Exhibit 99.1

 

 

 

Press Release For Immediate Release
  Date: July 30, 2019

 

 

 

GLEN BURNIE BANCORP ANNOUNCES

SECOND QUARTER 2019 RESULTS

 

GLEN BURNIE, MD (July 30, 2019) Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $319,000, or $0.11 pser basic and diluted common share for the three-month period ended June 30, 2019, as compared to net income of $478,000, or $0.17 per basic and diluted common share for the three-month period ended June 30, 2018.

 

Bancorp reported net income of $454,000, or $0.16 per basic and diluted common share for the six-month period ended June 30, 2019, compared to $733,000, or $0.26 per basic and diluted common share for the same period in 2018. At June 30, 2019, Bancorp had total assets of $377.6 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 108th consecutive quarterly dividend on August 2, 2019.

  

“The core fundamentals of our Company remain strong as reflected in our financial results for the period. We continue building on our momentum by seizing available opportunities despite a competitive and challenging economic environment. Although the interest rate environment has been challenging in recent months, we have managed our balance sheet to provide a stable margin. Net interest income in the second quarter of 2019 grew by $71,000 or 2.3%, as compared to the second quarter of 2018. The yield on our loan portfolio increased 0.09% from 4.22% to 4.31%, and funding costs decreased by $40,000 or 8.2%, from $490,000 to $450,000,” stated John D. Long, President and CEO. “We continue to invest in technology and infrastructure improvements that enable us to remain competitive in the rapidly changing technological environment. Our strong fundamental performance was somewhat offset by the cost of these investments. However, we maintained our relentless focus on expense reduction in other areas as we work to drive efficiencies through the Bank and improve our profitability while delivering the outstanding customer service that differentiates our Bank in our local markets.”

 

“Looking forward, we continue to seek opportunities to further reduce our cost structure as we work to achieve an efficiency ratio more in-line with our peers. In addition, a favorable credit environment combined with our outstanding credit quality, disciplined loan pricing and a beneficial balance sheet structure, allowed us to reduce the provision for loan losses by $151,000 or 42.5%, for the six-month period ended June 30, 2019 as compared to the same period last year. Headquartered in the dynamic Northern Anne Arundel County market, we believe our Bank is well positioned with excellent asset quality and capital levels, a stable net interest margin, and an experienced and seasoned executive team. We remain deeply committed to serving the financial needs of the community through the development of new loan and deposit products.”

 

 

 

 

Highlights for the First Six Months of 2019

 

Bancorp continued to focus on organic growth opportunities in the first six months of 2019, as average loan balances increased $20.0 million or 7.21%, from the same period in 2018, although loan originations have been at a slower pace for most of 2019. Bancorp has strong liquidity and capital positions that provide ample capacity for future growth, along with the Bank’s total regulatory capital to risk weighted assets of 12.91% at June 30, 2019, as compared to 12.78% for the same period of 2018.

 

Return on average assets for the three-month period ended June 30, 2019 was 0.34%, as compared to 0.49% for the three-month period ended June 30, 2018. Return on average equity for the three-month period ended June 30, 2019 was 3.70%, as compared to 5.78% for the three-month period ended June 30, 2018. Lower gains on redemption of bank-owned life insurance policies (“BOLI”) and higher income tax expense primarily drove the lower returns.

 

The book value per share of Bancorp’s common stock was $12.37 at June 30, 2019, as compared to $11.95 per share at June 30, 2018.

 

At June 30, 2019, the Bank remained above all “well-capitalized” regulatory requirement levels. The Bank’s tier 1 risk-based capital ratio was approximately 12.05% at June 30, 2019, as compared to 11.94% at June 30, 2018. Liquidity remained strong due to managed cash and cash equivalents, borrowing lines with the FHLB of Atlanta, the Federal Reserve and correspondent banks, and the size and composition of the bond portfolio.

