Resource America, Inc.

	Quarter Ended December 31,
	1997	1996
Revenues Real estate finance	$9,392	$3,219
Equipment leasing	3,172	1,202
Energy: production	1,232	950
: services	583	389
Interest on corporate investments	691	78
Other	7	6
	15,077	5,844
Costs and Expenses Real estate finance	1,523	163
Equipment leasing	1,325	883
Energy: production and exploration	574	412
: services	309	224
General and administrative	927	592
Depreciation and amortization	508	379
Interest	3,870	409
Provision for possible losses	318	10
	9,354	3,072
Income from operations	5,723	2,772
Other Income Gain on sale of property	3	88
Income before income taxes	5,726	2,860
Provision for federal income taxes	1,775	575
Net Income	$3,951 ======	$2,285 ======
Net Income per Common Share Basic	$ .83 ======	$ .91 ======
Weighted average common shares outstanding	4,733 ======	2,507 ======
Net income per common share - Diluted	$ .81 ======	$ .66 ======
Weighted average common shares	4,906 ======	3,476 ======