Glen burnie bancorp announces fourth quarter and full year 2024 results

Glen burnie, md., feb. 06, 2025 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today net loss of $39,000, or -$0.01 per basic and diluted common share, for the three-month period ended december 31, 2024, compared to net income of $167,000, or $0.06 per basic and diluted common share, for the three-month period ended december 31, 2023. bancorp reported a net loss of $112,000, or -$0.04 per basic and diluted common share, for the twelve-month period ended december 31, 2024, compared to net income of $1.4 million, or $0.50 per basic and diluted common share, for the same period in 2023. on december 31, 2024, bancorp had total assets of $358.9 million. bancorp is the oldest independent commercial bank in anne arundel county.
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