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ChoiceOne Financial Services (COFS) Financials

ChoiceOne Financial Services logo
$32.76 +0.62 (+1.91%)
As of 01:43 PM Eastern
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Annual Income Statements for ChoiceOne Financial Services

Annual Income Statements for ChoiceOne Financial Services

This table shows ChoiceOne Financial Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
Consolidated Net Income / (Loss)		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
Net Income / (Loss) Continuing Operations		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
Total Pre-Tax Income 		7.69 8.25 8.56 8.49 8.47 19 26 28 26 33 34
Total Revenue		 26 27 28 29 37 74 80 81 81 92 162
Net Interest Income / (Expense)		 18 19 21 22 28 51 61 67 66 74 137
Total Interest Income		 19 20 22 25 32 56 65 75 99 121 203
Loans and Leases Interest Income		 16 17 18 20 27 47 49 53 68 90 173
Investment Securities Interest Income		 3.37 3.78 3.98 4.36 5.43 8.58 16 22 27 27 27
Other Interest Income		 0.01 0.02 0.10 0.13 0.27 0.27 0.08 0.49 3.80 4.68 3.52
Total Interest Expense		 0.99 0.97 1.48 2.46 4.70 4.64 3.98 7.75 33 47 66
Deposits Interest Expense		 0.88 0.79 1.19 2.18 4.19 4.18 3.31 5.85 24 34 54
Long-Term Debt Interest Expense		 0.08 0.17 0.28 0.24 0.46 0.22 0.02 0.12 1.77 2.04 8.20
Other Interest Expense		 - - - 0.05 0.06 0.25 0.65 1.78 7.33 10 3.72
Total Non-Interest Income		 7.70 7.88 7.81 6.92 9.17 23 19 14 15 18 25
Trust Fees by Commissions		 - - - 0.00 0.16 0.74 0.79 0.73 0.77 0.91 2.53
Service Charges on Deposit Accounts		 - 4.06 - 4.53 5.28 7.25 8.63 - 4.60 4.77 5.99
Other Service Charges		 5.50 1.45 5.49 0.82 0.93 1.48 1.75 11 1.91 1.75 3.62
Net Realized & Unrealized Capital Gains on Investments		 1.56 2.02 1.92 1.19 2.03 13 7.22 1.63 1.78 2.83 2.36
Other Non-Interest Income		 0.65 0.36 0.40 0.39 0.77 0.62 0.81 0.36 5.84 7.73 10
Provision for Credit Losses		 0.10 - 0.49 0.04 0.00 4.00 0.42 0.25 0.15 0.63 15
Total Non-Interest Expense		 18 19 19 20 28 51 53 53 55 59 113
Salaries and Employee Benefits		 9.27 9.98 10 11 14 27 29 30 32 33 53
Net Occupancy & Equipment Expense		 4.72 4.86 5.18 4.93 6.77 13 12 12 11 12 19
Marketing Expense		 0.25 0.22 0.30 0.31 0.53 0.59 0.85 0.76 0.72 0.79 0.98
Property & Liability Insurance Claims		 0.29 0.24 0.20 0.19 0.05 0.45 0.80 0.72 1.18 1.34 2.01
Other Operating Expenses		 3.30 3.29 3.41 4.04 6.38 9.26 8.31 8.77 8.85 9.69 15
Amortization Expense		 0.45 0.38 0.00 0.00 0.35 1.50 1.31 1.15 0.96 0.76 5.82
Restructuring Charge		 - - - - - - - 0.00 0.00 1.04 17
Income Tax Expense		 1.95 2.16 2.39 1.16 1.29 3.27 4.46 4.02 4.31 6.36 6.01
Basic Earnings per Share		 $1.67 $1.68 $1.70 $2.03 $1.58 $2.08 $2.87 $3.15 $2.82 $3.27 $2.02
Weighted Average Basic Shares Outstanding		 3.30M 3.45M 3.62M 3.61M 7.25M 7.80M 7.52M 7.52M 7.55M 8.97M 14.98M
Diluted Earnings per Share		 $1.66 $1.68 $1.70 $2.02 $1.58 $2.07 $2.86 $3.15 $2.82 $3.25 $2.01
Weighted Average Diluted Shares Outstanding		 3.30M 3.45M 3.62M 3.61M 7.25M 7.80M 7.52M 7.52M 7.55M 8.97M 14.98M
Weighted Average Basic & Diluted Shares Outstanding		 3.30M 3.45M 3.62M 3.61M 7.25M 7.80M 7.52M 7.52M 7.55M 8.97M 14.98M
Cash Dividends to Common per Share		 $0.63 $0.62 $0.64 $0.71 $1.40 $0.82 $0.94 $1.01 $1.05 $1.09 $1.13

