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Glen Burnie Bancorp  (GLBZ)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Glen Burnie Bancorp

GLBZ's Financial Statements and Analysis



Glen Burnie Bancorp reported in the third quarter of 2023 net earnings per share of $0.19 an increase by 46.15 % year on year from $0.13 and an improvement of 90 % from $0.10 realized in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.19 $  3 Mill
$+0.06     +46.15 % Unch.     +1.33 %



Glen Burnie Bancorp's Revenue rose by 1.33 % in third quarter of 2023 (Sep 30 2023) year on year, to $3 million and advanced by 4.12 % sequentially.


Glen Burnie Bancorp is Expected to report next financial results on March 28, 2024.

More on GLBZ's Income Statement



Glen Burnie Bancorp's net income of $0.551 million in the third quarter of 2023 increased by 46.93 % from net earnings of $0.375 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 99.64 % from net income of $0.276 million realized in previous quarter.

More on GLBZ's Growth

Glen Burnie Bancorp Inventories
GLBZ's Cash flow In the third quarter of 2023 company's net cash flow was $3 million


Glen Burnie Bancorp payed out dividend of $0.40 per share in last 52 weeks representing 54.79 % of net earning per share in trailing twelve-month period.

During the same period Glen Burnie Bancorp earned $ 0.71 cash per share, on a free-cash flow basis 97.78 % of net earning per share.

Book value fell by -27.43 % sequentially to $4.54 per share.
Tangible Book value fell to $ 4.54 per share from $ 6.25.

Company issued 0.14 million shares or 5.07 % in Sep 30 2023.
Interest Coverage Ratio was 4.02. Debt Coverage Ratio was 0.31.

More on GLBZ's Dividends

 Market Capitalization (Millions) 17
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 25
 Revenue (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -40
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.4 $
 Dividend Yield TTM (%) 6.94 %
 Employees (TTM) $ 93




Glen Burnie Bancorp payed out dividend of $0.40 per share in the last 52 weeks representing 54.79 % of net earning per share in trailing twelve-month period.

During the same period Glen Burnie Bancorp had $ 0.71 cash flow per share, on a free-cash flow basis 97.78 % of net earning per share.

Book value fell by -27.43 % sequentially to $4.54 per share.
Tangible Book value fell to $ 4.54 per share from $ 6.25.

Company issued 0.14 million shares or 5.07 % in Sep 30 2023.
Interest Coverage Ratio was 4.02. Debt Coverage Ratio was 0.31.

More on GLBZ's Balance Sheets

 Market Capitalization (Millions) 17
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 25
 Revenue (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -40
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.4 $
 Dividend Yield TTM (%) 6.94 %
 Employees (TTM) $ 93
   


  News about Glen Burnie Bancorp Earnings

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

Investors Optimistic ab...

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...

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.

Date modified: 2023-11-13T23:33:52+00:00





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