Earnings summaries and quarterly performance for GLEN BURNIE BANCORP.
Executive leadership at GLEN BURNIE BANCORP.
Board of directors at GLEN BURNIE BANCORP.
AC
Andrew Cooch
Detailed
Director
FM
Felton Magee, Jr.
Detailed
Director
FW
Frederick W. Kuethe, III
Detailed
Director
JM
Joan M. Rumenap
Detailed
Director
JE
John E. Demyan
Detailed
Chair of the Board
JG
Joseph G. “Jay” Baldwin
Detailed
Director
JM
Julie Mussog
Detailed
Director
ML
Mary Louise Wilcox
Detailed
Director
SD
Stanford D. Hess
Detailed
Director
TC
Thomas Clocker
Detailed
Director
Research analysts covering GLEN BURNIE BANCORP.
Recent press releases and 8-K filings for GLBZ.
Glen Burnie Bancorp Reports Q4 and Full Year 2025 Results
GLBZ
Earnings
Layoffs
Delisting/Listing Issues
- Glen Burnie Bancorp reported a net loss of $95,000 (diluted EPS of $(0.03)) for the fourth quarter of 2025 and a net loss of $29,000 (diluted EPS of $(0.01)) for the full year 2025, reflecting strategic repositioning and investments that led to elevated non-recurring expenses.
- The company saw significant balance sheet growth and margin expansion in 2025, with total loans increasing 12.7% to $231.2 million and total deposits growing 7.5% to $332.4 million by December 31, 2025, while net interest margin improved to 3.14% in Q4 2025.
- Strategic initiatives included the acquisition of VA Wholesale Mortgage Incorporated, a reduction in full-time equivalent employees from 89 to 69, and a transition to the OTCQX® Best Market, which is projected to reduce annual compliance costs by approximately $200,000.
- Asset quality metrics showed non-performing loans at 0.54% of total loans at December 31, 2025, an increase from 0.18% at December 31, 2024.
3 days ago
GLEN BURNIE BANCORP Announces Voluntary Nasdaq Delisting and SEC Deregistration
GLBZ
Delisting/Listing Issues
- GLEN BURNIE BANCORP (GLBZ) announced its intention to voluntarily delist its common stock from The Nasdaq Capital Market and subsequently terminate its SEC registration to suspend reporting obligations.
- The company plans to file a Form 25 with the SEC on or about December 22, 2025, with the Nasdaq delisting expected to be effective on January 1, 2026. Trading on Nasdaq is anticipated to be suspended around December 22, 2025.
- To provide liquidity to stockholders, Bancorp has filed an application for its common stock to be quoted on the OTCQX platform.
- A Form 15 with the SEC is intended to be filed on or about January 2, 2026, which will immediately suspend the company's filing obligations under the Exchange Act.
- The decision was made due to factors including likely future non-compliance with Nasdaq listing requirements, lack of an active trading market, and the significant costs associated with public reporting.
Dec 12, 2025, 12:30 PM
Glen Burnie Bancorp Announces Third Quarter 2025 Results and VAWM Acquisition
GLBZ
Earnings
M&A
- Glen Burnie Bancorp reported net income of $125,000 and diluted earnings per share of $0.04 for the third quarter of 2025, representing a $337,000 improvement from the net loss in the second quarter of 2025. For the nine months ended September 30, 2025, net earnings were $66,000.
- The Bank of Glen Burnie completed the acquisition of VA Wholesale Mortgage Incorporated (VAWM) on August 15, 2025. VAWM generated $36,000 in pretax income from August 16 to September 30, 2025, and was the primary reason for the increase in non-interest income to $571,000 in Q3 2025.
- Total deposits reached $329.1 million at September 30, 2025, an increase of $11.8 million from June 30, 2025, while total loans grew by $2.0 million during the third quarter of 2025.
- The net interest margin on a tax equivalent basis expanded by 11 basis points to 3.24% in the third quarter of 2025 compared to the second quarter of 2025.
Nov 3, 2025, 11:04 AM
Glen Burnie Bancorp Announces Third Quarter 2025 Results
GLBZ
Earnings
M&A
New Projects/Investments
- Glen Burnie Bancorp reported net income of $125,000, or $0.04 per diluted EPS, for the third quarter of 2025, an improvement of $337,000 on a linked quarter basis from the second quarter of 2025. For the nine-month period ending September 30, 2025, net income was $66,000, or $0.02 per diluted EPS.
- The Bank completed the acquisition of VA Wholesale Mortgage Incorporated (VAWM) on August 15, 2025, which generated $36,000 in pretax income from August 16 to September 30, 2025. This acquisition is expected to provide access to new products and markets.
- Total deposits at September 30, 2025, were $329.1 million, an increase of $11.8 million from June 30, 2025. Total loans increased by $2.0 million during the third quarter of 2025, reaching $215.3 million at September 30, 2025.
- The net interest margin on a tax equivalent basis increased to 3.24% in the third quarter of 2025, up 11 basis points from the second quarter of 2025. Non-interest income for Q3 2025 was $571,000, significantly up from $220,000 in Q2 2025, primarily driven by $192,000 in mortgage fees from VAWM.
Oct 31, 2025, 8:05 PM
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