Glen Burnie Q3 2026 net income rises 64% year-on-year to $205,000
GLBZ•Glen Burnie Bancorp reported third-quarter 2026 net income of $205,000, compared with a second-quarter loss. Nine-month net income fell 74% year-over-year to $17,000.
1. Quarterly results
Glen Burnie Bancorp returned to profit in the third quarter of 2026, posting net income of $205,000 versus a loss in the second quarter. Net interest income rose 7% quarter-over-quarter to $3.2 million, while the provision for credit losses fell 83% to $94,000.
2. Capital and vote
For the first nine months of 2026, net income dropped 74% year-over-year to $17,000. Stockholders’ equity fell 21% from June-end to $16.81 million at the end of September, primarily due to increased unrealized investment-securities losses. Stockholders will vote December 9 on charter amendments intended to expand capital-raising flexibility; the company said no additional share issuance is currently planned.
