The next “regional bank” article in my “Fool Revisited” series is going to cover the Northeast region, which covers all the banks from all six New England states plus New York, Pennsylvania, and New Jersey. All banks were screened based on the region they fell under using FinViz.com, my screener of choice back when I was writing for the Fool (it still is pretty cool, though a lot of the things I used it for in the past are no longer free and I don’t have the resources at present to pay for them).
As with the other articles within this mini “series within a series,” instead of writing about all of the banks in the region, I screened them down to a much more manageable list. First, I eliminated all banks with a market cap below $300 million. Then I used four other factors to get to my final list: only profitable banks (over the prior 12 months), a low P/B (looks like I only featured banks under 2, though lower is better), a positive dividend (over 3% in this case), and quality net income margin. I profiled 12 banks in the original article, but I think I will eliminate a couple from the list so I don’t have a giant chart below. Continue reading