net interest income COP 5.74 trillion 3Q26; up 15.78% year over year
Net interest margin 7.43% 3Q26; 7.94% in 2Q26
Gross loan portfolio COP 274 trillion End of 3Q26; up 4.31% from 2Q26
Deposits COP 275 trillion End of 3Q26; up 1.47% from 2Q26
Net loan loss provisions COP 1.19 trillion 3Q26; up 16.77% from 2Q26
Banistmo sale price USD 1.418 billion Sale completed June 30, 2026
Net interest margin financial
"The net interest margin for 3Q26 was 7.43%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Cost of credit financial
"annualized quarterly cost of credit of 1.80%"
The cost of credit is the total price a borrower pays to use someone else’s money, including interest, fees, and any other charges over the life of a loan or credit line. Like the fuel bill for running a business, higher credit costs reduce profits and cash flow, change how much a company can borrow, and affect investor judgments about valuation, risk and future growth prospects.
Other Comprehensive Income (OCI) financial
"changes recorded in accumulated Other Comprehensive Income (OCI)"
Other comprehensive income (OCI) is a category on a company’s financial statements that captures gains and losses not included in the regular profit-and-loss total, such as unrealized investment gains, currency translation shifts, and certain pension adjustments. It matters to investors because OCI affects the company’s reported equity and shows hidden value or risk that hasn’t hit the income statement yet — like an unsold asset whose market value moved up or down.
Stage 2 technical
"Stage 2. Financial instruments that have significantly increased their risk"
Additional Tier 1 (AT1) capital instruments financial
"issuance of Additional Tier 1 (AT1) capital instruments"
Additional Tier 1 (AT1) capital instruments are long-term securities banks sell to strengthen their financial cushion; they act like shock absorbers that absorb losses if a bank’s capital falls too low. For investors, AT1s pay higher interest than ordinary bonds but carry the risk that payments can be skipped, the principal reduced, or the holding converted into shares when regulators or a preset trigger decide the bank needs extra support, so they trade off higher yield for higher loss risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Grupo Cibest (CIB) earn in 3Q26?
Grupo Cibest reported COP 2.08 trillion in net income attributable to shareholders for 3Q26, down 23.81% from 2Q26 and 2.97% from 3Q25. Its annualized quarterly return on equity was 21.75%.

What were Grupo Cibest’s (CIB) 3Q26 loan and deposit balances?
Gross loans reached COP 274 trillion, and deposits totaled COP 275 trillion at the end of 3Q26. Loans were up 4.31% and deposits were up 1.47% from 2Q26; year over year, they increased 9.67% and 8.63%, respectively.

Why did Grupo Cibest’s (CIB) net interest income fall in 3Q26?
Net interest income decreased 4.88% from 2Q26, mainly because income from financial-instrument valuations normalized after the previous quarter’s extraordinary performance. Growth in loan portfolio income partly offset the decline. Interest expenses also increased amid higher deposit balances and benchmark interest rates in Colombia.

How was Grupo Cibest’s (CIB) Banistmo sale paid for?
The USD 1.418 billion transaction price was paid with funds from Banco La Hipotecaria S.A. and an international syndicated loan. Banco La Hipotecaria is a subsidiary of Inversiones Cuscatlán Centroamérica S.A.; after the sale, Banistmo ceased to be a Grupo Cibest subsidiary.

Why did Nequi record a 3Q26 loss in Grupo Cibest’s (CIB) results?
Nequi recorded an accounting loss of COP 5.8 billion; its 3Q26 income statement included only September and non-recurring effects associated with the asset and liability transfer. Net provisions included a COP 39.0 billion extraordinary charge from transitioning to risk-model parameters applicable to Nequi as a financing company.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of Nov 2026
Comission File Number 001-32535
Grupo Cibest S.A.
(Translation of registrant’s name into English)
Cra. 48 # 26-85
Medellín, Colombia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ                    Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(2):___
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o                    No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-__________.

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3Q26
GRUPO CIBEST (NYSE: CIB; BVC: CIBEST AND PFCIBEST) REPORTS FINANCIAL RESULTS
FOR THE THIRD QUARTER OF 2026.


•On September 1, 2026, Bancolombia S.A. entered into a definitive agreement with Nequi S.A. Compañía de Financiamiento (“Nequi”), whereby Bancolombia transferred to Nequi the assets, liabilities, and contracts associated with the Nequi business line, necessary for the commencement of its independent operations as a financing company. As a result of this agreement, Nequi officially began operations on that date within the Grupo Cibest ecosystem as Nequi S.A. Compañía de Financiamiento.

•On June 30, 2026, Grupo Cibest finalized the sale of Banistmo S.A., initially announced to the market on December 18, 2025. As a result of the completion of the sale, Grupo Cibest transferred 100% of Banistmo's shares to Banco La Hipotecaria S.A., a subsidiary of Inversiones Cuscatlán Centroamérica S.A., in exchange for the previously announced sale price of USD 1.418 billion. The transaction price was paid with funds from La Hipotecaria and an international syndicated loan. As a result, Banistmo ceased to be a subsidiary of Grupo Cibest and became wholly owned by Inversiones Cuscatlán. Grupo Cibest reports that it has not entered into any agreements with Inversiones Cuscatlán regarding the election of directors or other material corporate matters. This divestment is part of a long-term corporate strategy aimed at optimizing the Group's portfolio, focusing its growth on strategic markets, and maximizing value creation for its shareholders.

•Net income attributable to shareholders for 3Q26 was COP 2.08 trillion. This figure represents a decrease of 23.81% compared to the previous quarter and 2.97% compared to 3Q25. Grupo Cibest's annualized quarterly return on equity (ROE) was 21.75%.

•The net interest margin for 3Q26 was 7.43%, representing a decrease of 51 basis points compared to 2Q26. Net interest income was COP 5.74 trillion, decreasing 4.88% compared to 2Q26 and increasing 15.78% compared to 3Q25.

•Grupo Cibest's gross loan portfolio reached COP 274 trillion at the end of 3Q26, with growth of 4.31% compared to the previous quarter and 9.67% compared to 3Q25. By segment, all loan types registered positive performance, led by the commercial loan portfolio.

•Deposits totaled COP 275 trillion, growing 1.47% compared to 2Q26 and 8.63% compared to 3Q25. This growth was influenced by higher deposits in the institutional segment. By type of deposit, quarterly growth was mainly driven by higher balances in time deposits and savings accounts.

•Net loan loss provisions totaled COP 1.19 trillion in 3Q26, a 16.77% increase compared to 2Q26, with an annualized quarterly cost of credit of 1.80%. This performance was primarily driven by stronger portfolio growth during the quarter, greater deterioration in credit card and UVR-denominated mortgage portfolios, and new loan originations with significant clients. In terms of asset quality, the non-performing loan ratio stood at 3.52% for 30 days and 2.36% for 90 days.

•Equity attributable to shareholders reached COP 38.8 trillion at the end of September 2026, a 1.73% increase compared to the previous quarter and an 8.48% decrease compared to 3Q25. These variations primarily reflect the extraordinary dividend, the changes recorded in accumulated Other Comprehensive Income (OCI) related to the sale of Banistmo, and the impact of the exchange rate appreciation. During the quarter, profit generation helped offset these impacts and allowed for continued positive equity growth.

•Digital engagement continued to evolve positively. As of September 30, 2026, Bancolombia had 9.3 million active digital customers on the Mi Bancolombia app (measured over a 30-day period), as well as 29.3 million accounts on Nequi, of which 23.8 million are active.



November 9, 2026. Medellín, Colombia. Today, GRUPO CIBEST announced its financial results for the third quarter of 2026.






