- 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.
For further details see:
Eastern Bankshares: Acquisitions To Drive Growth