Bancolombia S.A. (CIB) Income Statement Analysis

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Complete financial analysis of Bancolombia S.A. (CIB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bancolombia S.A., a leading company in the Banks – Regional industry within the Financial Services sector.

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Bancolombia S.A. (CIB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.grupobancolombia.com

About Bancolombia S.A.

Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. 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, 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; financial support to real estate developers and mortgages for individuals and companies; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides project and acquisition finance, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, 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; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAMs; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia S.A. was incorporated in 1945 and is headquartered in Medellín, Colombia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	20,878.33B	24,205.69B	17,360.89B	15,721.57B	15,822.03B	14,498.87B	14,621.48B	13,541.58B	10,621.28B	9,339.58B	7,621.15B	7,259.86B	6,350.11B	5,503.48B	5,791.39B	5,524.49B	4,285.55B	3,029.42B	3,224.40B	1,920.97B	1,626.57B	1,229.23B	1,068.34B	816.55B	735.58B	877.42B
Cost of Revenue	-26,198.38B	4,896.07B	0.00	0.00	0.00	16.30B	0.00	0.00	0.00	0.00	0.00	0.00	86.70B	0.00	918.76B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	47,076.71B	19,309.63B	17,360.89B	15,721.57B	15,822.03B	14,482.57B	14,621.48B	13,541.58B	10,621.28B	9,339.58B	7,621.15B	7,259.86B	6,263.41B	5,503.48B	4,872.63B	5,524.49B	4,285.55B	3,029.42B	3,224.40B	1,920.97B	1,626.57B	1,229.23B	1,068.34B	816.55B	735.58B	877.42B
Gross Profit Ratio	225.48%	79.77%	100.00%	100.00%	100.00%	99.89%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	98.63%	100.00%	84.14%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	10,194.35B	8,977.56B	7,304.52B	6,185.52B	6,435.88B	6,028.82B	5,771.88B	5,460.27B	4,492.99B	4,612.82B	4,120.02B	3,783.58B	3,241.34B	2,846.77B	2,640.89B	952.54B	1,805.01B	659.08B	615.33B	403.82B	333.93B	286.53B	250.57B	230.43B	264.27B	264.71B
Selling & Marketing	175.69B	185.12B	153.07B	128.01B	151.25B	144.90B	127.14B	120.05B	113.82B	94.43B	98.18B	104.11B	187.35B	0.00	0.00	0.00	68.22B	0.00	0.00	0.00	0.00	11.46B	0.00	0.00	9.97B	14.63B
SG&A	10,370.04B	8,977.56B	7,304.52B	6,185.52B	6,435.88B	6,028.82B	5,771.88B	5,460.27B	4,492.99B	4,612.82B	4,120.02B	3,783.58B	3,428.68B	2,846.77B	2,640.89B	952.54B	1,873.24B	659.08B	615.33B	403.82B	333.93B	297.99B	250.57B	230.43B	274.25B	279.33B
Other Expenses	0.00	18.46B	-18,802.39B	-21,637.68B	-17,877.60B	-11,352.88B	-10,566.66B	-9,063.76B	-2,866.49B	-58.77B	37.06B	35.22B	76.06B	86.08B	-2,338.89B	13.38B	32.00B	-1,615.47B	-1,464.26B	-948.25B	-977.56B	-808.02B	-601.37B	-675.62B	-448.12B	-241.65B
Operating Expenses	10,604.31B	18.46B	-11,497.87B	-15,452.16B	-11,441.72B	-5,324.05B	-4,794.79B	-3,603.50B	-231.98B	4,554.05B	4,157.08B	3,818.79B	3,504.74B	2,932.85B	302.00B	965.91B	1,905.24B	-956.39B	-848.93B	-544.43B	-643.63B	-510.03B	-350.80B	-445.19B	-173.87B	37.68B
Cost & Expenses	10,604.31B	4,914.52B	-11,497.87B	-15,452.16B	-11,441.72B	-5,324.05B	-214.04B	-122.27B	-404.76B	4,554.05B	4,157.08B	3,818.79B	3,591.44B	2,931.30B	918.76B	965.91B	1,905.24B	-956.39B	-848.93B	-544.43B	-643.63B	-510.03B	-350.80B	-445.19B	-173.87B	37.68B
Interest Income	36,467.47B	25,434.25B	15,665.19B	16,473.79B	16,856.24B	15,731.89B	16,160.25B	15,204.62B	11,038.90B	9,345.61B	8,130.68B	7,661.88B	5,945.59B	4,948.69B	6,427.70B	6,313.74B	4,810.41B	2,878.22B	3,201.17B	1,648.61B	1,357.27B	739.26B	881.55B	834.45B	1,115.97B	1,374.40B