____________________________________________________
1. This report presents the unaudited consolidated financial information of GRUPO CIBEST S.A. and its subsidiaries (“Grupo Cibest” “Cibest”), which it controls, among other reasons, by directly or indirectly owning more than 50% of the voting shares. This financial information has been prepared based on accounting records generated in accordance with International Financial Reporting Standards (IFRS) and is presented in nominal terms. The financial information for the quarter ended September 30 is not necessarily indicative of expected results for any other future period. For further information, please refer to the SEC website, where you can find company communications. www.sec.gov. PRECAUTIONARY NOTE REGARDING FORWARD-LOOKING DISCLOSURES: This press release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking disclosures made in this press release, in future filings, and in written or oral press releases involve risks and uncertainties. Consequently, factors such as changes in the general economic situation and business conditions, volatility in exchange rates and interest rates, the introduction of products that compete with those of the Cibest Business Group by other companies, lack of acceptance of new products or services by our target customers, changes in business strategy, and other factors may cause actual results to differ materially from those mentioned in such disclosures. CIBEST does not intend to, and assumes no obligation to, update these statements. Some figures included in this release have been subject to decimal rounding. Any reference to CIBEST or CIBEST BUSINESS GROUP should be understood as the Grupo Cibest together with its subsidiaries, unless otherwise specified. The period (.) indicates the decimal separator and the comma (,) indicates the thousands separator. Representative Market Rate: October 1, 2026, $3,312.84 = US$ 1.
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3Q26
GRUPO CIBEST: Summary of consolidated financial quarterly results
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT, CONSOLIDATED
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT GRUPO CIBEST
QuarterChangeChange As of
(COP million)Pro Forma 3Q252Q263Q263Q26 / 2Q263Q26 / 3Q25
ASSET
Net loan portfolio236,581,406248,790,151259,976,6544.50
% 
9.89%
Investments33,316,64948,219,27245,440,913(5.76)
% 
36.39%
Other assets104,733,60366,072,84863,744,748(3.52)
% 
(39.14)%
Total assets
374,631,658363,082,271369,162,3151.67
% 
(1.46)%
LIABILITIES AND EQUITY
Deposits253,183,281271,046,925275,035,7201.47
% 
8.63%
Other liabilities77,858,36652,638,91754,072,3822.72
% 
(30.55)%
Total liabilities331,041,647323,685,842329,108,1021.68
% 
(0.58)%
Minority interest1,212,1541,272,7571,271,216(0.12)
% 
4.87%
Equity
42,377,85738,123,67238,782,9971.73
% 
(8.48)%
Total liabilities and equity374,631,658363,082,271369,162,3151.67
% 
(1.46)%
Interest income7,967,5819,454,0099,231,111(2.36)
% 
15.86%
Interest expense(3,007,606)(3,416,764)(3,488,226)2.09
% 
15.98%
Net interest income4,959,9756,037,2455,742,885(4.88)
% 
15.78%
Net provisions(833,126)(1,023,321)(1,194,922)16.77
% 
43.43%
Income from commissions and other services, net1,209,0311,374,2851,395,9061.57
% 
15.46%
Other operating income828,026945,042592,466(37.31)
% 
(28.45)%
Total Income Equity Participation121,224170,904116,792(31.66)%(3.66)%
Total operating expenses(3,481,633)(3,649,383)(3,660,340)0.30%5.13%
Profit before taxes2,803,4973,854,7722,992,787(22.36)%6.75%
Income tax(835,894)(987,741)(891,325)(9.76)%6.63%
Profit before non-controlling interest1,967,6032,867,0312,101,462(26.70)%6.80%
Minority interest(12,223)(50,934)(21,109)(58.56)%72.70%
Net profit for the year attributable to the shareholders of the Parent Company2,144,1032,730,3442,080,353(23.81)%(2.97)%
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3Q26
PRINCIPAL RATIOS
PRINCIPAL RATIOS
AccumulatedQuarter
Pro Forma 3Q25
3Q26
Pro Forma 3Q25 2Q263Q26
PROFITABILITY
Net interest margin (1)
6.87%7.48%7.01%7.94%7.43%
Return on average total assets (2)
2.28%2.36%2.57%3.07%2.29%
Return on average shareholders´ equity (3)17.96%21.70%20.37%29.11%21.75%
EFFICIENCY
Operating expenses to net operating income49.96%47.72%48.91%42.80%46.64%
Operating expenses to average total assets4.20%4.27%4.18%4.10%4.02%
Operating expenses to productive assets4.92%5.00%4.92%4.80%4.73%
KEY FINANCIAL HIGHLIGHTS
Net income per ADS
6.068.012.273.362.66
Net income per share $COP
5,9436,6352,2462,8902,202
P/BV ADS (4)1.151.871.151.691.87
P/BV Local (5) (6)1.362.191.361.932.19
P/E (7)
7.079.496.246.369.53
ADR price51.9492.8551.9479.4392.85
Common share price (8)60,50090,00060,50078,00090,000
Total shares outstanding954,574,806944,661,966954,574,806944,661,966944,661,966
USD exchange rate (quarter end)3,9243,3133,9243,4413,313
(1) Defined as net interest income divided by the monthly average of interest-bearing assets. (2) Defined as annualized quarterly net income divided by the monthly average of total assets. (3) Defined as annualized quarterly net income divided by the monthly average of equity. (4) Defined as the ADS price divided by its book value. (5) Defined as the common stock price divided by its book value. (6) Common stock prices on the Colombian Stock Exchange. (7) Defined as market capitalization divided by annualized quarterly earnings. (8) Price at the end of the respective quarter.
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3Q26
1. CONSOLIDATED STATEMENT OF FINANCIAL POSITION GRUPO CIBEST
1.1. Loan Portfolio
The following table summarizes Grupo Cibest’s total loan portfolio:
LOAN PORTFOLIO
QuarterChange
LOAN PORTFOLIO
(COP million)
Pro Forma 3Q252Q263Q263Q26 / 2Q263Q26 / 3Q25% of total
loans
Commercial164,316,478171,758,952181,254,1285.53%10.31%66.25%
Consumer51,120,43953,538,43254,583,3751.95%6.77%19.95%
Mortgage33,057,00135,903,41836,644,6272.06%10.85%13.39%
Small Business1,004,9961,099,4671,136,2553.35%13.06%0.42%
Interests received in advance(25,940)(27,088)(30,882)14.01%19.05%(0.01)%
Total loan portfolio249,472,974262,273,181273,587,5034.31%9.67%100.00%
Allowance for loan losses(12,891,568)(13,483,030)(13,610,849)0.95%5.58%
Total loans, net236,581,406248,790,151259,976,6544.50%9.89%
During the third quarter of 2026, the gross loan portfolio reached COP 273,587 billion, registering growth of 4.31% compared to the previous quarter and 9.67% year-over-year.

Portfolio growth during the quarter was broad-based across all loan categories, led by Bancolombia S.A., whose portfolio grew by 4.4%, mainly due to increased demand for credit in the commercial segment, driven largely by differentiated pricing strategies. Growth was also attributed to the strong performance of Banco Agrícola, which registered a quarterly increase of 3.3% measured in dollars, while BAM experienced a decrease of 1.5%, also in dollars, primarily due to a prepayment of a corporate loan that was partially offset by new loan originations and slower growth in the housing portfolio. Excluding the exchange rate effect, the portfolio would have grown by 5.1% compared to the previous quarter.

The mortgage loan portfolio grew 2.06% compared to the previous quarter and 10.85% year-over-year, in both cases driven primarily by Bancolombia S.A., in a context of slower growth in Central America.

The consumer loan portfolio grew 1.95% compared to Q2 2026 and 6.77% year-over-year. Quarterly performance was mainly driven by the growth of credit cards and personal loans at Bancolombia, as well as by the strong performance of the Nequi portfolio.

For more details on portfolio coverage and quality, see section 2.5. Asset Quality and Provision Charges.

The following table shows the composition of Grupo Cibest's portfolio by type and currency:
(COP Million)Amounts in COPAmounts in USD
converted to COP		Amounts in USD
(thousands)		Total
(1 USD = 3312.84 COP)
3Q263Q26 / 2Q263Q263Q26 / 2Q263Q263Q26 / 2Q263Q263Q26 / 2Q26
Commercial loans144,307,8577.04%36,946,2710.00%11,152,4463.86%181,254,1285.53%
Consumer loans43,358,8553.16%11,224,519(2.45)%3,388,1861.32%54,583,3751.95%
Mortgage loans32,778,1042.92%3,866,522(4.66)%1,167,132(0.98)%36,644,6272.06%
Small business loans1,120,9823.58%15,272(11.18)%4,610(7.75)%1,136,2553.35%
Gross loans221,536,9595.62%52,050,543(0.90)%15,711,7592.93%273,587,5034.31%
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3Q26
Loan portfolio breakdown by currency and region chart-4ecfe9ebcb884b15be9a.jpgchart-986f8e7aca9d41faad2a.jpg

1.2. Funding

At the end of 3Q26, customer deposits totaled COP 275,036, representing 84% of total liabilities.

This balance registered an increase of 1.47% compared to 2Q26 and an increase of 8.63% compared to 3Q25. The quarterly variation was mainly due to higher deposit inflows in the institutional segment. In terms of deposit composition, growth was primarily driven by savings accounts and time deposits, partially offset by lower balances in checking accounts and other deposits.

Sight deposits remained the main source of funding, with a 56.88% share at the end of the quarter. Within this category, savings accounts increased their share from 46.77% to 46.90%, offsetting the decrease in checking accounts from 10.22% to 9.98%. Time deposits increased their share from 32.92% to 33.33%, mainly due to higher time deposit balances in Colombia. Overall, the funding structure maintained a high share of demand deposits, favoring an efficient funding mix and a solid liquidity position.

FUNDING MIX


 Quarter
FUNDING MIX
(COP Million)
Pro Forma 3Q25
2Q26
3Q26
Checking accounts31,910,27311.66%30,016,41510.22%29,746,3069.98%
Savings accounts122,885,38044.89%137,333,79946.77%139,851,43946.90%
Time deposits92,674,22633.86%96,654,16532.92%99,395,30733.33%
Other deposits8,550,1883.12%13,715,7124.67%13,230,0614.44%
Long term debt7,815,4002.86%6,987,2552.38%6,418,1092.15%
Loans with banks9,894,9323.61%8,930,8033.04%9,558,9473.21%
Total Funds273,730,399100.00%293,638,149100.00%298,200,169100.00%
1.3. Shareholders’ Equity

Equity attributable to shareholders closed 3Q26 at COP 38.783 trillion, a 1.73% increase compared to 2Q26 and an 8.48% decrease compared to 3Q25. Its quarterly performance primarily reflected earnings generated during the period, partially offset by the effects of the Colombian peso's appreciation and the divestment of Banistmo.

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3Q26
The decrease in reserves during the quarter is mainly due to the extraordinary dividend of COP 1.2 trillion declared in August 2026 by the Extraordinary Shareholders' Meeting of Grupo Cibest, and an accounting adjustment between reserves and retained earnings related to the sale of Banistmo.
2.INCOME STATEMENT GRUPO CIBEST

Third quarter 2026 closed with net income of COP 2,080 billion, equivalent to COP 2,202 per share (USD 2.66 per ADR). This result was primarily driven by strong interest income, boosted by portfolio growth, along with disciplined management of operating expenses.

Grupo Cibest's annualized quarterly return on equity (ROE) was 21.75% in third quarter 2026 and 21.70% year-to-date.
2.1.Net Interest Income & Net Interest Margin

Net interest income totaled COP 5,743 billion in 3Q26, registering a 4.88% decrease compared to 2Q26. This is mainly due to the normalization of income from the valuation of financial instruments, following the extraordinary performance observed in the previous quarter. This effect was partially offset by growth in loan portfolio income.

Meanwhile, interest expenses increased due to higher volumes of time deposits and savings accounts, primarily in the institutional segment, to finance portfolio growth and the outflow of deposits from Nequi related to Bancolombia's asset and liability transfer operation. This was further compounded by higher benchmark interest rates in Colombia.

The annualized weighted average cost of deposits was 4.50% in 3Q26, representing a 10 basis point increase compared to 2Q26.

The NIM for the portfolio stood at 8.11%, decreasing 18 basis points compared to 2Q26, and 71 basis points higher than 3Q25. The contraction compared to the previous quarter is explained by the differentiated pricing strategy applied to the commercial portfolio to stimulate greater demand. Meanwhile, the NIM for investments stood at 3.76%, reflecting weaker performance in fixed income given the more challenging market environment in Colombia during the quarter, higher funding costs, and a lower portfolio balance. As a result, the consolidated NIM stood at 7.43%, compared to 7.94% in 2Q26 and 7.01% in 3Q25.

Portfolio yield by category
Accumulated Quarter
Pro Forma 3Q25
3Q26
Pro Forma 3Q25
2Q26
3Q26
Commercial Portfolio11.34
%
11.83
%
11.25%12.22%11.98%
Consumer Portfolio14.76
%
17.10
%
14.87%17.27%16.99%
Mortgages Portfolio8.91
%
9.87
%
9.23%10.00%9.74%
Small Business Portfolio21.24
%
25.48
%
23.88%25.02%24.84%
Total Portfolio11.74
%
12.69
%
11.76%13.01%12.74%
(1) Net interest margin and valuation income on financial instruments.


