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 2019 of $11,398,771 representing a 5.3% increase over 2018 earnings.
The reported earnings per share were $2.292 fully diluted as compared to $2.173 in 2018.
“2019 was the most profitable year of our organization’s history. We have worked successfully over the last 25 years to diversify our revenue stream and this continues to support our earnings growth. In addition to…[to-view-more]