---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112755"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:20:39.567682+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp Q3 net income $551k ($0.19 EPS) up 47% YoY; NIM 3.21%

## Summary
- Net income $551,000 vs $375,000 in Q3 2022; EPS $0.19 vs $0.13.
- Net interest margin improved to 3.21% from 2.83% YoY; net interest income $3.0M.
- Total assets $355.4M, down 14.5% YoY; deposits $314.8M, down 16.9%.
- Book value per share $4.57 vs $5.01; nonperforming assets at 0.16% of assets.
- 125th consecutive quarterly dividend payable Nov 6, 2023; regulatory capital well above well-capitalized.

## SEC filing metadata
- accession: 0001104659-23-112755
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/0001104659-23-112755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/tm2329451d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112755
- JSON: https://secwatch.observer/filing/0001104659-23-112755.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112755.txt

## Key facts
- Earnings Releases
  GLEN BURNIE BANCORP reported first nine months 2022 results: net income $915,000, EPS $0.32.
  - Period: first nine months 2022
  - Net income: $915,000
  - EPS: $0.32
  - Result: reported results
  source text: compared to $915,000, or $0.32 per basic and diluted common share for the same period in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/0001104659-23-112755-index.htm
- Earnings Releases
  GLEN BURNIE BANCORP reported Q3 2022 results: net income $375,000, EPS $0.13.
  - Period: Q3 2022
  - Net income: $375,000
  - EPS: $0.13
  - Result: reported results
  source text: compared to net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/0001104659-23-112755-index.htm
- Earnings Releases
  GLEN BURNIE BANCORP reported first nine months 2023 results: net income $1.3 million, EPS $0.44.
  - Period: first nine months 2023
  - Net income: $1.3 million
  - EPS: $0.44
  - Result: reported results
  source text: Bancorp reported net income of $1.3 million, or $0.44 per basic and diluted common share for the nine-month period ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/0001104659-23-112755-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.