Accumulated Quarter
Cost of deposits
Pro Forma 3Q25
3Q26
Pro Forma 3Q25
2Q26
3Q26
Checking accounts0.36%0.35
%
0.40%0.35%0.37%
Saving accounts2.25%2.57
%
2.21%2.68%2.72%
Time deposits7.66%7.93
%
7.95%8.16%8.37%
Total cost of deposits
4.04%4.24
%
4.09%4.40%4.50%



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3Q26
Accumulated Quarter
Quarterly Annualized Net Interest Margin
Pro Forma 3Q25
3Q26
Pro Forma 3Q25
2Q26
3Q26
Lending Net Interest Margin7.40
 %
8.07
 %
7.40
 %
8.28
 %
8.11%
Investment Net Interest Margin3.63
 %
4.03
 %
4.48
 %
5.98
 %
3.76%
Net interest margin (1)6.87
 %
7.48
 %
7.01
 %
7.94
 %
7.43%

2.2.        Fees and Income from Services

Net income from fees and other services amounted to COP 1,396 billion in 3Q26, representing an increase of 1.57% compared to the previous quarter and 15.46% compared to 3Q25.

Fee income grew 0.81% compared to the previous quarter, driven by the structuring and placement of securities, investment banking services, increased payment volume from cards and affiliated establishments, fiduciary activities, and bancassurance, the latter boosted by the alliance with Sura. Year-on-year, fee income increased 6.48%, primarily supported by the performance of banking services, bancassurance, and cards. Banking services benefited from higher commissions on products distributed through digital platforms such as Nequi and from the growth in transaction volumes of merchants linked to these channels.

Fee expenses totaled COP 735 billion in 3Q26, a decrease of 0.61% compared to the previous quarter and 7.22% year-over-year. The quarterly change primarily reflects the effect of the peso's appreciation on the restatement of expenses associated with dollar-denominated contracts.


chart-3ee89d94a8da47abb60a.jpg
*Figures in billions


2.3.        Other operating income

Other operating income totaled COP 592 billion during 3Q26, a decrease of 37.31% compared to the previous quarter, primarily due to lower foreign exchange gains related to the restatement of dollar proceeds from the sale of Banistmo, as well as a lower valuation of real estate assets, associated with the performance of the assets valued during the period and higher discount rates. These effects were partially offset by favorable results from hedging derivatives.
2.4. Dividends received, and share of profits of equity method investees

Dividends and other net income from equity investments totaled COP 116.8 billion in 3Q26, decreasing 31.66% compared to the previous quarter and 3.66% compared to 3Q25. The quarterly variation was mainly explained by lower income from the equity method of Protección and Viva Malls, partially offset by a higher contribution from dividends and equity instruments and other financial instruments.
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3Q26
2.5.         Asset Quality and Provision Charges

At the end of 3Q26, the portfolio of loans past due by more than 30 days totaled COP 9,318 billion, equivalent to 3.52% of the gross portfolio, while the portfolio past due by 90 days reached COP 6,264 billion, representing 2.36%. The reduction in both indicators compared to the previous quarter reflects a favorable evolution in portfolio quality, primarily in the commercial loan segment, partially offset by consumer and mortgage loans.

Coverage, measured as the ratio between loan loss provisions (principal) and past-due loans (more than 30 days past due), stood at 130.82% at the end of 3Q26, compared to 132.94% in the previous quarter. New past-due loans were COP 1,276 billion, an increase compared to 2Q26. Loan write-offs decreased during the quarter, reflecting the positive performance observed in the portfolio.

Provision charges, net of recoveries, totaled COP 1,195 billion in 3Q26, a 16.77% increase compared to the previous quarter. This increase was mainly due to higher loan origination volume, increased impairment on credit cards and UVR-denominated mortgages, and one-off provisioning for clients in the commercial segment of the agricultural export, construction, and manufacturing sectors.

The quarterly provision amount as a percentage of the annualized average gross loan portfolio was 1.80% in 3Q26 and 1.89% over the last 12 months, representing an increase of 24 basis points compared to the previous quarter and 46 basis points compared to 3Q25. Capital provisions totaled COP 12,190 billion, representing coverage equivalent to 4.60% of the gross loan portfolio.

The portfolio by stage continued to show positive growth during the quarter, with Stage 1 increasing its share, primarily due to higher originations, while Stage 2 and Stage 3 saw their relative share decrease.

The following tables present the basic measures related to asset quality:

ASSET QUALITY
Periods completed
ASSET QUALITY
(COP millions)
Pro Forma 3Q252Q263Q26
Total 30-day past due loans9,063,2509,122,8519,318,483
Allowance for loan losses (1)
11,562,63212,127,94312,190,186
Past due loans to total loans3.73%3.59%3.52%
Allowances to past due loans127.58%132.94%130.82%
Allowance for loan losses as a percentage of total loans5.06%4.77%4.60%
___________________
(1)Allowances for the principal of loans.

PDL PER CATEGORY

30 days
PDL Per Category% Of loan portfolioPro Forma 3Q252Q263Q26
Commercial loans66.25%2.85%2.54%2.41%
Consumer loans19.95%5.36%5.46%5.54%
Small Business loans0.42%6.34%8.76%8.42%
Mortgage loans*13.39%5.40%5.56%5.69%
PDL TOTAL3.73%3.59%3.52%
90 days
% Of loan portfolioPro Forma 3Q252Q263Q26
Commercial loans66.25%2.83%2.22%2.51%
Consumer loans19.95%3.58%3.06%3.64%
Small Business loans0.42%3.94%4.67%3.32%
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3Q26
Mortage loans*13.39%3.33%2.80%2.89%
PDL TOTAL3.05%2.48%2.79
%
*Mortgage loans that were overdue were calculated for past due loans for 120 days instead of 90 days.

LOANS BY STAGES
2Q263Q263Q26 / 2Q26
LoansAllowances% CoverageLoansAllowances% CoverageLoansAllowances
Stage 1235,741,4112,312,4570.98%247,315,7302,281,6240.92%4.91%(1.33)%
Stage 214,150,4252,421,67117.11%13,820,5302,477,38317.93%(2.33)%2.30%
Stage 312,381,3458,748,90270.66%12,451,2438,851,84271.09%0.56%1.18%
Total262,273,18113,483,0305.14%273,587,50313,610,8494.97%4.31%0.95%
Stage 1. Financial instruments that do not deteriorate since their initial recognition or that have low credit risk at the end of the reporting period. (12-month expected credit losses).
Stage 2. Financial instruments that have significantly increased their risk since their initial recognition. (Lifetime expected credit losses).
Stage 3. Financial instruments that have Objective Evidence of Impairment in the reported period. (Lifetime expected credit losses)
2.6.        Operating Expenses

During 3Q26, operating expenses totaled COP 3,660 billion, representing an increase of 0.30% compared to 2Q26 and 5.13% compared to 3Q25. Operating efficiency closed at 46.64% in the quarter and 48.58% over the last 12 months.

Personnel expenses (salaries, employee benefits and bonuses) totaled COP 1,532 billion in the quarter, decreasing 0.74% compared to 2Q26 and increasing 6.70% compared to 3Q25.

Meanwhile, general expenses totaled COP 2,128 billion in the quarter, increasing 1.07% quarter-on-quarter and 4.03% year-on-year. The quarterly variation is mainly explained by higher non-income taxes, particularly higher Financial Transactions Tax (GMF) associated with dividend payments and the issuance of the AT1 bond by Bancolombia and subscribed by Grupo Cibest S.A., as well as higher general expenses related to operations and technology.

As of September 30, 2026, Grupo Cibest had 32,036 employees, 795 branches, 5,795 ATMs, 35,117 banking correspondents and more than 33 million customers.

*Figures in billionschart-24930c17238f41f39cda.jpg
2.7.        Taxes

Grupo Cibest's income tax totaled COP 891 billion in 3Q26, equivalent to an effective tax rate of 29.78%. The increase compared to the previous quarter is due to a base effect from the reversal of a COP 153 billion deferred tax in 2Q26, following the Constitutional Court's declaration of unconstitutionality of Legislative Decree 1474 of 2025 on April 15, 2026, which established a surtax on income tax for the financial sector. The effective rate continued to benefit from tax-exempt income associated with the social housing portfolio and
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3Q26
investments in productive fixed assets in Colombia, as well as tax benefits in Guatemala, El Salvador, and Panama related to investments in government securities.
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3.BREAKDOWN OF PRINCIPAL OPERATIONS
The following tables summarize the financial statements of our operations in each country.

BANCOLOMBIA CONSOLIDATED 1

In 2026, the Colombian economy maintained a favorable growth trajectory, albeit within an increasingly challenging macroeconomic environment. We project GDP growth of 2.6%, primarily driven by public spending, which is expected to expand by 9.1%, and by strong domestic demand, with private consumption growing by 2.7%, while fixed investment continues to recover at a rate of 3.5%. Sectoral performance, however, has been uneven, with strong performance in the services sector and a 2.0% contraction in the agricultural sector. The labor market has also contributed to sustaining consumption, with an unemployment rate lower than that observed in 2025 for much of the year. Nevertheless, the outlook has become more complex toward the end of 2026. Inflation accelerated again, and we project it will close the year at 6.7%, in a context marked by supply pressures and the onset of El Niño, which has led to an increase in the monetary policy rate to 12.25%. Added to this are the disruptions caused by the August earthquake and a demanding fiscal situation, in which spending has exceeded revenue generation capacity, and we project that the central government deficit will reach 7.2% of GDP. In the external sector, strong domestic demand and the appreciation of the peso have fueled robust import growth, while exports have also performed well, supported by high international oil prices.

In this context, Bancolombia's consolidated loan portfolio grew 4.13% in 3Q26 compared to the previous quarter, driven primarily by the dynamism of the commercial and mortgage loan portfolios. The commercial loan portfolio was led by ordinary loans in the corporate segment, boosted by the differentiated pricing strategy applied to some loans and the expectation of increases in the Central Bank's benchmark interest rate. In consumer lending, the decrease was mainly due to the transfer of Nequi's assets and liabilities. Excluding this impact, the portfolio showed positive growth, particularly in credit cards and personal loans. Meanwhile, the appreciation of the Colombian peso partially moderated the growth of the consolidated portfolio, due to the conversion effect on the portfolio of Colombian clients denominated in foreign currency and registered with Bancolombia Panama and Puerto Rico.

