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Profile - Banknorth Group, Inc. (NasdaqNM:BKNG)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Aug 21Price hit new 52-week high ($24.39)
Aug 13Dividend payment of $0.13
July 23Conference call: Banknorth Group Earnings (Q2 2001)
Location
Two Portland Square
Portland, ME 04112
Phone: (207) 761-8500
Fax: (207) 761-8536
Email: barsenault@banknorth.com
Employees (last reported count): 5,000
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Websites
 ·Home Page
 ·Subsidiaries
 ·Yahoo! Category

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Index Membership
 ·S&P 400 MidCap
Ownership
·Insider and 5%+ Owners: 2%
·Over the last 6 months:
 · 4 insider sells; 129.0K shares
  (4.6% of insider shares)
·Institutional: 57% (59% of float)
(489 institutions)
·Net Inst. Buying: 6.31M shares (+7.43%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Banknorth Group, Inc. is a multi-bank and financial services holding company. The principal business of the Company consists of attracting deposits from the general public through its offices and using such deposits to originate loans secured by first mortgage liens on existing single-family (one- to four-unit) residential real estate and existing multi-family (over four units) residential and commercial real estate, construction loans, commercial business loans and leases and consumer loans and leases. The Company also provides various mortgage-banking services and various trust and investment advisory services, as well as engages in equipment leasing, financial planning, securities brokerage and insurance brokerage activities. The Company also invests in investment securities and other permitted investments.
More from Market Guide: Expanded Business Description

Financial Summary
BKNG is a multi-bank holding company operating 285 offices throughout ME, NH, MA, VT, NY and CT. For the six months ended 6/30/01, total interest income fell 2% to $643.2 million. Net interest income after loan loss prov. rose 4% to $309.9 million. Net income before acct. change rose 68% to $115.3 million. Results reflect improved interest margins, higher insurance commission revenues, the absence of $15.9 million in securities losses and the absence of $41 million in merger related charges.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

William Ryan, 57
Chairman, Pres, CEO
$894K$4.1M
Peter Verrill, 52
CFO, Chief Operating Officer
448K1.6K
Thomas Pruitt, 58
Exec. VP, CAO
360K--  
Christopher Bramley, 59
Exec. VP; Pres and CEO of First Massachusetts Bank
331K--  
John Fridlington, 56
Exec. VP and Sr. Loan Officer
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:BKNGAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-Oct-2000
$15.563
Recent Price$22.00 
52-Week High
on 21-Aug-2001
$24.39 
Beta1.12 
Daily Volume (3-month avg)681.2K
Daily Volume (10-day avg)865.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+33.8%
52-Week Change
relative to S&P500
+79.5%
Share-Related Items
Market Capitalization$3.02B
Shares Outstanding137.1M
Float134.4M
Dividends & Splits
Annual Dividend (indicated)$0.52 
Dividend Yield2.36%
Last Split: 2 for 1 on 19-May-1998
Per-Share Data
Book Value (mrq)$9.92 
Earnings (ttm)$1.67 
Earnings (mrq)$0.43 
Sales (ttm)$9.22 
Cash (mrq)$3.51 
Valuation Ratios
Price/Book (mrq)2.22 
Price/Earnings (ttm)13.19 
Price/Sales (ttm)2.39 
Income Statements
Sales (ttm)$1.32B
EBITDAN/A 
Income available to common (ttm)$238.2M
Profitability
Profit Margin (ttm)18.1%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.30%
Return on Equity (ttm)18.09%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0.15 
Total Cash (mrq)$480.8M
Short Interest
As of 8-Aug-2001
Shares Short2.73M
Percent of Float2.0%
Shares Short
(Prior Month)
1.82M
Short Ratio4.98 
Daily Volume548.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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