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, Jeffrey M. Szyperski, chairman of the board and chief executive officer, reported record earnings for calendar year 2020 of $11,749,391 representing a 3.1% increase over 2019 earnings.

The reported earnings per share were $2.395 fully diluted as compared to $2.292 in 2019. 

“Due to COVID-19, 2020 was challenging, and thanks to the resiliency of both our employees as well as our customers we had a very successful year,” said Szyperski. 

“We have worked diligently over the last 25-plus years to diversify our revenue stream, and this is reflected…[to-view-more]