Glen Burnie Bancorp Financials

GLBZ

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Glen Burnie Bancorp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.25x

For every $1 of reported earnings, Glen Burnie Bancorp generates $-0.25 in operating cash flow ($28K OCF vs -$112K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Glen Burnie Bancorp (GLBZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$15.2M

YoY+14.1%

5Y CAGR+0.9%

10Y CAGR+0.5%

Glen Burnie Bancorp generated $15.2M in revenue in fiscal year 2024. This represents an increase of 14.1% from the prior year.

EBITDA

N/A

Free Cash Flow

-$53K

YoY-104.3%

Glen Burnie Bancorp generated -$53K in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 104.3% from the prior year.

Net Income

-$112K

YoY-107.8%

Glen Burnie Bancorp reported -$112K in net income in fiscal year 2024. This represents a decrease of 107.8% from the prior year.

EPS (Diluted)

$-0.04

YoY-108.0%

Glen Burnie Bancorp earned $-0.04 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 108.0% from the prior year.

Cash & Debt

$24.5M

YoY+60.5%

5Y CAGR+13.0%

10Y CAGR+6.3%

Glen Burnie Bancorp held $24.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.20

YoY-50.0%

5Y CAGR-12.9%

10Y CAGR-6.7%

Glen Burnie Bancorp paid $0.20 per share in dividends in fiscal year 2024. This represents a decrease of 50.0% from the prior year.

Shares Outstanding

YoY+0.6%

5Y CAGR+0.5%

10Y CAGR+0.5%

Glen Burnie Bancorp had 3M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-0.7%

YoY-11.5pp

5Y CAGR-11.8pp

10Y CAGR-13.9pp

Glen Burnie Bancorp's net profit margin was -0.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 11.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$81K

YoY-46.7%

5Y CAGR-24.8%

10Y CAGR-15.6%

Glen Burnie Bancorp invested $81K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 46.7% from the prior year.

GLBZ Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$15.2M+14.1%	$13.3M+4.9%	$12.7M-6.0%	$13.5M-1.1%	$13.7M-5.8%	$14.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$4.3M+255.3%	$1.2M+40.9%	$853K-20.6%	$1.1M-29.1%	$1.5M-21.4%	$1.9M
Income Tax	-$525K-829.2%	$72K-70.0%	$240K-58.4%	$577K+17.5%	$491K+8.6%	$452K
Net Income	-$112K-107.8%	$1.4M-18.1%	$1.7M-30.6%	$2.5M+50.9%	$1.7M+4.3%	$1.6M
EPS (Diluted)	$-0.04-108.0%	$0.50-18.0%	$0.61-30.7%	$0.88+49.2%	$0.59	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$3.9M+1.5%	$3.9M+6.8%	$3.6M-8.2%	$4.0M-0.1%	$4.0M+1.7%	$3.9M+14.3%	$3.4M-0.9%	$3.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.1M-3.1%	$1.1M+7.0%	$1.1M-10.6%	$1.2M+4.7%	$1.1M+2.8%	$1.1M+32.9%	$833K+53.1%	$544K
Income Tax	-$38K+76.7%	-$163K-462.1%	-$29K+46.3%	-$54K-8.0%	-$50K+73.5%	-$189K+18.5%	-$232K-792.3%	-$26K
Net Income	$125K+159.1%	-$212K-238.6%	$153K+482.4%	-$40K-131.0%	$129K+163.3%	-$204K-6559.8%	$3K-98.1%	$167K
EPS (Diluted)	$0.04+157.1%	$-0.07-240.0%	$0.05+350.0%	$-0.02-150.0%	$0.04+157.1%	$-0.07	$0.00-100.0%	$0.06