 

Balance Sheet Review

 

Total assets were $377.6 million at June 30, 2019, a decrease of $23.9 million or 5.95%, from $401.5 million at June 30, 2018. Investment securities were $61.2 million at June 30, 2019, a decrease of $26.1 million or 29.9%, from $87.3 million at June 30, 2018. Proceeds from the Bank’s sale of investment securities in 2019 were used to offset the decrease in deposits (see below) and fund the Bank’s increase in loan originations during 2018. Loans, net of deferred fees and costs, were $291.2 million at June 30, 2019, an increase of $1.8 million or 0.62%, from $289.4 million at June 30, 2018. Real estate acquired through foreclosure was $0.7 million at June 30, 2019, an increase of $0.6 million from June 30, 2018 primarily due to the foreclosure of a single loan. Net deferred tax assets decreased $1.7 million and accrued taxes receivable increased $1.2 million from June 30, 2018 to June 30, 2019 primarily due to the elimination of the alternative minimum tax under the Tax Act. Other assets decreased $1.9 million due to the $1.3 million collection of an insurance receivable and decrease of $0.9 million in the fair value of swap derivative positions.

 

Total deposits were $320.2 million at June 30, 2019, a decrease of $21.6 million or 6.32%, from $341.8 million at June 30, 2018. Interest-bearing deposits were $213.0 million at June 30, 2019, a decrease of $20.4 million or 8.74%, from $233.4 million at June 30, 2018. Total borrowings were $20.0 million at June 30, 2019, a decrease of $5.0 million or 20.0%, from $25.0 million at June 30, 2018.

 

Stockholders’ equity was $34.9 million at June 30, 2019, an increase of $1.4 million or 4.18%, from $33.5 million at June 30, 2018. The decrease in accumulated other comprehensive loss associated with net unrealized losses on the available for sale bond portfolio and increase in retained earnings and stock issuances under the dividend reinvestment program, offset by a decrease in unrealized gains on interest rate swap contracts drove the overall increase in stockholders’ equity.

 

Nonperforming assets, which consist of nonaccrual loans, troubled debt restructurings, accruing loans past due 90 days or more, and other real estate owned (“OREO”), represented 1.45% of total assets at June 30, 2019, as compared to 1.05% for the same period of 2018. The increases in nonaccrual loans and OREO drove the 0.40% increase in nonperforming assets as percentage of total assets from June 30, 2018 to 2019.

 

 

 

 

Review of Financial Results

 

For the three-month periods ended June 30, 2019 and 2018

 

Net income for the three-month period ended June 30, 2019 was $319,000, as compared to $478,000 for the three-month period ended June 30, 2018.

 

Net interest income for the three-month period ended June 30, 2019 totaled $3.12 million, as compared to $3.05 million for the three-month period ended June 30, 2018. Average loan balances increased $14.3 million or 5.09% to $295.4 million for the three-month period ended June 30, 2019, as compared to $281.1 million for the same period of 2018.

 

Net interest margin for the three-month period ended June 30, 2019 was 3.41%, as compared to 3.21% for the same period of 2018. Lower average balances and higher average yields on interest-earning assets combined with lower average interest-bearing balances and cost of funds were the primary drivers of year-over-year results. The average balance on interest-earning assets decreased $14.4 million while the yield increased 0.18% from 3.73% to 3.91%, when comparing the three-month periods ending June 30, 2018 and 2019. The average balance on interest-bearing funds decreased $15.6 million and the cost of funds decreased 0.02%, when comparing the three-month periods ending June 30, 2018 and 2019.

 

The provision for loan losses for the three-month period ended June 30, 2019 was $30,000, as compared to a negative provision of $5,000 for the same period of 2018. The increase was driven by the difference between $468,000 of lower required reserves and $433,000 of lower net charge offs. As a result, the allowance for loan losses was $2.46 million at June 30, 2019, representing 0.84% of total loans, as compared to $2.28 million, or 0.79% of total loans at June 30, 2018 and is consistent with our improved credit quality.

 

Noninterest income for the three-month period ended June 30, 2019 was $282,000, as compared to $386,000 for the three-month period ended June 30, 2018, a decrease of $104,000 or 26.94%. $101,000 lower gains on the redemption of BOLI policies primarily drove the decrease.

