Welcome to our dedicated page for Chesapeake Finl news (Ticker: CPKF), a resource for investors and traders seeking the latest updates and insights on Chesapeake Finl stock.
Chesapeake Financial Shares, Inc. (CPKF) is a one-bank holding company for Chesapeake Bank and Chesapeake Wealth Management, Inc., operating in the commercial banking segment of the finance and insurance sector. Its stock trades on the OTCQX market, and the company regularly issues detailed earnings and dividend announcements, making CPKF a frequent subject of financial news.
News about Chesapeake Financial Shares often centers on quarterly and annual financial results, including commentary on total assets, nonperforming assets, and net interest margin. The company’s releases also describe strategic actions such as issuing subordinated debt, repositioning portions of the investment securities portfolio into higher-yield securities, and initiatives related to stock repurchase programs, as reported in its own communications.
Investors following CPKF news can also expect updates on the performance of its specialty business lines: Chesapeake Payment Systems, Flexent, and Chesapeake Wealth Management. The company highlights these areas in its earnings discussions, noting their contribution to net income and their role in its broader community banking and financial services activities.
In addition to financial results, Chesapeake Financial Shares and Chesapeake Bank issue news on corporate governance and leadership, such as appointments to the holding company and bank boards of directors, and on operational developments like the establishment of an in-house Fraud Prevention department. The bank also reports recognition from American Banker, including rankings among "Top 100 Community Banks" and "Best Banks to Work For," and mentions awards such as the AARP BankSafe Trained Seal.
For readers monitoring CPKF, this news stream provides insight into the company’s earnings trends, dividend decisions, specialty lines of business, governance changes, and community banking initiatives.
Chesapeake Financial Shares (OTC:CPKF) reported fourth-quarter 2025 earnings of $6,454,594 (more than double Q4 2024) and full-year 2025 net income of $10,000,366, a 12.5% decline versus 2024. Management said a proactive repositioning of roughly $75 million of investments caused an $8,000,323 after-tax charge in Q1, and that proceeds from a new subordinated debt issue have strengthened forward earnings. EPS was $2.123 fully diluted versus $2.422 in 2024. Total assets ended 2025 at $1.670 billion (+9.5% year-over-year); nonperforming assets were 0.352%. The Board declared a quarterly dividend of $0.17 per share, effective March 1, 2026 (33rd consecutive dividend increase; current yield 2.41%).
Chesapeake Bank (OTC:CPKF) marked its 125th anniversary year by earning three honors that highlight workplace culture and performance. The bank was named one of American Banker's 2025 Best Banks to Work For, ranking #49 overall and #32 among banks with under $3B assets, a recognition it has received consecutively since 2013. It was also named a Top Performing Bank by American Banker (consecutive honor since 2007) and won Virginia Living's Best of Virginia first place for Eastern Virginia in the Bank/Credit Union category.
The awards reflect employee survey results, workplace policy reviews, and repeated external recognition for operations and community service.
Chesapeake Financial Shares (OTC: CPKF) reported Q3 2025 net income of $4,850,253 versus $2,600,159 in Q3 2024 and EPS $1.029 diluted versus $0.550 a year earlier. Total assets were $1,646,821,945, an 8.01% increase from year-end. Nonperforming assets rose to 0.493% as of September 30, 2025. Management cited a first‑quarter subordinated debt issuance that boosted proforma net interest margin and said ancillary SBIC investments added ~$900,000 pre‑tax in Q3. The Board declared a $0.17 quarterly dividend effective December 1, 2025 (company has increased dividends 32 consecutive years; current yield 2.91%).
Chesapeake Financial Shares (CPKF) reported strong Q2 2025 earnings of $3.15 million, a 3.6% increase from $3.04 million in Q2 2024. The company's earnings per share reached $0.669 fully diluted, up from $0.646 year-over-year.
Total assets grew 7.2% to $1.63 billion from year-end, driven by subordinated debt issuance in March 2025. The company's improved performance stems from repositioning $75 million of investment portfolio into higher-yield securities and upward repricing of existing loans. The Board declared a quarterly dividend of $0.16 per share, marking their 32nd consecutive year of dividend increases.