GLBZ Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$359.0M+2.0%	$351.8M-7.8%	$381.4M-13.7%	$442.1M+5.4%	$419.5M+9.0%	$384.9M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$24.5M+60.5%	$15.2M-49.4%	$30.1M-51.6%	$62.2M+67.6%	$37.1M+179.1%	$13.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$341.1M+2.6%	$332.5M-9.0%	$365.4M-10.1%	$406.4M+6.3%	$382.4M+9.5%	$349.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$10.0M	$0	$0
Total Equity	$17.8M-7.8%	$19.3M+20.4%	$16.1M-55.1%	$35.7M-3.7%	$37.1M+4.0%	$35.7M
Retained Earnings	$22.9M-4.1%	$23.9M+1.2%	$23.6M+2.6%	$23.0M-0.4%	$23.1M+2.4%	$22.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$351.8M+0.3%	$350.7M-2.0%	$358.0M-0.3%	$359.0M-2.6%	$368.4M+3.6%	$355.7M-3.8%	$369.9M+5.1%	$351.8M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$12.2M-3.5%	$12.7M-46.5%	$23.7M-3.2%	$24.5M+8.9%	$22.5M+33.8%	$16.8M-60.6%	$42.6M+179.7%	$15.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$317K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$331.1M-0.2%	$331.8M-2.1%	$338.8M-0.7%	$341.1M-1.7%	$347.2M+2.6%	$338.2M-3.8%	$351.7M+5.8%	$332.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$20.7M+9.5%	$18.9M-1.3%	$19.2M+7.7%	$17.8M-15.8%	$21.2M+21.1%	$17.5M-3.6%	$18.1M-6.2%	$19.3M
Retained Earnings	$22.9M+0.5%	$22.8M-0.9%	$23.0M+0.7%	$22.9M-0.2%	$22.9M-0.7%	$23.1M-2.1%	$23.6M-1.2%	$23.9M

GLBZ Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$28K-98.0%	$1.4M-37.1%	$2.2M-39.1%	$3.7M+128.2%	$1.6M-46.5%	$3.0M
Capital Expenditures	$81K-46.7%	$152K-40.6%	$256K-10.8%	$287K-49.9%	$573K+70.5%	$336K
Free Cash Flow	-$53K-104.3%	$1.2M-36.7%	$2.0M-41.6%	$3.4M+227.4%	$1.0M-61.3%	$2.7M
Investing Cash Flow	$847K-95.2%	$17.7M+151.8%	$7.0M+650.1%	-$1.3M+87.1%	-$9.9M-137.5%	$26.3M
Financing Cash Flow	$8.3M+124.6%	-$33.9M+17.9%	-$41.3M-282.0%	$22.7M-29.2%	$32.1M+200.3%	-$32.0M
Dividends Paid	$865K-24.7%	$1.1M+0.5%	$1.1M+0.4%	$1.1M+0.4%	$1.1M+0.5%	$1.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$862K-1667.3%	$55K+113.4%	-$411K+43.5%	-$728K-246.5%	$497K+255.0%	$140K+17.6%	$119K-79.2%	$571K
Capital Expenditures	N/A	N/A	N/A	-$50K-212.5%	-$16K-114.2%	$113K+232.4%	$34K+41.7%	$24K
Free Cash Flow	N/A	N/A	N/A	-$778K-261.7%	$481K+1681.5%	$27K-68.2%	$85K-84.5%	$547K
Investing Cash Flow	$1.7M+140.5%	-$4.1M-365.1%	$1.6M-80.1%	$7.8M+363.2%	-$3.0M+76.0%	-$12.4M-247.8%	$8.4M-17.9%	$10.2M
Financing Cash Flow	-$1.2M+82.0%	-$6.9M-259.3%	-$1.9M+62.0%	-$5.1M-162.4%	$8.1M+159.8%	-$13.6M-172.1%	$18.9M+288.5%	-$10.0M
Dividends Paid	N/A	N/A	N/A	-$1K-100.3%	$289K-0.3%	$290K+1.0%	$287K-0.3%	$288K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLBZ Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-0.7%-11.5pp	10.7%-3.0pp	13.7%-4.9pp	18.6%+6.4pp	12.2%+1.2pp	11.0%
Return on Equity	N/A	7.4%-3.5pp	10.9%+3.8pp	7.0%+2.5pp	4.5%+0.0pp	4.5%
Return on Assets	-0.0%-0.4pp	0.4%-0.0pp	0.5%-0.1pp	0.6%+0.2pp	0.4%-0.0pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	19.15+1.9	17.21-5.6	22.76+22.5	0.28+0.3	0.000.0	0.00
FCF Margin	-0.4%-9.7pp	9.3%-6.1pp	15.5%-9.4pp	24.9%+17.4pp	7.5%-10.8pp	18.3%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.2%+8.6pp	-5.5%-9.7pp	4.2%+5.2pp	-1.0%-4.3pp	3.3%+8.5pp	-5.2%-5.3pp	0.1%-4.8pp	4.9%
Return on Equity	0.6%	N/A	0.8%	N/A	0.6%	N/A	0.0%-0.8pp	0.9%
Return on Assets	0.0%+0.1pp	-0.1%-0.1pp	0.0%+0.1pp	-0.0%-0.1pp	0.0%+0.1pp	-0.1%-0.1pp	0.0%-0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	15.97-1.6	17.52-0.1	17.66-1.5	19.15+2.7	16.41-3.0	19.36-0.0	19.40+2.2	17.21
FCF Margin	N/A	N/A	N/A	-19.7%-31.8pp	12.2%+11.5pp	0.7%-1.8pp	2.5%-13.4pp	15.9%

