First Reliance Bancshares Past Earnings Performance

Past criteria checks 4/6

First Reliance Bancshares's earnings have been declining at an average annual rate of -5.9%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 0.9% per year. First Reliance Bancshares's return on equity is 7.2%, and it has net margins of 15.2%.

Key information

-5.9%

Earnings growth rate

-5.6%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	0.9%
Return on equity	7.2%
Net Margin	15.2%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How First Reliance Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:FSRL Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	38	6	27
30 Jun 24	37	5	27
31 Mar 24	36	4	27
31 Dec 23	36	5	26
30 Sep 23	36	5	27
30 Jun 23	38	6	27
31 Mar 23	39	6	27
31 Dec 22	39	6	27
30 Sep 22	38	5	28
30 Jun 22	37	4	29
31 Mar 22	38	4	29
31 Dec 21	39	5	29
30 Sep 21	40	6	26
30 Jun 21	45	9	26
31 Mar 21	47	11	25
31 Dec 20	44	11	26
30 Sep 20	40	10	23
30 Jun 20	35	7	20
31 Mar 20	31	4	20
31 Dec 19	31	4	20
30 Sep 19	32	5	20
30 Jun 19	30	4	20
31 Mar 19	29	3	20
31 Dec 18	29	2	20
30 Sep 18	27	-1	19
30 Jun 18	26	-1	18
31 Mar 18	25	-1	17
31 Dec 17	24	-1	16
30 Sep 17	23	2	16
30 Jun 17	24	2	15
31 Mar 17	24	3	15
31 Dec 16	23	3	15
30 Sep 16	23	3	14
30 Jun 16	22	1	14
31 Mar 16	21	7	14
31 Dec 15	20	7	13
30 Sep 15	20	7	12
30 Jun 15	19	10	12
31 Mar 15	18	3	11
31 Dec 14	17	3	11
30 Sep 14	18	-2	11
30 Jun 14	16	-8	11
31 Mar 14	16	-8	11
31 Dec 13	16	-9	11

Quality Earnings: FSRL has high quality earnings.

Growing Profit Margin: FSRL's current net profit margins (15.2%) are higher than last year (14.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FSRL's earnings have declined by 5.9% per year over the past 5 years.

Accelerating Growth: FSRL's earnings growth over the past year (8.6%) exceeds its 5-year average (-5.9% per year).

Earnings vs Industry: FSRL earnings growth over the past year (8.6%) exceeded the Banks industry -11.8%.

Return on Equity

High ROE: FSRL's Return on Equity (7.2%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 02:51
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Reliance Bancshares, Inc. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Bishop	Hovde Group, LLC
Christopher Marinac	Janney Montgomery Scott LLC