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1. Company Snapshot

1.a. Company Description

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations.The company accepts various deposits, including savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, and IRA and SEP accounts, as well as certificates of deposit.It also provides residential and commercial real estate, construction, land acquisition and development, and secured and unsecured commercial loans, as well as consumer installment lending, such as indirect automobile lending services; and residential first and second mortgage loans, home equity lines of credit, and commercial mortgage loans.


In addition, the company offers ancillary products and services comprising safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, and automated teller machine (ATM) services, as well as electronic banking services that include telephone banking, online banking, bill pay, card control, mobile app, merchant source capture, mobile deposit capture, Zelle, etc.Further, it provides treasury services, including wire transfer and ACH services, and debit cards.Additionally, the company engages in the business of acquiring, holding, and disposing of real property.


It serves customers in northern Anne Arundel county and surrounding areas from its main office and branch in Glen Burnie, Maryland; and branch offices in Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland.The company also has a remote ATM located in Pasadena, Maryland.Glen Burnie Bancorp was founded in 1949 and is based in Glen Burnie, Maryland.

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1.b. Last Insights on GLBZ

Glen Burnie Bancorp's recent performance was hindered by a decline in net income, plummeting from $3,000 in Q1 2024 to $153,000 in Q1 2025. This downturn can be attributed to a lackluster quarter, with earnings per share remaining stagnant at $0.05. The bank's total assets, which stood at $358.0 million as of March 31, 2025, failed to yield substantial growth. Furthermore, the company's inability to capitalize on opportunities and adapt to changing market conditions has resulted in a disappointing performance.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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The Bank of Glen Burnie Names Todd Capitani to its Leadership Team as Chief Financial Officer

Dec -03

Source: globenewswire.com

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Glen Burnie Bancorp Announces Third Quarter 2025 Results

Oct -31

Source: globenewswire.com

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The Bank of Glen Burnie Expands Mortgage Services Through Acquisition of VA Wholesale Mortgage, Inc.

Aug -18

Source: globenewswire.com

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Glen Burnie (GLBZ) Posts Q2 Net Loss

Jul -30

Source: fool.com

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Glen Burnie Bancorp Announces Second Quarter 2025 Results

Jul -29

Source: globenewswire.com

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Glen Burnie Bancorp Announces First Quarter 2025 Results

May -07

Source: globenewswire.com

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Building a Team for Growth: The Bank of Glen Burnie Promotes Jonathan Shearin to Chief Lending Officer and Names Jeff Welch Executive Vice President and Chief Credit Officer

Apr -09

Source: globenewswire.com

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Glen Burnie Bancorp Announces Fourth Quarter and Full Year 2024 Results

Feb -06

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Banking and Related Activities

Expected Growth: 4.5%

Growth driven by increasing demand for traditional banking services, expansion of digital banking channels, and a strong loan portfolio. Additionally, strategic partnerships and investments in fintech will further boost growth in the Banking and Related Activities segment.

7. Detailed Products

Personal Banking

Glen Burnie Bancorp offers a range of personal banking services, including checking and savings accounts, credit cards, and personal loans, designed to meet the financial needs of individuals and families.

Business Banking

Glen Burnie Bancorp provides business banking services, including commercial loans, lines of credit, and cash management solutions, tailored to support the growth and success of local businesses.

Mortgage Lending

Glen Burnie Bancorp offers a variety of mortgage loan options, including fixed-rate and adjustable-rate mortgages, to help individuals and families achieve homeownership.

Investment Services

Glen Burnie Bancorp provides investment services, including brokerage accounts, retirement accounts, and wealth management solutions, to help individuals and families achieve their long-term financial goals.

Online Banking

Glen Burnie Bancorp offers online banking services, allowing customers to manage their accounts, pay bills, and transfer funds from the convenience of their own homes.

Mobile Banking

Glen Burnie Bancorp provides mobile banking services, enabling customers to access their accounts, deposit checks, and transfer funds using their mobile devices.

8. Glen Burnie Bancorp's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Glen Burnie Bancorp is moderate, as customers have alternative banking options available.

Bargaining Power Of Customers

The bargaining power of customers is low, as Glen Burnie Bancorp has a strong customer base and provides personalized services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Glen Burnie Bancorp relies on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high, as the banking industry is highly competitive and new entrants can easily disrupt the market.

Intensity Of Rivalry

The intensity of rivalry is high, as Glen Burnie Bancorp operates in a highly competitive market with many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 60.97%
Debt Cost 4.18%
Equity Weight 39.03%
Equity Cost 7.20%
WACC 5.36%
Leverage 156.24%

11. Quality Control: Glen Burnie Bancorp passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Riverview Bancorp

A-Score: 5.5/10

Value: 5.9

Growth: 3.6

Quality: 3.8

Yield: 5.0

Momentum: 7.5

Volatility: 7.3

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Farmers & Merchants Bancorp

A-Score: 5.4/10

Value: 4.9

Growth: 5.2

Quality: 7.0

Yield: 7.0

Momentum: 3.5

Volatility: 5.0

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IF Bancorp

A-Score: 5.4/10

Value: 4.1

Growth: 2.3

Quality: 4.7

Yield: 4.0

Momentum: 8.5

Volatility: 8.7

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Texas Community Bancshares

A-Score: 5.2/10

Value: 3.7

Growth: 4.6

Quality: 4.5

Yield: 1.0

Momentum: 8.0

Volatility: 9.3

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Amerant Bancorp

A-Score: 4.7/10

Value: 6.9

Growth: 4.3

Quality: 4.4

Yield: 3.0

Momentum: 4.0

Volatility: 5.7

1-Year Total Return ->

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Glen Burnie

A-Score: 3.1/10

Value: 5.2

Growth: 1.6

Quality: 3.6

Yield: 4.0

Momentum: 1.5

Volatility: 3.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.21$

Current Price

4.21$

Potential

-0.00%

Expected Cash-Flows