Royal Financial Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2018. For the quarter, the company reported interest income of $4,232,844 against $3,264,457 a year ago. Total interest income was $4,518,899 against $3,472,523 a year ago. Net interest income was $3,674,598 against $3,026,878 a year ago. Net interest income after provision/(credit) for loan losses was $3,524,598 against $2,846,878 a year ago. Income before income taxes was $1,394,325 against $844,457 a year ago. Net Income was $967,795 against $1,355,093 year ago. Diluted earnings per share was $0.38 against $0.53 a year ago. The decrease was caused by the change in the State of Illinois tax rate having a positive effect on the Company’s Deferred Tax Asset (DTA) which provided a benefit for income taxes during the first quarter of fiscal year 2018. The company’s book value per share was $14.08 and tangible book value per share was $13.01. Cash and cash equivalents decreased $4.4 million (31%) to $9.8 million.