earnings
confidence high
sentiment negative
materiality 0.70
Glen Burnie Bancorp Q2 net income drops to $309K ($0.11 EPS) from $480K ($0.17) YoY
GLEN BURNIE BANCORP
2022-Q1 EPS reported
$0.08
- Net income $309K vs $480K in Q2 2021; six-month net income $540K vs $1,074K.
- Net interest margin declined to 2.61% from 2.92% as loan yields fell and interest-earning asset mix shifted.
- Book value per share dropped to $7.44 from $12.43, driven by $14.9M after-tax unrealized losses on AFS securities.
- Loan portfolio fell 16.24% YoY to $200.7M; total assets $429.4M, down 0.77%.
- Bank remains well-capitalized; Tier 1 risk-based capital 15.13% vs 13.45% a year ago.