Regarding deposits, the total balance decreased by 0.37% compared to the previous quarter, mainly due to the effect of the Nequi spin-off and the normalization of savings accounts following the seasonal fluctuations observed in 2Q26. This change was partially offset by higher deposits in the institutional segment and by higher time deposits, also primarily from the institutional segment.

1 Bancolombia’s consolidated financial statements include Bancolombia S.A., Fiduciaria Bancolombia S.A., Bancolombia Investment Banking S.A., Inversiones CFNS, Valores Simesa, Valores Bancolombia, Bancolombia Panama, Bancolombia Puerto Rico, the Colombia Real Estate Fund (FCP Fondo Inmobiliario Colombia), Cibest Capital Holdings, CCLA, among other companies.
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3Q26
Regarding deposits, the total balance decreased by 0.37% compared to the previous quarter, mainly due to the effect of the transfer of Nequi's assets and liabilities and the normalization of savings accounts following the seasonal fluctuations observed in 2Q26.

This change primarily reflects a seasonal reduction in savings accounts held by individuals, partially offset by higher balances in savings accounts in the institutional segment and by growth in time deposits, also primarily from the institutional segment.

Bancolombia Consolidated's net income reached COP 2,125 billion in 3Q26, representing a 17.79% decrease compared to the previous quarter. Net interest income showed a quarterly decrease primarily due to lower valuations of financial instruments resulting from a smaller investment portfolio and higher zero-coupon yield curves, as well as higher interest expenses associated with a higher cost of funds and higher indexation rates. As a result, the net interest margin stood at 7.35%, a decrease of 71 basis points compared to 2Q26.

Provisions for loan losses increased compared to the previous quarter, mainly due to stronger loan portfolio growth, the normalization of spending in the corporate segment following significant releases recorded in 2Q26, higher past-due loan formation in credit card and UVR-denominated mortgage portfolios, and new provisions for specific clients in the agricultural export, construction, and manufacturing sectors. In this context, the cost of credit stood at 1.56%, compared to 1.46% in the previous quarter. The 30-day non-performing loan ratio was 3.58% at the end of 3Q26, registering a decrease of 13 basis points compared to the previous quarter. Meanwhile, the non-performing loan coverage ratio stood at 128.48%.

Net fees maintained a positive trend during the quarter, supported by the performance of revenues from structuring and placement of securities and investment banking services, higher credit card billing, and growth in bancassurance. This performance was also followed by a favorable evolution in fee expenses, which decreased quarter-on-quarter and maintained moderate growth compared to the previous year, reflecting the efficiency measures implemented on the transactional side.

Operating expenses decreased compared to 2Q26, driven by technology efficiencies associated with the progress of cloud migration and lower labor costs. This trend was partially offset by higher regulatory expenses, mainly due to the Financial Transactions Tax (GMF) associated with dividend payments and the issuance of the AT1 bond by Bancolombia and subscribed to by Grupo Cibest S.A.

Finally, the quarterly annualized ROE for 3Q26 was 29.08%.

The Tier 1 capital ratio stood at 12.53% and total capital adequacy at 14.01%. The slight decrease compared to the previous quarter was mainly due to the growth in risk-weighted assets and the reduction in equity associated with the payment of an extraordinary dividend to Grupo Cibest S.A. These effects were partially offset by the issuance of Additional Tier 1 (AT1) capital instruments and by the profits generated during the quarter.

The following are the statement of financial position, income statement, and key indicators for Bancolombia Consolidated as of 3Q26.

CONSOLIDATED CREDIT PORTFOLIO QUALITY OF BANCOLOMBIA

LOAN PORTFOLIO QUALITY
(Millions of pesos)2Q263Q26
Total past-due loan portfolio (30 days)8,276,1137,969,581
Loan loss provision
11,008,33312,488,578
Past-due portfolio / Total portfolio3.71%3.79%
Provision / Past-due portfolio133.01%156.70%
Provision for loan loss and interest as a percentage of total portfolio4.93%5.93%


3Q26
Consolidated Portfolio by Stages Bancolombia
loan
Portfolio Provisions%
Stage 1218,547,6921,880,6330.86%
Stage 210,646,0972,082,10419.56%
Stage 311,217,4737,949,20070.86%
Total240,411,26211,911,9374.95%
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3Q26
BANCOLOMBIA CONSOLIDATED KEY INDICATORS

BANCOLOMBIA CONSOLIDATED
AccumulatedQuarter
3Q25
3Q26
3Q25
2Q26
3Q26
PROFITABILITY
Net Interest Margin6.00%7.53%7.02%8.06%7.35%
Net Portfolio and Leasing Margin6.49%8.07%7.40%8.35%7.96%
MNI Investments, Debt Securities and Derivatives2.73%4.32%4.44%6.37%4.03%
ROA2.01%2.63%2.46%3.41%2.69%
ROE18.89%28.10%26.24%37.04%29.08%
EFFICIENCY
Financial Efficiency48.04%45.20%48.00%40.92%42.80%
Operational Efficiency3.54%4.11%4.15%3.99%3.76%
PORTFOLIO INDICATORS
30-Day Portfolio Quality3.87%3.58%3.87%3.71%3.58%
30-Day Portfolio Coverage126.66%128.48%126.66%133.01%128.48%
90-Day Portfolio Quality2.82%2.44%2.82%2.58%2.44%
90-Day Portfolio Coverage173.90%188.83%173.90%190.98%188.83%
Cost of Credit1.28%1.63%1.15%1.46%1.56%


BANCOLOMBIA CONSOLIDATED SOLVENCY RATIOS

BANCOLOMBIA CONSOLIDATED SOLVENCY RATIOS
3Q252Q263Q26
Technical equity31,453,95633,426,65234,544,346
Tier I solvency ratio
12.27%12.55%12.53%
Total solvency ratio14.29%14.19%14.01%
RWA
180,572,901190,210,305201,333,836
Total market risk10,850,87013,852,49812,879,980
Total operating risk28,739,98631,535,26932,276,936

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3Q26
BANAGRICOLA- EL SALVADOR

In 2026, El Salvador's economy consolidated a favorable dynamic, with growth showing a greater structural contribution from investment and continued resilience in household consumption. GDP grew 4.8% year-on-year in the first quarter and 5.1% in the second, driven especially by investment and construction, a sector that expanded by an average of 12.4% during the first half of the year. This performance was accompanied by solid private consumption, even though remittance growth moderated to 3.8% year-on-year during the first eight months of the year. At the same time, inflation maintained an upward trajectory, reaching 3.6% year-on-year in September, mainly as a result of higher fuel prices and their effects on transportation and food, along with reduced rainfall associated with El Niño. On the external front, the increased cost of energy imports and higher demand for construction inputs have put pressure on the current account, although the dynamism of service exports, especially travel and tourism, allowed the deficit to narrow to 1.2% of GDP in the second quarter. Finally, the approval of the second and third reviews of the program with the IMF and the associated disbursement of approximately USD 140 million represent significant progress on the fiscal front during 2026.

Banagricola's gross loan portfolio grew 3.3% in USD compared to the previous quarter, driven primarily by the commercial loan portfolio, with increased placements in corporate banking and greater activity in the construction segment. The consumer loan portfolio also contributed to growth, mainly through personal loans and credit cards. Banagrícola maintained positive momentum in cross-border loan origination, with the portfolio reaching USD 739 million at the end of the quarter, 13.1% higher than in 3Q25. These transactions are channeled through the Grupo Cibest's offshore subsidiaries and, therefore, are not recognized on the entity's individual balance sheet.

Deposits increased during the quarter, led by savings accounts in both the business and personal segments. Term deposits also registered growth, associated with a greater preference among individual clients for higher-yield savings alternatives, while current accounts remained stable. Digital channels continued to consolidate their position as a key component of the customer acquisition strategy. Finally, funding from financial institutions showed stable growth during the quarter.

Banagrícola's net income was COP 85.97 billion in 3Q26, 22.3% lower than the previous quarter, primarily due to higher provision expenses, increased operating expenses, and a lower contribution from treasury results, related to the valuation of investment portfolios and lower income from liquidity operations. However, portfolio growth boosted interest income, reflecting increased commercial activity during the period.

The net interest margin was 7.04%, a decrease of 23 basis points compared to 2Q26, mainly due to higher funding costs associated with financing from financial institutions and subordinated debt.

Net provision expenses for the period increased in USD terms compared to the previous quarter, primarily due to higher requirements for consumer products and contingent credit lines, as well as methodological adjustments to risk parameters. The cost of credit was 2.46% in 3Q26, a decrease of 4.76 basis points compared to the previous quarter, explained by the effect of the restatement between the closing and average exchange rates.

Net fees remained relatively stable in USD compared to the previous quarter (-0.3%), supported by the strong performance of services associated with credit and debit cards and insurance. In COP, the appreciation of the Colombian peso resulted in a decrease compared to 2Q26.

Operating expenses increased in USD compared to the previous quarter, mainly due to higher administrative and personnel expenses, associated with accounting adjustments, franchise costs, and labor expenses, partially offset by lower depreciation. In COP, the revaluation of the peso offset this increase, bringing operating expenses to levels lower than those recorded in 2Q26.

Finally, the annualized quarterly ROE was 16.85%.

The total solvency ratio stood at 13.85% at the end of 3Q26, decreasing compared to the previous quarter mainly due to the growth of risk-weighted assets, associated with the expansion of the portfolio, and the effect of dividend payments on equity.











