CHESAPEAKE FINCL SHS INC - CPKF STOCK NEWS

Chesapeake Bank (OTCQX:CPKF) has appointed Ron Andrews to its Board of Directors. Andrews, a seasoned bank operations leader with 37 years of experience in the United States and the United Kingdom, has been serving on Chesapeake Bank's Technology Advisory Board since 2016. He is also an Executive Partner at the Mason School of Business, College of William and Mary.

Jeff Szyperski, CEO of Chesapeake Financial Shares and Chesapeake Bank, expressed enthusiasm about Andrews' addition, citing his deep industry knowledge and expertise as valuable assets for the bank's future. Andrews' career highlights include 22 years at Signet Bank/Capital One, where he led fraud prevention operations and oversaw the internet bank, growing deposits by $20 billion. He later served as Managing Director at Citibank, leading Global Fraud Operations for Consumer and Small Business Banks across 16 countries.

Silverflow, a cloud-native payment processing company, has partnered with Chesapeake Bank to bring advanced payment processing solutions to more US customers. This collaboration will enable Chesapeake Bank's ISO clients to access a modern, high-performance payment processing platform through its division, Chesapeake Payment Systems.

The partnership leverages Silverflow's state-of-the-art processing platform, enhancing Chesapeake Bank's service offerings and positioning it as an early adopter of new technology. TRX Services, an ISO partner, will handle the integration, ensuring a seamless transition for existing BIN sponsorship services.

Key benefits of the partnership include a modern processing solution, enhanced ISO services, and a shared vision for innovation and client service. This collaboration marks another milestone for Silverflow, following recent announcements about its Supervisory Board appointments.

Chesapeake Financial Shares (OTCQX:CPKF) reported second quarter 2024 earnings of $3,036,512, consistent with Q2 2023. Earnings per share were $0.646 fully diluted, compared to $0.648 in Q2 2023. Total assets increased by $62 million to $1,533,102,804. Nonperforming assets improved to 0.237% from 0.327% year-over-year.

The company declared a quarterly dividend of $0.155 per share, payable September 15, 2024, marking its 31st consecutive year of dividend increases. The stock currently yields 3.54%. Chesapeake Financial Shares was included in American Banker magazine's 'Top 100 Community Banks' for the 17th consecutive year, based on return on equity.

Chesapeake Financial Shares, Inc. (CPKF) reports a significant increase in earnings for the first quarter of 2024, with reported earnings of $2,749,988, a 303.9% rise from the previous quarter. Earnings per share were $0.583 fully diluted, compared to $0.192 in the fourth quarter of 2023. Total assets reached $1,511,866,477, showing a $40.8 million increase from the year-end. Nonperforming assets decreased to 0.187% as of March 31, 2024. The company attributes its success to the performance of Chesapeake Payment Systems and Flexent, along with a 15.2% annualized net loan growth in the first quarter. The Board of Directors declared a quarterly dividend of $0.155 per share, marking the 31st consecutive year of dividend increases, with a current dividend yield of 3.76%.

Chesapeake Financial Shares, Inc. reported a 42.6% decrease in earnings for calendar year 2023, with reported earnings per share of $2.151. The company ended the year with total assets of $1,471,046,795, a 10.7% increase over year-end 2022. Nonperforming assets decreased to 0.255% as of December 31, 2023, compared to 0.539% at December 31, 2022. Despite the challenging year, the company was named one of the 'Top 200 Community Banks' in the United States for the sixteenth consecutive year and one of the 'Best Banks to Work For' for the eleventh consecutive year. The Board declared a quarterly dividend of $0.155 per share, effective March 1, 2024, and the stock currently has a 3.06% dividend yield.

Chesapeake Financial Shares, Inc. (OTCQX:CPKF) announced a quarterly dividend of $0.155 per share, effective December 1, 2023, payable on or before December 15, 2023. The stock currently has a 3.44% dividend yield and has had 30 consecutive years of dividend increases.

Chesapeake Financial Shares reports a 58% decrease in earnings for the third quarter of 2023. Total assets slightly increased. Nonperforming assets decreased from last year. Net interest margin was 3.366%. The acquisition of a smaller factoring firm increased Flexent net income by 73%.

Chesapeake Financial Shares reported first-quarter earnings of $3,694,765 for 2023, reflecting a 13.5% decrease from the previous year.

The earnings per share (EPS) were $0.780, down from $0.902 in Q1 2022. Total assets increased slightly to $1.33 billion. The company reported a nonperforming asset ratio of 0.535% and a net loan growth of 10.4%, totaling $744.8 million. The net interest margin rose to 3.58% compared to last year's 3.53%. The board declared a quarterly dividend of $0.15 per share, resulting in a dividend yield of 2.81%. Chesapeake Financial has maintained 30 consecutive years of dividend increases.