Chesapeake Financial Shares Reports Strong First Quarter 2024 Earnings
–News Direct–
Chesapeake Financial Shares Chairman and CEO Jeff Szyperski joined Steve Darling from Proactive to reveal impressive earnings for the first quarter of 2024, demonstrating a remarkable 303.9% increase from the fourth quarter of 2023. The company reported earnings of $2,749,988, with earnings per share reaching $0.583 fully diluted, compared to $0.192 for the previous quarter. These results reflect the company's efforts to fortify its balance sheet and enhance stability.
Syzperski highlighted the company's robust financial position, with total assets reaching $1,511,866,477 by the end of the quarter, representing a $40.8 million increase from year-end. Moreover, the company's nonperforming assets stood at 0.187% as of March 31, 2024, down from 0.255% i...