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Stock impact report

Chesapeake Financial Shares Reports First Quarter Earnings and Declares Dividend [Yahoo! Finance]

CHESAPEAKE FINCL SHS INC (CPKF) 
NASDAQ:AMEX Investor Relations: chesapeakefinancialshares.com
Company Research Source: Yahoo! Finance
KILMARNOCK, VA / ACCESSWIRE / April 23, 2024 / On behalf of Chesapeake Financial Shares, Inc. (OTCQX:CPKF) (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board and CEO, reported earnings for the first quarter of 2024 of $2,749,988, a 303.9% increase from the fourth quarter of 2023. The reported earnings per share were $0.583 fully diluted as compared to $0.192 for the fourth quarter of 2023. Total assets ended the quarter at $1,511,866,477, up $40.8 million from year-end. Nonperforming assets were 0.187% as of March 31, 2024 compared to 0.255% for the fourth quarter of 2023. "Our specialty lines of business, Chesapeake Payment Systems and Flexent, continue to provide solid noninterest income strength to our earnings," Szyperski noted. "Coupled with 15.2% annualized net loan growth in the first quarter, we feel we have started 2024 on strong footing. The efforts we made in 2023 to strengthen our balance sheet and prov Show less Read more
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