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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…

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Rappahannock Record Staff
Rappahannock Record Staff
From the Rappahannock Record news team

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