First Reliance Bancshares Reports Third Quarter 2026 Results
First Reliance Bancshares reported Q3 2026 net income of $2.7 million, or $0.33 per diluted share, flat with the year-ago quarter; operating (non-GAAP) EPS was $0.36. Net interest margin slipped 1 basis point sequentially to 3.73% but is up 7 bps YoY, and tangible book value per share rose 8.7% YoY to $12.31. Nonperforming assets jumped to $6.6 million (0.59% of assets) from $626 thousand, driven by a single $5.5 million owner-occupied loan that management says is sufficiently collateralized.
Key figures
- Eps
- 0.33
- Revenue
- 12154000
- Npa ratio
- 0.59%
- Total loans
- 812347000
- Total assets
- 1113786000
- Q3 net income
- 2738000
- Total deposits
- 922379000
- Efficiency ratio
- 74.30%
- Net interest income
- 9883000
- Net interest margin
- 3.73%
- Book value per share
- 12.4
- Nonperforming assets
- 6562000
- Return on avg assets
- 0.98%
- Operating eps non gaap
- 0.36
- Tangible book value per share
- 12.31
AI analysis
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