 

For the three-month period ended June 30, 2019, noninterest expense was $2.99 million, as compared to $3.01 million for the three-month period ended June 30, 2018, a decrease of $21,000 or 0.70%. The primary contributors to the $21,000 decrease, when compared to the three-month period ended June 30, 2018 were decreases in data processing and item processing services and loan collection costs, offset by increases in salary and employee benefits costs, legal, accounting and other professional fees and occupancy and equipment expenses including investments in technology and infrastructure improvements.

 

For the six-month periods ended June 30, 2019 and 2018

 

Net income for the six-month period ended June 30, 2019 was $454,000, as compared to net income of $733,000 for the six-month period ended June 30, 2018.

 

Net interest income for the six-month period ended June 30, 2019 totaled $6.26 million, as compared to $6.05 million for the six-month period ended June 30, 2018. Average loan balances increased $20.0 million or 7.21%, to $297.5 million for the six-month period ended June 30, 2019, as compared to $277.5 million for the same period of 2018.

 

Net interest margin for the six-month period ended June 30, 2019 was 3.36%, as compared to 3.22% for the same period of 2018. Higher yields on interest-earning assets offset by higher cost of funds were the primary drivers of year-over-year results, as the yield on interest-earning assets increased 0.18% from 3.72% to 3.90% and the cost of funds increased 0.05% from 0.53% to 0.58% for the six-month periods ending June 30, 2018 and 2019, respectively.

 

 

 

 

The provision for loan losses for the six-month period ended June 30, 2019 was $204,000, as compared to $355,000 for the same period of 2018. The decrease for the six-month period ended June 30, 2019 as compared to the same period in 2018 primarily reflects lower net charge offs. As a result, the allowance for loan losses was $2.46 million at June 30, 2019, representing 0.84% of total loans, as compared to $2.28 million, or 0.79% of total loans for the same period of 2018.

 

Noninterest income for the six-month period ended June 30, 2019 was $564,000, as compared to $872,000 for the six-month period ended June 30, 2018. The results for the first six-month of 2018 include gains on redemptions of BOLI policies of $308,000.

  

For the six-month period ended June 30, 2019, noninterest expense was $6.07 million, as compared to $5.85 million for the six-month period ended June 30, 2018. The primary contributors to the $221,000 increase, when compared to the six-month period ended June 30, 2018 were increases in salary and employee benefits, occupancy and equipment expenses, legal, accounting and other professional fees, litigation settlement costs, and bank robbery and fraud losses, partially offset by decreases in data processing and item processing services and loan collection costs including investments in technology and infrastructure improvements.

 

 

 

 

  

# # #

 

Glen Burnie Bancorp Information

 

Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland. Founded in 1949, The Bank of Glen Burnie® is a locally-owned community bank with 8 branch offices serving Anne Arundel County. The Bank is engaged in the commercial and retail banking business including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Bank also originates automobile loans through arrangements with local automobile dealers. Additional information is available at www.thebankofglenburnie.com.

 

Forward-Looking Statements

 

The statements contained herein that are not historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.

 

For further information contact:

 

Jeffrey D. Harris, Chief Financial Officer

410-768-8883

jdharris@bogb.net

106 Padfield Blvd

Glen Burnie, MD 21061

 

 

 

 

 

 

 

 

 

 

GLEN BURNIE BANCORP AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(dollars in thousands)

 

   June 30,   March 31,   December 31,   June 30, 
   2019   2019   2018   2018 
   (unaudited)   (unaudited)   (audited)   (unaudited) 
ASSETS                    
Cash and due from banks  $2,373   $2,341   $2,605   $2,584 
Interest bearing deposits with banks and federal funds sold   7,565    14,194    13,349    5,498 
   Cash and Cash Equivalents   9,938    16,535    15,954    8,082 
                     
Investment securities available for sale, at fair value   61,213    61,420    81,572    87,314 
Restricted equity securities, at cost   1,227    1,439    2,481    1,443 
                     
