Raymond James Financial Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the period, the company reported income including non-controlling interests and before provision for income taxes of $104.6 million, net income attributable to the company of $67.3 million or $0.53 diluted per share on total revenues of $798.8 million against income including non-controlling interests and before provision for income taxes of $126.7 million, net income attributable to the company of $81.7 million or $0.65 diluted per share on total revenues of $830.3 million for the same period a year ago. The company reported non-GAAP net income of $67.3 million or $0.53 non-GAAP diluted per share against non-GAAP net income of $81.7 million or $0.65 non-GAAP diluted per share for the same period a year ago. ROE for the quarter was about 10.3%. The book value per share ended the quarter at $21.34. Tangible book value ended at $20.76. The company reported net charge-offs of $5.7 million for the first quarter ended December 31, 2011 against $12.3 million for the same period a year ago. Despite uncertain market conditions, the company anticipates improving results for the second quarter of 2012.