Quarterly Income Statements for ChoiceOne Financial Services

This table shows ChoiceOne Financial Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 5.29 5.63 6.59 7.35 7.16 -14 14 15 14 14 12
Consolidated Net Income / (Loss)		 5.29 5.63 6.59 7.35 7.16 -14 14 15 14 14 12
Net Income / (Loss) Continuing Operations		 5.29 5.63 6.59 7.35 7.16 -14 14 15 14 14 12
Total Pre-Tax Income 		6.45 6.84 8.18 9.27 8.80 -18 17 18 17 17 15
Total Revenue		 21 21 22 25 24 31 43 45 43 42 42
Net Interest Income / (Expense)		 17 16 18 20 19 26 36 38 37 37 37
Total Interest Income		 28 28 30 32 31 40 54 55 54 53 54
Loans and Leases Interest Income		 20 21 22 23 24 33 47 47 47 46 46
Investment Securities Interest Income		 6.92 6.76 6.88 6.97 6.24 6.14 6.66 6.67 7.07 6.94 7.06
Other Interest Income		 1.29 0.89 1.09 1.47 1.23 1.18 0.74 0.91 0.69 0.69 0.53
Total Interest Expense		 11 12 12 11 12 14 18 17 18 17 17
Deposits Interest Expense		 8.42 8.78 8.33 8.36 8.71 11 15 14 14 14 14
Long-Term Debt Interest Expense		 0.27 0.44 0.46 0.47 0.67 2.05 1.66 1.93 2.56 2.18 2.10
Other Interest Expense		 2.71 2.74 2.79 2.61 2.31 0.88 1.10 0.89 0.85 0.71 0.80
Total Non-Interest Income		 4.05 4.05 4.08 4.87 4.99 4.92 6.50 7.14 6.10 5.82 4.94
Trust Fees by Commissions		 0.19 0.21 0.22 0.23 0.24 0.51 0.60 0.73 0.69 0.69 0.67
Service Charges on Deposit Accounts		 -2.32 1.14 1.15 1.25 - 1.18 1.40 1.73 1.68 1.66 1.75
Other Service Charges		 0.46 1.71 1.95 0.45 11 0.78 0.98 0.90 -2.63 0.75 0.99
Net Realized & Unrealized Capital Gains on Investments		 0.68 0.49 0.47 1.10 0.58 0.56 0.60 1.09 0.11 0.24 -1.31
Other Non-Interest Income		 5.03 0.50 0.31 1.84 1.01 1.90 2.93 2.69 6.25 2.48 2.85
Provision for Credit Losses		 0.38 0.00 0.00 0.43 0.20 13 0.65 0.20 0.80 0.00 0.55
Total Non-Interest Expense		 14 14 14 15 15 36 26 26 25 26 26
Salaries and Employee Benefits		 8.01 7.83 8.26 8.37 8.94 10 14 14 15 14 14
Net Occupancy & Equipment Expense		 1.73 2.80 2.95 3.07 1.91 3.72 4.87 5.19 4.84 4.88 4.88
Marketing Expense		 0.15 0.15 0.20 0.17 0.27 0.26 0.26 0.21 0.26 0.26 0.28
Property & Liability Insurance Claims		 0.39 0.38 0.39 0.39 0.18 0.46 0.55 0.53 0.48 0.57 0.54
Other Operating Expenses		 3.29 2.32 2.28 2.57 3.50 3.03 4.20 4.43 3.53 4.31 4.31
Amortization Expense		 0.20 0.20 0.20 0.20 0.15 0.68 1.73 1.73 1.68 1.69 1.58
Restructuring Charge		 - 0.00 0.00 0.65 - 17 0.17 0.00 - 0.00 0.00
Income Tax Expense		 1.16 1.21 1.59 1.93 1.64 -3.69 3.14 3.65 2.92 2.98 2.57
Basic Earnings per Share		 $0.70 $0.75 $0.87 $0.86 $0.79 ($1.30) $0.90 $0.98 $1.44 $0.91 $0.83
Weighted Average Basic Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Diluted Earnings per Share		 $0.70 $0.74 $0.87 $0.85 $0.79 ($1.29) $0.90 $0.97 $1.43 $0.91 $0.83
Weighted Average Diluted Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Weighted Average Basic & Diluted Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Cash Dividends to Common per Share		 $0.27 $0.27 $0.27 $0.27 $0.28 $0.28 $0.28 $0.28 $0.29 $0.29 $0.29

