Chesapeake Financial Shares reports record earnings and declares dividend

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 record earnings for calendar year 2022.

Earnings totaled $17,628,587 representing a 17.4% increase over 2021 earnings. The reported earnings per share were $3.73 fully diluted as compared to $3.11 in 2021.

Chesapeake Financial Shares ended the year December 31, 2022, with total assets of $1,328,997,182, a 4.1% decrease from year-end 2021. Nonperforming assets….

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