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…