Annual Cash Flow Statements for ChoiceOne Financial Services

This table details how cash moves in and out of ChoiceOne Financial Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -5.46 3.62 22 -17 40 20 -48 12 11 41 -8.76
Net Cash From Operating Activities		 3.98 11 8.09 9.96 9.20 8.48 38 44 46 47 32
Net Cash From Continuing Operating Activities		 3.98 11 8.09 9.96 9.20 8.48 38 44 46 47 32
Net Income / (Loss) Continuing Operations		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
Consolidated Net Income / (Loss)		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
Provision For Loan Losses		 0.10 - 0.49 0.04 0.00 4.00 0.42 0.25 0.15 0.63 15
Depreciation Expense		 0.99 1.08 1.39 1.18 1.61 2.72 2.62 2.66 2.48 2.46 3.61
Amortization Expense		 1.50 1.53 1.06 0.89 1.52 4.99 9.80 11 9.95 9.87 16
Non-Cash Adjustments to Reconcile Net Income		 -3.27 2.38 -0.65 0.81 -1.73 -12 2.52 5.10 -2.23 -6.58 -16
Changes in Operating Assets and Liabilities, net		 -1.07 -0.15 -0.37 -0.30 0.64 -6.72 0.30 2.00 15 14 -15
Net Cash From Investing Activities		 -23 -41 -18 -44 36 -251 -521 -90 -181 -96 107
Net Cash From Continuing Investing Activities		 -23 -41 -18 -44 36 -251 -521 -90 -181 -96 107
Purchase of Property, Leasehold Improvements and Equipment		 -1.04 -1.82 -1.66 -4.21 -0.77 -1.85 -2.76 -1.16 -4.23 -1.71 -6.63
Purchase of Investment Securities		 -75 -92 -92 -56 -210 -455 -603 -196 -231 -157 -185
Sale and/or Maturity of Investments		 53 52 75 16 247 206 84 108 54 62 125
Other Investing Activities, net		 - - 0.00 - - - 0.00 0.00 0.00 0.00 173
Net Cash From Financing Activities		 13 34 32 17 -5.69 262 436 58 146 91 -147
Net Cash From Continuing Financing Activities		 13 34 32 17 -5.69 262 436 58 146 91 -147
Net Change in Deposits		 40 38 27 37 3.99 292 378 66 4.05 92 -48
Issuance of Debt		 195 311 213 129 115 10 88 726 - - -80
Issuance of Common Equity		 0.21 0.09 0.10 0.08 0.14 0.13 0.14 0.17 0.23 33 0.89
Repurchase of Common Equity		 -0.37 -0.79 -0.20 -0.52 -0.07 0.00 -7.79 -0.68 0.00 0.00 -2.68
Payment of Dividends		 -2.17 -2.23 -2.32 -2.58 -5.82 -6.17 -7.20 -7.58 -7.91 -9.01 -17
Other Financing Activities, Net		 -17 -1.55 -0.77 -2.35 -8.90 - 0.00 -0.09 0.00 -0.22 -0.33
Cash Interest Paid		 1.01 0.98 1.47 2.30 4.50 4.87 3.72 7.58 27 50 65
Cash Income Taxes Paid		 2.40 1.76 2.12 0.85 1.04 5.00 3.25 1.99 4.45 6.35 7.29

