Chesapeake Financial Shares Reports Second Quarter Earnings and Declares Dividend

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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.

Positive

• Q2 2025 earnings increased 3.6% year-over-year to $3.15 million
• Total assets grew 7.2% to $1.63 billion from year-end
• 32 consecutive years of dividend increases, with current 3.07% yield
• Specialty business lines on track to double net contribution over four-year plan
• Net interest margin continues to expand due to portfolio repositioning

Negative

• Nonperforming assets increased to 0.485% from 0.328% at year-end
• Took on additional debt through subordinated debt issuance in March

A "Top Performing Community Bank" in the U.S. for the seventeenth consecutive year

KILMARNOCK, VA / ACCESS Newswire / July 22, 2025 / On behalf of Chesapeake Financial Shares, Inc. (parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board and CEO, reported earnings for the second quarter of 2025 of $3,145,639 compared to $3,036,512 for the second quarter of 2024. 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% increase from year-end. Nonperforming assets were 0.485% as of June 30, 2025 compared to 0.328% 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. The 3.6% increase in quarterly earnings (14.4% annualized) is coming from two primary sources: the repositioning of $75 million of the investment portfolio into higher-yield securities and the continued repricing upward of our existing loan portfolio. The net interest margin for the company continues to expand for the above two reasons," said Szyperski.

"The company's three specialty lines of business, Chesapeake Payment Systems, Flexent, and Chesapeake Wealth Management, are in their second year of a four-year plan to double their net contribution and are progressing well," Szyperski continued.

At the July 18, 2025 Chesapeake Financial Shares Board of Directors meeting, the Board declared a quarterly dividend of $0.16 per share effective September 1, 2025, payable on or before September 15, 2025. The company has increased its dividend for 32 consecutive years. The stock currently has a 3.07% dividend yield.

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. Follow Chesapeake Bank on Facebook, Instagram, Threads, X, LinkedIn, and YouTube.

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Contact: Jeffrey M. Szyperski 1-800-434-1181

SOURCE: Chesapeake Financial Shares, Inc.

View the original press release on ACCESS Newswire

FAQ

What were Chesapeake Financial Shares (CPKF) Q2 2025 earnings?

CPKF reported Q2 2025 earnings of $3.15 million ($0.669 per share), up 3.6% from $3.04 million ($0.646 per share) in Q2 2024.

What dividend did CPKF declare for Q2 2025?

CPKF declared a quarterly dividend of $0.16 per share, payable September 15, 2025, representing their 32nd consecutive year of dividend increases with a 3.07% yield.

How much did Chesapeake Financial's assets grow in 2025?

Total assets grew 7.2% to $1.63 billion from year-end, primarily driven by subordinated debt issuance in March 2025.

What is CPKF's strategy for improving performance?

CPKF repositioned $75 million of investment portfolio into higher-yield securities and implemented upward repricing of existing loans, while their specialty business lines aim to double net contribution over a four-year plan.

What is Chesapeake Financial's current nonperforming assets ratio?

CPKF's nonperforming assets ratio was 0.485% as of June 30, 2025, an increase from 0.328% at year-end.