Glen burnie bancorp announces second quarter 2023 results

Glen burnie, md., aug. 01, 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 $276,000, or $0.10 per basic and diluted common share for the three-month period ended june 30, 2023, compared to net income of $309,000, or $0.11 per basic and diluted common share for the three-month period ended june 30, 2022.   bancorp reported net income of $710,000, or $0.25 per basic and diluted common share for the six-month period ended june 30, 2023, compared to $540,000, or $0.19 per basic and diluted common share for the same period in 2022. on june 30, 2023, bancorp had total assets of $363.6 million. bancorp, the oldest independent commercial bank in anne arundel county, will pay its 124th consecutive quarterly dividend on august 7, 2023.
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