Glen burnie bancorp announces second quarter 2022 results

Glen burnie, md., aug. 08, 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 $309,000, or $0.11 per basic and diluted common share for the three-month period ended june 30, 2022, compared to net income of $480,000, or $0.17 per basic and diluted common share for the three-month period ended june 30, 2021.   bancorp reported net income of $540,000, or $0.19 per basic and diluted common share for the six-month period ended june 30, 2022, compared to $1,074,000, or $0.38 per basic and diluted common share for the same period in 2021. on june 30, 2022, bancorp had total assets of $429.4 million. bancorp, the oldest independent commercial bank in anne arundel county, will pay its 120th consecutive quarterly dividend on august 8, 2022.
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