First Reliance Bancshares Valuation Multiples

First Reliance Bancshares Overview

About First Reliance Bancshares

First Reliance Bancshares Inc operates as the holding company for First Reliance Bank. The company is engaged in the provision of a broad range of banking services, concentrating on individuals and small to medium-sized businesses desiring a high level of personalized services. The company offers various services, such as personal banking, business banking, treasury services, online/mobile banking, wealth strategies, etc. The bank mainly operates throughout North Carolina and South Carolina.

Founded

2001

HQ

Employees

174

Website

firstreliance.com

Financials (LTM)

Revenue: $50M

Net Income: $11M

EV

$166M

Valuation Multiples

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First Reliance Bancshares Financials

First Reliance Bancshares reported last 12-month revenue of $50M.

In the same LTM period, First Reliance Bancshares generated $11M in net income.

First Reliance Bancshares P&L

In the most recent fiscal year, First Reliance Bancshares reported revenue of $47M and net income of $11M.

First Reliance Bancshares is profitable as of last fiscal year, with net margin of 23%.

First Reliance Bancshares Stock Performance

First Reliance Bancshares has current market cap of $154M, and enterprise value of $166M.

First Reliance Bancshares' stock price is $19.53.

First Reliance Bancshares share price increased by 0.7% in the last 30 days, and by 88.7% in the last year.

First Reliance Bancshares has an EPS (earnings per share) of $1.38.

First Reliance Bancshares Valuation Multiples

First Reliance Bancshares trades at 3.3x EV/Revenue multiple.

First Reliance Bancshares Financial Valuation Multiples

As of September 24, 2026, First Reliance Bancshares has market cap of $154M and EV of $166M.

First Reliance Bancshares has a P/E ratio of 14.1x.

First Reliance Bancshares Margins & Growth Rates

First Reliance Bancshares grew revenue by 11% and net profit by 17% in the last fiscal year.

In the most recent fiscal year, First Reliance Bancshares reported net margin of 23%.

First Reliance Bancshares Operational KPIs

First Reliance Bancshares' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Acquisitions by First Reliance Bancshares

First Reliance Bancshares has acquired 1 company to date.

Last acquisition by First Reliance Bancshares was on September 25th 2017. First Reliance Bancshares acquired Independence National Bank for $11M (EV/Revenue multiple available to Pro users).