Glen burnie bancorp announces third quarter 2024 results

Glen burnie, md., oct. 31, 2024 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today net income of $129,000, or $0.04 per basic and diluted common share for the three-month period ended september 30, 2024, compared to net income of $551,000, or $0.19 per basic and diluted common share for the three-month period ended september 30, 2023.   bancorp reported a net loss of $72,000, or $0.02 per basic and diluted common share for the nine-month period ended september 30, 2024, compared to net income of $1.3 million, or $0.44 per basic and diluted common share for the same period in 2023. on september 30, 2024, bancorp had total assets of $368.4 million. bancorp is the oldest independent commercial bank in anne arundel county.
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