Glen Burnie Bancorp Q4 EPS falls to $0.06 from $0.29; FY EPS $0.50 vs $0.61

GLEN BURNIE BANCORP

2023-FY EPS reported $0.50

Net income for Q4 2023 was $167,000 ($0.06/share), down from $830,000 ($0.29) in Q4 2022.
Full-year net income $1.43M ($0.50/share) compared to $1.75M ($0.61) in 2022.
Total assets decreased 7.77% to $351.8M; deposits fell 17.32% to $300.1M.
Net interest margin for Q4 narrowed to 3.17% from 3.27% YoY; quarterly cost of funds rose to 0.64% from 0.13%.
Book value per share improved to $6.70 from $5.60; bank remained well-capitalized with tier 1 risk-based capital 17.37%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GLEN BURNIE BANCORP reported the three-month period ended December 31, 2023 results: net income net income of $167,000, or $0.06 per basic and diluted common share.

Period: the three-month period ended December 31, 2023
Net income: net income of $167,000, or $0.06 per basic and diluted common share
Result: reported results

Exact text from the filing

announced today net income of $167,000, or $0.06 per basic and diluted common share for the three-month period ended December 31, 2023

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Source: SEC EDGAR

accession 0001104659-24-024781

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