First Reliance Bancshares Inc (FSRL)
OTHER OTC:FSRL
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First Reliance Bancshares
(OTC:FSRL)
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Rating:63Neutral
Price Target:
$17.00
▲(33.65% Upside)
Action:Reiterated
Date:03/31/26
The score is driven primarily by improved 2025 financial performance but tempered by historical volatility and only moderate cash-flow predictability. Technical indicators point to weak near-term momentum, while the low P/E provides valuation support.
Positive Factors
Revenue Growth Rebound
A strong 27.1% revenue rebound in 2025 indicates recovering loan originations and fee activity, increasing core banking scale. Durable top-line growth supports net interest income expansion, funds reinvestment in branches/digital, and improves medium-term earnings power if maintained.
Negative Factors
Multi-year Volatility
Historic swings in revenue and earnings reduce predictability of future results. Volatility complicates capital planning, stress testing, and provisioning, increasing the chance of earnings reversals in adverse conditions and making medium-term performance harder to underwrite reliably.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Rebound
A strong 27.1% revenue rebound in 2025 indicates recovering loan originations and fee activity, increasing core banking scale. Durable top-line growth supports net interest income expansion, funds reinvestment in branches/digital, and improves medium-term earnings power if maintained.
Read all positive factors
First Reliance Bancshares (FSRL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$118.45M
Dividend YieldN/A
Average Volume (3M)5.87K
Price to Earnings (P/E)9.1
Beta (1Y)-0.04
Revenue Growth9.16%
EPS Growth102.11%
CountryUS
Employees170
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.01
Shares Outstanding8,130,000
10 Day Avg. Volume10,118
30 Day Avg. Volume5,867
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.03
Price to Sales (P/S)1.38
P/FCF Ratio7.30
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue3.47
Enterprise Value/Gross Profit3.87
Enterprise Value/Ebitda21.11
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.34
Revenue Forecast (FY)$50.60M
First Reliance Bancshares Business Overview & Revenue Model
Company Description
First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in the United States. The company offers checking, savings, money market, and individual retirement accounts; ...
How the Company Makes Money
First Reliance Bancshares primarily makes money through its banking subsidiary by (1) earning net interest income and (2) generating noninterest income. Net interest income is the largest driver for most community banks and comes from the spread b...
First Reliance Bancshares Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.80M | 69.64M | 39.26M | 51.91M | 42.16M | 40.86M |
| Gross Profit | 49.08M | 48.85M | 39.26M | 36.49M | 39.00M | 38.84M |
| EBITDA | 9.00M | 13.99M | 0.00 | 7.01M | 8.78M | 7.46M |
| Net Income | 8.01M | 10.91M | 5.92M | 4.60M | 5.93M | 5.28M |
Balance Sheet | ||||||
| Total Assets | 1.10B | 1.09B | 1.07B | 975.77M | 938.64M | 912.18M |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 47.23M | 21.94M | 34.06M | 150.12M |
| Total Debt | 19.77M | 39.79M | 25.75M | 36.62M | 69.26M | 53.81M |
| Total Liabilities | 1.02B | 1.00B | 989.35M | 904.37M | 875.34M | 841.38M |
| Stockholders Equity | 85.90M | 93.07M | 77.76M | 71.40M | 63.30M | 70.80M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 13.19M | -9.49M | 8.88M | 24.20M | 34.36M |
| Operating Cash Flow | 0.00 | 17.96M | -8.93M | 9.51M | 25.35M | 39.54M |
| Investing Cash Flow | 0.00 | -44.20M | -52.10M | -49.06M | -175.44M | -183.61M |
| Financing Cash Flow | 0.00 | 11.15M | 86.31M | 27.69M | 33.77M | 195.50M |
First Reliance Bancshares Technical Analysis
Positive
12.72
Price Trends
14.51
Positive
14.38
Positive
12.78
Positive
Market Momentum
-0.05
Positive
49.64
Neutral
21.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FSRL, the sentiment is Positive. The current price of 12.72 is below the 20-day moving average (MA) of 14.77, below the 50-day MA of 14.51, and below the 200-day MA of 12.78, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 49.64 is Neutral, neither overbought nor oversold. The STOCH value of 21.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSRL.
First Reliance Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $88.24M | 11.07 | 8.78% | 4.16% | 4.30% | 20.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $89.20M | 15.09 | 5.95% | ― | -5.51% | ― | |
63 Neutral | $118.45M | 9.05 | 13.97% | ― | 9.16% | 102.11% | |
63 Neutral | $92.93M | 11.22 | 11.80% | 6.51% | 7.19% | 9.14% |
* Financial Sector Average
FSRL
First Reliance Bancshares
14.65
5.35
57.53%
AUBN
Auburn National Bancorporation
25.09
4.47
21.68%
SSBI
Summit State Bank
13.39
3.57
36.35%
UBCP
United Bancorp
15.90
3.10
24.22%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.