GLEN BURNIE BANCORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GLEN BURNIE BANCORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue			0.07	0.08
Selling and marketing		0.08	0.16	0.1	0.11	0.09	0.09	0.09	0.1	0.12
Interest expense	2.39	2.12	1.94	2.1	1.93	1.52	1.07	0.85	1.2
Pre-tax income	1.6	1.02	1.82	1.71	2.05	2.16	3.09	1.99	1.5	-0.64
Income tax	0.24	-0.08	0.91	0.13	0.45	0.49	0.58	0.24	0.07	-0.53
Net income	1.35	1.1	0.91	1.58	1.6	1.67	2.52	1.75	1.43	-0.11
EPS, basic	0.54	0.44	0.33	0.56	0.57	0.59	0.88	0.61	0.50	-0.04
EPS, diluted	0.54	0.44	0.33	0.56	0.57	0.59	0.88	0.61	0.50	-0.04
Shares, basic (weighted)	2.52	2.53	2.79	2.81	2.82	2.84	2.85	2.86	2.87	2.89
Shares, diluted (weighted)	2.52	2.53	2.79	2.81	2.82	2.84	2.85	2.86	2.87	2.89
Dividend per share	0.30	0.44	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.20

Balance sheet

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	12.4	10.6	12.6	16	13.3	37.1	62.2	30.1	15.2	24.5
Property, plant and equipment	3.37	3.64	3.37	3.11	3.76	3.85	3.56	3.28	3.05	2.68
Lease right-of-use assets					0.75	0.62	0.48	0.37	0.21	0.05
Total assets	391	388	389	413	385	419	442	381	352	359
Short-term debt		10	20	55	25	29.9	10		30	30
Total liabilities	356	355	355	379	349	382	406	365	332	341
Total debt	20	10	0	0	0	0	10
Paid-in capital	9.99	10.1	10.3	10.4	10.5	10.6	10.8	10.9	11	11
Retained earnings	21.7	21.7	21.6	22.1	22.5	23.1	23	23.6	23.9	22.9
Other comprehensive income	-0.3	-0.81	-0.63	-1.23	-0.21	0.54	-0.87	-21.3	-18.4	-19
Shareholders' equity	34.2	33.8	34	34.1	35.7	37.1	35.7	16.1	19.3	17.8
Total equity	34.2	33.8	34	34.1	35.7	37.1	35.7	16.1	19.3	17.8
Total liabilities and equity	391	388	389	413	385	419	442	381	352	359
Shares outstanding	2.52	2.53	2.8	2.81	2.83	2.84	2.85	2.87	2.88	2.9

Cash flow statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	1.35	1.1	0.91	1.58	1.6	1.67	2.52	1.75	1.43	-0.11
Depreciation and amortization	1.14	1.19	0.93	1.07	0.93	0.06	1	0.99	0.23	0.24
Deferred income tax	0.63	-0.15	0.44	1.26	0.33	0.25	0.28	-0.21	-0.08	-0.42
Cash from operations	2.14	2.59	3.67	4.14	2.99	1.6	3.66	2.23	1.4	0.03
Capital expenditures	-0.09	-0.33	-0.21	-0.21	-0.34	-0.57	-0.29	-0.26	-0.15	-0.08
Purchases of investments			-13.8	-5.44	-21	-66.9	-103	-31.5	-9.75
Sales and maturities of investments	15.1	18	0.96	0	21.4	0	57.4	14.2	18.5	30.5
Cash from investing	1.52	-1.43	-1.71	-23	26.3	-9.89	-1.28	7.01	17.7	0.85
Debt issued							10
Debt repaid			-20					-10
Dividends paid	-1.02	-1.11	-1.12	-1.12	-1.13	-1.13	-1.14	-1.14	-1.15	-0.87
Cash from financing	-4.56	-2.91	0.03	22.2	-32	32.1	22.7	-41.3	-33.9	8.35
Net change in cash	-0.91	-1.75	1.98	3.35	-2.66	23.8	25.1	-32.1	-14.9	9.22
Free cash flow	2.05	2.26	3.47	3.93	2.66	1.03	3.37	1.97	1.25	-0.05
Interest paid	2.39	2.13	1.87	2.05	1.98	1.6	1.08	0.86	1.13	4.2
Income taxes paid	0.63		0.15	0.85	0.16		0.48		0.44

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $4.27 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	0.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.0%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-107.8%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-108.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-98.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-80.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-60.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-104.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y	-50.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-20.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-12.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-7.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-20.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-13.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-6.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	94.1%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$20.4M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.00	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	-$0.67	Cash from operations / diluted weighted shares.
Book value per share	$7.10	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.99	Tangible book value / shares outstanding.
Cash per share	$4.19	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$12.5M	Share price x shares outstanding.
Enterprise value	$240.1K	Market cap + total debt - cash - short-term investments.
P/E	475x	Market cap / net income. Only when net income is positive.
P/B	0.60x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.61x	Market cap / tangible book value, when positive.
Earnings yield	0.2%	Net income / market cap (the inverse of P/E).

Was GLEN BURNIE BANCORP profitable in fiscal 2024?

No. It reported a net loss of $111.6K.

How much free cash flow did GLEN BURNIE BANCORP generate in fiscal 2024?

Cash from operations of $28.0K minus capital expenditures of $81.0K left free cash flow of -$53.0K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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