Glen Burnie Q3 2026 Net Income Rises 64% Year-on-Year to $205,000
Bitget2026/10/29 21:28- Glen Burnie Bancorp returned to profit in third-quarter 2026, posting net income of $205,000 versus a second-quarter loss.
- Net interest income rose 7% quarter-over-quarter to $3.2 million, while credit-loss provision fell 83% to $94,000.
- Nine-month net income dropped 74% year-over-year to $17,000.
- September-end stockholders’ equity fell 21% from June-end to $16.81 million, primarily due to increased unrealized investment-securities losses.
- Stockholders will vote December 9 on charter amendments intended to expand capital-raising flexibility; no additional share issuance is currently planned.
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