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3Q26

STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT, CONSOLIDATED (1)

STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENTAccumulated
Variation Accumulated
QuarterChange
(COP million)
3Q25
3Q26
3Q26 / 3Q25
3Q252Q263Q263Q26 / 2Q263Q26 / 3Q25
ASSETS
Gross loans17,754,10316,871,406(4.97)
%
17,754,10316,959,17116,871,406(0.52)%(4.97)%
Allowances for loans(568,030)(547,187)(3.67)
%
(568,030)(554,591)(547,187)(1.34)%(3.67)%
Net Investments
4,731,5813,342,838(29.35)
%
4,731,5813,933,4763,342,838(15.02)%(29.35)%
Other assets5,202,2374,283,300(17.66)
%
5,202,2374,237,4454,283,3001.08%(17.66)%
Total assets27,119,89123,950,358(11.69)
%
27,119,89124,575,50023,950,358(2.54)%(11.69)%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits22,027,89119,751,350(10.33)
%
22,027,89120,260,59919,751,350(2.51)%(10.33)%
Other liabilities2,203,0922,080,061(5.58)
%
2,203,0922,091,1232,080,061(0.53)%(5.58)%
Total liabilities24,230,98321,831,411(9.90)
%
24,230,98322,351,72221,831,411(2.33)%(9.90)%
Non-controlling interest49,78743,672(12.28)
%
49,78745,70643,672(4.45)%(12.28)%
Stockholders’ equity attributable to the owners of the parent company2,839,1202,075,275(26.90)
%
2,839,1202,178,0722,075,275(4.72)%(26.90)%
Total liabilities and shareholders’ equity27,119,89023,950,358(11.69)
%
27,119,89024,575,50023,950,358(2.54)%(11.69)%
Interest income1,555,5631,401,042(9.93)
%
534,749486,216438,668(9.78)%(17.97)%
Interest expense(330,038)(287,712)(12.82)
%
(101,558)(96,047)(90,705)(5.56)%(10.69)%
Net interest income1,225,5251,113,330(9.15)
%
433,192390,169347,963(10.82)%(19.67)%
Net provisions(253,972)301,217(218.60)
%
(110,200)(110,516)(100,873)(8.73)%(8.46)%
Fees and income from service, net234,282222,642(4.97)
%
77,76077,60168,154(12.17)%(12.35)%
Other operating income53,03025,794(51.36)
%
14,20410,3657,286(29.71)%(48.70)%
Total operating expense(678,652)(654,332)(3.58)
%
(226,228)(224,582)(209,285)(6.81)%(7.49)%
Profit before tax580,213406,216(29.99)
%
188,728143,037113,245(20.83)%(40.00)%
Income tax(135,167)(85,055)(37.07)
%
(41,669)(30,279)(25,614)(15.41)%(38.53)%
Net income before non-controlling interest445,045321,161(27.84)
%
147,059112,75887,631(22.28)%(40.41)%
Non-controlling interest(8,380)(6,016)(28.21)
%
(2,770)(2,092)(1,659)(20.70)%(40.11)%
Net income436,665315,145(27.83)
%
144,289110,66585,972(22.31)%(40.42)%
(1) Corresponds to the results of Banagrícola and its subsidiaries before eliminating intercompany transactions with other Grupo Cibest companies
PRINCIPAL RATIOSAccumulatedQuarter
3Q25
3Q26
3Q25
2Q26
3Q26
NIM7.41
%
7.08
%
7.86%7.27%7.04%
ROE20.92
%
19.17
%
20.18%19.88%16.85%
ROA2.20
%
1.67
%
2.17%1.71%1.45%
CoR1.86
%
2.33
%
2.41%2.51%2.46%
Financial Efficiency44.86
%
48.05
%
43.08%46.97%49.43%
Total Solvency13.56
%
13.85
%
13.56%14.75%13.85%
30 Day PDL1.83
%
1.96
%
1.83%2.00%1.96%
30 Day PDL Coverage156.98
%
151.39
%
156.98%149.14%151.39%
90 Day PDL0.97
%
0.98
%
0.97%1.00%0.98%
90 Day PDL Coverage297.77
%
303.31
%
297.77%297.38%303.31%
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3Q26
GRUPO AGROMERCANTIL HOLDING – GUATEMALA

In 2026, Guatemala's economy maintained a favorable performance, supported primarily by strong domestic demand and remittance flows. GDP grew 4.5% year-on-year in the first quarter and 4.3% in the second, with strong performance in trade, manufacturing, construction, and financial activities. Remittances, in turn, accumulated 5.5% year-on-year growth during the first nine months of the year and continued to support household consumption, which advanced by approximately 4.0%. In contrast to the robust economic activity, inflationary pressures increased during the second half of the year. Inflation reached 4.7% year-on-year in September, its highest level since October 2023, driven mainly by rising food and transportation prices due to the effects of El Niño and increased fuel costs. In this context, the Bank of Guatemala has maintained its monetary policy rate at 3.50% and remains cautious regarding the evolution of weather conditions and international energy prices. On the fiscal front, we project a deficit of 3.5% of GDP for 2026, while the Government moves forward with strengthening the Public-Private Partnerships scheme as a mechanism to promote infrastructure projects.

BAM's loan portfolio decreased by 1.52% in USD compared to the previous quarter, mainly due to lower balances in the business segment. In consumer lending, the lower balances in discretionary loans, resulting from the implemented portfolio quality containment strategies, were partially offset by positive performance in credit cards and other loans, while mortgage lending showed slower growth during the quarter. Cross-border activity continued to complement BAM's origination activity. Although these balances are not recognized in its individual balance sheet, they correspond to business originated by the entity and channeled through the various offshore entities of the Grupo Cibest. This portfolio reached USD 639 million, with a quarterly growth of 10.17% and an annual growth of 62.5%.

Regarding deposits, the growth in savings and checking accounts stood out, and to a lesser extent, in time deposits, primarily driven by higher balances from corporate and institutional clients. Loans from financial institutions decreased during the quarter due to amortization of credit lines with correspondent banks.

BAM's net income in 3Q26 was COP 19.7 billion, representing a 79.85% decrease compared to the previous quarter.

Net interest income decreased by 25.03% compared to the previous quarter, mainly due to lower income from the loan portfolio and a lower cash flow result, given the volatility of international markets and the valuation of dollar-denominated positions. This effect was partially offset by lower interest expenses, which decreased by 12.20%, primarily due to lower costs associated with obligations to financial institutions, in line with the strategy of optimizing the funding structure.

BAM's loan portfolio quality continued to show positive growth, reflected in the performance of the 30- and 90-day past-due loan ratios. Provisioning expenses increased compared to 2Q26, primarily due to higher coverage requirements associated with updated risk models and parameters. In this context, the cost of credit stood at 2.46% in 3Q26, representing a quarterly increase.

Net fees, measured in USD, increased 1.5% compared to 2Q26, driven by lower fee expenses and the absence of extraordinary items recorded in the previous quarter. In COP, this performance was offset by the effect of the peso's revaluation.

Operating expenses increased in USD compared to the previous quarter, primarily due to salary and compensation adjustments, along with higher investments in commercial initiatives and technology to support growth in strategic segments and strengthen operational capabilities. In COP, the effect of the peso's revaluation resulted in a decrease compared to 2Q26.

Finally, the annualized quarterly ROE was 4.32% for the quarter and 13.75% for the year to date.

The total solvency ratio was 13.42%. The increase compared to the previous quarter is due to a lower capital requirement base.














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3Q26
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT, CONSOLIDATED (1)

STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT
Accumulated
Variation Accumulated
QuarterChange
(COP million)
3Q25
3Q26
3Q26/3Q25
3Q252Q263Q263Q26 / 2Q263Q26 / 3Q25
ASSETS
Gross loans19,531,02215,864,952(18.77)
%
19,531,02216,735,64615,864,952(5.20)%(18.77)%
Allowances for loans(878,211)(688,167)(21.64)
%
(878,211)(701,734)(688,167)(1.93)%(21.64)%
Net Investments
2,799,8132,296,775(17.97)
%
2,799,8132,276,6782,296,7750.88%(17.97)%
Other assets4,210,3023,470,036(17.58)
%
4,210,3023,456,1783,470,0360.40%(17.58)%
Total assets25,662,92720,943,595(18.39)
%
25,662,92721,766,76920,943,595(3.78)%(18.39)%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits18,679,72816,686,211(10.67)
%
18,679,72816,974,01916,686,211(1.70)%(10.67)%
Other liabilities4,819,1922,362,601(50.98)
%
4,819,1922,847,3272,362,601(17.02)%(50.98)%
Total liabilities23,498,92019,048,812(18.94)
%
23,498,92019,821,34619,048,812(3.90)%(18.94)%
Non-controlling interest48,88444,969(8.01)
%
48,88446,10844,969(2.47)%(8.01)%
Stockholders’ equity attributable to the owners of the parent company2,115,1221,849,815(12.54)
%
2,115,1221,899,3151,849,815(2.61)%(12.54)%
Total liabilities and shareholders’ equity25,662,92720,943,596(18.39)
%
25,662,92721,766,76920,943,596(3.78)%(18.39)%
Interest income1,541,0941,250,000(18.89)
%
508,476447,005361,004(19.24)%(29.00)%
Interest expense(762,547)(592,839)(22.26)
%
(250,410)(201,868)(177,234)(12.20)%(29.22)%
Net interest income778,547657,161(15.59)
%
258,066245,137183,770(25.03)%(28.79)%
Net provisions(336,014)(247,631)(26.30)
%
(97,908)(76,121)(97,128)27.60%(0.80)%
Fees and income from service, net98,917156,26057.97
%
33,12051,07245,496(10.92)%37.37%
Other operating income96,88284,628(529.10)
%
16,31637,19915,796(57.54)%(3.19)%
Total operating expense(534,161)(415,720)(143.94)
%
176,698(140,680)(132,712)(5.66)%(175.11)%
Profit before tax104,171234,699(92.55)
%
32,896116,60715,222(86.95)%(53.73)%
Income tax(12,662)(30,991)(113.20)
%
(1,658)(16,324)(5,239)(67.91)%215.98%
Net income before non-controlling interest91,509203,708(757.31)
%
31,238100,2839,983(90.05)%(68.04)%
Non-controlling interest(1,293)(4,433)242.72
%
(4,805)(2,482)(756)(69.54)%(84.27)%
Net income92,803199,275114.73
%
39,36097,80119,704(79.85)%(49.94)%
(1) Corresponds to the results of Grupo Agromercantil Holding and its subsidiaries before eliminating intercompany transactions with other Grupo Cibest companies
Accumulated
Quarter
PRINCIPAL RATIOS
3Q25
3Q26
3Q25
2Q26
3Q26
NIM4.59
%
4.49
%
4.59%4.91%4.08%
ROE5.69
%
13.75
%
7.28%20.12%4.32%
ROA0.47
%
1.18
%
0.61%1.70%0.38%
CoR2.22
%
1.92
%
1.96%1.72%2.46%
Financial Efficiency54.82
%
46.29
%
57.46%42.19%54.15%
Basic Solvency7.35
%
7.05
%
7.35%7.35%7.05%
Total Solvency13.27
%
13.42
%
13.27%12.97%13.42%
30 Day PDL3.22
%
3.00
%
3.22%3.08%3.00%
30 Day PDL Coverage124.92
%
129.58
%
124.92%121.92%129.58%
90 Day PDL2.20
%
2.12
%
2.20%2.29%2.12%
90 Day PDL Coverage183.23
%
183.07
%
183.23%164.21%183.07%
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3Q26

NEQUI

Third quarter 2026 represented a transition period for Nequi, given that September was the company's first month of operation outside of Bancolombia's books. In this context, both the balance sheet and income statement incorporated non-recurring items related to the independence process, and the income statement only reflects one month of Nequi's full operations, corresponding to September.

