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Company Profile: Revenue, Growth, Competition

FIRST RELIANCE BANCSHARES - Revenue, Growth & Competitor Profile

DBA FIRST RELIANCE BANK
2170 W Palmetto St
Florence, SC 29501

Last updated:

Company Awards

Fast Growing
Fastest Growing
Brain Power (IP)
Patent/Trademark IP
 
VC / Private Equity
Venture Capital / 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.

Access the complete profile.


Fast Facts

Revenue$10 - $100 million    Exact Revenue in Premium Report
Employees100 - 1,000Exact Employee Count Available in Premium Report
Primary Industry52211 Commercial Banking
Note: Revenues are statistical evaluations.


First Reliance Bancshares's Business Operations Profile shows critical firmographic facts:
  • What is the company's size? (Revenue and employees)
  • What industry is the company in?

First Reliance Bancshares Revenue and Growth Rate

First Reliance Bancshares Revenue Est.
($ Million)
Growth Rate (%)# Employees
2015Details in Premium Report
2014
2013
2012


1-Year Growth Rate:
3-Year Growth Rate (CAGR):
Premium Report

Note: First Reliance Bancshares's revenues are gauged from an analysis of company filings.



Investor Activity

First Reliance Bancshares has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date Investors Percent Raised Target Size
October 2, 2017 17 100%$25 MM
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) First Reliance Bancshares Premium Report
Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
 


Trademark Applications

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.

Trademark Date
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

See all trademarks and details in the Full Report.


Recession Risk

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.

Company HeadquartersRevenue ($ MM)
JPMORGAN CHASE BANK N.A.New York, NY100 
CITIGROUPNew York, NY70 
U.S. BANCORPRobbinsdale, MN23 
BANK OF NEW YORK MELLONNew York, NY17 
PNC FINANCIAL SERVICES GROUPPittsburgh, PA11 
RBS CITIZENS FINANCIAL GROUPSmithfield, RI7 




Nearby Competitors

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.

Company HeadquartersRevenue ($ MM)
CONWAY NATIONAL BANKConway, SC100 
ANDERSON BROTHERS BANKMullins, SC91 
FIRST RELIANCE BANCSHARESFlorence, SC49 
PLANTATION FINANCIALPawleys Island, SC38 
CAROLINA BANK & TRUSTDarlington, SC37 
HORRY COUNTY STATE BANKLoris, SC34 




Similar Sized Companies near Florence

These are similar in size and location to First Reliance Bancshares.

Company HeadquartersRevenue ($ MM)
WILSON SENIOR CAREDarlington, SC91 
THAGPawleys Island, SC91 
A.O. HARDEE & SONLittle River, SC94 
CNB CORP /SC/Conway, SC97 
POPZ USABennettsville, SC99 
HADWIN WHITE PONTIAC-BUICK-GMC TRUCKSConway, SC100 
CROWN BEVERAGESFlorence, SC86 
HIGGINBOTHAM AUTOMOBILES OF MYRTLEMyrtle Beach, SC85 
NATIONAL GOLF MANAGEMENTMyrtle Beach, SC82 
BCN HOLDINGSFlorence, SC81 
BUTLER'S ELECTRIC SUPPLY OF FAYETTEVILLEMyrtle Beach, SC80 
BURROUGHS & CHAPINMyrtle Beach, SC80 




Fastest Growing Competitors

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.

CompanyRevenue ($ MM)
First Reliance Bancshares Competitors