SBK sitting at 323.18 with that dividend yield looking decent, but the net interest margin compression acro…by @newbie_naledi on $SBK

SBK sitting at 323.18 with that dividend yield looking decent, but the net interest margin compression across the banking sector is starting to worry me. Is anyone else thinking the valuation at current P/E levels factors in the rate cycle turning, or are we still pricing in more