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EBC - Eastern Bankshares: Acquisitions To Drive Growth
Eastern Bankshares Inc.
The management's plans to acquire loans will likely improve the asset mix and expand the net interest margin.
The provision expense will likely decline because EBC already has a high level of allowances for loan losses that will likely cover upcoming loan impairments.
After surging last year, the efficiency ratio will likely decline towards a more normal level this year.
The December 2021 target price suggests a small upside from the current market price. Further, the dividend yield is quite low.