Chesapeake Financial Shares Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 20, 2019 at 04:21 am
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Chesapeake Financial Shares Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced net income was USD 2.974 million compared to USD 2.917 million a year ago. Basic earnings per share was USD 0.724 compared to USD 0.715 a year ago. Diluted earnings per share was USD 0.717 compared to USD 0.703 a year ago.
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. 
