earnings
confidence high
sentiment positive
materiality 0.50
Glen Burnie Bancorp reports Q3 2025 net income $125k; completes VAWM acquisition
GLEN BURNIE BANCORP
2025-Q3 EPS reported
$0.02
- Net income of $125k ($0.04 EPS) vs $129k in Q3 2024; improved from $(212)k loss in Q2 2025.
- Net interest margin (tax eq) expanded to 3.24%, up 11 bps linked quarter and 10 bps YoY.
- Total loans $215.3M (+$2.0M QoQ); total deposits $329.1M (+$11.8M QoQ); paid off all FHLB advances.
- Completed acquisition of VA Wholesale Mortgage on Aug 15 for $750k note plus earn-out; contributed $192k in mortgage fees in stub period.
- Non-performing loans ratio 0.56%; allowance to loans 1.19%; all regulatory capital ratios exceed well-capitalized minimums.
item 2.02item 9.01