Chesapeake Financial Shares Reports First Quarter Earnings and Declares Dividend
- Significant increase in earnings for the first quarter of 2024.
- 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.
- Attribution of success to Chesapeake Payment Systems and Flexent performance, along with a 15.2% annualized net loan growth in the first quarter.
- Board of Directors declared a quarterly dividend of $0.155 per share, marking the 31st consecutive year of dividend increases.
- Current dividend yield of 3.76%.
- None.
A "Top 200 Community Bank" in the U.S. for the sixteenth consecutive year
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
"Our specialty lines of business, Chesapeake Payment Systems and Flexent, continue to provide solid noninterest income strength to our earnings," Szyperski noted. "Coupled with
At the April 19, 2024 Chesapeake Financial Shares Board of Directors meeting, the Board declared a quarterly dividend of
For more information about Chesapeake Financial Shares stock (CPKF), or to receive daily e-mail alerts of our stock price, see www.chesapeakefinancialshares.com. To receive investor news updates about us visit our page on Proactive Investors (https://www.proactiveinvestors.com). The company is followed by Zacks Investment Research, and a copy of their report can also be found on this site or at www.zacks.com. Chesapeake Financial Shares is an over-the-counter, publicly traded stock. "Like" Chesapeake Bank on Facebook and follow us on LinkedIn, Twitter, and Instagram.
Contact:
Jeffrey M. Szyperski
1-800-434-1181
SOURCE: Chesapeake Financial Shares Inc.
View the original press release on accesswire.com
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