Central Bancompany’s (CBC) Profits Climb As It Doubles Down On Buybacks
Central Bancompany (CBC) reported Q2 net income of $113.8M, up from $91.4M YoY. Net interest income rose to $212.8M, with margin expanding to 4.40%. The company authorized a $100M share buyback and declared a $0.12 dividend. Loans and deposits grew, but noninterest expense and provision for credit losses increased. Hedge fund interest in CBC ticked up to 24 funds.