Quarterly Cash Flow Statements for ChoiceOne Financial Services

This table details how cash moves in and out of ChoiceOne Financial Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -89 95 -49 45 -49 43 17 -57 -11 -3.77 4.43
Net Cash From Operating Activities		 -11 15 16 -7.36 24 -9.39 8.96 15 14 -0.18 30
Net Cash From Continuing Operating Activities		 -11 15 16 -7.36 24 -9.39 8.96 15 14 -0.18 30
Net Income / (Loss) Continuing Operations		 5.29 5.63 6.59 7.35 7.16 -14 14 15 14 14 12
Consolidated Net Income / (Loss)		 5.29 5.63 6.59 7.35 7.16 -14 14 15 14 14 12
Provision For Loan Losses		 0.38 0.00 - 0.43 0.20 13 0.65 0.20 0.80 0.00 0.55
Depreciation Expense		 0.62 0.64 0.64 0.64 0.56 0.65 0.88 1.05 1.03 0.88 0.92
Amortization Expense		 2.46 2.43 2.38 2.45 2.61 2.99 4.53 4.46 4.29 4.05 3.82
Non-Cash Adjustments to Reconcile Net Income		 -1.98 -1.47 -0.14 -1.84 -2.51 -3.69 -8.01 -0.43 -6.55 -4.92 4.43
Changes in Operating Assets and Liabilities, net		 -18 8.09 6.27 -16 16 -8.60 -2.63 -4.66 0.60 -14 7.76
Net Cash From Investing Activities		 -85 7.61 -3.60 -59 -42 260 10 -42 -118 15 -65
Net Cash From Continuing Investing Activities		 -85 7.61 -3.60 -59 -42 260 10 -42 -118 15 -65
Purchase of Property, Leasehold Improvements and Equipment		 -0.78 -0.31 -0.48 -0.25 -0.66 -0.84 -2.08 -1.60 -2.12 -1.52 -2.81
Purchase of Investment Securities		 -105 -8.47 -20 -68 -61 -3.38 -5.63 -48 -125 -4.37 -103
Sale and/or Maturity of Investments		 17 16 17 8.77 20 91 18 7.25 9.14 20 41
Net Cash From Financing Activities		 6.89 72 -61 112 -32 -208 -2.15 -30 93 -18 39
Net Cash From Continuing Financing Activities		 6.89 72 -61 112 -32 -208 -2.15 -30 93 -18 39
Net Change in Deposits		 -11 64 -59 82 5.87 5.75 -59 -26 31 67 -66
Issuance of Debt		 - - - -10 - -208 61 -0.71 67 -80 80
Issuance of Common Equity		 0.06 0.06 0.06 32 0.17 0.17 0.26 0.25 0.21 0.26 0.24
Repayment of Debt		 20 10 -10 10 -350 0.00 - -0.21 - 0.00 30
Repurchase of Common Equity		 - 0.00 - - - -2.06 - - - -1.44 -1.08
Payment of Dividends		 -2.04 -2.04 -2.04 -2.42 -2.51 -4.19 -4.20 -4.20 -4.35 -4.34 -4.34
Other Financing Activities, Net		 - -0.08 -0.14 - - 0.00 -0.33 - - 0.00 -0.25
Cash Interest Paid		 9.09 15 9.41 9.67 16 12 18 15 21 17 16

