Chesapeake Financial Shares, Inc., the parent company of both Chesapeake Bank and Chesapeake Wealth Management, reported earnings of $4,850,253 for the third quarter of 2025, compared to $2,600,159 for the third quarter of 2024, Jeffrey M. Szyperski, chairman of the board and CEO, announced this week.
The reported earnings per share were $1.029 fully diluted, as compared to $0.550 for the third quarter of 2024. Total assets ended the quarter at $1,646,821,945, an 8.01 percent increase from year-end. Nonperforming assets were 0.493 percent as of Sept. 30, 2025 compared to 0.328 percent at year-end.
“As mentioned last quarter, our year-to-date increase in total assets is boosted by our issuance of subordinated debt in the first quarter,” Szyperski said. “The projected outcome of this issuance and leverage of these funds was to increase our net interest margin on a pro-forma basis. It has performed as expected and, along with growth and continued positive repricing in our loan portfolio, ...