At the end of the third quarter 2026, the gross loan portfolio stood at COP 2,469 billion, corresponding to consumer loans. Meanwhile, deposits totaled COP 6,882 billion, collected through savings accounts.

Investments reached COP 3.801 billion, reflecting the treasury portfolio for liquidity management.

Equity reached COP 634.4 billion, primarily reflecting the capital contribution of COP 600 billion that Nequi received from Grupo Cibest S.A. and other subsidiaries.

Meanwhile, the income statement recorded non-recurring effects associated with the asset and liability transfer process, which significantly impacted the period's performance.

Net interest income totaled COP 113.7 billion, corresponding to the loan portfolio and investments. Regarding loan portfolio interest income, there was an extraordinary income of COP 20.2 billion related to interest accrual on loans past due by more than 30 days.

Net provisions totaled COP 83.7 billion, which includes an extraordinary charge of COP 39.0 billion resulting from the transition to the risk model parameters applicable to Nequi as a financing company.

Meanwhile, net fees reached COP 16.5 billion, primarily derived from invoice collection and payment services.

Other operating income totaled COP 34.8 billion, primarily from administrative charges between Nequi and Bancolombia, while operating expenses totaled COP 92.1 billion.

In this context, Nequi recorded an accounting loss of COP 5.8 billion for the third quarter.
17
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3Q26
STATEMENT OF FINANCIAL POSITION NEQUI
(Millions of Pesos)
3Q26
ASSETS
Net Financial Portfolio and Leasing2,061,180
Gross Financial Portfolio and Leasing2,469,232
Commercial0
Consumer2,469,232
Mortage0
Microcredit0
Residential Leasing0
Provisions Portfolio and Financial Leasing(408,051)
Total net placements2,061,180
Investments3,800,559
Investment Provisions(10,942)
NET INVESTMENTS3,789,617
Trading derivatives0
Cash and cash equipment1,319,039
Other productive assets0
Other assets1,336,469
TOTAL ASSETS8,506,305
LIABILITIES
Deposits6,882,173
Time Deposits0
Savings6,882,173
Interest-Bearing Checking Account0
Checking Account0
Savings Certificates0
Bonds0
Loans from financial institutions0
Other Interest-Bearing Liabilities0
Interest-bearing liabilities6,882,173
Trading derivatives0
Other Non-Interest-Bearing Liabilities989,694
Non-Interest-Bearing liabilities989,694
Other liabilities989,694
Discontinued Operations (Liabilities)0
TOTAL LIABILITIES7,871,866
Minority Interest0
TOTAL EQUITY634,439



18
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3Q26
NEQUI STANDALONE INCOME STATEMENT
3Q26
(Millions of Pesos)Quarter
NET INTEREST INCOME113,692
Interest Income115,089
Total Portfolio and Leasing77,334
Investments in Debt Securities, Derivatives and Liquidity37,755
Investments in Debt Securities28,388
Operations Liquidity (Repos, Interbank and others)12,058
Derivatives, net(2,691)
Interest Expenses1,397
Foreign Exchange Difference and Derivatives Income5,202
Net banking operating income118,895
Net provisions83,730
Net commissions16,546
Commission Income47,836
Commission Expense31,290
Other net operating income34,783
Operating income86,494
Operating income (Before Provisions)170,224
Depreciation of Operating Lease0
Impairment of Goodwill0
Labor31,918
Bonuses5,670
General54,559
Operating expenses92,148
PROFIT BEFORE TAX(5,654)
Provision for income tax193
Wealth tax0
Profit before non-controlling interest(5,847)
Minority interest0
Discontinued Operation (Net Profit)0
NET INCOME(5,847)
19
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3Q26
4.Grupo Cibest Company Description (NYSE: CIB, BVC: CIBEST Y PFCIBEST)

Grupo Cibest is a conglomerate of financial institutions and complementary businesses that offers a broad portfolio of products and services to a diversified base of over 33 million entities and individual clients. Grupo Cibest distributes its products and services through a regional platform comprising the largest private banking network in Colombia, with further presence in the Central American market through El Salvador's leading financial group, as well as international banking subsidiaries and local licenses in Panama, Guatemala, and Puerto Rico. BANCOLOMBIA and its business lines provide brokerage services, investment banking, financial leasing, factoring, consumer credit, fiduciary services, asset management, among others.
Contact Information
Grupo Cibest Investor Relations
Phone:(601) 4885371
E-mail:IR@Grupocibest.com.co
Contacts:Catalina Tobón Rivera (IR Director)
Website:https://www.grupocibest.com/Investor-relations