Annual Balance Sheets for ChoiceOne Financial Services

This table presents ChoiceOne Financial Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 568 607 647 671 1,386 1,919 2,367 2,386 2,577 2,723 4,411
Cash and Due from Banks		 11 15 37 20 59 79 32 44 55 96 88
Interest Bearing Deposits at Other Banks		 - - - - 0.25 0.35 0.35 0.35 0.35 0.35 0.35
Trading Account Securities		 165 176 157 170 346 591 1,117 969 935 889 956
Loans and Leases, Net of Allowance		 345 365 394 404 798 1,062 1,009 1,182 1,376 -17 2,927
Loans and Leases		 349 369 399 409 802 1,070 1,017 1,190 1,391 - 2,963
Allowance for Loan and Lease Losses		 4.19 4.28 4.58 4.67 4.06 7.59 7.69 7.62 16 17 36
Premises and Equipment, Net		 12 13 13 16 24 29 30 28 30 27 48
Mortgage Servicing Rights		 - - - - - - - - - 40 59
Goodwill		 14 14 14 14 53 61 60 60 60 60 130
Intangible Assets		 0.38 - - 0.00 6.01 5.27 3.96 2.81 1.85 1.10 31
Other Assets		 20 25 32 47 100 92 115 100 119 1,626 171
Total Liabilities & Shareholders' Equity		 568 607 647 671 1,386 1,919 2,367 2,386 2,577 2,723 4,411
Total Liabilities		 498 536 570 590 1,194 1,692 2,145 2,217 2,381 2,463 3,945
Non-Interest Bearing Deposits		 123 128 151 154 287 478 561 600 548 525 907
Interest Bearing Deposits		 352 385 388 423 867 1,197 1,491 1,518 1,574 1,689 2,693
Long-Term Debt		 11 12 20 5.23 33 12 85 85 236 211 313
Other Long-Term Liabilities		 2.42 3.07 2.73 3.02 6.19 5.08 7.70 14 24 38 32
Total Equity & Noncontrolling Interests		 70 72 77 80 192 227 222 169 196 260 465
Total Preferred & Common Equity		 70 72 77 80 192 227 222 169 196 260 465
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 70 72 77 80 192 227 222 169 196 260 465
Common Stock		 47 46 50 55 163 179 172 172 174 207 398
Retained Earnings		 22 26 26 27 28 37 52 68 74 91 103
Accumulated Other Comprehensive Income / (Loss)		 1.20 -0.60 0.24 -0.73 1.48 11 -2.58 -72 -52 -38 -36

Quarterly Balance Sheets for ChoiceOne Financial Services

This table presents ChoiceOne Financial Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,574 2,671 2,623 2,726 4,305 4,310 4,297 4,395 4,457
Cash and Due from Banks		 144 150 101 146 137 155 98 84 88
Interest Bearing Deposits at Other Banks		 0.35 0.35 0.35 0.35 2.32 1.33 1.09 0.35 0.35
Trading Account Securities		 918 916 898 903 888 887 948 977 952
Loans and Leases, Net of Allowance		 1,271 1,373 1,385 1,449 2,888 2,883 2,873 2,897 2,984
Loans and Leases		 1,286 1,389 1,401 1,465 2,923 2,918 2,907 2,932 3,019
Allowance for Loan and Lease Losses		 15 16 16 16 35 35 35 35 36
Premises and Equipment, Net		 30 28 27 27 44 46 46 49 50
Mortgage Servicing Rights		 - - - - - - - 51 54
Goodwill		 60 60 60 60 127 127 127 130 130
Intangible Assets		 2.06 1.65 1.45 1.25 35 33 32 29 28
Other Assets		 149 142 151 139 183 178 172 177 171
Total Liabilities & Shareholders' Equity		 2,574 2,671 2,623 2,726 4,305 4,310 4,297 4,395 4,457
Total Liabilities		 2,393 2,464 2,409 2,478 3,878 3,878 3,847 3,925 3,974
Non-Interest Bearing Deposits		 532 503 517 521 912 944 904 913 944
Interest Bearing Deposits		 1,601 1,683 1,610 1,687 2,740 2,649 2,663 2,755 2,658
Long-Term Debt		 215 246 246 246 186 247 246 233 343
Other Long-Term Liabilities		 44 33 36 24 41 39 34 24 29
Total Equity & Noncontrolling Interests		 181 207 215 248 427 432 450 470 483
Total Preferred & Common Equity		 181 207 215 248 427 432 450 470 483
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 181 207 215 248 427 432 450 470 483
Common Stock		 173 174 174 206 398 398 399 397 397
Retained Earnings		 70 77 82 87 73 83 93 112 120
Accumulated Other Comprehensive Income / (Loss)		 -62 -44 -41 -45 -44 -49 -42 -40 -34

