Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
First Reliance BancsharesFSRL +0.30%45 Pretax Margin % is 27.60% as of Jun. 2026, which is 52% above its 10-year median of 18.19. 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. Among 1,525 Banks companies, First Reliance Bancshares ranks worse than 63.28% on this metric.
First Reliance Bancshares (OTCPK:FSRL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
First Reliance Bancshares Pretax Margin % Related Terms
First Reliance Bancshares Pretax Margin % Historical Data
* 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.
FSRL vs TYFG, BKUT, PBCO: Pretax Margin % Comparison
For the Banks - Regional subindustry, First Reliance Bancshares's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First Reliance Bancshares's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where First Reliance Bancshares's Pretax Margin % falls into.
* 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 (FSRL) has a Pretax Margin % of 27.60% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Reliance Bancshares and its competitors. This is 52% above median its historical median of 18.19. Over the past decade, First Reliance Bancshares' Pretax Margin % has ranged from 10.98 to 30.10. According to the industry distribution chart, First Reliance Bancshares ranks #965 out of 1525 companies in the Banks industry, placing it in the top 63.3%.
Is First Reliance Bancshares' Pretax Margin % too high?
First Reliance Bancshares' current Pretax Margin % of 27.60% is 52% above median its 10-year median of 18.19. Over the past 10 years, this metric has ranged from a low of 10.98 to a high of 30.10. The Banks industry median Pretax Margin % is 35.37. First Reliance Bancshares' value of 27.60% is 22% below this industry median. Based on the distribution chart, First Reliance Bancshares ranks #965 out of 1525 companies in the Banks industry, which is below the industry midpoint. 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' Pretax Margin % compare to TYFG and BKUT?
According to the Banks industry distribution chart, First Reliance Bancshares ranks #965 out of 1525 companies for Pretax Margin %. This places First Reliance Bancshares in the lower half of its industry. The industry median Pretax Margin % is 35.37. First Reliance Bancshares' value of 27.60% is 22% below this benchmark. Historically, First Reliance Bancshares' own Pretax Margin % has ranged from 10.98 to 30.10 over the past decade. While the company's 10-year median is 18.19 vs. the industry median of 35.37, First Reliance Bancshares has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 35.37, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Reliance Bancshares's current Pretax Margin % of 27.60% is 22% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Reliance Bancshares and its competitors. For the Banks industry, the median Pretax Margin % is 35.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Reliance Bancshares's current Pretax Margin % is 27.60%, which is 52% above median its own 10-year median of 18.19. 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 Pretax Margin % is 27.60%, which is 52% above median its 10-year median of 18.19 and 22% below the Banks industry median of 35.37. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For First Reliance Bancshares (FSRL), the current Pretax Margin % is 27.60% 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:
Pretax Margin %: 27.60% (52% above median its 10-year median of 18.19)
GF Value™: $11.61 vs. price of $19.80 (70.5% above fair value)
Industry Position: 22% below the Banks median (#965 of 1525)
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 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
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FSRL has been successfully added to your 
