Chesapeake Financial Shares Inc. (OTCQX:CPKF)(Chesapeake Financial Shares Inc. (OTCQX:CPKF)) CEO Jeff Szyperski tells Proactive the community bank posted first-quarter earnings of $4.27 million that showed asset quality remains strong. When adjusted for Paycheck Protection Program fees taken in the 1Q of 2021, this represents a 13.6% increase over the 1Q of 2021, noted the company. For the period ended March 31, 2022, the Kilmarnock, Virginia-based community bank reported earnings per share of $0.902 fully diluted, compared to earnings per share of $1.085 fully diluted for the 1Q of 2021.
Chesapeake Financial reports $4.27 million in earnings in 1Q with extremely good asset quality
