First Reliance Bancshares (FSRL) Stock News

First Reliance Bancshares (OTC:FSRL) reported strong fourth-quarter and full-year 2025 results. Q4 net income rose 218.6% to $2.9M ($0.36 diluted EPS); FY net income was $10.9M ($1.31 diluted EPS) versus $5.9M in 2024. Operating earnings (Non-GAAP) were $2.9M in Q4 and $9.48M for 2025, up 39.2% year-over-year.

Key metrics: book value $11.88 (+22.8%), tangible book $11.79 (+23%), Q4 net interest income $9.62M, net interest margin 3.71% (Q4) and 3.61% (2025), efficiency ratio improved to 71.08% (Q4). Loans were $779.9M and deposits $948.1M; nonperforming assets rose to $2.5M (0.23%).

First Reliance Bancshares (OTC:FSRL) reported third quarter 2025 results on October 24, 2025. Q3 net income rose 48.8% to $2.7M ($0.33 diluted), and YTD net income was $8.0M ($0.96 diluted) versus $5.0M a year earlier. Net interest income was $9.5M in Q3, up 16.7% YoY, and net interest margin expanded to 3.66% (up 39 bps YoY). Book value per share rose 14.4% to $11.42; tangible book value per share increased 14.6% to $11.33.

Operating efficiency improved (efficiency ratio 69.61% Q3 2025). Total loans modestly declined to $780.0M and deposits were $959.3M. The board authorized a $3.0M share repurchase plan; 122,316 shares were repurchased in Q3 at an average $9.71.

First Reliance Bancshares (OTC:FSRL) reported strong Q2 2025 financial results with net income of $3.7 million, or $0.44 per diluted share, representing an 88.1% increase from Q2 2024. The company's performance was marked by significant improvements, including a net interest margin increase to 3.53% and total loans held for investment of $784.7 million.

Key highlights include a 17.3% increase in tangible book value to $10.71 per share, and operating earnings of $2.2 million. The company completed the sale of two North Carolina branches to Carter Bank, resulting in a $2.3 million gain. Asset quality remained strong with nonperforming assets at just 0.02% of total assets. The Board approved a $3.0 million stock repurchase program through June 2026.

[ "Net income increased 88.1% year-over-year to $3.7 million in Q2 2025", "Tangible book value per share grew 17.3% to $10.71", "Net interest margin improved to 3.53%, up 33 basis points year-over-year", "Asset quality strengthened with nonperforming assets at only 0.02% of total assets", "Realized $2.3 million gain from sale of North Carolina branches", "Board authorized $3.0 million stock repurchase program" ]

First Reliance Bancshares (OTC:FSRL) reported strong financial results for Q1 2025, with net income increasing 30.3% to $1.6 million ($0.19 per diluted share) compared to Q1 2024. Key highlights include:

- Net interest income rose 21.6% to $8.8 million
- Net interest margin improved to 3.49% from 3.11% year-over-year
- Total loans increased 16.3% annualized to $784.5 million
- Total deposits grew 11.5% annualized to $978.7 million

The company received regulatory approvals to sell its two North Carolina branches to Carter Bank, with closing expected in May 2025. Asset quality remained strong with nonperforming assets at 0.9% of total assets. Book value per share increased 14.9% to $10.18, while tangible book value rose 15.1% to $10.09 compared to March 31, 2024.

First Reliance Bancshares (OTC:FSRL) reported strong Q4 2024 results with net income increasing 18.3% to $0.9 million ($0.11 per diluted share), compared to $0.8 million ($0.10 per diluted share) in Q4 2023. For the full year 2024, net income rose to $5.9 million ($0.71 per diluted share), a 26.8% increase from 2023.

Key highlights include: net interest income increased 15.6% to $8.4 million; net interest margin improved to 3.38%; total loans grew 7.9% annualized to $753.7 million; and book value per share increased 10.4% to $9.68. Asset quality remained strong with nonperforming assets at 0.11% of total assets.

The company's operating earnings, excluding securities losses and other one-time items, were $1.7 million ($0.21 per diluted share) for Q4 2024, compared to $1.4 million ($0.17 per diluted share) in Q4 2023.

Carter Bank (NASDAQ:CARE) has announced a strategic acquisition of two North Carolina branches from First Reliance Bank. The transaction involves Carter Bank acquiring deposits and assets from First Reliance's branches in Mooresville and Winston-Salem, including the Winston-Salem facility. Carter Bank will pay a 4.6% deposit premium on the average closing balance of transaction accounts but will not acquire any loans.

Following the transaction's completion, expected in the first half of 2025, Carter Bank will operate 66 locations across Virginia and North Carolina. The Mooresville deposits will be transferred to Carter Bank's existing branch. This move strengthens Carter Bank's presence in North Carolina, particularly between Greensboro and Charlotte, while allowing First Reliance to focus on its core South Carolina markets.

First Reliance Bancshares (OTC:FSRL) reported strong Q3 2024 results with net income increasing 26.4% to $1.8 million ($0.22 per diluted share), compared to $1.4 million ($0.18 per diluted share) in Q3 2023. Key highlights include: net interest income rose 12.5% to $8.1 million, net interest margin improved to 3.27%, and total deposits grew by $52.1 million (23.2% annualized) to $951.9 million. The company's book value per share increased 22.9% year-over-year to $9.98, while maintaining strong asset quality with nonperforming assets at just 0.09% of total assets.

First Reliance Bancshares (OTC:FSRL) announced its second quarter 2024 results.

Net income rose 91.8% YoY to $1.9 million ($0.24/share).

Net interest income increased 6.2% YoY to $7.7 million.

Total loans held for investment grew 7.9% annualized to $739.4 million.

Total deposits rose 8.4% annualized to $899.8 million.

Asset quality remained strong with nonperforming assets at 0.03% of total assets.

Book value per share increased 12.9% YoY to $9.22.

Cost of funds increased to 2.28% from 1.67% YoY.

The Board approved a $2 million stock repurchase program.

Summary not available.