Chesapeake Financial Shares reports first quarter earnings

On behalf of Chesapeake Financial Shares Inc., Jeffrey M. Szyperski, chairman of the board and chief executive officer, reported first quarter 2019 earnings of $2,974,650, a 2.0% increase from the first quarter of 2018.

The reported earnings per share were $0.717 fully diluted compared to $0.703 fully diluted for the first quarter of 2018. Total assets ended the quarter at $893,437,080, a 4.5% increase over year-end.

Nonperforming assets were at 1.837% on March 31, compared to 2.068% on December 31, 2018.

“Our asset quality continues to improve each…