Glen burnie bancorp announces fourth quarter and full year 2022 results

Glen burnie, md., feb. 14, 2023 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended december 31, 2022, compared to net income of $554,000, or $0.19 per basic and diluted common share for the three-month period ended december 31, 2021. bancorp reported net income of $1.75 million, or $0.61 per basic and diluted common share for the twelve-month period ended december 31, 2022, compared to $2.52 million, or $0.88 per basic and diluted common share for the same period in 2021. on december 31, 2022, bancorp had total assets of $381.4 million. bancorp, the oldest independent commercial bank in anne arundel county, paid its 122nd consecutive quarterly dividend on february 6, 2023.
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