The entire lending industry is bracing itself for upcoming third-quarter earnings. One commentator believes community banks, especially, are in store for a few surprises. Per Barron’s:

Ultimately, we believe the mortgage business is generally very scalable and we would expect that while second-half EPS estimates could get hit pretty hard, 2014 and 2015 EPS reductions will remain muted as analysts lower expense expectations. As such, we would look for any sell-offs on mortgage-related misses as a potential buying opportunity for select stocks.