Loans, net of deferred fees and costs   291,237    299,417    299,120    289,408 
  Less:  Allowance for loan losses   (2,459)   (2,605)   (2,541)   (2,284)
   Loans, net   288,778    296,812    296,579    287,124 
                     
Real estate acquired through foreclosure   705    705    705    114 
Premises and equipment, net   3,840    3,901    3,106    3,195 
Bank owned life insurance   7,940    7,900    7,860    7,780 
Deferred tax assets, net   1,059    1,197    1,392    2,713 
Accrued interest receivable   992    1,110    1,198    1,142 
Accrued taxes receivable   1,194    1,221    1,177    - 
Prepaid expenses   491    515    466    471 
Other assets   236    304    556    2,093 
    Total Assets  $377,613   $393,059   $413,046   $401,471 
                     
LIABILITIES                    
Noninterest-bearing deposits  $107,132   $107,249   $101,369   $108,414 
Interest-bearing deposits   213,046    224,364    221,084    233,393 
   Total Deposits   320,178    331,613    322,453    341,807 
                     
Short-term borrowings   20,000    25,000    55,000    25,000 
Defined pension liability   304    298    285    317 
Accrued Taxes Payable   -    -    -    28 
Accrued expenses and other liabilities   2,241    1,693    1,257    775 
   Total Liabilities   342,723    358,604    378,995    367,927 
                     
STOCKHOLDERS' EQUITY                    
Common stock, par value $1, authorized 15,000,000 shares,  issued and outstanding 2,821,230, 2,817,821, 2,814,157, and 2,807,819 shares as of June 30, 2019, March 31, 2019, December 31, 2018, and June 30, 2018, respectively.   2,821    2,818    2,814    2,808 
Additional paid-in capital   10,464    10,433    10,401    10,335 
Retained earnings   21,957    21,919    22,066    21,778 
Accumulated other comprehensive loss   (352)   (715)   (1,230)   (1,377)
   Total Stockholders' Equity   34,890    34,455    34,051    33,544 
   Total Liabilities and Stockholders' Equity  $377,613   $393,059   $413,046   $401,471 

 

 

 

  

GLEN BURNIE BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except per share amounts)

(unaudited)

 

   Three Months Ended
 June 30,
   Six Months Ended
June 30,
 
   2019   2018   2019   2018 
Interest income                    
Interest and fees on loans  $3,176   $2,958   $6,366   $5,830 
Interest and dividends on securities   336    535    736    1,059 
Interest on deposits with banks and federal funds sold   62    50    182    98 
   Total Interest Income   3,574    3,543    7,284    6,987 
                     
Interest expense                    
Interest on deposits   333    325    665    634 
Interest on short-term borrowings   117    165    355    308 
   Total Interest Expense   450    490    1,020    942 
                     
   Net Interest Income   3,124    3,053    6,264    6,045 
Provision for loan losses   30    (5)   204    355 
   Net interest income after provision for loan losses   3,094    3,058    6,060    5,690 
                     
Noninterest income                    
Service charges on deposit accounts   64    61    124    128 
Other fees and commissions   177    179    356    347 
Gains on redemption of BOLI policies   -    101    -    308 
Gain on securities sold   -    -    3    - 
Income on life insurance   41    45    81    89 
   Total Noninterest Income   282    386    564    872 
                     
Noninterest expenses                    
Salary and employee benefits   1,685    1,649    3,455    3,371 
Occupancy and equipment expenses   386    316    700    615 
Legal, accounting and other professional fees   304    281    535    510 
Data processing and item processing services   44    103    219    241 
FDIC insurance costs   60    65    116    122 
Advertising and marketing related expenses   25    32    52    49 
Loan collection costs   26    80    40    121 
Telephone costs   55    67    121    124 
Other expenses   405    418    829    693 
   Total Noninterest Expenses   2,990    3,011    6,067    5,846 
                     
Income before income taxes   386    433    557    716 
Income tax expense (benefit)   67    (45)   103    (17)
                     