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Frequently Asked Questions

What is Glen Burnie Bancorp's annual revenue?

Glen Burnie Bancorp (GLBZ) reported $15.2M in total revenue for fiscal year 2024. This represents a 14.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Glen Burnie Bancorp's revenue growing?

Glen Burnie Bancorp (GLBZ) revenue grew by 14.1% year-over-year, from $13.3M to $15.2M in fiscal year 2024.

Is Glen Burnie Bancorp profitable?

No, Glen Burnie Bancorp (GLBZ) reported a net income of -$112K in fiscal year 2024, with a net profit margin of -0.7%.

What is Glen Burnie Bancorp's earnings per share (EPS)?

Glen Burnie Bancorp (GLBZ) reported diluted earnings per share of $-0.04 for fiscal year 2024. This represents a -108.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Glen Burnie Bancorp's net profit margin?

Glen Burnie Bancorp (GLBZ) had a net profit margin of -0.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Glen Burnie Bancorp pay dividends?

Yes, Glen Burnie Bancorp (GLBZ) paid $0.20 per share in dividends during fiscal year 2024.

What is Glen Burnie Bancorp's free cash flow?

Glen Burnie Bancorp (GLBZ) generated -$53K in free cash flow during fiscal year 2024. This represents a -104.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Glen Burnie Bancorp's operating cash flow?

Glen Burnie Bancorp (GLBZ) generated $28K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Glen Burnie Bancorp's total assets?

Glen Burnie Bancorp (GLBZ) had $359.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Glen Burnie Bancorp's capital expenditures?

Glen Burnie Bancorp (GLBZ) invested $81K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Glen Burnie Bancorp have outstanding?

Glen Burnie Bancorp (GLBZ) had 3M shares outstanding as of fiscal year 2024.

What is Glen Burnie Bancorp's debt-to-equity ratio?

Glen Burnie Bancorp (GLBZ) had a debt-to-equity ratio of 19.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Glen Burnie Bancorp's return on assets (ROA)?

Glen Burnie Bancorp (GLBZ) had a return on assets of -0.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Glen Burnie Bancorp's Piotroski F-Score?

Glen Burnie Bancorp (GLBZ) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Glen Burnie Bancorp's earnings high quality?

Glen Burnie Bancorp (GLBZ) has an earnings quality ratio of -0.25x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.