Glen burnie bancorp announces third quarter 2022 results

Glen burnie, md., nov. 04, 2022 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended september 30, 2022, compared to net income of $888,000, or $0.31 per basic and diluted common share for the three-month period ended september 30, 2021. bancorp reported net income of $915,000, or $0.32 per basic and diluted common share for the nine-month period ended september 30, 2022, compared to $1,962,000, or $0.69 per basic and diluted common share for the same period in 2021. on september 30, 2022, bancorp had total assets of $415.6 million. bancorp, the oldest independent commercial bank in anne arundel county, will pay its 121st consecutive quarterly dividend on november 7, 2022.
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