20
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3Q26
STATEMENT OF FINANCIAL POSITION BANCOLOMBIA STANDALONE
QuarterVariation
 3Q25
 2Q26
 3Q26
3Q26 / 2Q26
3Q26 / 3Q25
ASSETS
Cash and cash equivalents16,598,15416,954,01614,308,098(15.61)%(13.80)%
Investment instruments, net23,053,37137,961,80434,133,964(10.08)%48.06%
Derivative instruments4,019,0828,037,4337,944,074(1.16)%97.66%
Investment instruments and derivatives27,072,45345,999,23742,078,038(8.52)%55.43%
Loan portfolio from customers and financial institutions201,050,217217,211,492226,858,0774.44%12.84%
Impairment of loan portfolio and finance lease operations(12,603,577)(13,193,209)(13,199,131)0.04%4.73%
Loan portfolio from customers and financial institutions, net188,446,640204,018,283213,658,9464.73%13.38%
Assets held for sale and inventories252,527305,702301,991(1.21)%19.59%
Investments in subsidiaries8,411,5028,559,4618,845,3353.34%5.16%
Investments in associates and joint ventures202,625309,788353,52914.12%74.47%
Property and equipment, net4,656,8504,458,1314,496,7930.87%(3.44)%
Investment property947,3691,546,4241,564,2911.16%65.12%
Right-of-use assets, leased, net1,253,7291,284,3881,163,469(9.41)%(7.20)%
Intangible assets, net392,597439,878422,778(3.89)%7.69%
Deferred taxes0.000.000.000.000.00
Other assets, net4,531,8274,377,3925,212,73419.08%15.02%
Total assets252,766,273288,252,700292,406,0021.44%15.68%
LIABILITIES AND EQUITY
LIABILITIES
Customer deposits194,364,604216,192,377216,149,187(0.02)%11.21%
Interbank and repurchase agreements2,557,3556,829,1067,452,9909.14%191.43%
Derivative instruments4,737,3089,337,1119,274,001(0.68)%95.77%
Financial obligations7,775,8898,825,3417,998,590(9.37)%2.86%
Lease liabilities1,347,6121,353,6021,238,338(8.52)%(8.11)%
Debt securities issued7,276,2086,571,5659,454,84043.88%29.94%
Preferred stock
Taxes1,826,0401,671,2662,569,60953.75%40.72%
Deferred taxes Net income23,410305,543143,004(53.20)510.87%
Employee benefits703,739689,055742,2337.72%5.47%
Other liabilities7,866,6979,741,99110,450,0267.27%32.84%
TOTAL LIABILITIES228,478,862261,516,957265,472,8181.51%16.19%
EQUITY
Share capital480,914480,914480,9140.000.00
Share premium4,837,4974,837,4974,837,4970.000.00
Reserves13,063,35816,569,06714,769,067(10.86)%13.06%
Retained earnings4,609,0863,752,9525,772,10353.80%25.23%
Other accumulated comprehensive income, net of taxes1,296,5561,095,3131,073,603(1.98)%(17.20)%
TOTAL EQUITY24,287,41126,735,74326,933,1840.74%10.89%
TOTAL LIABILITIES AND EQUITY252,766,273288,252,700292,406,0021.44%15.68%
21
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3Q26
BANCOLOMBIA STANDALONE INCOME STATEMENT
Accumulated
Variation
Quarter
Quarterly Variation
3Q25
3Q26
3Q26/ 3Q25
3Q25
2Q26
3Q26
3Q26/ 2Q26
3Q26/ 3Q25
Interest on loan portfolios and financial leasing operations
Commercial8,517,08310,269,61320.58%2,830,6613,465,7213,716,4777.24%31.29%
Consumer4,816,0665,511,04714.43%1,645,2961,880,8821,845,709(1.87)%12.18%
Microcredit141,963197,81439.34%55,69364,58767,6824.79%21.53%
Mortgage2,426,3052,869,72018.28%734,1631,006,602918,700(8.73)%25.14%
Leasing2,315,7852,682,25115.82%776,490898,441958,3896.67%23.43%
Total interest on loan portfolio and financial leasing transactions18,217,20221,530,44518.19%6,042,3037,316,2337,506,9572.61%24.24%
Interbank funds sold26,58520,372(23.37)%9,7618,2323,385(58.88)%(65.32)%
Interest and valuation of investments1,304,0711,664,80127.66%506,913741,648590,628(20.36)%16.51%
Other interest income114,358172,62450.95%46,76263,33655,730(12.01)%19.18%
Total interest income and valuation19,662,21623,388,24218.95%6,605,7398,129,4498,156,7000.34%23.48%
Interest expenses(7,709,637)(8,895,992)15.39%(2,567,689)(3,043,212)(3,195,033)4.99%24.43%
Net interest margin and valuation of financial instruments before provision for impairment of loan portfolio, financial guarantees, and other assets11,952,57914,492,25021.25%4,038,0505,086,2374,961,667(2.45)%22.87%
Provision for impairment of loan portfolio and financial leasing transactions, net(2,162,400)(2,980,554)37.84%(580,061)(742,069)(1,231,218)65.92%112.26%
Provision for impairment of financial guarantees and other assets, net(51,225)(28,746)(43.88)%(39,655)(8,857)(8,144)(8.05)%(79.46)%
Total provisions and impairment, net(2,213,625)(3,009,300)35.94%(620,516)(750,926)(1,239,362)65.04%99.73%
Interest income and valuation of financial instruments after provisions and impairment, net9,738,95411,482,95017.91%3,417,5344,335,3113,722,305(14.14)%8.92%
Income from fees and other services4,497,9064,945,8389.96%1,549,7781,670,9461,670,8950.007.82%
Expenses from fees and other services(2,437,612)(2,091,657)(14.19)%(840,318)(692,728)(685,225)(1.08)%(18.46)%
Total income from fees and other services, net2,060,2942,854,18138.53%709,460978,218985,6700.76%38.93%
Other operating income, net1,513,0711,559,3133.06%492,966536,930511,714(4.70)%3.80%
Equity method905,360904,333(0.11)%273,856320,878328,5712.40%19.98%
Dividends4,5565,36717.80%0.001,5960.00(100.00)%0.00
Impairment of investments0.000.000.000.000.000.000.000.00
Gain on valuation and sale of equity investments43,11424,653(42.82)%12,71012,696666(94.75)%(94.76)%
Dividends and other net income from equity investments953,030934,353(1.96)%286,566335,170329,237(1.77)%14.89%
Total income Net14,265,34816,830,79717.98%4,906,5266,185,6295,548,926(10.29)%13.09%
Operating Expenses
Salaries and Employee Benefits(3,147,749)(3,457,308)9.83%(1,053,372)(1,151,672)(1,153,340)0.14%9.49%
Other Administrative and General Expenses(2,862,970)(3,283,149)14.68%(987,038)(1,113,032)(1,086,138)(2.42)%10.04%
Taxes(922,329)(1,009,081)9.41%(320,143)(332,786)(337,864)1.53%5.54%
Wealth Tax0.000.000.000.00337,7210.00(100.00)%0.00%
Amortization, Depreciation, and Impairment(730,780)(719,505)(1.54)%(250,967)(239,377)(231,839)(3.15)%(7.62)%
Total Operating Expenses(7,663,828)(8,469,043)10.51%(2,611,520)(2,499,146)(2,809,181)12.41%7.57%
Profit Before Income Tax6,601,5208,361,75426.66%2,295,0063,686,4832,739,745(25.68)%19.38%
Income Tax **(1,792,263)(2,429,376)35.55%(668,583)(1,092,172)(724,945)(33.62)%8.43%
Net Profit for the Year Attributable to Controlling Interest4,809,2575,932,37823.35%1,626,4232,594,3112,014,800(22.34)%23.88%
Net Profit4,809,2575,932,37823.35%1,626,4232,594,3112,014,800(22.34)%23.88%
22
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3Q26
CONSOLIDATED STATEMENT OF FINANCIAL POSITION OF BANCOLOMBIA
Quarter
Variation
(Millions of pesos)
3Q25
2Q26
3Q26
3Q26 / 2Q26
3Q26 / 3Q25
ASSET
Cash14,824,04416,994,63515,740,667(7.38)%6.18%
Interbank Transactions2,355,2992,093,9251,675,690(19.97)%(28.85)%
Repos2,391,695815,537313,085(61.61)%(86.91)%
Investments in Financial Assets25,698,81441,762,29238,236,270(8.44)%48.79%
Derivative Financial Instruments4,019,0818,038,2387,932,000(1.32)%97.36%
Customer Loan Portfolio215,584,450230,879,779240,411,2624.13%11.52%
Commercial146,851,835154,977,217165,014,0306.48%12.37%
Consumer39,391,18642,972,50641,498,146(3.43)%5.35%
Mortage28,358,88831,847,78432,778,1042.92%15.58%
Microcredit982,5411,082,2721,120,9823.58%14.09%
Provision for loan portfolio impairment and financial leasing operations(11,360,786)(12,199,991)(11,911,937)(2.36)%4.85%
Investments in associates and joint ventures2,985,7613,352,6383,426,8332.21%14.77%
Intangible Assets and Goodwill, net419,611484,132471,457(2.62)%12.36%
Property and Equipment, net4,718,9674,518,9284,557,9640.86%(3.41)%
Investment Properties6,027,4966,644,2096,678,7960.52%10.81%
Right-of-Use Property and Equipment1,000,2421,068,746959,635(10.21)%(4.06)%
Prepaid Expenses745,067785,563825,2845.06%10.77%
Tax Prepayments1,909,8451,578,8442,320,94147.00%21.53%
Deferred Tax7,04122,21019,328(12.98)%174.51%
Assets Held for Sale and Inventories, net709,015771,615831,0607.70%17.21%
Other Assets, net3,621,1033,684,6133,816,2233.57%5.39%
Total Assets275,656,745311,295,913316,304,5581.61%14.75%
LIABILITIES AND EQUITY
LIABILITIES
Customer deposits213,980,746236,186,759235,308,372(0.37)%9.97%
Current accounts21,975,03921,703,26321,705,5070.01%(1.23)%
Other deposits5,557,3306,924,767653,816(90.56)%(88.24)%
Savings accounts105,416,051122,023,201121,677,010(0.28)%15.43%
Time deposits81,032,32685,535,52891,272,0396.71%12.64%
Interbank transactions291,003155,942311,37299.67%7.00%
Derivative financial instruments4,740,6629,342,8289,265,113(0.83)%95.44%
Financial obligations5,918,4696,661,2577,245,5168.77%22.42%
Issued debt securities7,624,5896,779,5809,625,86041.98%26.25%
Lease liabilities1,035,9511,082,826974,507(10.00)%(5.93)%
Preferred shares0000.000.00
Repos2,273,1326,673,1647,144,0187.06%214.28%
Current taxes1,975,9641,796,2442,744,06752.77%38.87%
Net deferred tax1,199,6451,433,5801,393,649(2.79)%16.17%
Employee benefits756,190741,216794,2227.15%5.03%
Other liabilities8,088,01210,094,62310,835,9597.34%33.98%
Total liabilities247,884,363280,948,019285,642,6551.67%15.23%
NET EQUITY
Share capital480,914480,914480,9140.00%0.00%
Share premium4,857,4544,857,4544,857,4540.00%0.00%
Reserves11,299,86915,149,47813,349,443(11.88)%18.14%
Retained earnings9,151,8997,954,55910,084,60626.78%10.19%
Other accumulated comprehensive income, net of taxes774,365637,964617,984(3.13)%(20.19)%
Equity attributable to shareholders of the parent company26,564,50129,080,36929,390,4011.07%10.64%
Non-controlling interest1,207,8811,267,5251,271,5020.31%5.27%
Total Liabilities and Shareholders' Equity275,656,745311,295,913316,304,5581.61%14.75%
23
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3Q26
BANCOLOMBIA CONSOLIDATED INCOME STATEMENTAccumulated
Variation Accumulated
Quarter
Variation
(Millions of pesos)
3Q25
3Q26
3Q26 / 3Q25
3Q25
2Q26
3Q26
3Q26 / 2Q26
3Q26/ 3Q25
Interest income and expenses
Interest on loan portfolio and financial leasing transactions
Commercial9,240,56710,799,52716.87%3,115,5363,678,8963,871,9275.25%24.28%
Consumer4,911,2305,599,73214.02%1,666,9771,916,5351,863,312(2.78)%11.78%
Microcredit143,745201,83540.41%56,50565,72469,2505.36%22.56%
Mortgage2,536,4162,997,66618.19%763,4191,074,812933,986(13.10)%22.34%
Leasing2,282,6602,626,08715.05%766,987879,509937,8966.64%22.28%
Total interest on loan portfolio and financial leasing operations19,114,61822,224,84716.27%6,369,4247,615,4767,676,3710.80%20.52%
Interest on debt instruments measured using the effective interest method514,102726,43141.30%170,834270,370260,345(3.71)%52.40%
Total interest income from financial instruments measured using the effective interest method19,628,72022,951,27816.93%6,540,2587,885,8467,936,7160.65%21.35%
Interbank funds sold73,01959,458(18.57)%19,39021,14716,160(23.58)%(16.66)%
Total valuation of financial instruments912,8621,154,72926.50%375,469595,346373,292(37.30)%(0.58)%
Total interest income and valuation of financial instruments20,614,60124,165,46517.22%6,935,1178,502,3398,326,168(2.07)%20.06%
Total interest expense(8,094,136)(9,255,577)14.35%(2,689,765)(3,161,179)(3,314,914)4.86%23.24%
Net interest margin and valuation of financial instruments before provision for loan portfolio impairment and financial leasing, off-balance sheet commitments, and other financial instruments12,520,46514,909,88819.08%4,245,3525,341,1605,011,254(6.18)%18.04%
Provision for loan portfolio impairment and financial leasing operations(2,349,142)(2,754,916)17.27%(643,152)(802,786)(916,206)14.13%42.46%
Provision for other financial instruments, net(11,080)(64,104)478.56%22,973(35,418)2,3831.07%(89.63)%
Total provisions and impairment of credit risk, net(2,360,222)(2,819,020)19.44%(620,179)(838,204)(913,823)9.02%47.35%
Net interest income and valuation of financial instruments after provisions and impairment10,160,24312,090,86819.00%3,625,1734,502,9564,097,431(9.01)%13.03%
Total fee income5,065,9365,515,3808.87%1,776,8751,871,1421,884,7960.73%6.07%
Total fee expenses(1,984,195)(1,997,545)0.67%(697,413)(663,984)(655,769)(1.24)%(5.97)%
Total fee income, net3,081,7413,517,83514.15%1,079,4621,207,1581,229,0271.81%13.86%
Total other operating income1,678,4311,867,99911.29%513,053680,870589,542(13.41)%14.91%
Total dividends and other net income from equity participation364,774396,1228.59%117,002164,573102,777(37.55)%(12.16)%
Total net income15,285,18917,872,82416.93%5,334,6906,555,5576,018,777(8.19)%12.82%
Operating Expenses
Salaries and Employee Benefits(3,485,467)(3,825,741)9.76%(1,163,936)(1,280,105)(1,267,902)(0.95)%8.93%
Other Administrative and General Expenses(3,430,957)(3,493,472)1.82%(1,162,155)(1,189,360)(1,146,346)(3.62)%(1.36)%
Taxes Other Than Income Tax(971,071)(1,071,019)10.29%(334,104)(353,299)(356,611)0.94%6.74%
Wealth Tax0.00(358,780)100.00%0.000.000.000.000.00
Amortization, Depreciation, and Impairment(590,207)(602,729)2.12%(198,010)(202,768)(196,636)(3.02)%(0.69)%
Total Operating Expenses(8,477,702)(9,351,741)10.31%(2,858,205)(3,025,532)(2,967,495)(1.92)%3.82%
Profit from Continuing Operations Before Income Tax6,807,4878,521,08325.17%2,476,4853,530,0253,051,282(13.56)%23.21%
Income Tax from Continuing Operations(1,926,087)(2,447,305)27.06%(767,698)(899,148)(906,440)0.81%18.07%
Net Profit from Continuing Operations4,881,4006,073,77824.43%1,708,7872,630,8772,144,842(18.47)%25.52%
Net Profit from Discontinued Operations0.000.000.000.000.000.000.000.00
Net Profit4,881,4006,073,77824.43%1,708,7872,630,8772,144,842(18.47)%25.52%
Non-Controlling Interest(72,020)(89,661)24.49%(16,462)(45,908)(19,857)(56.75)%20.62%
Net Profit for the Year Attributable to Shareholders of the Parent Company4,809,3805,984,11724.43%1,692,3252,584,9692,124,985(17.79)%25.57%
24

