Glen Burnie Bancorp posts near-zero Q1 net income of $3,000; EPS $0.00

GLEN BURNIE BANCORP

2025-Q1 EPS reported $0.00

Net income $3,000 vs $0.44M in Q1 2023; diluted EPS $0.00 vs $0.15.
Net interest income fell 19% to $2.6M; net interest margin narrowed 55bp to 2.86%.
Deposit costs rose $295K and short-term borrowing costs rose $431K versus last year.
Total deposits grew 3% to $309.2M; borrowings up 33% to $40M; book value $6.28.
Nonperforming assets remain low at 0.10% of total assets; 127th consecutive quarterly dividend announced (amount undisclosed).

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 0.9

GLEN BURNIE BANCORP reported first quarter ended March 31, 2024 results: net income $3,000, EPS $0 per basic and diluted common share.

Period: first quarter ended March 31, 2024
Net income: $3,000
EPS: $0 per basic and diluted common share
Result: reported results

Exact text from the filing

Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-052542

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