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Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

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Chesapeake Financial Shares In / Equity Bottom-Up

<ul><li>We are increasing our diluted EPS estimate for 2024 by $0.11, from $2.19 to $2.30, a 7% gain from 2023's actual diluted EPS of $2.15 and raising our diluted EPS estimate for 2025 from $2.35 per share to $2.40 per share, a 4% gain over our 2024 estimate.</li><li>We expect good gains in net interest income in 2024 and 2025 as solid loan growth, estimated at 10% in 2024 and 8% in 2025, will be aided by improving prospects for CPKF's net interest margin (NIM).</li><li>We have raised our NIM estimate for 2024 by 13 basis points from 3.32% to 3.45%, down 5 basis from 3.50% in 2023, and for 2025 by 15 basis points from 3.35% to 3.50%, up 5 basis points from our 2024 estimate.</li></ul>

We are increasing our diluted EPS estimate for 2024 by $0.11, from $2.19 to $2.30, a 7% gain from 2023's actual diluted EPS of $2.15 and raising our diluted EPS estimate for 2025 from $2.35 per share to $2.40 per share, a 4% gain over our 2024 estimate.We expect good gains in net interest income in 2024 and 2025 as solid loan growth, estimated at 10% in 2024 and 8% in 2025, will be aided by improving prospects for CPKF's net interest margin (NIM).We have raised our NIM estimate for 2024 by 13 basis points from 3.32% to 3.45%, down 5 basis from 3.50% in 2023, and for 2025 by 15 basis points from 3.35% to 3.50%, up 5 basis points from our 2024 estimate.

<ul><li>We are slightly decreasing our diluted EPS estimate for 2024 by a penny, from $2.20 to $2.19, a 2% gain from 2023's actual diluted EPS of $2.15.</li><li>Our initial estimate for 2025 is $2.35 per diluted share, representing a 7% gain over our 2024 estimate.</li><li>We expect moderate gains in net interest income in 2024 and 2025 as solid loan growth, estimated at 8% in 2024 and 8% in 2025, will be partly offset by a lower net interest margin.</li></ul>

We are slightly decreasing our diluted EPS estimate for 2024 by a penny, from $2.20 to $2.19, a 2% gain from 2023's actual diluted EPS of $2.15.Our initial estimate for 2025 is $2.35 per diluted share, representing a 7% gain over our 2024 estimate.We expect moderate gains in net interest income in 2024 and 2025 as solid loan growth, estimated at 8% in 2024 and 8% in 2025, will be partly offset by a lower net interest margin.

United States

Chesapeake Financial Shares, Inc. is a bank holding company. The Company, through its banking subsidiaries, provides a wide variety of financial services, including checking, savings, certificates of deposit, commercial and residential real estate and consumer loans, trust services, and investment management. The Bank operates in the Northern Neck region of Virginia.

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Chesapeake Financial Shares In (CPKF US)

CPKF: Increasing 2024 and 2025 Estimates

We are increasing our diluted EPS estimate for 2024 by $0.11, from $2.19 to $2.30, a 7% gain from 2023's actual diluted EPS of $2.15 and raising...

Zacks Small Cap Research

CPKF: Initiating our 2025 Estimates

We are slightly decreasing our diluted EPS estimate for 2024 by a penny, from $2.20 to $2.19, a 2% gain from 2023's actual diluted EPS of...

Zacks Small Cap Research

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