Glen burnie bancorp announces fourth quarter and full year 2023 results

Glen burnie, md., feb. 16, 2024 (globe newswire) -- glen burnie bancorp (“bancorp”) (nasdaq: glbz), the bank holding company for the bank of glen burnie (“bank”), announced today net income of $167,000, or $0.06 per basic and diluted common share for the three-month period ended december 31, 2023, compared to net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended december 31, 2022.   bancorp reported net income of $1.43 million, or $0.50 per basic and diluted common share for the twelve-month period ended december 31, 2023, compared to $1.75 million, or $0.61 per basic and diluted common share for the same period in 2022. on december 31, 2023, bancorp had total assets of $351.8 million. bancorp, the oldest independent commercial bank in anne arundel county, paid its 126th consecutive quarterly dividend on february 5, 2024.
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