First Reliance Q4 net income rises

Overview

• U.S. bank's Q4 net income rose yr/yr to $2.9 mln

• Net interest income for Q4 rose 14.5% yr/yr to $9.6 mln

• Company's Q4 net interest margin improved to 3.71%

Outlook

• First Reliance Bancshares did not provide specific guidance for 2026

Result Drivers

• NET INTEREST INCOME - Increased 14.5% yr/yr to $9.6 mln, driven by higher yields on loans and securities

• NONINTEREST INCOME - Rose due to gains on sale of fixed assets and increased mortgage banking income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for First Reliance Bancshares Inc is $14.00, about 6.1% above its January 27 closing price of $13.19

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPnbwFxDka

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