Columbia Banking System and Bancolombia Post Quarterly Earnings

Columbia Banking System reported second‑quarter earnings per share of $0.73 and operating earnings per share of $0.76. Management highlighted continued balance‑sheet reshaping, expense discipline and returning capital to shareholders. Net interest margin was 3.93% (adjusted for a one‑time credit‑related reversal) and total loan balances fell to $47.2 billion, with commercial loan volume rising 9% quarter‑over‑quarter and now representing 42% of the loan portfolio.

Bancolombia, Colombia’s largest bank, rebounded from its weakest two‑month profit in five years to capture roughly 45% of the country’s banking‑sector profits. Normalized net income for Q1 2026 reached COP 1.8 trillion (about $355 million) after a profit trough earlier in the year, and full‑year 2024 net income was COP 6.439 trillion (about $1.27 billion). Return on equity rose to 16.3%, and its fintech arms Nequi and Wompi achieved breakeven. The profit recovery was driven by a higher net interest margin, stronger net fee income and lower loan‑loss provisions.