- Stable interest rates will likely lead to a fall in mortgage refinancing activity next year, which will pressurize earnings.
- Yields will likely continue to decline next year as loans will mature and new loans will originate at lower rates.
- Loan growth will likely get constrained by the forgiveness of Paycheck Protection Program loans.
- The target price for next year is quite close to the current market price. Additionally, GBCI is offering a low dividend yield.
For further details see:
Glacier Bancorp: Mortgage Banking Normalization To Pressurize Earnings Next Year