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May 23, 2015 12:25 AM ET

Thrifts and Mortgage Finance

Company Overview of Royal Financial Inc.

Company Overview

Royal Financial Inc. operates as the holding company for Royal Bank that provides various banking services. It offers checking and savings accounts; individual retirement accounts; certificates of deposit; loans, such as commercial, mortgage, and home equity loans; Harland check reorders; online banking services; and cash management services. The company was founded in 1887 and is based in Chicago, Illinois.

9226 South Commercial Avenue

Chicago, IL 60617

United States

Founded in 1887

Phone:

773-768-4800

Fax:

773-768-4747

Key Executives for Royal Financial Inc.

Royal Financial Inc. does not have any Key Executives recorded.

Royal Financial Inc. Key Developments

Royal Financial, Inc. Announces Establishment of $4 Million Line of Credit

Royal Financial Inc. announced that it has established a revolving line of credit of $4.0 million with The PrivateBank. The line of credit is secured by a pledge of the bank's common stock and can be utilized for a variety of general business purposes, including organic growth, mergers and acquisitions, and share repurchases.

Royal Financial Seeks Acquisitions

Royal Financial Inc. (OTCBB:RYFL) is looking for acquisition opportunities. Royal Financial announces establishment of $4 Million line of credit and line of credit is secured by a pledge of the Bank's common stock and can be utilized for a variety of general business purposes, including organic growth, mergers and acquisitions, and share repurchases.

Royal Financial Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Royal Financial Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net income of $141,000 compared to $7.2 million in the same period of fiscal 2014, primarily related to a one-time recognition of the reversal of the valuation allowance against the deferred tax assets of $6.9 million. Pre-tax income was $233,000 compared to $614,000 pre-tax income for the same period of fiscal 2014. The decrease of $381,000 in income was primarily due a decrease in credit for loan losses, as no credit was recognized in the current period, and an increase in non-interest expense of $132,000, partially offset by an increase in net interest income of $84,000 and increase in non-interest income of $37,000. Total interest income was $1,292,726 compared to $1,168,098 a year ago. Net interest income was $1,210,107 compared to $1,125,637 a year ago. Income before income taxes was $232,894 compared to $613,636 a year ago. Basic and diluted earnings per share were $0.06 compared to $2.87 a year ago.

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