Chesapeake Financial Shares Reports First Quarter Financials and Declares Dividend
Chesapeake Financial Shares reported a net loss of $4.45 million in Q1 2025, with earnings per share at $(0.942) compared to $0.583 in Q1 2024. The company's total assets grew 5.4% to $1.61 billion, while nonperforming assets increased to 0.472% from 0.328%.
The quarterly loss was a strategic decision to reposition approximately $75 million of investment securities into higher yields, resulting in a one-time loss of about $8 million post-tax. The company also secured $25 million in subordinated debt to boost earnings and support a $4 million stock buy-back initiative.
Key highlights:
- Declared quarterly dividend of $0.16 per share, payable June 15, 2025
- Maintained status as "Top Performing Community Bank" for 17th consecutive year
- Extended dividend increase streak to 32 years
- Current dividend yield: 3.33%
Chesapeake Financial Shares ha registrato una perdita netta di 4,45 milioni di dollari nel primo trimestre del 2025, con un utile per azione di $(0,942) rispetto a $0,583 nel primo trimestre del 2024. Gli attivi totali della società sono cresciuti del 5,4%, raggiungendo 1,61 miliardi di dollari, mentre gli attivi non performanti sono aumentati dallo 0,328% allo 0,472%.
La perdita trimestrale è stata una scelta strategica per riposizionare circa 75 milioni di dollari in titoli di investimento verso rendimenti più elevati, con una perdita una tantum di circa 8 milioni di dollari al netto delle tasse. La società ha inoltre ottenuto 25 milioni di dollari di debito subordinato per aumentare gli utili e sostenere un programma di riacquisto azionario da 4 milioni di dollari.
Punti salienti:
- Dichiarato un dividendo trimestrale di 0,16 dollari per azione, pagabile il 15 giugno 2025
- Mantenuto lo status di "Top Performing Community Bank" per il 17° anno consecutivo
- Incrementata la serie di aumenti del dividendo a 32 anni
- Rendimento attuale del dividendo: 3,33%
Chesapeake Financial Shares reportó una pérdida neta de 4,45 millones de dólares en el primer trimestre de 2025, con ganancias por acción de $(0,942) en comparación con $0,583 en el primer trimestre de 2024. Los activos totales de la empresa crecieron un 5,4% hasta 1,61 mil millones de dólares, mientras que los activos improductivos aumentaron del 0,328% al 0,472%.
La pérdida trimestral fue una decisión estratégica para reposicionar aproximadamente 75 millones de dólares en valores de inversión hacia rendimientos más altos, resultando en una pérdida única de alrededor de 8 millones de dólares después de impuestos. La empresa también aseguró 25 millones de dólares en deuda subordinada para impulsar las ganancias y apoyar una iniciativa de recompra de acciones de 4 millones de dólares.
Puntos clave:
- Declaró un dividendo trimestral de 0,16 dólares por acción, pagadero el 15 de junio de 2025
- Mantuvo el estatus de "Top Performing Community Bank" por 17º año consecutivo
- Extendió la racha de aumentos de dividendos a 32 años
- Rendimiento actual del dividendo: 3,33%
체서피크 파이낸셜 셰어즈는 2025년 1분기에 445만 달러의 순손실을 보고했으며, 주당순이익은 2024년 1분기의 0.583달러에서 (0.942)달러로 감소했습니다. 회사의 총 자산은 5.4% 증가하여 16억 1천만 달러에 달했으며, 부실 자산 비율은 0.328%에서 0.472%로 상승했습니다.
분기 손실은 약 7,500만 달러 규모의 투자 증권을 더 높은 수익률로 재배치하기 위한 전략적 결정으로, 세후 약 800만 달러의 일회성 손실이 발생했습니다. 또한 회사는 2,500만 달러의 후순위 부채를 확보하여 수익을 증대하고 400만 달러 규모의 자사주 매입 계획을 지원했습니다.