Annual Metrics And Ratios for ChoiceOne Financial Services

This table displays calculated financial ratios and metrics derived from ChoiceOne Financial Services' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 3,292,716.00 3,276,097.00 3,451,987.00 3,615,568.00 7,246,068.00 7,795,099.00 7,574,235.00 7,514,076.00 7,545,094.00 - 15,023,732.00
DEI Adjusted Shares Outstanding		 3,292,716.00 3,276,097.00 3,451,987.00 3,615,568.00 7,246,068.00 7,795,099.00 7,574,235.00 7,514,076.00 7,545,094.00 - 15,023,732.00
DEI Earnings Per Adjusted Shares Outstanding		 1.74 1.86 1.79 2.03 0.99 2.00 2.91 3.15 2.82 - 1.88
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.67% 4.45% 4.22% 2.15% 27.45% 99.69% 8.22% 1.94% -0.73% 14.42% 74.97%
EBITDA Growth		 -0.77% 6.78% 1.33% -4.01% 9.73% 129.39% 46.38% 5.34% -7.32% 19.54% 19.01%
EBIT Growth		 -1.07% 7.34% 3.67% -0.78% -0.27% 123.10% 40.31% 4.38% -7.56% 29.42% 3.32%
NOPAT Growth		 0.84% 6.04% 1.28% 18.89% -2.21% 117.72% 41.18% 7.25% -10.06% 25.71% 5.42%
Net Income Growth		 0.84% 6.04% 1.28% 18.89% -2.21% 117.72% 41.18% 7.25% -10.06% 25.71% 5.42%
EPS Growth		 -3.49% 1.20% 1.19% 18.82% -21.78% 31.01% 38.16% 10.14% -10.48% 15.25% -38.15%
Operating Cash Flow Growth		 -46.77% 174.69% -25.96% 23.05% -7.56% -7.87% 344.67% 17.58% 4.53% 4.66% -32.43%
Free Cash Flow Firm Growth		 327.28% -81.78% -222.32% 534.74% -617.63% 100.96% -3,651.34% 269.46% -304.42% 91.46% -1,999.84%
Invested Capital Growth		 -18.56% 1.41% 13.11% -17.56% 162.91% 6.37% 27.95% -17.13% 69.65% 9.28% 65.25%
Revenue Q/Q Growth		 -0.61% 2.25% 2.46% -0.79% 24.78% 7.32% 0.26% 1.53% -0.63% 4.22% 12.99%
EBITDA Q/Q Growth		 -4.98% 6.26% -2.26% -5.92% 28.02% -3.04% 6.58% 3.25% -3.50% 5.66% 23.10%
EBIT Q/Q Growth		 -7.15% 8.17% -3.31% -5.51% 24.36% -8.42% 4.82% 6.22% -4.85% 7.65% 30.49%
NOPAT Q/Q Growth		 -5.53% 8.32% -4.95% 6.71% 20.06% 7.39% 4.32% 7.61% -6.14% 7.51% 31.25%
Net Income Q/Q Growth		 -5.53% 8.32% -4.95% 6.71% 20.06% 7.39% 4.32% 7.61% -6.14% 7.51% 31.25%
EPS Q/Q Growth		 -9.78% 5.66% 0.59% 6.32% -4.24% 4.02% 5.15% 7.88% -6.31% 2.85% 46.72%
Operating Cash Flow Q/Q Growth		 -41.34% 48.89% -3.87% 5.70% 9.85% 151.46% -35.33% 10.37% -34.11% 252.76% -25.55%
Free Cash Flow Firm Q/Q Growth		 -5.12% 117.00% -143.87% 6.55% -1,021.69% 100.93% -1,552.33% -15.46% 14.47% 81.52% -54.43%
Invested Capital Q/Q Growth		 8.70% -21.65% -5.81% -8.07% 165.62% 1.49% 17.95% 32.46% 8.71% -4.51% 11.91%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 39.02% 39.89% 38.79% 36.45% 31.38% 36.05% 48.75% 50.38% 47.03% 49.14% 33.42%
