VHS file saving too large (recommended format and size)

I am saving files and they are much much larger than the original. I'm hoping to get some guidance on settings I should be using for export. I'm new to Premiere Pro and I'm currently using it to take my mothers files converted from VHS and editing them. Just a simple white balance and cutting the video into smaller chunks of related clips. I have attached two photos, one is the screen grab of the original file and one is the new videos I have exported.