- The management’s branch sale and consolidation plan will likely reduce non-interest expenses and boost earnings this year.
- The provision expense will likely decline because of a drop in the portfolio's credit risk and ample loan loss reserves.
- The loan portfolio will likely decline because of several factors, including the Paycheck Protection Program loan forgiveness.
- A shift in asset mix will likely pressurize the net interest margin.
- The year-end target price suggests a decent upside from the current market price. Further, BHLB is offering a modest dividend yield.
For further details see:
Berkshire Hills Bancorp: Expense Control To Boost Earnings