From Zacks Investment Research: 2025-03-21 12:52:00

The Zacks Savings and Loan industry is facing challenges with weak asset quality and uncertain economic growth. However, companies like Banner Corporation, Berkshire Hills Bancorp, and Heritage Financial Corporation are leveraging digitization to improve operations. The industry has seen a deterioration in asset quality due to mounting economic concerns and Fed rate cuts. Despite challenges, industry players are ramping up digital initiatives to enhance customer experience. The Zacks Industry Rank for Savings and Loan is currently #138, indicating underperformance. However, the industry has outperformed the sector and the S&P 500 over the past year.



Read more at Zacks Investment Research: 3 Savings & Loan Stocks Worth Buying Amid Industry Challenges – March 21, 2025