GLBZ
Glen Burnie Bancorp4.4200
+0.1100+2.55%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
12.91MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0.05%Recent Filings
8-K
Delists from Nasdaq, eyes OTC
Glen Burnie Bancorp announced on December 12, 2025, plans to voluntarily delist its common stock from Nasdaq, with trading suspension around December 22 and effectiveness January 1, 2026, followed by SEC deregistration via Form 15 around January 2. The board cited Nasdaq non-compliance risks, thin trading, and hefty reporting costs as drivers, aiming to shift resources to business growth on OTCQX. No active market is assured.
8-K
CFO appointment detailed
Glen Burnie Bancorp appointed Todd Capitani, ex-CFO of Shore Bancshares, as Treasurer and CFO effective November 17, 2025. He gets $270,000 base salary, $35,000 equity vesting over four years, and incentive eligibility targeting 20% of base. New finance lead brings deep banking audit experience. Clawback applies if he leaves within 12 months.
10-Q
Q3 FY2025 results
Glen Burnie Bancorp posted Q3 net income of $125K ($0.04/share), flat y/y but after a $66K nine-month profit versus prior-year loss, fueled by steady $2.8M net interest income (flat y/y) amid loan growth to $215M (+5% q/q derived) and a $498K nine-month credit loss release. Noninterest income jumped on $192K mortgage commissions from the August 2025 VAWM acquisition (closed for $750K forgivable note plus contingent earn-out, recognizing $317K goodwill), yet expenses rose on salaries and professional fees. Deposits hit $329M (+6% q/q), cash at $12M with borrowings cleared; equity climbed 16% to $21M on securities gains. Loans ticked up, but nonaccruals rose to 0.56% of average. Competition presses local deposit shares.
8-K
Q3 profit, VAWM buy lifts fees
Glen Burnie Bancorp posted Q3 net income of $125,000, up $337,000 from Q2's loss, with net interest margin expanding to 3.24%. Deposits hit $329.1M, up $11.8M linked-quarter; loans grew to $215.3M. Bank closed VAWM acquisition August 15 for $750,000 note plus $298,000 estimated earn-out—VAWM added $36,000 pretax income, boosting noninterest income via mortgage fees. Acquisition eyes new markets, yet hinges on integration.
8-K
Longtime director resigns
IPO
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