Raymond James says regional banks with Texas exposure will face some short-term difficulties from the damage caused by Hurricane Harvey, but lending will pick up into next year because of the rebuilding efforts.

There will be several “major areas of impact. The first being business interruption, several banks have closed branches and that can continue for the next few days or next few weeks,” the firm’s banking analyst Michael Rose said in a CNBC “Power Lunch” interview Tuesday.

“Clearly there is going to be lower revenues from the loans that are in process, across various loan types. You are going to see increased loan loss provisions as banks take the hit up front. And banks with insurance companies or insurance companies in general are clearly going to have some issues as they pay out claims.”

Rose said Prosperity Bancshares, Cadence, Cullen/Frost and Zions have the most deposit exposure in Texas. The analyst said business will likely improve for the same firms later. He cited what happened after the Louisiana flood last year, when rebuilding led to more economic activity.

“What we do see typically after those events are big deposit inflows as aid relief dollars come into the market. You’ll see some accelerating loan growth as we get into next year as Houston begins the rebuild,” he said. “Banks are clearly focused on the efforts, supporting their people and the communities.”