EBIT Margin		 29.50% 30.31% 30.15% 29.29% 22.91% 25.60% 33.19% 33.98% 31.65% 35.80% 21.14%
Profit (Net Income) Margin		 22.03% 22.37% 21.74% 25.30% 19.41% 21.16% 27.61% 29.05% 26.32% 28.91% 17.42%
Tax Burden Percent		 74.70% 73.80% 72.10% 86.39% 84.71% 82.67% 83.18% 85.47% 83.16% 80.77% 82.41%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.30% 26.20% 27.90% 13.61% 15.29% 17.33% 16.82% 14.53% 16.84% 19.23% 17.59%
Return on Invested Capital (ROIC)		 5.69% 6.67% 6.30% 7.73% 4.61% 6.72% 8.07% 8.43% 6.21% 5.92% 4.51%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.69% 6.67% 6.30% 7.73% 4.61% 6.72% 8.07% 8.43% 6.21% 5.92% 4.51%
Return on Net Nonoperating Assets (RNNOA)		 2.76% 1.93% 2.02% 1.61% 0.65% 0.73% 1.75% 3.68% 5.46% 5.80% 3.26%
Return on Equity (ROE)		 8.44% 8.61% 8.32% 9.34% 5.26% 7.45% 9.82% 12.11% 11.67% 11.72% 7.76%
Cash Return on Invested Capital (CROIC)		 26.15% 5.27% -6.01% 26.98% -85.17% 0.54% -16.46% 27.17% -45.45% -2.95% -44.69%
Operating Return on Assets (OROA)		 1.38% 1.40% 1.36% 1.29% 0.82% 1.14% 1.24% 1.16% 1.03% 1.25% 0.96%
Return on Assets (ROA)		 1.03% 1.04% 0.98% 1.11% 0.70% 0.94% 1.03% 0.99% 0.86% 1.01% 0.79%
Return on Common Equity (ROCE)		 8.44% 8.61% 8.32% 9.34% 5.26% 7.45% 9.82% 12.11% 11.67% 11.72% 7.76%
Return on Equity Simple (ROE_SIMPLE)		 8.22% 8.49% 8.06% 9.11% 3.73% 6.87% 9.94% 14.00% 10.87% 10.26% 6.05%
Net Operating Profit after Tax (NOPAT)		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 27 28
NOPAT Margin		 22.03% 22.37% 21.74% 25.30% 19.41% 21.16% 27.61% 29.05% 26.32% 28.91% 17.42%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 54.64% 55.34% 55.41% 56.00% 58.73% 53.78% 53.24% 52.63% 54.56% 49.65% 44.73%
Operating Expenses to Revenue		 70.12% 69.69% 68.14% 70.59% 77.09% 68.98% 66.29% 65.71% 68.17% 63.53% 69.70%
Earnings before Interest and Taxes (EBIT)		 7.69 8.25 8.56 8.49 8.47 19 26 28 26 33 34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 11 11 11 12 27 39 41 38 45 54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.73 0.71 0.70 0.98 1.02 0.92 0.81 1.19 1.04 1.23 0.94
Price to Tangible Book Value (P/TBV)		 0.91 0.87 0.85 1.18 1.47 1.29 1.14 1.90 1.52 1.60 1.44
Price to Revenue (P/Rev)		 1.95 1.86 1.88 2.71 5.29 2.82 2.26 2.48 2.51 3.45 2.71
Price to Earnings (P/E)		 8.86 8.31 8.65 10.71 27.25 13.35 8.19 8.52 9.55 11.94 15.58
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 3.07% 3.94% 3.77% 3.90% 3.06% 3.87%
