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First Reliance reports steady Q3 2026 earnings of $2.7M and prepares merger with Colony Bank.

Company Fundamentals
28 Oct 2026, 23:15 WIB
PRNewsWire
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Neutral
First Reliance reports steady Q3 2026 earnings of $2.7M and prepares merger with Colony Bank.

First Reliance Bancshares posted net income of $2.7 million for Q3 2026, matching last year's quarter, with operating earnings up slightly. The bank saw modest growth in net interest income and deposits, though nonperforming assets rose due to one large loan. It received regulatory and shareholder approval for a merger with Colony Bank, expected to close November 1, 2026, creating a combined entity with nearly $5 billion in assets. This merger marks a significant expansion for First Reliance as it continues steady financial performance amid rising interest rates.

First Reliance Bancshares' Q3 2026 results provide context for readers, with Pluang's snapshot as of Oct 29, 2026 03:01 WIB showing 85 of 142 Financials-sector US stocks rose while 56 fell. Notable movers include MRX at USD 66.36 with a 1-day change of -4.53% and 100% buy order activity, OWL at USD 9.71 up 4.35%, and DB at USD 33.49 up 4.27% with 63% buy orders. The most notable figure is MRX's full buy order activity despite its price drop.

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