Chesapeake Financial Shares sees first quarter earnings surpass expectations despite banking crisis
New York
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May 10, 2023 11:16 AM Eastern Daylight Time
Chesapeake Financial Shares CEO Jeff Szyperski joins Natalie Stoberman from the Proactive newsroom to discuss company's first quarter earnings and how its stronger-than-expected performance is highlighted by its navigation of challenges in the financial services market.
Szyperski says the company's focus on building strong relationships with customers and maintaining stability during crises such as the Silicon Valley Bank incident has provided Chesapeake with optimism for the future. The CEO acknowledges slower growth in the coming quarters but expects a surge in the banking industry, particularly in deposits, and expresses confidence in navigating the challenges ahead.
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