Glen burnie bancorp announces second quarter 2024 results

Glen burnie, md., july 26, 2024 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today a net loss of $204,000, or $0.07 per basic and diluted common share for the three-month period ended june 30, 2024, compared to net income of $276,000, or $0.10 per basic and diluted common share for the three-month period ended june 30, 2023.   bancorp reported a net loss of $201,000, or $0.07 per basic and diluted common share for the six-month period ended june 30, 2024, compared to net income of $710,000, or $0.25 per basic and diluted common share for the same period in 2023. on june 30, 2024, bancorp had total assets of $355.7 million. bancorp, the oldest independent commercial bank in anne arundel county, will pay its 128th consecutive quarterly dividend on august 5, 2024.
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