First Reliance Bancshares Reports Third Quarter 2026 Results
PR Newswire•28/10/2026•16:15 ET
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Key Highlights
- ➤Net income $2.7 million, or $0.33 diluted EPS, unchanged year over year
- ➤Nine-month operating EPS $1.13, up from $0.79 year over year
- ➤Nonperforming assets rose $5.9 million to $6.6 million, primarily one loan
- ➤Colony Bank merger approved; closing scheduled for November 1, 2026
- ➤Net interest income $9.9 million, up 4.6% year over year
Expert Statements
Rick Saunders, Chief Executive Officer of First Reliance Bancshares
“Overall the third quarter of 2026 was steady from an earnings standpoint. The margin compressed slightly compared to the second quarter and tangible book value was affected by the increase in the unrealized loss of the securities portfolio as interest rates have risen during the quarter. Net interest margin declined by one basis point compared to the second quarter of 2026. The bank experienced net recoveries in the third quarter of 2026, the fourth quarter in a row. We have received regulatory approval and shareholder approval for our announced partnership with Colony Bank and look forward to joining that team with closing anticipated on November 1, 2026.”
First Reliance Bancshares Reports Third Quarter 2026 Results PR Newswire
FLORENCE, S.C., Oct. 28, 2026 /PRNewswire/ -- First Reliance Bancshares, Inc. (OTCQX:FSRL), the holding company for First Reliance Bank (collectively, "First Reliance" or the "Company"), today announced its financial results for the third quarter of 2026.
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