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Chesapeake reports $5.4M in first-quarter earnings; declares dividend

Chesapeake Financial Shares, Inc., the parent company of both Chesapeake Bank and Chesapeake Wealth Management, reported earnings of $5,390,860 for the first quarter of 2026, chairman and CEO Jeffrey M. Szyperski announced. The reported earnings per share were $1.147 fully diluted as compared to $1.364 at Dec. 31, 2025. Total assets ended the quarter at $1,730,015,652, a 3.6 percent increase from year-end. Nonperforming assets were 0.359 percent as of March 31, 2026, compared to 0.352 percent at year-end. This level of nonperforming assets is significantly below peer group banks, a release stated. Additionally, there is no Other Real Estate Owned (OREO) at quarter-end. Net loans have grown 5.7 percent from year-end and 12.9 percent from the first quarter of 2025. Overall net interest margin continues to improve year-over-year, ending the quarter at 3.98 percent. At the April 17 Chesapeake Financial Shares Board of Directors meeting, the board declared a quarterly dividend of $0.18 per ...

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