Chesapeake Finl Stock Price, News & Analysis

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.

Chesapeake Financial Shares has appointed Dede Ramoneda to its Board of Directors. Ramoneda brings extensive experience across financial services, energy, and consulting sectors. At First Citizens Bank, she played a important role in the acquisitions of CIT and Silicon Valley Bank, leading IT integration efforts. Her expertise in digital transformation, risk mitigation, and IT strategy is particularly valuable as the banking industry becomes increasingly technology-dependent.

Ramoneda's accomplishments include recognition through Computerworld's Best Places to Work in IT (2023), Orbie Award: Carolina Enterprise CIO of the Year (2022), and Triangle Business Journal's CIO of the Year (2014). She has served on multiple boards, including ScanSource, NCTech, and Progress Telecom Access Networks. She holds a BS in Industrial Management from LSU, an MBA from Rollins College, and completed Executive Education at The Wharton School.

Chesapeake Financial Shares (OTCQX:CPKF) reported third quarter 2024 earnings of $2,600,159, a 5% increase from Q3 2023. Earnings per share were $0.550 fully diluted, up from $0.526 in Q3 2023. Total assets reached $1,589,344,001, an 8% increase from year-end. Nonperforming assets were 0.421% as of September 30, 2024.

The company's lending grew 8.1% annualized year-to-date in 2024. The Board of Directors increased the quarterly dividend by $0.05 to $0.16 per share, effective December 1, 2024. This marks the 32nd consecutive year of dividend increases. The stock currently has a 3.26% dividend yield and trades at a 9.79 price/earnings ratio.

Chesapeake Financial Shares has been recognized as a "Top Performing" community bank in the U.S. for the seventeenth consecutive year.