Chesapeake Bank (CPKF) has announced two key leadership appointments to enhance its fraud prevention and operational capabilities. Grant Garber joins as Assistant Vice President, Director of Fraud Prevention, bringing his CAMS certification and will lead the new in-house Fraud Prevention department. Nate Cobb has been appointed Assistant Vice President, Director of Operations, leveraging his extensive experience from Village Bank to oversee operational frameworks.
The appointments align with Chesapeake Bank's recent achievement of the AARP BankSafe Trained Seal, recognizing its commitment to protecting older customers from financial exploitation. These strategic hires reflect the bank's investment in security, operational excellence, and customer protection initiatives.
Chesapeake Financial Shares reported a net loss of $4.45 million in Q1 2025, with earnings per share at $(0.942) compared to $0.583 in Q1 2024. The company's total assets grew 5.4% to $1.61 billion, while nonperforming assets increased to 0.472% from 0.328%.
The quarterly loss was a strategic decision to reposition approximately $75 million of investment securities into higher yields, resulting in a one-time loss of about $8 million post-tax. The company also secured $25 million in subordinated debt to boost earnings and support a $4 million stock buy-back initiative.
Key highlights:
- Declared quarterly dividend of $0.16 per share, payable June 15, 2025
- Maintained status as "Top Performing Community Bank" for 17th consecutive year
- Extended dividend increase streak to 32 years
- Current dividend yield: 3.33%
Chesapeake Financial Shares held its 124th Annual Shareholders Meeting on April 4, 2025, at Rappahannock Westminster-Canterbury in Irvington, Virginia. The company reported a 12.9% increase in earnings for 2024 compared to 2023.
Chairman, President & CEO Jeffrey M. Szyperski discussed banking industry trends, including M&A activity, new technology, and changing consumer behavior. A significant announcement involved the company's strategic decision to incur an $8 million loss in Q1 2025 to reposition $75 million of investments into higher yields, aimed at enhancing long-term shareholder value.
Despite this planned loss, Szyperski assured that the company will remain profitable and well-capitalized throughout 2025. The meeting concluded with a 125th Anniversary reception for shareholders and employees.
Chesapeake Financial Shares (CPKF) has successfully completed a $25 million private placement of fixed-to-floating rate subordinated notes. The offering, which was significantly oversubscribed, demonstrates strong investor demand and favorable pricing conditions.
The notes will initially carry an 8.00% interest rate from February 28, 2025, to March 1, 2030, paid semi-annually. After March 2030, the rate will reset quarterly to three-month SOFR plus 394 basis points until maturity on March 1, 2035.
The notes qualify as Tier 2 capital for the company and can be contributed as Tier 1 capital to Chesapeake Bank. Proceeds will support general corporate purposes, including:
- Growth opportunities
- Partial repositioning of the Bank's investment portfolio
- Opportunistic common share repurchases
Chesapeake Financial Shares (CPKF) has announced key executive changes in its Chesapeake Payment Systems division. DJ Seeterlin, previously Chief Innovation and Strategy Officer, has been promoted to President, succeeding Kate Root who transitions to a part-time role as Director of Partner Strategy.
Seeterlin, with 13 years at the company, has led several innovative payment initiatives, including the implementation of instant payments networks FedNow and RTP. He serves on multiple industry boards and is co-founder of Rebolt Financial Technologies. In his new role, he will lead partnerships with ISOs, Payment Facilitators, Processors, and other business entities.
Root, who has been with the company for 10 years, will focus on developing partner relationships in her new role. Chesapeake Payment Systems, approaching its 30th anniversary in 2025, enables payment processing for businesses across Virginia and the U.S. through partner sponsorships.
Chesapeake Financial Shares reported strong financial results for 2024, with earnings of $11,427,860, marking a 12.9% increase from 2023. The company achieved earnings per share of $2.422 fully diluted, up from $2.151 in 2023. Total assets reached $1,524,646,193, representing a 3.96% year-over-year growth.
The company demonstrated stable performance with nonperforming assets at 0.328% as of December 31, 2024. The Board declared a quarterly dividend of $0.16 per share, payable March 15, 2025, maintaining their 32-year streak of dividend increases. The stock currently yields 3.47%.
Notable achievements include being named one of the 'Top Performing Community Banks' by American Banker for the seventeenth consecutive year and one of the 'Best Banks to Work For' for the twelfth consecutive year.