Overview

* First Reliance Q3 net income rises 48.8% yr/yr to $2.7 mln

* Net interest income for Q3 2025 increased 16.7% yr/yr

* Company repurchased 122,316 shares at $9.71 average cost

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* NET INTEREST MARGIN - Increased to 3.66% in Q3 2025, contributing to higher net interest income

* MORTGAGE BANKING INCOME - Increased significantly, driving noninterest income growth

* LOAN PORTFOLIO DECLINE - Decrease due to sale of North Carolina branches

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.33

Q3 Net $2.70

Income mln

Q3 Net $9.50

Interest mln

Income

Q3 Net 3.66%

Interest

Margin

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 ( FSRL ) is $12.38, about 15.6% above its October 21 closing price of $10.45

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)