|
|
Article: Glen Burnie Bancorp Releases 1Q Earnings; Net Interest Margin Remains Above Peer Group.
- Article from:
- Business Wire
- Article date:
- April 27, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GLEN BURNIE, Md. -- Glen Burnie Bancorp (NASDAQ:GLBZ):
Highlights
-- 2.53% growth in assets
-- 3.38% growth in deposits
-- 6.67% increase in net interest income
-- 4.60% net interest margin
Glen Burnie Bancorp (NASDAQ:GLBZ), parent company of The Bank of Glen Burnie, today announced results for the first quarter.
The company realized net income of $688,000 (-7.15%) or $0.34 (-8.11) basic earnings per share in the quarter ended March 31, 2005 as compared to $741,000 or $0.37 basic earnings per share for the same period in 2004. Net interest income after provisions for credit losses in the first quarter grew 6.67% ...