First Reliance Bancshares (FSRL) AI Stock Analysis

• Market Cap: $84.96M
• Dividend Yield: N/A
• Average Volume (3M): 6.86K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.05
• Revenue Growth: 12.79%
• EPS Growth: 47.72%
• Country: US
• Employees: 170
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.27
• Shares Outstanding: 8,130,000
• 10 Day Avg. Volume: 372
• 30 Day Avg. Volume: 6,863
• PEG Ratio: 0.47
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 1.92
• P/FCF Ratio: -7.93
• Enterprise Value/Market Cap: 1.51
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 14.29
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: ―

First Reliance Bancshares demonstrates stable financial performance with improving profit margins and a conservative debt position. However, incomplete cash flow data raises concerns about liquidity management. The stock shows mild bullish technical indicators, supported by a reasonable valuation. The absence of dividend yield and cash flow transparency are areas for improvement.

First Reliance Bancshares Business Overview & Revenue Model

Company Description

First Reliance Bancshares (FSRL) is a financial services company that operates primarily in the banking sector. It offers a range of banking products and services, including personal and business banking, loans, mortgages, and wealth management solutions. The company is dedicated to providing exceptional customer service and leveraging technology to enhance its banking operations.

How the Company Makes Money

First Reliance Bancshares makes money through various revenue streams primarily related to its banking operations. The company earns interest income from loans and mortgages extended to individual and business customers. Additionally, it generates revenue from service fees associated with account maintenance, transaction services, and wealth management offerings. Deposits from customers provide a low-cost funding source, which supports its lending activities. The company's profitability is further influenced by partnerships with financial service providers and its ability to manage interest rate margins effectively.

First Reliance Bancshares Financial Statement Overview

Summary

First Reliance Bancshares exhibits stable growth and operational efficiency, as seen in its improving profit margins and solid debt management. However, incomplete cash flow data for 2024 introduces uncertainty regarding the company's liquidity and cash management. Overall, the firm shows a positive trajectory in profitability but should address cash flow transparency and consistency.

Income Statement

First Reliance Bancshares shows a stable revenue growth from 2023 to 2024, with a revenue increase of approximately 10.5%. The gross profit margin remains healthy at 100% due to the nature of the banking industry. The net profit margin improved slightly to 15.1% in 2024 from 12.96% in 2023. However, the revenue has not yet returned to the levels seen in 2020. The EBIT margin improved significantly from 16.36% in 2023 to 28.17% in 2024, indicating better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.33 in 2024, indicating a conservative leverage position. Return on Equity (ROE) remained stable at 7.62% in 2024, reflecting consistent profitability relative to shareholders' equity. The equity ratio has decreased slightly from 7.32% in 2023 to 7.29% in 2024, suggesting a marginal reduction in equity as a proportion of total assets.

Cash Flow

The cash flow data for 2024 is incomplete, making it challenging to assess free cash flow growth and operating cash flow performance. In 2023, the operating cash flow to net income ratio was strong at 1.96, indicating efficient cash generation relative to net income. However, the lack of cash flow data for 2024 creates uncertainties around the company's cash management and liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	54.80M	39.26M	35.52M	42.16M	40.86M	51.15M
Gross Profit	49.08M	39.26M	35.52M	39.00M	38.84M	51.15M
EBITDA	9.00M	0.00	7.01M	8.78M	-121.98K	15.38M
Net Income	8.01M	5.92M	4.60M	5.93M	5.28M	10.62M
Balance Sheet
Total Assets	1.10B	1.07B	975.77M	938.64M	912.18M	713.70M
Cash, Cash Equivalents and Short-Term Investments	0.00	47.23M	21.94M	34.06M	150.12M	98.69M
Total Debt	19.77M	25.75M	25.72M	69.26M	53.81M	41.75M
Total Liabilities	1.02B	989.35M	904.37M	875.34M	841.38M	644.97M
Stockholders Equity	85.90M	77.76M	71.40M	63.30M	70.80M	68.73M
Cash Flow
Free Cash Flow	0.00	-9.49M	8.40M	-392.28K	13.03M	21.54M
Operating Cash Flow	0.00	-8.93M	9.03M	754.02K	18.22M	22.67M
Investing Cash Flow	0.00	-52.10M	-48.58M	-175.44M	-183.61M	-11.75M
Financing Cash Flow	0.00	86.31M	27.69M	33.77M	195.50M	35.65M

First Reliance Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 10.45 is above the 20-day moving average (MA) of 10.24, above the 50-day MA of 9.93, and above the 200-day MA of 9.64, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 62.09 is Neutral, neither overbought nor oversold. The STOCH value of 80.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSRL.

First Reliance Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IROQ	69 Neutral	$85.80M	18.74	5.53%	1.58%	6.61%	139.05%
AUBN	68 Neutral	$87.67M	13.17	8.25%	4.14%	27.65%	996.66%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
UBCP	62 Neutral	$74.61M	10.30	11.79%	7.09%	5.73%	-13.97%
FSRL	60 Neutral	$84.96M	10.84	9.99%	―	12.79%	47.72%
CFSB	54 Neutral	$92.53M	―	-0.35%	―	11.64%	-913.46%
SSBI	49 Neutral	$79.32M	10.38	-1.64%	0.34%	-0.03%	-126.57%