- Bancolombia reported a net income of COP 1.70 trillion for the fourth quarter, exceeding estimates of COP 1.37 trillion.
- The bank’s total loan portfolio grew by 11% year-over-year, reaching COP 263.27 trillion.
- Net interest income fell by 4.1% year-over-year, amounting to COP 5.02 trillion, which was below the estimated COP 5.22 trillion.
- Bancolombia achieved a return on equity of 15.7% during this period.
- Total assets increased by 8.5% year-over-year, totaling COP 372.22 trillion at the end of the quarter.
- Analyst recommendations for Bancolombia include 3 buy ratings, 6 holds, and 1 sell.
A look at Bancolombia SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bancolombia SA shows promising long-term prospects. The company scores high in Growth, Resilience, and Momentum, indicating a strong outlook for future expansion, stability, and positive market momentum. With a solid score in Dividend as well, investors can expect attractive returns in the form of dividends over the long run. Bancolombia SA‘s focus on value is also reflected in its moderate score in this category, highlighting a balanced approach to financial performance.
Bancolombia SA, a leading banking institution offering a range of services from loans to insurance, operates in multiple countries, including Colombia, Panama, and Puerto Rico. With a diversified business model and a strong presence in key markets, the company is well-positioned for continued growth and resilience in the face of economic fluctuations. Investors looking for a company with strong growth potential, solid dividend payouts, and robust market performance may find Bancolombia SA an appealing long-term investment opportunity.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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