FIRST RELIANCE BANCSHARES - Revenue, Growth & Competitor Profile
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DBA FIRST RELIANCE BANK
2170 W Palmetto St Florence, SC 29501 Last updated:
Brain Power (IP)
VC / Private Equity
Company Profile & Financial Information for First Reliance Bancshares
First Reliance Bancshares's revenue, profitability, growth rate by year. Trademarks and applications show First Reliance Bancshares's marketing strategy.
Precise revenue figures by year, number of employees, and trademarks indicate First Reliance Bancshares's strengths.
First Reliance Bancshares operates in the Commercial Banking industry. A list of fastest growing competitors, and info on recession risks show First Reliance Bancshares's weaknesses relative to its competitors.
Note: First Reliance Bancshares's revenues are gauged from an analysis of company filings.
First Reliance Bancshares has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.
October 2, 2017
Complete list of funding rounds and total amounts in the Company Report
First Reliance Bancshares's Income Statement (based on Industry Averages)
$ Millions (Industry Average)
First Reliance Bancshares Revenue (Sales)
Cost of Goods Sold
Salaries and wages
Other Operating Expenses
Total Operating Expenses
EBIT (Earnings Before Interest and Taxes)
Trademark applications show the products and services that First Reliance Bancshares is developing and marketing.
First Reliance Bancshares's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets.
Trademarks may include brand names, product names, logos and slogans.
FIRST RELIANCE WEALTH STRATEGIES Investment and insurance banking services
FIRST RELIANCE DEALER SERVICES Financing relating to automobiles
FIRST RELIANCE MORTGAGE Mortgage banking services, namely, origination, acquisition, servicing, securitization and brokerage of mortgage loans
Determine whether First Reliance Bancshares grew or shrank during the last recession. This is useful in estimating the
financial strength and credit risk of the company.
Compare how recession-proof First Reliance Bancshares is relative to the industry overall.
While a new recession may strike a particular industry, measuring the
industry and company's robustness during the last recession estimates its ability to weather future recessions.
Market Share of Competition: First Reliance Bancshares vs. Largest Competitors
A competitive analysis shows these companies are in the same general field as First Reliance Bancshares, even though they may not compete head-to-head.
These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines.
The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies.
Competitive advantage comes from offering better pricing or superior products/service.
These companies are similar in business line and location to First Reliance Bancshares.
While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.
These companies are in the same general field as First Reliance Bancshares and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.