Chesapeake Financial Shares, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2017
May 04, 2017
Share
Chesapeake Financial Shares, Inc. announced earnings results for the first quarter ended March 31, 2017. For the quarter, earnings were $2,601,709, a 13.3% increase from the first quarter of 2016. The reported earnings per share were $0.632 fully diluted compared to $0.480 fully diluted for the first quarter of 2016.
Chesapeake Financial Shares, Inc. is a bank holding company. The Company's principal business activity consists of ownership in Chesapeake Bank (the Bank) and Chesapeake Wealth Management, Inc. (CWM). The Bank is a full-service lender and provider of deposit services to individuals and businesses. The Bank operates approximately 16 branches in the Northern Neck, Middle Peninsula, Williamsburg and Richmond. The Bank offers mortgage, commercial, and consumer loans to its customers. Its loan portfolio includes commercial loans, such as non-real estate, commercial real estate, consumer non-real estate, and residential real estate. Its securities available for sale include securities of state and political subdivisions, mortgage-backed securities, and other debt securities. CWM is an independent wealth management firm offering brokerage, trust, and estate management services.
CHESAPEAKE FINANCIAL SHARES, INC. 