주요 내용:
- 2025년 6월 15일 지급 예정인 주당 0.16달러 분기 배당 선언
- 17년 연속 "최고 성과 지역 은행" 지위 유지
- 배당금 인상 연속 기록 32년으로 연장
- 현재 배당 수익률: 3.33%
Chesapeake Financial Shares a enregistré une perte nette de 4,45 millions de dollars au premier trimestre 2025, avec un bénéfice par action de $(0,942) contre 0,583 $ au premier trimestre 2024. Les actifs totaux de la société ont augmenté de 5,4 % pour atteindre 1,61 milliard de dollars, tandis que les actifs non performants sont passés de 0,328 % à 0,472 %.
La perte trimestrielle résulte d'une décision stratégique visant à repositionner environ 75 millions de dollars en titres d'investissement vers des rendements plus élevés, entraînant une perte exceptionnelle d'environ 8 millions de dollars après impôts. La société a également obtenu 25 millions de dollars de dette subordonnée pour augmenter ses bénéfices et soutenir une initiative de rachat d'actions de 4 millions de dollars.
Points clés :
- Dividende trimestriel déclaré de 0,16 $ par action, payable le 15 juin 2025
- Maintien du statut de « Top Performing Community Bank » pour la 17e année consécutive
- Prolongation de la série d'augmentations de dividendes à 32 ans
- Rendement actuel du dividende : 3,33 %
Chesapeake Financial Shares meldete im ersten Quartal 2025 einen Nettoverlust von 4,45 Millionen US-Dollar, mit einem Ergebnis je Aktie von $(0,942) im Vergleich zu $0,583 im ersten Quartal 2024. Die Gesamtvermögenswerte des Unternehmens stiegen um 5,4 % auf 1,61 Milliarden US-Dollar, während notleidende Vermögenswerte von 0,328 % auf 0,472 % zunahmen.
Der Quartalsverlust war eine strategische Entscheidung, etwa 75 Millionen US-Dollar an Investitionswertpapieren in höher verzinsliche Anlagen umzuschichten, was zu einem einmaligen Verlust von rund 8 Millionen US-Dollar nach Steuern führte. Das Unternehmen sicherte sich zudem 25 Millionen US-Dollar an nachrangigen Schulden, um die Gewinne zu steigern und eine Aktienrückkaufinitiative in Höhe von 4 Millionen US-Dollar zu unterstützen.
Wichtige Highlights:
- Quartalsdividende von 0,16 US-Dollar pro Aktie angekündigt, zahlbar am 15. Juni 2025
- Status als "Top Performing Community Bank" im 17. Jahr in Folge beibehalten
- Dividendensteigerung auf 32 Jahre in Folge verlängert
- Aktuelle Dividendenrendite: 3,33 %
- 32 consecutive years of dividend increases, showing strong dividend history
- 5.4% increase in total assets from year-end, reaching $1.6B
- Current dividend yield of 3.33%
- Strategic repositioning of $75M investment securities for higher yields
- Secured $25M in subordinated debt for earnings enhancement
- Announced stock buyback program up to $4M
- Net loss of $4.45M in Q1 2025 vs profit in Q1 2024
- Negative EPS of $(0.942) vs $0.583 in Q1 2024
- Increase in nonperforming assets to 0.472% from 0.328% at year-end
- $8M post-tax loss from investment securities repositioning
A "Top Performing Community Bank" in the U.S. for the seventeenth consecutive year
KILMARNOCK, VA / ACCESS Newswire / April 29, 2025 / On behalf of Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board and CEO, reported financial results for the first quarter of 2025, reporting a net loss of
"The first quarter loss was a proactive move by us to reposition approximately
At the April 18, 2025 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. 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. Follow Chesapeake Bank on Facebook, Instagram, Threads, X, LinkedIn, and YouTube.
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Contact: Jeffrey M. Szyperski 1-800-434-1181
SOURCE: Chesapeake Financial Shares Inc.
View the original press release on ACCESS Newswire
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