---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-024781"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:34:16.585396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-24-024781
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465924024781/0001104659-24-024781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465924024781/tm246430d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-024781
- JSON: https://secwatch.observer/filing/0001104659-24-024781.json
- Plain text: https://secwatch.observer/filing/0001104659-24-024781.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465924024781/0001104659-24-024781-index.htm

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