An update from Bankfinancial (BFIN) is now available.
Looking ahead to the second half of 2024, the Company forecasts a modest cash reserve, anticipating cash and cash equivalents to represent 8-12% of total assets. The investment securities portfolio is projected to shrink by 5-15% as funds are redirected to various financial operations, while the loan portfolio is expected to grow by 1-6%, subject to market conditions and transaction flows. Deposit balances may slightly decrease by up to 2%, with deposit costs potentially rising by 0.10%. Net interest income could see a 1-2% increase, and noninterest income is set to grow by 5-10% due to enhanced service revenues. Efficiencies are likely to reduce noninterest expenses by 3-6%. These projections are forward-looking, contingent on numerous factors, and subsequent updates may not be provided.
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