Glen Burnie Bancorp Q4 net income $830K ($0.29/sh); FY net income $1.75M, down 30% YoY

GLEN BURNIE BANCORP

2022-FY EPS reported $0.61

Q4 2022 net income $830K ($0.29/sh) vs $554K ($0.19/sh) in Q4 2021.
Full year 2022 net income $1.75M ($0.61/sh) vs $2.52M ($0.88/sh) in 2021.
Book value per share fell to $5.60 from $12.51 due to unrealized losses on AFS securities.
Net interest margin Q4 2022: 3.27% (up from 2.95% Q4 2021); full year 2022: 2.81% (down from 3.00% in 2021).
Total assets $381.4M at Dec 31, 2022, down 13.7% YoY; nonperforming assets 0.13% of total assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLEN BURNIE BANCORP reported three-month period ended December 31, 2022 results: net income net income of $830,000, EPS $0.29 per basic and diluted common share.

Period: three-month period ended December 31, 2022
Net income: net income of $830,000
EPS: $0.29 per basic and diluted common share
Result: reported results

Exact text from the filing

Glen Burnie Bancorp (“Bancorp”) (NASDA Q: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended December 31, 2022, compared to net income of $554,000, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLEN BURNIE BANCORP reported twelve-month period ended December 31, 2022 results: net income net income of $1.75 million, EPS $0.61 per basic and diluted common share.

Period: twelve-month period ended December 31, 2022
Net income: net income of $1.75 million
EPS: $0.61 per basic and diluted common share
Result: reported results

Exact text from the filing

Bancorp reported net income of $1.75 million, or $0.61 per basic and diluted common share for the twelve-month period ended December 31, 2022, compared to $2.52 million, or $0.88 per basic and diluted common share for the same period in 2021.

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Source: SEC EDGAR

accession 0001104659-23-021204

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