Glen Burnie Bancorp (GLBZ) investor relations material

Executive summary

• Reported a net loss of $272 thousand ($0.09 per diluted share) for Q2 2026, compared to net income of $84 thousand in Q1 2026 and a net loss of $212 thousand in Q2 2025.

• Six-month net loss was $188 thousand, up from a $59 thousand loss in the same period last year.

• Strong loan growth, stable net interest margin, and increased mortgage banking revenue were offset by higher provision expenses and compensation costs.

• Investments in commercial lending and Annapolis expansion contributed to higher expenses.

Financial highlights

• Net interest income was $3.0 million for Q2 2026, up from $2.7 million in Q2 2025.

• Net interest margin was 3.11% in Q2 2026, compared to 3.26% in Q1 2026 and 3.05% in Q2 2025.

• Provision for credit losses rose to $569 thousand in Q2 2026, reflecting loan growth.

• Noninterest income increased $169 thousand to $584 thousand sequentially, mainly from mortgage commissions.

• Noninterest expense rose $187 thousand to $3.4 million, driven by compensation and mortgage commissions.

Outlook and guidance

• Management remains focused on converting balance-sheet growth into sustainable earnings and improving operating leverage.

• Continued emphasis on disciplined funding, expense, and capital management.

• Ongoing evaluation of capital alternatives to support prudent growth and shareholder returns.