   Net income  $319   $478   $454   $733 
                     
Basic and diluted net income
   per share of common stock
  $0.11   $0.17   $0.16   $0.26 

 

 

 

 

GLEN BURNIE BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

For the six months ended June 30, 2019 and 2018 (unaudited)

(dollars in thousands)

 

               Accumulated     
       Additional       Other   Total 
   Common   Paid-in   Retained   Comprehensive   Stockholders' 
   Stock   Capital   Earnings   (Loss)   Equity 
Balance, December 31, 2017  $2,801   $10,267   $21,605   $(631)  $34,042 
                          
Net income   -    -    733    -    733 
Cash dividends, $0.20 per share   -    -    (560)   -    (560)
Dividends reinvested under                         
   dividend reinvestment plan   7    68    -    -    75 
Other comprehensive loss   -    -    -    (746)   (746)
Balance, June 30, 2018  $2,808   $10,335   $21,778   $(1,377)  $33,544 

 

               Accumulated     
       Additional       Other   Total 
   Common   Paid-in   Retained   Comprehensive   Stockholders' 
   Stock   Capital   Earnings   (Loss)/Income   Equity 
Balance, December 31, 2018  $2,814   $10,401   $22,066   $(1,230)  $34,051 
                          
Net income   -    -    454    -    454 
Cash dividends, $0.20 per share   -    -    (563)   -    (563)
Dividends reinvested under                         
   dividend reinvestment plan   7    63    -    -    70 
Other comprehensive income   -    -    -    878    878 
Balance, June 30, 2019  $2,821   $10,464   $21,957   $(352)  $34,890 

 

 

 

  

THE BANK OF GLEN BURNIE

CAPITAL RATIOS

(dollars in thousands)

 

               

To Be Considered

Adequately Capitalized

   

To Be Well

Capitalized Under

Prompt Corrective

Action Provisions

 
    Amount     Ratio     Amount     Ratio     Amount     Ratio  
As of June 30, 2019:                                                
(unaudited)                                                
Common Equity Tier 1 Capital   $ 34,864       12.05 %   $ 13,015       4.50 %   $ 18,799       6.50 %
Total Risk-Based Capital   $ 37,335       12.91 %   $ 23,137       8.00 %   $ 28,922       10.00 %
Tier 1 Risk-Based Capital   $ 34,864       12.05 %   $ 17,353       6.00 %   $ 23,137       8.00 %
Tier 1 Leverage   $ 34,864       9.12 %   $ 15,287       4.00 %   $ 19,109       5.00 %
                                                 
As of March 31, 2019:                                                
(unaudited)                                                
Common Equity Tier 1 Capital   $ 34,681       12.51 %   $ 12,472       4.50 %   $ 18,014       6.50 %
Total Risk-Based Capital   $ 37,311       13.46 %   $ 22,172       8.00 %   $ 27,715       10.00 %
Tier 1 Risk-Based Capital   $ 34,681       12.51 %   $ 16,629       6.00 %   $ 22,172       8.00 %
Tier 1 Leverage   $ 34,681       8.68 %   $ 15,983       4.00 %   $ 19,978       5.00 %
                                                 
As of December 31, 2018:                                                
(audited)                                                
Common Equity Tier 1 Capital   $ 34,778       12.27 %   $ 12,757       4.50 %   $ 18,427       6.50 %
Total Risk-Based Capital   $ 37,354       13.18 %   $ 22,679       8.00 %   $ 28,349       10.00 %
Tier 1 Risk-Based Capital   $ 34,778       12.27 %   $ 17,009       6.00 %   $ 22,679       8.00 %
Tier 1 Leverage   $ 34,778       8.52 %   $ 16,330       4.00 %   $ 20,413       5.00 %
                                                 
