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 financial results for the first quarter of 2025, reporting a net loss of $4,450,120.
The reported earnings per share were $(0.942) fully diluted as compared to $0.583 for the first quarter of 2024. Total assets ended the quarter at $1,607,182,875, a 5.4% increase from year-end. Nonperforming assets were 0.472% as of March 31, compared to 0.328% at year-end.
“The first quarter loss was a proactive move by us to reposition approximately $75 million of investment securities into much higher yields. This is a one-time….
