Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
ColombiaIPO:
26 July 1995Website:
http://www.grupobancolombia.comNext earnings report:
20 February 2025Last dividends:
27 September 2024Next dividends:
N/APrice
after hours | Tue, 19 Nov 2024 00:36:58 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CIB Latest News
Bancolombia S.A. (NYSE:CIB ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Juan Carlos Mora - Chief Executive Officer Laura Clavijo - Chief Economist Mauricio Wolff - Chief Financial Officer Conference Call Participants Ernesto Gabilondo - Bank of America Merrill Lynch Yuri Fernandes - JPMorgan Andres Soto - Santander Investment Securities Inc. Eric Ito - Bradesco BBI Olavo Arthuzo - UBS Operator Good morning, ladies and gentlemen, and welcome to Bancolombia's Third Quarter 2024 Earnings Conference Call.
BROOKFIELD, Wis., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH) announced that it has completed the $13.4 million full and final redemption of all of its preferred stock at $825 per share. Effective October 31, 2024, CIB Marine transferred the necessary funds to its redemption agent, Computershare Trust Company, N.A., and all of CIB Marine's outstanding preferred shares were redeemed pursuant to the Notice of Redemption and Letter of Transmittal dated October 17, 2024.
Bancolombia trades at a cheap 5.5x FWD earnings with a 10% dividend yield, making it a strong value play. The company is heavily investing in digital services, showing strong innovation and potential for growth in the Latin American banking sector. With improving inflation trends in Colombia, Bancolombia is poised to benefit from potential rate cuts and increased economic activity, making it a buy for investors.
BROOKFIELD, Wis., July 16, 2024 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and six months ended June 30, 2024. During the quarter, net interest income increased $0.2 million from the prior quarter, the Mortgage Division earned $0.2 million, and CIBM Bank completed a sale-leaseback transaction with a gross purchase price of $6.6 million and a net gain on sale of $4.5 million.
Bancolombia (CIB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Bancolombia (CIB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
TRTX, PMT, and CIB were included in the Zacks Rank #1 (Strong Buy) income stocks list on May 13, 2024.
CIB, MPLX, and STEP were included in the Zacks Rank #1 (Strong Buy) income stocks list on April 15, 2024.
ZURVY and CIB made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 3, 2023.
VVI, CIB and PFSI made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 3, 2023.
- 1(current)
What type of business is Bancolombia SA?
Bancolombia S.A., together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, money market accounts, time deposits, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; factoring; and financial and operating leasing services. The company provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services comprising selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency and trade finance solutions; letters of credit and bills collection; insurance and bancassurance products; telephone and mobile phone banking services; and online and computer banking services. Further, the company provides project and acquisition finance, loan syndication, corporate loans, debt and equity capital markets, principal investments, mergers and acquisition, hedging strategy advisories, restructurings, and structured financing; mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; credit cards; roadside and medical assistance services; and transportation, maintenance and remodeling, and outsourcing services, as well as provides technology services. Bancolombia S.A. was founded in 1875 and is headquartered in Medellín, Colombia.
What sector is Bancolombia SA in?
Bancolombia SA is in the Financial Services sector
What industry is Bancolombia SA in?
Bancolombia SA is in the Banks - Regional industry
What country is Bancolombia SA from?
Bancolombia SA is headquartered in Colombia
When did Bancolombia SA go public?
Bancolombia SA initial public offering (IPO) was on 26 July 1995
What is Bancolombia SA website?
https://www.grupobancolombia.com
Is Bancolombia SA in the S&P 500?
No, Bancolombia SA is not included in the S&P 500 index
Is Bancolombia SA in the NASDAQ 100?
No, Bancolombia SA is not included in the NASDAQ 100 index
Is Bancolombia SA in the Dow Jones?
No, Bancolombia SA is not included in the Dow Jones index
When was Bancolombia SA the previous earnings report?
No data
When does Bancolombia SA earnings report?
The next expected earnings date for Bancolombia SA is 20 February 2025