Glen Burnie Bancorp Stock Price, News & Analysis

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share during its Board meeting on January 13, 2022, marking its 118th consecutive dividend. The dividend is set to be paid on February 7, 2022, to shareholders recorded by January 24, 2022. As of December 31, 2021, the company reported consolidated assets of $442.0 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, a community bank serving Anne Arundel County, MD.

Glen Burnie Bancorp (NASDAQ: GLBZ) reported a net income of $888,000 for Q3 2021, down from $949,000 in Q3 2020. Year-to-date net income reached $1,962,000, compared to $1,123,000 in 2020. As of September 30, 2021, total assets were $432.8 million, with a significant $593,000 benefit from the release of allowance for credit losses. Total loans decreased by 18.55% to $221.9 million, while deposits increased by 8.89%. The bank continues to focus on improving financial metrics amid a challenging market due to excess liquidity and low interest rates.

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share on October 14, 2021, marking the 117th consecutive dividend. The dividend is payable on November 8, 2021, to shareholders of record as of October 25, 2021. As of September 30, 2021, the company's consolidated assets total $432.8 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, a community bank with eight branches in Anne Arundel County, MD, serving its local community.

Glen Burnie Bancorp (NASDAQ: GLBZ) reported a net income of $480,000, or $0.17 per share, for Q2 2021, a recovery from a net loss of $96,000 in Q2 2020. For the first half of 2021, net income reached $1,074,000, a significant rise from $174,000 in 2020. Total assets on June 30, 2021, amounted to $432.8 million, reflecting a 3.49% increase from 2020. The bank released $67,000 from allowance for credit losses in Q2 2021 compared to a provision of $487,000 in Q2 2020. However, total loans decreased by 17.58% year-over-year, and net interest income was down by $92,000 for the six-month period.

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share during its Board meeting on July 8, 2021, marking the 116th consecutive dividend. This dividend is set to be paid on July 30, 2021, to shareholders of record as of July 19, 2021. As of June 30, 2021, Glen Burnie Bancorp reported consolidated assets totaling $432.8 million, showcasing its position as a community bank in Anne Arundel County, MD, with eight branch offices.

Glen Burnie Bancorp (NASDAQ: GLBZ) reported a net income of $0.59 million ($0.21 per share) for Q1 2021, compared to $0.27 million ($0.09 per share) in Q1 2020. Total assets grew to $436.7 million, a 4.11% increase from the prior quarter, while net loan balances fell by $8.4 million (3.32%). Despite margin compression, deposit growth was strong at 5.5%. The bank continues to maintain robust credit quality metrics and paid its 115th consecutive quarterly dividend on April 30, 2021. A notable change in the allowance for credit losses reflects improved asset quality, with a reduction in provision for credit losses.

Glen Burnie Bancorp (NASDAQ: GLBZ) has declared a regular dividend of $0.10 per share, marking its 115th consecutive dividend. The decision was made during the Board of Directors meeting on April 8, 2021. The dividend is scheduled for payment on April 30, 2021, to shareholders on record by the close of business on April 19, 2021. As of March 31, 2021, the bank maintains consolidated assets of $436.7 million, serving the Anne Arundel County area with eight branches since its establishment in 1949.

Glen Burnie Bancorp (NASDAQ: GLBZ) reported a net income of $0.55 million for Q4 2020, slightly up from $0.54 million in Q4 2019, and a total net income of $1.67 million for the year, compared to $1.60 million in 2019. Total assets increased to $419.5 million, with net loans decreasing by 10.75% to $253.8 million. Despite a decline in total interest income to $13.7 million, the bank remained above regulatory capital requirements. The upcoming 114th quarterly dividend will be paid on February 8, 2021. CEO John D. Long highlighted the bank's resilience amid challenges and commitment to future growth.

Glen Burnie Bancorp (NASDAQ: GLBZ) has declared a regular dividend of $0.10 per share, marking its 114th consecutive dividend. The dividend is payable on February 8, 2021, to shareholders who are on record by the close of business on January 25, 2021. As of December 31, 2020, the company reported consolidated assets of $419.6 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, which has eight branches serving Anne Arundel County, MD.