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Glen Burnie Bancorp  (GLBZ)
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    Sector  Financial    Industry Regional Banks
 
 

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Glen Burnie Bancorp announced second quarter 2017 operating income of $0.401 millions



Glen Burnie Bancorp reported solid second quarter 2017, where Revenue grew by 5.93 % to $3 millions in comparison to $3 millions on a year-over-year basis, company posted earnings growth of 9.09 % to $0.12, as comparison at $0.11 in the prior year quarter.

Revenues advanced by 10.12 % from $3 millions in preceding period, income improved by 9.09 % from $0.11 per share.

Net income of $0 millions in the second quarter 2017 increased by 9.74 % from break-even achieved in the corresponding quarter a year ago. Glen Burnie Bancorp also emphasized it's improving profit margins, where net margin rose to 10.46% in second quarter 2017, and operating margin edged up to 12.41%.


Glen Burnie Bancorp is expected to report next financial results on November 08, 2017.
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