Royal Bancshares of Pennsylvania Inc. will consider an amendment to amended and restated articles of incorporation for the authorization to increase the number of Class A common shares from 20,000,000 to 40,000,000 at AGM to be held on June 19, 2013.

Royal Bancshares of Pennsylvania Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported interest income of $6,752,000 compared to $8,806,000 a year ago. Net interest income was $4,772,000 compared to $5,993,000 a year ago. Income before taxes was $291,000 compared to loss before taxes of $1,497,000 a year ago. Net income attributable to the shareholders was $118,000 or $0.03 per basic and diluted share compared to loss attributable to the shareholders of $869,000 or $0.10 per basic and diluted share a year ago. Return on average assets was 0.1% compared to negative return on average assets of 0.4% a year ago. Return on average equity was 0.8% compared to negative return on average equity of 4.6% a year ago. Book value per share was $1.85 compared to $3.03 a year ago.

Royal Bancshares of Pennsylvania Inc. announced unaudited financial results for the fourth quarter and year ended December 31, 2012. For the quarter, the company’s net loss attributable to the company was $7,994,000, or $0.64 per basic share, a 94% improvement as compared to the net loss of $934,000, or $0.11 per basic share, for the quarter ended December 31, 2011. Interest income was $6,991,000 compared to $8,754,000 for the quarter ended December 31, 2011. Net interest income was $4,801,000 compared to $5,744,000 for the quarter ended December 31, 2011. Loss before taxes was $8,240,000 compared to $1,028,000 for the quarter ended December 31, 2011. Negative return on average assets was 4.0%, compared to 0.4% for the quarter ended December 31, 2011. Negative return on average equity was 47.4% compared to 4.8% for the quarter ended December 31, 2011. The decrease in interest income was primarily driven by the combination of a decline in average loan balances coupled with a decline in the yield on investment securities. For the year, the company’s net loss attributable to the company was $15,625,000, or $1.33 per basic share, compared to the net loss of $8,563,000, or $0.80 per basic share, for the year ended December 31, 2010. Interest income was $31,981,000 compared to $39,377,000 for the year ended December 31, 2011. Net interest income was $22,082,000 compared to $25,291,000 for the year ended December 31, 2011. Loss before taxes was $16,630,000 compared to $7,688,000 for the year ended December 31, 2011. Negative return on average assets was 1.9%, compared to 0.9% for the year ended December 31, 2011. Negative return on average equity was 21.5%, compared to 10.5% for the year ended December 31, 2011. Book value per share as on December 31, 2012 was $1.82 compared to $3.07 as on December 31, 2011.