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Glen Burnie Bancorp  (GLBZ)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $6.5900 $0.39 6.290%
Day's High: $6.6 Week Perf: -0.15 %
Day's Low: $ 6.22 30 Day Perf: -0.69 %
Volume (M): 2 52 Wk High: $ 9.82
Volume (M$): $ 13 52 Wk Avg: $6.93
Open: $6.60 52 Wk Low: $4.90



 Market Capitalization (Millions $) 19
 Shares Outstanding (Millions) 3
 Employees 93
 Revenues (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -40
 Capital Exp. (TTM) (Millions $) 0

Glen Burnie Bancorp

Glen Burnie Bancorp is a bank holding company organized in 1990 under the laws of the State of Maryland. The Company owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the “Bank”), a commercial bank organized in 1949 under the laws of the State of Maryland, serving northern Anne Arundel County and surrounding areas from its main office and branch in Glen Burnie, Maryland and branch offices in Odenton, Riviera Beach, Crownsville, Severn (two locations), Linthicum and Severna Park, Maryland. The Bank also maintains a remote Automated Teller Machine (“ATM”) location in Pasadena, Maryland. The Bank maintains a website at www.thebankofglenburnie.com. The Bank is the oldest independent commercial bank in Anne Arundel County. The Bank is engaged in the commercial and retail banking business as authorized by the banking statutes of the State of Maryland, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Commercial lending consists of both secured and unsecured loans. The Bank also originates automobile loans through arrangements with local automobile dealers. The Bank’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”).


The Bank offers a full range of consumer and commercial loans. The Bank’s lending activities include residential and commercial real estate loans, construction loans, land acquisition and development loans, commercial loans and consumer installment lending including indirect automobile lending. Substantially all of the Bank’s loan customers are residents of Anne Arundel County and surrounding areas of Central Maryland. The Bank solicits loan applications for commercial loans from small to medium sized businesses located in its market area. The Company believes that this is a market in which a relatively small community bank, like the Bank, has a competitive advantage in personal service and flexibility. The Bank’s consumer lending currently consists primarily of indirect automobile loans originated through arrangements with local dealers.

The Company also owns all outstanding shares of capital stock of GBB Properties, Inc. (“GBB”), another Maryland corporation which was organized in 1994 and which is engaged in the business of acquiring, holding and disposing of real property, typically acquired in connection with foreclosure proceedings (or deeds in lieu of foreclosure) instituted by the Bank or acquired in connection with branch expansions by the Bank.



   Company Address: 101 Crain Highway, S.E. Glen Burnie 21061 MD
   Company Phone Number: 766-3300   Stock Exchange / Ticker: NASDAQ GLBZ
   GLBZ is expected to report next financial results on March 28, 2024.


Customers Net Income fell by GLBZ's Customers Net Profit Margin fell to

-5.8 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.82% 
CFG        3.94% 
FCNCA   -0.09%    
FITB        5.34% 
MTB        2.51% 
NTRS        4.89% 
• View Complete Report
   



Dividend

Glen Burnie Bancorp Announces 126th Consecutive Dividend to Benefit Shareholders

Published Fri, Jan 12 2024 2:22 PM UTC


Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie, recently declared a regular dividend of ten cents ($0.10) per share of common stock at their board meeting on January 11, 2024. This marks the company's 126th consecutive dividend, underscoring its commitment to providing stability for shareholders.
The announcement comes as no surpri...

Glen Burnie Bancorp

Glen Burnie Bancorp Shines with a Remarkable 1.327% Elevation in Q3 2023 Earnings Season

Investors Optimistic about Glen Burnie Bancorp's Future Performance
Glen Burnie Bancorp (NASDAQ: GLBZ) has recently reported an accelerated increase in earnings per share (EPS) and revenue, according to the fiscal period ending September 30, 2022. The company's EPS increased by an impressive 46.15% to $0.19 per share, while revenue grew by 1.327% to $3.36 million.
These positive financial results have positioned Glen Burnie Bancorp favorably within the Regional Banks sector, outperforming its peers. While its sector peers reported a top-line elevation of 1.18% in the same period, Glen Burnie Bancorp's revenue improvement in the third quarter of 2023 surpassed expectations.

Dividend

Glen Burnie Bancorp Declares 125th Consecutive Dividend, Providing Stability for Shareholders

Published Fri, Oct 13 2023 1:13 PM UTC


In a recent press release, Glen Burnie Bancorp, the parent company of The Bank of Glen Burnie, announced that its Board of Directors has declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting held on October 12, 2023. This significant decision marks the company's 125th consecutive dividend, highlighting its commitment to providing va...

Glen Burnie Bancorp

Glen Burnie Bancorp's Q2 2023 Boasts Impressive 25% EPS Growth, Accompanied by a Subtle 1.478% Revenue Rise

In the financial second quarter of 2023, Glen Burnie Bancorp reported a double-digit increase in income along with a moderate rise in revenue. Income rose by 25% to $0.10 per share, while revenue increased by 1.478% to $3.23 million compared to the corresponding quarter a year ago.
However, the company experienced a decrease in revenue of -6.898% from $3.47 million in Q1, and income faded by -33.33% from $0.15 per share. Additionally, compared to the preceding quarter, income declined by -33.33% and revenue decreased by -6.898%.

Glen Burnie Bancorp

Glen Burnie Bancorp Surprises Market with 3.96% Revenue Surge in Q1 2023 Despite Declining Earnings

Investors and market participants should take note of Glen Burnie Bancorp's recent disclosure of declining earnings per share (EPS) despite an increase in revenue. The Mar 31 2023 report revealed that the company's revenue grew by 3.96% year-over-year, moving up to $3.47 million compared to the previous year's $3.33 million. However, the income fell by -21.05% to just $0.15 per share, declining from the previous year's $0.19 per share.
The shift in focus by Glen Burnie Bancorp towards improving sales during the first quarter of 2023 resulted in a net margin easing to 12.55%. Moreover, net income of $0.435 million in the current period dipped by -21.48% from 0 in the corresponding period a year before.






 

Glen Burnie Bancorp's Segments
 
 
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