Welcome to our dedicated page for Chesapeake Finl news (Ticker: CPKF), a resource for investors and traders seeking the latest updates and insights on Chesapeake Finl stock.
Chesapeake Financial Shares, Inc. (CPKF) delivers community-focused banking services through Chesapeake Bank and specialized divisions serving businesses nationwide. This news hub provides investors and stakeholders with essential updates about financial performance, strategic partnerships, and service innovations.
Access official press releases covering quarterly results, leadership changes, technology implementations like the Silverflow partnership, and recognition achievements. The curated collection includes updates across core operations:
• Financial Reporting: Earnings announcements and dividend declarations
• Strategic Initiatives: Expansion of payment processing capabilities
• Industry Recognition: Community banking awards and workplace accolades
• Service Developments: New lending programs and wealth management solutions
Bookmark this page for direct access to CPKF's verified financial communications. Check regularly for updates reflecting the company's commitment to combining traditional community banking values with modern financial technology solutions.
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.
Chesapeake Bank has launched a new Digital Debit Card that allows customers to create virtual cards via online and mobile banking for quick online purchases. This innovation, developed in partnership with Trabian, Q2, and Jack Henry, aims at enhancing customer access to debit cards upon account opening or replacement. The new card features multiple customizable options for added security, supporting immediate card activation and deactivation. Chief Innovation Officer D.J. Seeterlin highlighted that this product underscores Chesapeake's commitment to innovation and its ability to rapidly develop new solutions. The Digital Debit Card will also serve as a template for other banks' implementations.
Chesapeake Financial Shares reported record earnings of $17,628,587 for 2022, a 17.4% increase from 2021, with earnings per share of $3.73 compared to $3.11 in the previous year. The company has maintained a strong net interest margin of 3.93% and realized a one-time gain of $1.7 million from a brokerage sale. Total assets decreased by 4.1% to approximately $1.33 billion, while nonperforming assets rose slightly to 0.541%. The Board declared a quarterly dividend of $0.15 per share, reflecting 30 consecutive years of dividend increases. Chesapeake was recognized as one of the 'Top 200 Community Banks' for the fifteenth consecutive year.
Chesapeake Financial Shares reported a strong Q3 2022 performance with earnings of $5,947,059, marking a 57.7% increase year-over-year. This includes a $2.2 million one-time gain from an investment sale. EPS reached $1.261, up from $0.778 in Q3 2021. Total assets are at $1.33 billion, with nonperforming assets reduced to 0.432%. Loans increased by $19.16 million to $724.05 million. A quarterly dividend of $0.150 per share was declared, maintaining a 2.63% yield.
Chesapeake Financial Shares reports a solid second quarter for 2022 with earnings of $4,063,623, a 2.4% year-over-year increase. Excluding nonrecurring PPP fees, the growth is 23%. Earnings per share increased to $0.861 from $0.818. Total assets as of June 30, 2022, stood at $1.34 billion, with nonperforming assets down to 0.460%. A quarterly dividend of $0.150 was declared, marking a 7.1% increase and continuing a 29-year trend of dividend growth, with a current yield of 2.24%.
