CBC delivered a clean beat with accelerating earnings, margin expansion, and aggressive capital return ($32M buyback + 118% dividend hike). The stock trades at a discount to high-performing peers (implied ~10x core P/E per the deck). Watch for M&A deployment of the $1.9B excess capital and continued buyback execution under the $50M authorization.
Price Chart
Executive Summary
Central Bancompany reported Q1 2026 GAAP net income of $111.1M ($0.46 diluted EPS), up 17.2% YoY from $94.8M ($0.43), driven by 10.2% net interest income growth and 10.7% noninterest income growth. The company also executed $32M in share repurchases at $24.03/share and increased its quarterly dividend 118% to $0.12/share. Net interest margin (FTE) compressed 5 bps QoQ to 4.36% but expanded 13 bps YoY.
Key Financial Metrics
Key Facts
- GAAP net income $111.1M vs $94.8M YoY (+17.2%); diluted EPS $0.46 vs $0.43 YoY (+7.2%)
- Net interest income $208.6M, +10.2% YoY; FTE NIM 4.36%, +13 bps YoY
- Noninterest income $65.1M, +10.7% YoY; wealth management fees +16.0% YoY
- Efficiency ratio (FTE) improved to 45.7% from 48.7% YoY
- Repurchased 1.3M shares for $32M at avg $24.03; quarterly dividend raised 118% to $0.12
- CET1 ratio 28.6%; excess capital of $1.9B ($7.80/share) above 13.5% target
- Average deposits +5.2% YoY; average loans (ex-other consumer) +3% YoY
- Nonperforming loans / loans HFI 0.45% vs 0.43% YoY; net charge-offs 0.10% annualized
Financial Impact
Net income +17.2% YoY to $111.1M; EPS +7.2% to $0.46; NII +10.2% YoY
Risk Factors
- NIM compressed 5 bps QoQ as deposit funding invested in lower-yielding short-term assets
- Nonperforming loans rose 13.2% QoQ to $52.1M (0.45% of loans); delinquencies increased to 0.39% from 0.34% YoY
- Legal & professional fees +24.3% YoY due to public company costs and tech initiatives
- Excess capital of $1.9B dilutes ROTCE (core ROTCE 24.5% vs reported 13.0%)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027732 |
| Document: investordeckq12026final.htm | 0001628280-26-027732 |
| Document: cbci-20260428.htm | 0001628280-26-027732 |
| Document: 0001628280-26-027732-index-headers.html | 0001628280-26-027732 |
| Document: 0001628280-26-027732-index.html | 0001628280-26-027732 |
| Document: 0001628280-26-027732.txt | 0001628280-26-027732 |
| 8-K Data (Synthetic) | 0001628280-26-027732 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | Press Release | $31.25 | awaiting T+60 | — | $34.83 (+11.46%) |
Sep 22, 2026 4w ago | Institutional Cluster | $31.69 | awaiting T+60 | — | $34.83 (+9.91%) |
Aug 4, 2026 11w ago | 8-K | $33.36 | awaiting T+60 | — | $34.83 (+4.41%) |
May 21, 2026 22w ago | Press Release | $28.41 $32.55 | ▲ +14.57% | ▲ +10.27% | $34.83 (+22.60%) |
May 5, 2026 24w ago | 8-K | $27.29 $32.80 | ▲ +20.19% | ▲ +18.13% | $34.83 (+27.63%) |
Apr 28, 2026 25w ago | 8-K | $25.89 $31.71 | ▲ +22.48% | ▲ +18.49% | $34.83 (+34.53%) |
Apr 28, 2026 25w ago | Press Release | $25.89 $31.71 | ▲ +22.48% | ▲ +18.49% | $34.83 (+34.53%) |
Apr 6, 2026 29w ago | Press Release | $24.22 $31.36 | ▲ +29.48% | ▲ +16.01% | $34.83 (+43.81%) |
Mar 25, 2026 30w ago | DEFA14A | $23.93 $28.44 | ▲ +18.85% | ▲ +4.90% | $34.83 (+45.55%) |
US Market Status
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