Interest Expense	16,668.30B	8,442.47B	4,351.56B	5,863.01B	6,179.79B	5,670.22B	6,232.99B	6,053.10B	4,037.94B	3,240.79B	3,122.13B	2,894.86B	2,042.01B	1,571.58B	2,625.42B	2,753.34B	2,002.09B	1,190.19B	1,150.67B	574.60B	465.89B	467.05B	528.47B	458.61B	755.35B	915.90B
Depreciation & Amortization	1,082.84B	949.45B	855.17B	736.37B	824.59B	493.90B	433.03B	479.03B	477.29B	934.93B	507.74B	365.29B	274.24B	251.71B	254.26B	141.13B	232.91B	140.83B	164.80B	84.61B	123.88B	91.69B	102.51B	100.67B	91.42B	88.55B
EBITDA	10,274.02B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.16	-0.92	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	49.21%	74.26%	38.70%	6.40%	32.90%	66.39%	71.95%	78.12%	72.38%	74.10%	76.45%	77.20%	71.98%	70.13%	93.74%	87.46%	85.96%	73.08%	78.78%	76.06%	68.05%	65.97%	76.76%	57.81%	88.79%	114.39%
Operating Income	10,274.02B	17,024.93B	5,863.02B	269.41B	4,380.32B	9,158.52B	10,040.73B	10,060.35B	374.04B	5,985.82B	5,318.58B	5,239.37B	4,296.86B	3,607.88B	5,174.63B	4,690.64B	3,450.90B	2,073.03B	2,375.48B	1,376.54B	982.95B	719.20B	717.54B	371.36B	561.70B	915.10B
Operating Income Ratio	49.21%	70.33%	33.77%	1.71%	27.68%	63.17%	68.67%	74.29%	3.52%	64.09%	69.79%	72.17%	67.67%	65.56%	89.35%	84.91%	80.52%	68.43%	73.67%	71.66%	60.43%	58.51%	67.16%	45.48%	76.36%	104.29%
Total Other Income/Expenses	-2,126.50B	-1,447.46B	-1,228.64B	-1,341.81B	-1,491.03B	-1,451.90B	-1,431.51B	-1,285.06B	-1,119.53B	-921.45B	-860.01B	-471.02B	-2,162.45B	-1,662.97B	-168.09B	-2,925.94B	-2,002.09B	924.41B	1,224.40B	814.48B	517.06B	-467.05B	-528.47B	-458.61B	-755.35B	-915.90B
Income Before Tax	8,147.53B	9,744.79B	5,984.01B	308.77B	4,477.53B	3,615.87B	3,992.77B	3,968.28B	3,235.64B	2,467.80B	1,932.22B	2,169.12B	2,134.41B	1,944.91B	1,718.86B	1,764.70B	1,448.81B	882.84B	1,224.81B	801.94B	517.06B	252.15B	189.07B	-87.25B	-193.64B	-794.91M
Income Before Tax Ratio	39.02%	40.26%	34.47%	1.96%	28.30%	24.94%	27.31%	29.30%	30.46%	26.42%	25.35%	29.88%	33.61%	35.34%	29.68%	31.94%	33.81%	29.14%	37.99%	41.75%	31.79%	20.51%	17.70%	-10.68%	-26.33%	-0.09%
Income Tax Expense	1,932.56B	2,748.42B	1,776.23B	-6.59B	1,262.96B	829.44B	1,238.60B	1,176.83B	649.25B	589.08B	417.10B	467.07B	470.52B	508.42B	462.01B	474.06B	361.88B	167.02B	277.61B	234.27B	61.94B	42.98B	31.89B	26.85B	27.26B	10.33B
Net Income	6,116.94B	6,783.49B	4,086.80B	275.99B	3,117.35B	2,658.86B	2,615.00B	2,865.33B	2,518.89B	1,878.72B	1,515.13B	1,702.05B	1,663.89B	1,436.49B	1,256.85B	1,290.64B	1,086.92B	715.83B	947.20B	567.67B	455.12B	209.17B	157.18B	-114.09B	-220.91B	-11.13B
Net Income Ratio	29.30%	28.02%	23.54%	1.76%	19.70%	18.34%	17.88%	21.16%	23.72%	20.12%	19.88%	23.44%	26.20%	26.10%	21.70%	23.36%	25.36%	23.63%	29.38%	29.55%	27.98%	17.02%	14.71%	-13.97%	-30.03%	-1.27%
EPS	6.36K	3.77K	2.28K	183.85	1.75K	11.06K	11.12K	12.16K	10.72K	7.81K	7.11K	7.99K	8.45K	7.29K	6.38K	10.13K	5.73K	4.12K	5.20K	4.00K	3.07K	1.46K	1.08K	-840.43	-3.55K	-201.37
EPS Diluted	6.36K	3.77K	2.28K	183.85	1.75K	11.06K	11.12K	12.16K	10.72K	7.81K	7.11K	7.99K	8.45K	7.29K	6.38K	10.13K	5.73K	4.12K	5.20K	4.00K	3.07K	1.46K	1.08K	-791.36	-3.55K	-178.86
Weighted Avg Shares Out	961.83M	961.83M	961.83M	961.83M	961.83M	240.46M	240.46M	240.46M	240.46M	240.46M	212.96M	212.96M	196.96M	196.96M	196.96M	196.96M	189.58M	181.92M	181.95M	144.21M	148.31M	143.35M	144.97M	135.76M	62.28M	55.27M
Weighted Avg Shares Out (Dil)	961.83M	961.83M	961.83M	961.83M	961.83M	240.46M	240.46M	240.46M	240.46M	240.46M	212.96M	212.96M	196.96M	196.96M	196.96M	196.96M	189.58M	181.96M	181.96M	144.21M	148.31M	144.17M	144.97M	144.17M	62.28M	62.22M

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