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Royal Bancshares posts 1Q profit

BALA CYNWYD, Pa. (AP) _ Royal Bancshares of Pennsylvania Inc. (RBPAA) on Tuesday reported first-quarter profit of $1.8 million.

The bank, based in Bala Cynwyd, Pennsylvania, said it had earnings of 6 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 7 cents per share.

The bank holding company posted revenue of $9.5 million in the period. Its adjusted revenue was $7.5 million.

In the final minutes of trading on Tuesday, the company's shares hit $4.22. A year ago, they were trading at $3.20.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBPAA at https://www.zacks.com/ap/RBPAA


Keywords: Royal Bancshares, Earnings Report