Core Insights - Three stocks are highlighted with a buy rank and strong value characteristics for investors to consider on November 24 Group 1: John B. Sanfilippo & Son, Inc. (JBSS) - The company operates in the tree nuts and peanuts sector and holds a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.8% over the last 60 days [1] - The price-to-earnings ratio (P/E) is 11.84, significantly lower than the industry average of 29.50 [1] - The company has a Value Score of A [1] Group 2: Grupo Cibest S.A. (CIB) - This company provides banking services and products and also holds a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 8.7% over the last 60 days [2] - The price-to-earnings ratio (P/E) is 7.81, compared to 24.24 for the S&P 500 [2] - The company has a Value Score of B [2] Group 3: Pediatrix Medical Group, Inc. (MD) - The company specializes in newborn care, maternal-fetal medicine, and pediatric subspecialty services, holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 15.7% over the last 60 days [3] - The price-to-earnings ratio (P/E) is 11.19, lower than the S&P 500 average of 24.24 [3] - The company has a Value Score of B [3]

Core Insights - Three stocks are highlighted with strong income characteristics and a buy rank for investors to consider on November 24 Group 1: Grupo Cibest S.A. (CIB) - The Zacks Consensus Estimate for Grupo Cibest's current year earnings has increased by 8.7% over the last 60 days [1] - The company has a Zacks Rank of 1 and offers a dividend yield of 8%, significantly higher than the industry average of 0.0% [1] Group 2: John B. Sanfilippo & Son, Inc. (JBSS) - The Zacks Consensus Estimate for John B. Sanfilippo's current year earnings has increased by 7.8% over the last 60 days [2] - This company also holds a Zacks Rank of 1 and has a dividend yield of 1.3%, compared to the industry average of 0.0% [2] Group 3: Seanergy Maritime Holdings Corp. (SHIP) - The Zacks Consensus Estimate for Seanergy Maritime's current year earnings has seen a significant increase of 66.7% over the last 60 days [3] - The company has a Zacks Rank of 1 and offers a dividend yield of 2.1%, which is higher than the industry average of 1.1% [3]

Core Viewpoint - Grupo Cibest (CIB) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the strong correlation between changes in earnings estimates and near-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their trading actions based on these estimates can lead to significant price movements [3]. Business Improvement Indicators - The upgrade in ratings and rising earnings estimates for Grupo Cibest suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively [4]. Importance of Earnings Estimate Revisions - Tracking earnings estimate revisions is crucial for investment decisions, and the Zacks Rank system effectively leverages this information to classify stocks [5][6]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [6]. Specific Earnings Estimates for Grupo Cibest - For the fiscal year ending December 2025, Grupo Cibest is expected to earn $7.27 per share, with a 3.3% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings, with only the top 5% of stocks receiving a "Strong Buy" rating, indicating superior earnings estimate revisions [8][9]. - The upgrade of Grupo Cibest to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9].

Group 1: Seagate Technology Holdings plc (STX) - Seagate Technology Holdings plc is a data storage devices and solutions company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7% over the last 60 days [1] - The company has a PEG ratio of 1.05, which is lower than the industry average of 1.49, and possesses a Growth Score of B [1] Group 2: Cibest S.A. (CIB) - Cibest S.A. provides banking services and products and also carries a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 3.3% over the last 60 days [2] - The company has a PEG ratio of 1.24 compared to the industry average of 2.17, and possesses a Growth Score of B [2] Group 3: H World Group Limited (HTHT) - H World Group Limited is a hotel management company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 3% over the last 60 days [3] - The company has a PEG ratio of 1.15, which is lower than the industry average of 1.86, and possesses a Growth Score of B [3]

Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - Return on equity (ROE) expanded by 288 basis points during the period, reaching 20.4% [5][28] - The standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter and 5.9% annually [4][14] - Consumer loans were the main driver of growth, with credit card usage and Nequi's performance contributing significantly [14][22] - Mortgages registered strong growth, with an annual increase of 11% [14] Market Data and Key Metrics Changes - The Colombian economy sustained a recovery with an expected annual growth rate of 2.4% for Q3, consistent with a full-year GDP forecast of 2.6% [10] - Central American operations showed resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [12] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders through a new corporate structure under a holding company [6] - The share buyback program is progressing well, enhancing ROE performance and boosting key valuation metrics [7][8] - The launch of Nequi is seen as a significant step towards sustained profitability, with expectations of breakeven by Q1 of next year [5][22] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of a robust digital offer combined with physical presence to manage funding costs effectively [36] - The company anticipates loan growth of approximately 3.5% for 2025, with a net interest margin estimated at 6.5% [30][31] - The cost of risk is expected to be in the range of 1.5-1.7%, indicating continued improvements in asset quality [31] Other Important Information - The company reported a significant reduction in net provisions, amounting to COP 800 billion, a 24% quarterly drop [24][26] - Operating expenses decreased by 2.4% during the quarter, driven by efficiency strategies [27] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in managing funding costs through a diverse deposit base and a robust digital offer, with ROE guidance for 2025 around 17% [35][37] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on presidential candidates will improve by January, with efficiency guidance for 2026 set around 50% [42][46] Question: Loan growth breakdown and sustainable levels for new PDL - Loan growth for 2026 is guided at 7%, with consumer loans expected to grow around 10% [54][58] Question: Model recalibration and tax rates - The model recalibration reflects improved credit risk across all countries, with an effective tax rate for Grupo Cibest around 28% [64][66] Question: Buyback program and Nequi's profitability roadmap - Management expressed satisfaction with the buyback program's progress and highlighted Nequi's strong performance, expecting profitability in 2026 [78][81]

Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - ROE expanded by 288 basis points during the period, reaching 20.4% [5][28] - Grupo Cibest's standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter [4][14] - Consumer loans were the main driver of growth, with a notable increase in credit card usage and strong performance from Nequi [14][22] - Mortgages registered an annual growth of 11% [14] Market Data and Key Metrics Changes - The Colombian economy sustained its recovery through the third quarter, with economic activity likely expanding at an annual rate of 2.4% [10] - Central American operations showed notable resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [12] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders through a new corporate structure under the holding company [6] - The share buyback program launched in mid-July is enhancing ROE performance and boosting key valuation metrics [7][8] - The launch of Breve was completed smoothly, with Bancolombia and Nequi accounting for 52% of all digital keys registered [9] Management Comments on Operating Environment and Future Outlook - Management anticipates continued improvements in asset quality and a cost of risk in the range of 1.5%-1.7% for 2025 [31] - The company expects loan growth of approximately 3.5% for 2025, with a net interest margin estimated at 6.5% [30][31] - The management is confident that Nequi will reach profitability by 2026, following its separation from Bancolombia [81] Other Important Information - Net provisions amounted to COP 800 billion, a 24% quarterly drop and close to 48% annual contraction [24][25] - Operating expenses decreased by 2.4% during the quarter, driven by efficiency strategies [27] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in managing funding costs through a robust digital offer and physical presence [36] - ROE guidance for 2025 is around 17%, with potential for improvement [37] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on candidates will emerge closer to the elections, with January and March being key months for assessment [44] - Efficiency guidance for 2026 is around 50%, with ongoing efforts to optimize expenses [46][48] Question: Loan growth breakdown and sustainable levels for new PDL - Loan growth for 2026 is guided at 7%, with consumer loans expected to grow around 10% [54] - Management indicated a cost of risk range of 1.6%-1.8% for 2026, reflecting improved credit risk behavior [55] Question: Model recalibration and tax rates - The model recalibration applies to all banks within Grupo Cibest, reflecting improved credit risk across countries [64] - The effective tax rate for Grupo Cibest is around 28%, varying by country [66] Question: Buyback program and Nequi's profitability roadmap - Management is satisfied with the buyback program's progress and remains flexible regarding future capital allocation [80] - Nequi is expected to continue its growth trajectory, with profitability anticipated in 2026 [81]

