Chesapeake Financial Shares reports first quarter earnings

On behalf of Chesapeake Financial Shares Inc., parent company of both Chesapeake Bank and Chesapeake Wealth Management, chairman of the board and chief executive officer Jeffrey M. Szyperski recently reported earnings for the first quarter of 2020 of $3,367,909, a 13.2% increase from the first quarter of 2019. 

The reported earnings per share were $0.679 fully diluted compared to $0.597 fully diluted for the first quarter of 2019. Total assets ended the quarter at $951,390,935, roughly level with December 31, 2019, total assets of $958,306,037.   

“The coronavirus pandemic has affected many of our processes at Chesapeake but we are offering our full range of services, just in a different…[to-view-more]