Chesapeake Financial Shares, Inc., parent company of both Chesapeake Bank and Chesapeake Wealth Management, reported $3,145,639 in second-quarter earnings for 2025, an increase of slightly over $100,000 from the $3,036,512 reported in the same period in 2024, Jeffrey M. Szyperski, chairman of the board and CEO, announced this week.
The reported earnings per share were $0.669 fully diluted as compared to $0.646 for the second quarter of 2024. Total assets ended the quarter at $1,634,601,490, a 7.2 percent increase from year-end. Nonperforming assets were 0.485 percent as of June 30, 2025 compared to 0.328 percent at year-end.
“The increase in assets from year-end is largely driven by the issuance of subordinated debt in March of this year and the subsequent deployment and leveraging of these funds,” Szyperski said. “The 3.6 percent increase in quarterly earnings (14.4 percent annualized) is coming from two primary sources: the repositioning of $75 million of the investment portfolio int...