Chesapeake Financial Shares reports third quarter earnings

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, recently reported earnings for the third quarter of 2020 of $3.38 million, a 4.8% increase over the third quarter of 2019.

The reported earnings per share were $0.692 fully diluted, compared to $0.649 fully diluted for the third quarter of 2019. Total assets ended the quarter at $1.17 billion, a 24.2% increase over September 30, 2019. 

“We have had a good 2020 thus far,” said Szyperski. “Through September 30, we’ve recognized…

There’s more to this story,
and many more news articles, photos and ads available only in our online e-Edition or in the printed version. Become a subscriber today!
• To access or subscribe to the e-Edition, go -   HERE
• To subscribe to the printed version, go -   HERE
• To buy the printed version at a newsstand, -   HERE are our locations.

For assistance, please call us at 804-435-1701, extension 16.