As of June 30, 2018:                                                
(unaudited)                                                
Common Equity Tier 1 Capital   $ 33,335       11.94 %   $ 12,559       4.50 %   $ 18,140       6.50 %
Total Risk-Based Capital   $ 35,662       12.78 %   $ 22,326       8.00 %   $ 27,908       10.00 %
Tier 1 Risk-Based Capital   $ 33,335       11.94 %   $ 16,745       6.00 %   $ 22,326       8.00 %
Tier 1 Leverage   $ 33,335       8.39 %   $ 15,883       4.00 %   $ 19,854       5.00 %

 

 

 

 

GLEN BURNIE BANCORP AND SUBSIDIARY

SELECTED FINANCIAL DATA

(dollars in thousands, except per share amounts)

 

   Three Months Ended   Six Months Ended   Year Ended 
   June 30,   March 31,   June 30,   June 30,   June 30,   December 31, 
   2019   2019   2018   2019   2018   2018 
   (unaudited)   (unaudited)   (unaudited)   (unaudited)   (unaudited)   (audited) 
                         
Financial Data                              
Assets  $377,613   $393,059   $401,471   $377,613   $401,471   $413,046 
Investment securities   61,213    61,420    87,314    61,213    87,314    81,572 
Loans, (net of deferred fees & costs)   291,237    299,417    289,408    291,237    289,408    299,120 
Allowance for loan losses   2,459    2,605    2,284    2,459    2,284    2,541 
Deposits   320,178    331,613    341,807    320,178    341,807    322,453 
Borrowings   20,000    25,000    25,000    20,000    25,000    55,000 
Stockholders' equity   34,890    34,455    33,544    34,890    33,544    34,051 
Net income   319    135    478    454    733    1,583 
                               
Average Balances                              
Assets  $382,659   $400,064   $396,204   $391,403   $394,087   $401,086 
Investment securities   61,621    69,939    91,290    65,780    91,870    89,351 
Loans, (net of deferred fees & costs)   295,425    299,506    281,104    297,466    277,534    286,703 
Deposits   325,036    323,283    335,479    324,159    334,985    335,167 
Borrowings   20,778    41,181    26,394    30,985    24,573    31,595 
Stockholders' equity   34,965    34,359    33,506    34,662    33,671    33,392 
                               
Performance Ratios                              
Annualized return on average assets   0.34%   0.14%   0.49%   0.24%   0.38%   0.39%
Annualized return on average equity   3.70%   1.59%   5.78%   2.66%   4.42%   4.74%
Net interest margin   3.41%   3.30%   3.21%   3.36%   3.22%   3.26%
Dividend payout ratio   88%   209%   59%   124%   76%   71%
Book value per share  $12.37   $12.23   $11.95   $12.37   $11.95   $12.10 
Basic and diluted net income per share   0.11    0.05    0.17    0.16    0.26    0.56 
Cash dividends declared per share   0.10    0.10    0.10    0.20    0.20    0.40 
Basic and diluted weighted average
   shares outstanding
   2,819,994    2,816,518    2,806,599    2,818,266    2,804,565    2,808,031 
                               
Asset Quality Ratios                              
Allowance for loan losses to loans   0.84%   0.87%   0.79%   0.84%   0.79%   0.85%
Nonperforming loans to avg. loans   1.61%   0.90%   1.46%   1.60%   1.48%   0.76%
Allowance for loan losses to
   nonaccrual & 90+ past due loans
   54.0%   104.7%   58.6%   54.0%   58.6%   128.7%
Net charge-offs annualize to avg. loans   0.24%   0.27%   0.94%   0.19%   0.48%   0.32%
                               
Capital Ratios                              
Common Equity Tier 1 Capital   12.05%   12.51%   11.94%   12.05%   11.94%   12.27%
Tier 1 Risk-based Capital Ratio   12.05%   12.51%   11.94%   12.05%   11.94%   12.27%
Leverage Ratio   9.12%   8.68%   8.39%   9.12%   8.39%   8.52%
Total Risk-Based Capital Ratio   12.91%   13.46%   12.78%   12.91%   12.78%   13.18%

 

 

 

 

View differences made from one to another to evaluate Glen Burnie Bancorp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Glen Burnie Bancorp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account