STATEMENT OF FINANCIAL POSITION GRUPO CIBEST
Change
(COP million)Pro Forma 3Q252Q263Q263Q26 / 2Q263Q26 / 3Q25
ASSETS
Cash22,234,81627,738,32923,254,568(16.16)%4.59%
Interbank2,512,2582,435,4961,867,855(23.31)%(25.65)%
Repos2,413,088815,537313,085(61.61)%(87.03)%
Investments in Financial Assets33,316,64948,219,27245,440,913(5.76)%36.39%
Derivative Financial Instruments4,019,1378,038,4657,927,147(1.38)%97.24%
Customer Loan Portfolio249,472,974262,273,181273,587,5034.31%9.67%
Provision for Impairment of Loan Portfolio and Financial Leasing Operations(12,891,568)(13,483,030)(13,610,849)0.95%5.58%
Investments in Associates and Joint Ventures3,064,3023,445,8323,503,0691.66%14.32%
Intangible Assets and Goodwill, Net2,607,0352,389,6632,549,4496.69%(2.21)%
Property and Equipment, Net5,509,3175,186,1955,257,9971.38%(4.56)%
Investment Properties6,027,4966,644,2096,678,7960.52%10.81%
Right-of-Use Property and Equipment1,280,9661,373,7911,342,325(2.29)%4.79%
Prepaid Expenses838,634892,707936,6024.92%11.68%
Tax Prepayments2,095,1341,839,6592,561,07339.21%22.24%
Deferred Tax1,750,741170,691202,02118.35%(88.46)%
Assets Held for Sale and Inventories, Net730,724804,695886,88710.21%21.37%
Assets Related to Investments in Subsidiaries Held for Sale45,407,0730.000.000.00(100.00)%
Other Assets, Net4,242,8824,297,5796,463,87450.41%52.35%
Total Assets374,631,658363,082,271369,162,3151.67%(1.46)%
LIABILITIES AND EQUITY
LIABILITIES
Customer Deposits253,183,281271,046,925275,035,7201.47%8.63%
Interbank291,003155,942311,37299.67%7.00%
Derivative Financial Instruments4,735,6799,342,9679,270,696(0.77)%95.76%
Financial Obligations9,603,9298,774,8609,247,5745.39%(3.71)%
Issued Debt Securities7,815,4006,987,2556,418,109(8.15)%(17.88)%
Lease Liabilities1,301,6611,372,7361,344,152(2.08)%3.26%
Preferred Stock568,928554,091568,3062.57%(0.11)%
Repos2,836,7866,673,1647,187,3917.71%153.36%
Current Taxes2,073,2161,911,1862,863,54549.83%38.12%
Deferred Tax, Net1,191,4751,471,6271,453,973(1.20)%22.03%
Employee Benefits930,599893,350942,3625.49%1.26%
Liabilities Related to Investments in Subsidiaries Held for Sale37,312,1100.000.000.00(100.00)%
Other Liabilities9,197,58014,501,73914,464,902(0.25)%57.27%
Total Liabilities331,041,647323,685,842329,108,1021.68%(0.58)%
EQUITY
Share Capital480,914480,914480,9140.000.00
Share Premium4,857,4914,857,4914,857,4910.000.00
Reserves23,499,08621,777,63818,710,120(14.09)%(20.38)%
Retained Earnings9,047,8488,467,60012,437,78146.89%37.47%
Other Comprehensive Income, Net of Taxes4,492,5182,540,0292,296,691(9.58)%(48.88)%
Equity attributable to Owners of the Parent Company42,377,85738,123,67238,782,9971.73%(8.48)%
Non-Controlling Interest1,212,1541,272,7571,271,216(0.12)%4.87%
Total Liabilities and Equity374,631,658363,082,271369,162,3151.67%(1.46)%
25

CONSOLIDATED INCOME STATEMENT
As ofChange
As of		QuarterVariation
(COP million)
3Q25
3Q26
3Q26 / 3Q25
3Q25
2Q26
3Q26
3Q26 / 2Q26
3Q26 / 3Q25
Interest income and expenses
Interest on loan portfolio and financial leasing operations
Commercial11,037,50411,795,0936.86%3,724,7334,030,9734,178,3603.66%12.18%
Consumer5,585,5986,836,21522.39%1,883,5262,311,8202,312,3690.02%22.77%
Microcredit143,745201,83540.41%56,50665,72469,2505.36%22.55%
Mortgage2,711,0443,228,02819.07%819,2261,154,4991,003,113(13.11)%22.45%
Leasing2,397,3952,741,32614.35%804,707916,476981,5977.11%21.98%
Total interest on loan portfolio and financial leasing operations21,875,28624,802,49713.38%7,288,6988,479,4928,544,6890.77%17.23%
Interest on debt instruments measured using the effective interest method533,080743,64439.50%176,941272,972269,048(1.44)%52.06%
Total interest income from financial instruments measured using the effective interest method22,408,36625,546,14114.00%7,465,6398,752,4648,813,7370.70%18.06%
Interbank funds sold73,40263,315(13.74)%19,70422,14918,863(14.84)%(4.27)%
Total valuation on financial instruments1,216,5861,328,7849.22%482,238679,396398,511(41.34)%(17.36)%
Total interest income and valuation of financial instruments23,698,35426,938,24013.67%7,967,5819,454,0099,231,111(2.36)%15.86%
Total interest expense(9,115,527)(9,975,684)9.44%(3,007,606)(3,416,764)(3,488,226)2.09%15.98%
Net interest margin and valuation of financial instruments before provision for loan portfolio impairment and financial leasing, off-balance sheet commitments, and other financial instruments14,582,82716,962,55616.32%4,959,9756,037,2455,742,885(4.88)%15.78%
Provision for loan portfolio impairment and financial leasing operations(2,974,746)(3,379,152)13.59%(870,669)(988,154)(1,188,364)20.26%36.49%
Provision for other financial instruments, net281(68,351)(24424.20)%37,543(35,167)(6,558)(81.35)%(117.47)%
Total provisions and impairment of credit risk, net(2,974,465)(3,447,503)15.90%(833,126)(1,023,321)(1,194,922)16.77%43.43%
Net income from interest and valuations of financial instruments after provisions and impairment11,608,36213,515,05316.43%4,126,8495,013,9244,547,963(9.29)%10.20%
Total fee income5,708,0466,249,6329.49%2,000,8972,113,5392,130,6340.81%6.48%
Total fee expenses(2,243,123)(2,228,365)(0.66)%(791,866)(739,254)(734,728)(0.61)%(7.22)%
Total fee income, net3,464,9234,021,26716.06%1,209,0311,374,2851,395,9061.57%15.46%
Total other operating income2,473,2062,392,235(3.27)%828,026945,042592,466(37.31)%(28.45)%
Total Dividends and other net income from equity participation378,316418,50610.62%121,224170,904116,792(31.66)%(3.66)%
Total income Net17,924,80720,347,06113.51%6,285,1307,504,1556,653,127(11.34)%5.86%
Operating Expenses
Salaries and Employee Benefits(4,300,930)(4,629,674)7.64%(1,435,931)(1,543,663)(1,532,191)(0.74)%6.70%
Other Administrative and General Expenses(4,318,233)(4,393,084)1.73%(1,435,162)(1,467,156)(1,480,356)0.90%3.15%
Taxes Other Than Income Tax(1,097,672)(1,219,288)11.08%(369,505)(389,203)(406,147)4.35%9.92%
Wealth Tax0.00(374,823)100.00%0.00(778)0.00(100.00)%0.00
Amortization, Depreciation, and Impairment(724,175)(737,271)1.81%(241,035)(248,583)(241,646)(2.79)%0.25%
Total Operating Expenses(10,441,010)(11,354,140)8.75%(3,481,633)(3,649,383)(3,660,340)0.30%5.13%
Profit from Continuing Operations Before Income Tax7,483,7978,992,92120.17%2,803,4973,854,7722,992,787(22.36)%6.75%
Income Tax from Continuing Operations(2,123,615)(2,588,602)21.90%(835,894)(987,741)(891,325)(9.76)%6.63%
Net Profit from Continuing Operations5,360,1826,404,31919.48%1,967,6032,867,0312,101,462(26.70)%6.80%
Net Profit from Discontinued Operations389,865(35,700)(109.16)%188,723(85,753)0.00(100.00)%(100.00)%
Net Profit5,750,0476,368,61910.76%2,156,3262,781,2782,101,462(24.44)%(2.54)%
Non-Controlling Interest(76,977)(100,811)30.96%(12,223)(50,934)(21,109)(58.56)%72.70%
Net Profit for the Year Attributable to Shareholders of the Parent Company5,673,0706,267,80810.48%2,144,1032,730,3442,080,353(23.81)%(2.97)%
26
gc_logotipoxnegroxvertical2a.jpg
3Q26
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GRUPO CIBEST S.A.
(Registrant)
Date: November 9, 2026By:
/s/ MAURICIO BOTERO WOLFF
Name:Mauricio Botero Wolff
Title:
Vice President of Strategy and Finance
27

Source: View Original Filing on SEC EDGAR

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