Financial Data and Key Metrics Changes - Net income grew nearly 20% quarter-over-quarter and 43% year-over-year, driven by resilient margins and a sharp decline in provision charges [4][28] - Return on equity (ROE) expanded by 288 basis points during the period, reaching 20.4% [5][28] - The standalone double leverage ratio was 106%, indicating strong creditworthiness and room for further leverage [5] Business Line Data and Key Metrics Changes - Nominal loan growth was flat during the quarter, but adjusted for effects, loan growth would have reached 1.2% quarter-over-quarter and 5.9% annually [4][12] - Consumer loans were the main driver of growth, with credit card usage stimulated by marketing campaigns [12][22] - Mortgages registered strong growth, with an annual increase of 11% [12] Market Data and Key Metrics Changes - The Colombian economy sustained a recovery with an expected annual growth rate of 2.4% for the third quarter [9] - Economic activity in Central America showed resilience, with El Salvador expected to grow 2.2% and Guatemala projected to expand 3.6% [11] Company Strategy and Development Direction - The company is well-positioned to deliver sustained value creation for shareholders, supported by a new corporate structure under a holding company [5][30] - The share buyback program is progressing well, enhancing ROE performance and boosting key valuation metrics [6][28] - The launch of Nequi is seen as a significant step towards sustained profitability, with expectations of breakeven by Q1 of next year [5][56] Management's Comments on Operating Environment and Future Outlook - Management highlighted the effectiveness of the business model and operational capabilities in navigating a competitive market [4] - The company anticipates continued improvements in asset quality and a stable cost of risk, with projections for loan growth revised to approximately 3.5% for 2025 [30][31] - The cost of risk is expected to be in the range of 1.5-1.7%, indicating ongoing improvements [31] Other Important Information - The company processed approximately 70 million transactions amounting to COP 7.2 trillion in flows within the new digital key system [8] - The asset quality continued to improve, with a significant reduction in past due loans and a 24% quarterly drop in net provisions [24][25] Q&A Session Summary Question: Sustainability of funding costs and potential upward revisions to ROE - Management emphasized a structural advantage in funding costs due to a robust digital offer and physical presence, with guidance for ROE around 17% for 2025 [33][34] Question: Update on presidential elections and efficiency guidance - Management noted that clarity on candidates will improve by January, with efficiency guidance for 2026 set around 50% [37][40] Question: Loan growth breakdown and sustainable levels for new past due loans - Loan growth for 2026 is projected at 7%, with consumer loans expected to grow around 10% [42][44] Question: Model recalibration and tax rates - The model recalibration reflects improved credit risk across all countries, with an effective tax rate for Grupo Bancolombia around 28% [48][49] Question: Buyback program and Nequi's profitability roadmap - The buyback program is progressing well, and Nequi is expected to achieve profitability in 2026, with a strong performance in its loan book [56][58]

Financial Results 3Q25 1. 3Q25 highlights Strong net income and return on equity underpinned by resilient margins and ongoing improvements in asset quality. 3. In September, Nequi reported positive net income, marking a key milestone on its path toward sustained profitability. . Consumer loans gaining traction, providing room for 2 higher yields 4. Solid progress on share buybacks continues to enhance ROE and boost key valuation metrics. | | Loans | Deposits | NIM | | --- | --- | --- | --- | | | 0.1% Q/Q | ...

Group 1: Fox Corporation (FOXA) - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 5.6% over the last 60 days [1] - Fox Corporation has a PEG ratio of 1.46, which is lower than the industry average of 1.93, and possesses a Growth Score of B [1] Group 2: Grupo Cibest S.A. (CIB) - The company also holds a Zacks Rank of 1, suggesting favorable investment conditions [2] - The Zacks Consensus Estimate for its current year earnings has risen by 3.3% over the last 60 days [2] - Grupo Cibest has a PEG ratio of 1.14, significantly lower than the industry average of 2.66, and has a Growth Score of B [2] Group 3: Futu Holdings Limited (FUTU) - This company carries a Zacks Rank of 1, reflecting strong growth potential [3] - The Zacks Consensus Estimate for its current year earnings has increased by 6.2% over the last 60 days [3] - Futu Holdings has a PEG ratio of 0.64, which is lower than the industry average of 0.98, and possesses a Growth Score of B [3]

Core Insights - Grupo Cibest S.A. (CIB) is expected to report third-quarter 2025 results on November 5, with anticipated year-over-year earnings growth driven by increased net interest income and lower credit impairment charges [1][2][8] Earnings Performance - CIB has a strong earnings surprise history, having surpassed the Zacks Consensus Estimate in the last four quarters with an average beat of 6.5% [2] - The Zacks Consensus Estimate for CIB's third-quarter earnings is $1.84 per share, reflecting a 23.5% increase from the same quarter last year [2][8] Lending Environment - The lending environment in Colombia remains stable, with higher interest rates likely contributing to net interest income, although net interest margins may face pressure due to elevated funding costs [3] Earnings Prediction Model - The quantitative model indicates a high probability of CIB beating the Zacks Consensus Estimate, supported by a positive Earnings ESP of +4.89% and a Zacks Rank of 3 (Hold) or better [4] Zacks Rank - Currently, CIB holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence in the stock [5]