Comparing the current results to its competitors, Royal Bancshares Of Pennsylvania Inc reported Revenue increase in the 3 quarter 2017 by 2.09 % year on year. The revenue growth was below Royal Bancshares Of Pennsylvania Inc's competitors' average revenue growth of 9.75 %, achieved in the same quarter.
Royal Bancshares Of Pennsylvania IncNet Income in the 3 quarter 2017 grew year on year by 10.73%, slower than its competitors' income growth of 11.37 %
Royal Bancshares Of Pennsylvania Inc's Comment on Competitors and Industry Peers
The financial services industry in our service area is extremely competitive.
Competitors within our service area include banks and bank holding companies with
greater resources. Many competitors have substantially higher legal lending limits.
In addition, savings banks, savings and loan associations, credit unions, money
market and other mutual funds, brokerage firms, mortgage companies, leasing companies,
finance companies and other financial services companies offer products and services
similar to those offered by Royal Bank, on competitive terms.