Welcome to our dedicated page for Glen Burnie Bancorp news (Ticker: GLBZ), a resource for investors and traders seeking the latest updates and insights on Glen Burnie Bancorp stock.
Glen Burnie Bancorp (GLBZ) operates The Bank of Glen Burnie, providing community-focused banking services across Anne Arundel County. This page serves as the definitive source for tracking the company's financial developments, strategic initiatives, and regulatory updates.
Investors and stakeholders will find curated press releases covering quarterly earnings, leadership appointments, and operational milestones. Our collection includes verified updates on loan portfolio performance, deposit growth trends, and compliance with banking regulations.
All content undergoes strict verification to ensure accuracy, with direct links to official SEC filings and primary sources. Regular updates reflect the bank's commitment to retail banking innovation and commercial client support within Maryland's competitive financial landscape.
Bookmark this page for streamlined access to GLBZ's latest developments, including FDIC-related updates and community partnership announcements. For comprehensive understanding of this regional banking institution's trajectory, check back frequently for new verified updates.
Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share on April 13, 2023, marking its 123rd consecutive dividend. The dividend is set to be paid on May 8, 2023, to shareholders on record by the close of business on April 24, 2023. As of March 31, 2023, the company reported consolidated assets totaling $363.4 million.
The Bank of Glen Burnie, a community bank established in 1949, operates eight branches in Anne Arundel County, MD. This consistent dividend payout highlights the company’s commitment to returning value to shareholders amidst its stable asset management.
Glen Burnie Bancorp (NASDAQ: GLBZ) reported a net income of $830,000 for Q4 2022, up from $554,000 in Q4 2021. For the full year, net income decreased to $1.75 million from $2.52 million year-over-year. The bank's total assets declined by 13.71% to $381.4 million by year-end 2022, with loans decreasing 11.38% to $186.4 million. Despite challenges, non-performing assets remained low at 0.13% of total assets. The bank declared its 122nd consecutive quarterly dividend. Management highlighted a stable earnings stream and a focus on targeted balance sheet growth as it navigates rising interest rates and economic uncertainty.
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