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Stock impact report

Glen Burnie Bancorp Announces Fourth Quarter And Full Year 2023 Results

Glen Burnie Bancorp (GLBZ) 
US:NASDAQ Investor Relations: thebankofglenburnie.com/investor-relations
Company Research Source: GlobeNewswire
GLEN BURNIE, Md., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $167,000, or $0.06 per basic and diluted common share for the three-month period ended December 31, 2023, compared to net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended December 31, 2022.   Bancorp reported net income of $1.43 million, or $0.50 per basic and diluted common share for the twelve-month period ended December 31, 2023, compared to $1.75 million, or $0.61 per basic and diluted common share for the same period in 2022. On December 31, 2023, Bancorp had total assets of $351.8 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, paid its 126th consecutive quarterly dividend on February 5, 2024. “While 2023 proved to be a challenging year for our industry, we are pleased with our 2023 operating results as we Show less Read more
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