Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

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.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

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.

Chesapeake Financial Shares In

CPKF: Increasing 2024 and 2025 Estimates