TD Banknorth Q1 2006 Earnings

RBC Capital Markets, 26 April 2006� Earnings Summary: 1Q06 operating cash earnings declined by 8.3% year-over-year, and declined by 11% sequentially.� Overall, Trends Were Mediocre, In Our Opinion: Excluding acquisitions, consumer and commercial loans increased an estimated 1.5% -2.0%, total deposits contracted roughly 1%, the net interest margin contracted by 13 basis points, core fee income