Printer Friendly

-Glen Burnie reports fiscal results.

Global Banking News-August 13, 2013--Glen Burnie reports fiscal results(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 13 August 2013

Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie, has reported a net income of USD640,000, or USD0.24 basic earnings per share, for the three-month period ended June 30, 2013.

The company reported a net income of USD656,000, or USD0.24 basic earnings per share, for the same three-month period in 2012. Net interest income after provisions for credit losses was USD3.009m for the three-month period ended June 30, 2013. The company reported net interest income after provisions for credit losses of USD3.098m for the same period in 2012.

Net income for the six months ended June 30, 2013 was USD1.169m, or USD0.43 basic earnings per share, as compared to USD1.386m or USD0.51 basic earnings per share for the same period in 2012. Net interest income after provisions for credit losses for the six months ended June 30, 2013 was USD5.922m, as compared to USD6.306m for the same period in 2012.

Glen Burnie Bancorp currently has consolidated assets worth more than USD383m.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Aug 13, 2013
Words:222
Previous Article:-UBS in USD120m settlement over Lehman notes.
Next Article:-LSB Financial reports fiscal results.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters