Chesapeake Financial Shares Reports Second Quarter Financials and Declares Dividend

Rhea-AI Summary

Chesapeake Financial Shares (CPKF) reported second-quarter 2026 net income of $8.18 million, including a $2.7 million one-time gain from the sale of its share of Bearing Insurance, and fully diluted EPS of $1.745 versus $0.669 a year earlier. Total assets reached $1.73 billion, up 5.8% year over year and 44% since December 31, 2020.

Nonperforming assets were 0.256% at June 30, 2026 compared with 0.483% a year prior. The board declared a quarterly dividend of $0.18 per share, effective September 1, 2026, payable on or before September 15, 2026, extending a 33-year dividend-increase streak. The stock has a 1.91% yield and trades 82% above its year-ago price.

Positive

• Q2 2026 net income $8.18 million, including $2.7 million one-time gain
• EPS growth to $1.745 diluted from $0.669 at June 30, 2025
• Total assets $1.73 billion, up 5.8% YoY and 44% since 2020
• Nonperforming assets reduced to 0.256% from 0.483% year over year
• Dividend $0.18 per share with 33 consecutive years of increases
• Share price approximately 82% higher than one year ago

Negative

• Q2 2026 net income includes a $2.7 million one-time gain, limiting repeatability

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

KILMARNOCK, VA / ACCESS Newswire / July 21, 2026 / 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 2026 of $8,182,181. Included in this net income is $2.7 million representing a one-time gain from the company's sale of its share of Bearing Insurance. The reported earnings per share were $1.745 fully diluted as compared to $0.669 at June 30, 2025. Total assets ended the quarter at $1,730,716,991, a 5.8% increase from June 30, 2025. The company continues to experience strong organic growth. Total assets have grown 44% since December 31, 2020. Nonperforming assets were 0.256% as of June 30, 2026 compared to 0.483% at June 30, 2025; these percentages are both well below peer group percentages.

At the July 17, 2026 Chesapeake Financial Shares Board of Directors meeting, the Board declared a quarterly dividend of $0.18 per share effective September 1, 2026, payable on or before September 15, 2026. The company has increased its dividend for 33 consecutive years. The stock currently has a 1.91% dividend yield and a stock price 82% higher than a year ago.

"As the country celebrates its 250^th year of independence, we too celebrate completing our 125^th year of being an independent community bank," added Szyperski.

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.

For immediate release: July 21, 2026

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) earnings for the second quarter of 2026?

Chesapeake Financial Shares reported second-quarter 2026 net income of $8,182,181. According to the company, this result includes a $2.7 million one-time gain from selling its share of Bearing Insurance and produced fully diluted earnings per share of $1.745, up from $0.669 a year earlier.

How did Chesapeake Financial Shares (CPKF) assets change as of June 30, 2026?

Total assets reached $1,730,716,991 as of June 30, 2026. According to Chesapeake Financial Shares, this represents a 5.8% increase from June 30, 2025, and total asset growth of 44% since December 31, 2020, reflecting ongoing organic expansion.

What dividend did Chesapeake Financial Shares (CPKF) declare in July 2026?

The board declared a quarterly dividend of $0.18 per share. According to Chesapeake Financial Shares, the dividend is effective September 1, 2026 and payable on or before September 15, 2026, extending the company’s record of 33 consecutive years of dividend increases.

What is the dividend yield and recent stock performance of Chesapeake Financial Shares (CPKF)?

Chesapeake Financial Shares reported a current dividend yield of 1.91%. According to the company, its stock price is approximately 82% higher than one year ago, indicating substantial appreciation alongside the continued quarterly dividend payments to shareholders.

How strong are Chesapeake Financial Shares (CPKF) asset quality metrics in Q2 2026?

Nonperforming assets were 0.256% as of June 30, 2026. According to Chesapeake Financial Shares, this compares with 0.483% a year earlier, and both figures are described as well below peer group percentages, indicating relatively low problem asset levels.

Does Chesapeake Financial Shares (CPKF) benefit from any notable one-time gains in Q2 2026?

Second-quarter 2026 results include a $2.7 million one-time gain. According to Chesapeake Financial Shares, this gain came from the sale of the company’s share of Bearing Insurance and is included in the reported net income of $8,182,181 and EPS of $1.745.