Glen burnie bancorp announces third quarter 2023 results

Glen burnie, md., oct. 31, 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 $551,000, or $0.19 per basic and diluted common share for the three-month period ended september 30, 2023, compared to net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended september 30, 2022. bancorp reported net income of $1.3 million, or $0.44 per basic and diluted common share for the nine-month period ended september 30, 2023, compared to $915,000, or $0.32 per basic and diluted common share for the same period in 2022. on september 30, 2023, bancorp had total assets of $355.4 million. bancorp, the oldest independent commercial bank in anne arundel county, will pay its 125th consecutive quarterly dividend on november 6, 2023.
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