- The management is taking measures to control the recent broad-based loan decline trend.
- Several factors will compress the net interest margin in the coming quarters, including a new subordinated loan offering and promotional rates on loans.
- Mortgage banking income will likely normalize over the next coming quarters, which is the chief reason for expected earnings decline next year.
- The year-end target price suggests a high upside from the current market price. Further, COFS is offering a high dividend yield for a bank-holding company.
For further details see:
ChoiceOne Financial: Loans Likely To Start Recovering By Next Year