Get intelligentvalue.com

Own it today or select a payment plan

Buy Now$3,879Payment Plan$325/mo

Secured by Stripe

Premium Domain Name

intelligentvalue.com

is available for purchase

51 views

Visitors from

US 54%·

AU 32%·

IN 7%·

GB 2%·

FR 2%

Perfect for

Financial Consulting Technology Startups Educational Services Economic Forecasting E-commerce Solutions Business Analytics Artificial Intelligence Solutions Investment Advisory Strategic Planning Market Research

Unlock the potential of 'intelligentvalue.com', a premium domain that embodies sophistication and expertise in investment advisory and financial consulting. Perfect for businesses in artificial intelligence solutions, market research, and strategic planning, this memorable domain conveys a strong branding message that resonates with clients seeking innovative and data-driven insights. Elevate your presence in the competitive landscape with a digital identity that signifies intelligence, value, and forward-thinking solutions.

Safe & Secure

Protected transactions with Stripe

Fast Transfer

Domain transferred within 24 hours

Flexible Payments

Interest-free payment plans available

Chesapeake Financial Shares Reports Second Quarter Earnings

July 23, 2021 at 09:45 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

The Buck Stays Here - invest in your community bank

KILMARNOCK, VA / ACCESSWIRE / July 23, 2021 / On behalf of Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board & CEO, reported earnings for the second quarter of 2021 of $3,967,880, a 93% increase over the second quarter of 2020. The reported earnings per share were $1.903 fully diluted compared to $1.097 through the second quarter of 2020. The drivers of the large increase were a 26% increase in net interest income after the provision for loan losses and a 39% increase in total noninterest income, both being partially offset by a 7% increase in total noninterest expense. Total assets ended the quarter at $1,292,730,673, a 16% increase over June 30, 2020.

Nonperforming assets were at 0.815% on June 30, 2021 compared to 0.749% on June 30, 2020. Szyperski stated, "Our asset quality remained strong throughout the pandemic and remains so as we climb our way back to normal operations. Mortgage operations continue to provide strong fee income. The fee income recognized from the Paycheck Protection Program was $660,112 in the second quarter, further bolstering earnings. Additionally, $730,035 in gains on security sales were realized in the second quarter adding to the strong results."

At the July 16, 2021 Chesapeake Financial Shares Board of Directors meeting, the Board declared a quarterly dividend of $0.130 per share effective September 1, 2021, payable on or before September 15, 2021. Currently the stock has a 1.89% dividend yield.

"Despite the trials and tribulations of the past year, the resiliency of our employees has been exemplary and helped us achieve these results," Szyperski noted. "Organizationally, we feel we are in a great position looking toward 2022!"

For more information about Chesapeake Financial Shares stock (CPKF), or to receive daily e-mail alerts of our stock price, see www.chesapeakefinancialshares.com. The company is followed by Zacks Investment Research, and a copy of their report can also be found on this site or at www.zacks.com. Chesapeake Financial Shares is an over-the-counter, publicly traded stock. "Like" Chesapeake Bank on Facebook and follow us on LinkedIn, Twitter, and Instagram.

CONTACT:

Jeffrey M. Szyperski
804-435-4249
1-800-434-1181

SOURCE: Chesapeake Financial Shares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/656806/Chesapeake-Financial-Shares-Reports-Second-Quarter-Earnings