FSRL (First Reliance Bancshares) Book Value per Share: $12.47 (As of Jun. 2026)

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FSRL First Reliance Bancshares Inc FSRL
45 GF Score
Price $19.80
GF Value $11.61
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is First Reliance Bancshares Book Value per Share?

First Reliance Bancshares FSRL +0.30% 45 Book Value per Share is $12.47 as of Jun. 2026. GuruFocus rates FSRL with a GF Score™ of 45/100 and a GF Value™ of $11.61 (Significantly Overvalued). The stock has 5 warning signs investors should review.

First Reliance Bancshares's book value per share for the quarter that ended in Jun. 2026 was $12.47.

During the past 3 years, the average Book Value Per Share Growth Rate was 15.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Reliance Bancshares was 52.20% per year. The lowest was -22.00% per year. And the median was 4.10% per year.

First Reliance Bancshares's current price is $19.80. Its book value per share for the quarter that ended in Jun. 2026 was $12.47. Hence, today's PB Ratio of First Reliance Bancshares is 1.59.

During the past 13 years, the highest P/B Ratio of First Reliance Bancshares was 1.60. The lowest was 0.90. And the median was 1.13.

Warning Sign:

First Reliance Bancshares Inc stock PB Ratio (=1.58) is close to 2-year high of 1.6.


First Reliance Bancshares  (OTCPK:FSRL) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


First Reliance Bancshares Book Value per Share Related Terms


First Reliance Bancshares Book Value per Share Historical Data

* Premium members only.

The historical data trend for First Reliance Bancshares's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Reliance Bancshares Book Value per Share Chart

First Reliance Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.57 7.78 8.77 9.68 11.88

First Reliance Bancshares Quarterly Data
Jun14 Sep14 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 11.42 11.88 12.15 12.47

FSRL vs TYFG, BKUT, PBCO: Book Value per Share Comparison

For the Banks - Regional subindustry, First Reliance Bancshares's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Reliance Bancshares PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, First Reliance Bancshares's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Reliance Bancshares's PB Ratio falls into.


FSRL
45GF Score
First Reliance Bancshares Inc FSRL
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Reliance Bancshares Book Value per Share Calculation

First Reliance Bancshares's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(93.07-0.00)/7.83
=11.88

First Reliance Bancshares's Book Value Per Share for the quarter that ended in Jun. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(98.42-0.00)/7.89
=12.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $12.47 mean?
First Reliance Bancshares (FSRL) has a Book Value per Share of $12.47 as of Jun. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on First Reliance Bancshares and its competitors.
Is First Reliance Bancshares' Book Value per Share too high?
First Reliance Bancshares' current Book Value per Share is $12.47. Overall, First Reliance Bancshares has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Reliance Bancshares' Book Value per Share compare to TYFG and BKUT?
First Reliance Bancshares' Book Value per Share of $12.47 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Banks company?
A good Book Value per Share depends on the Banks industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on First Reliance Bancshares and its competitors. First Reliance Bancshares's current Book Value per Share is $12.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Reliance Bancshares stock overvalued right now?
Based on GuruFocus' analysis, First Reliance Bancshares (FSRL) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.61, compared to a current price of $19.80 — trading 70.5% above its estimated fair value. The current Book Value per Share is $12.47. First Reliance Bancshares' overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For First Reliance Bancshares (FSRL), the current Book Value per Share is $12.47 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Reliance Bancshares (FSRL) Overvalued in 2026?

Based on GuruFocus' analysis, First Reliance Bancshares stock appears to be overvalued. The current stock price of $19.80 is trading 70.5% above its estimated GF Value™ of $11.61. GuruFocus considers First Reliance Bancshares to be Significantly Overvalued.

Key valuation signals for FSRL:

  • Book Value per Share: $12.47
  • GF Value™: $11.61 vs. price of $19.80 (70.5% above fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the FSRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Reliance Bancshares Business Description

Address 2170 West Palmetto Street, Florence, SC, USA, 29501
First Reliance Bancshares Inc operates as a South Carolina-chartered commercial bank providing banking services across domestic markets in South Carolina. Its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Company mainly offers loans to individuals and small businesses for a range of personal and commercial purposes, mainly in South Carolina and North Carolina. It also provides a range of services, including personal banking, business banking, treasury services, and online and mobile banking, etc.
45GF Score

Get the complete analysis for FSRL

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.80
Price
$11.61
GF Value