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Glen Burnie Bancorp - GLBZ STOCK NEWS

Welcome to our dedicated news page for Glen Burnie Bancorp (Ticker: GLBZ), a resource for investors and traders seeking the latest updates and insights on Glen Burnie Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Glen Burnie Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Glen Burnie Bancorp's position in the market.

Rhea-AI Summary
Glen Burnie Bancorp Reports First Quarter 2024 Results with Decline in Net Income, Net Interest Income, and Return on Average Assets
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
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Rhea-AI Summary
Glen Burnie Bancorp (GLBZ) declares a regular dividend of $0.10 per share, marking its 127th consecutive dividend. The company's consolidated assets stand at $369.9 million as of March 31, 2024. Founded in 1949, The Bank of Glen Burnie serves Anne Arundel County, MD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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dividends
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Rhea-AI Summary
Glen Burnie Bancorp (GLBZ) reported net income of $167,000 for Q4 2023, a decrease from $830,000 in Q4 2022. Total assets were $351.8 million on Dec 31, 2023. The bank paid its 126th consecutive quarterly dividend. Despite challenges, the company aims to focus on core banking business and enhance infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
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Rhea-AI Summary
Glen Burnie Bancorp (GLBZ) Declares 126th Consecutive Dividend, Payable on February 5, 2024
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Rhea-AI Sentiment
End-of-Day
5.07%
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dividends
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Rhea-AI Summary
Glen Burnie Bancorp (NASDAQ: GLBZ) reported net income of $551,000 for Q3 2023, compared to $375,000 in Q3 2022. For the nine-month period ending September 30, 2023, net income was $1.3 million, compared to $915,000 in the same period in 2022. Total assets were $355.4 million on September 30, 2023. The bank will pay its 125th consecutive quarterly dividend on November 6, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
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Rhea-AI Summary
Glen Burnie Bancorp declares regular dividend of $0.10 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
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dividends
Rhea-AI Summary
Mark C. Hanna appointed as President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie, succeeding John D. Long. Hanna has a proven track record of low-cost deposit growth, maintaining asset quality, and driving digital adoption strategy. He brings over 30 years of banking experience. Hanna's leadership and expertise expected to lead to greater growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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dividends
Rhea-AI Summary
Glen Burnie Bancorp announced that President and CEO John D. Long plans to retire by the end of 2023. The Board of Directors will oversee the process of choosing his successor. The bank has an experienced leadership team in place and is confident in its future success.
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End-of-Day
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Glen Burnie Bancorp

Nasdaq:GLBZ

GLBZ Rankings

GLBZ Stock Data

14.41M
2.31M
18.37%
5.57%
0.36%
Commercial Banking
Finance and Insurance
Link
United States of America
GLEN BURNIE

About GLBZ

the bank of glen burnie is a safe, sound, community oriented bank committed to excellence in satisfying the needs of our customers, shareholders and employees. the bank has eight branches in anne arundel county, maryland. we offer consumer and commercial services to our community. member fdic.