Central Bancompany, Inc. (CBC)

Price$32.94Cached quoteAs of 2026-09-04 16:23 UTC

AI: Fair-priced

Price checkStrong recent earnings support the shares, but the current valuation leaves limited room for disappointment.

The market values CBC at about 18 times trailing earnings and roughly 2.2 times tangible book value. Tangible book value is shareholders' equity after removing goodwill and similar intangible assets. That implies an earnings yield near 6%, which is reasonable but not obviously cheap for a regional bank. Recent profit growth and a strong capital base justify part of the premium, but today's valuation still assumes earnings remain resilient and book value continues compounding without a meaningful deterioration in credit or profitability.

Big pictureProfit growth is solid, while cash-flow swings matter less for a bank than recurring earnings.

Revenue rose to about $1.02 billion in 2025 from $897.7 million in 2024, while net income increased to $390.9 million from $305.8 million. In the first half of 2026, net income reached $224.9 million versus $186.2 million a year earlier, an increase of about 21%. Operating cash flow also improved sharply, but conventional free cash flow is less useful for banks because deposits, securities and lending activity create large financing and investing movements. Recurring earnings and book-value growth are more informative measures of durability.

Business strengthA thick equity cushion and modest dilution give shareholders unusually strong downside protection.

CBC reported $20.29 billion of assets and $3.87 billion of shareholders' equity at June 2026. After subtracting $348.2 million of goodwill, tangible equity was about $3.52 billion, leaving a substantial capital cushion relative to the asset base. Shares outstanding declined from about 240.3 million at year-end 2025 to 239.5 million, so dilution has not been a concern. The company repurchased about $38.7 million of stock during the first half of 2026 and paid about $57.8 million of dividends, returning capital while equity still increased.

What could change the storyFaster profit growth could justify the premium, while weaker returns would quickly challenge it.

The strongest bull case is continued operating leverage: second-quarter 2026 revenue grew about 15% from a year earlier and net income rose about 25%, while operating expenses increased only around 4%. If that pace persists, today's earnings multiple could fall quickly without the share price changing. The bear case is mainly valuation compression. At roughly 2.2 times tangible book, slower lending growth, higher funding costs or rising loan losses could reduce returns enough to make the premium difficult to defend. Sustained double-digit earnings growth would strengthen the thesis; a clear slowdown would weaken it.

AI: News

Second-quarter earnings strengthenedRevenue and profit rose sharply from a year earlier, supporting expectations for continued earnings growth.

For the quarter ended June 30, 2026, revenue increased to $282.3 million from $245.1 million a year earlier, while net income rose to $113.8 million from $91.4 million. Diluted earnings per share increased to $0.47 from $0.41, and operating expenses grew much more slowly than revenue. That combination suggests improving operating leverage, meaning more of each additional revenue dollar reached profit. The available evidence does not establish that any particular stock-price move was caused by these results.

Share repurchases resumedThe company bought back shares in both 2026 quarters, adding modest support for per-share value.

CBC spent about $31.1 million on repurchases in the first quarter of 2026 and another $7.6 million in the second quarter. Shares outstanding fell from about 240.3 million at the end of 2025 to roughly 239.5 million by June. The reduction is modest, but it shows management is returning capital without issuing offsetting amounts of new stock. Together with first-half dividends of about $57.8 million, the repurchases strengthen per-share economics, although the available evidence does not isolate a reliable market reaction.

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Revenue

2022

2023

2024

2025

Net income

2022

2023

2024

2025

Free cash flow

2022

2023

2024

2025

Total cash / debt

CashTotal debt

2021

2022

2023

2024

2025

Financial statements

	2025	2024	2023	2022	2021
Revenue	$1.02B	$897.7M	$840.1M	$750.2M	—
Operating expenses	$505.5M	$489.4M	$469.1M	$403.0M	$405.9M
Net income	$390.9M	$305.8M	$273.7M	$258.2M	—
Net profit margin	38.27%	34.07%	32.58%	34.42%	—
Basic EPSper basic share	$1.75	$1.39	$1.15	$58.49	—
Diluted EPSper diluted share	$1.75	$1.39	$1.15	$58.49	—

Review official source filings ↗

Owners

Reported shareholders

Reference date Jun 30, 2026

Reported holdings Number of shares

View holders

Top 20 reported holders of CBC
Holder	Shares held
CENTRAL TRUST Co	7.55M
North Reef Capital Management LP	4.6M
FMR LLC	2.3M
STATE STREET CORP	1.49M
BlackRock, Inc.	1.36M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	1.16M
GOLDMAN SACHS GROUP INC	832.64K
BANK OF AMERICA CORP /DE/	824.06K
AMERICAN CENTURY COMPANIES INC	823.46K
Champlain Investment Partners, LLC	822.02K
SCHRODER INVESTMENT MANAGEMENT GROUP	724.09K
GEODE CAPITAL MANAGEMENT, LLC	692.46K
MILLENNIUM MANAGEMENT LLC	645.14K
MORGAN STANLEY	635.9K
Azora Capital LP	613.25K
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	596.84K
ROYCE & ASSOCIATES LP	514.11K
BNP PARIBAS FINANCIAL MARKETS	493.71K
Man Group plc	443.45K
VANGUARD CAPITAL MANAGEMENT LLC	387.54K

Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.

Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys20$6.08M disclosed value

Sells (SEC code S)0$0.00 disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Feb 6, 2026Form 4	Ross John ThomasPresident, CEO	BuyClass A Common Stock	40.0K	$24.50	$980.0K	82.0K
Nov 21, 2025Form 4	Schoeneberg Carey DeniseSVP & Chief Risk Officer	BuyClass A Common Stock · indirect	100	$21.00	$2.1K	100
Nov 21, 2025Form 4	Schoeneberg Carey DeniseSVP & Chief Risk Officer	BuyClass A Common Stock	1.0K	$21.00	$21.0K	2.0K
Nov 21, 2025Form 4	KRUSE CHARLES EDirector	BuyClass A Common Stock	2.5K	$21.00	$52.5K	2.5K
Nov 21, 2025Form 4	Westhues Daniel HaroldSEVP & Chief Customer Officer	BuyClass A Common Stock	4.2K	$21.00	$88.2K	95.0K

Review ownership filings at SEC.gov ↗

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Central Bancompany, Inc. (CBC)

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