Earnings Yield		 11.29% 12.03% 11.56% 9.33% 3.67% 7.49% 12.21% 11.73% 10.48% 8.37% 6.42%
Enterprise Value to Invested Capital (EV/IC)		 0.67 0.61 0.42 0.75 0.75 0.59 0.76 0.96 0.89 0.92 0.85
Enterprise Value to Revenue (EV/Rev)		 2.32 2.06 1.55 2.21 4.58 1.92 2.93 2.98 4.74 4.69 4.11
Enterprise Value to EBITDA (EV/EBITDA)		 5.95 5.16 3.99 6.07 14.58 5.31 6.00 5.92 10.08 9.54 12.29
Enterprise Value to EBIT (EV/EBIT)		 7.87 6.79 5.13 7.55 19.97 7.48 8.82 8.78 14.98 13.09 19.43
Enterprise Value to NOPAT (EV/NOPAT)		 10.53 9.20 7.12 8.74 23.58 9.05 10.60 10.27 18.02 16.21 23.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.20 5.13 5.43 6.44 18.37 16.66 6.20 5.48 8.27 8.91 20.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.29 11.64 0.00 2.51 0.00 111.59 0.00 3.19 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.30 0.28 0.36 0.07 0.17 0.05 0.38 0.50 1.20 0.81 0.67
Long-Term Debt to Equity		 0.16 0.17 0.26 0.07 0.17 0.05 0.38 0.50 1.20 0.81 0.67
Financial Leverage		 0.48 0.29 0.32 0.21 0.14 0.11 0.22 0.44 0.88 0.98 0.72
Leverage Ratio		 8.21 8.30 8.46 8.39 7.54 7.88 9.55 12.17 13.61 11.62 9.83
Compound Leverage Factor		 8.21 8.30 8.46 8.39 7.54 7.88 9.55 12.17 13.61 11.62 9.83
Debt to Total Capital		 22.94% 21.99% 26.37% 6.11% 14.73% 5.18% 27.72% 33.55% 54.62% 44.73% 40.23%
Short-Term Debt to Total Capital		 10.44% 8.61% 6.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 12.50% 13.38% 19.49% 6.11% 14.73% 5.18% 27.72% 33.55% 54.62% 44.73% 40.23%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 77.06% 78.01% 73.63% 93.89% 85.27% 94.82% 72.28% 66.45% 45.38% 55.27% 59.77%
Debt to EBITDA		 2.04 1.86 2.49 0.50 2.86 0.47 2.18 2.08 6.20 4.64 5.79
Net Debt to EBITDA		 0.94 0.50 -0.86 -1.37 -2.27 -2.52 1.37 1.01 4.74 2.51 4.17
Long-Term Debt to EBITDA		 1.11 1.13 1.84 0.50 2.86 0.47 2.18 2.08 6.20 4.64 5.79
Debt to NOPAT		 3.62 3.32 4.44 0.71 4.63 0.80 3.86 3.61 11.08 7.89 11.12
Net Debt to NOPAT		 1.67 0.89 -1.53 -1.97 -3.68 -4.30 2.41 1.75 8.47 4.27 7.99
Long-Term Debt to NOPAT		 1.97 2.02 3.29 0.71 4.63 0.80 3.86 3.61 11.08 7.89 11.12
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 26 4.81 -5.89 26 -132 1.27 -45 76 -156 -13 -279
Operating Cash Flow to CapEx		 383.24% 600.71% 488.53% 236.63% 1,201.31% 457.78% 1,366.40% 3,808.16% 1,094.31% 2,851.47% 480.07%
Free Cash Flow to Firm to Interest Expense		 26.67 4.97 -3.98 10.40 -28.18 0.27 -11.31 9.84 -4.71 -0.29 -4.24
Operating Cash Flow to Interest Expense		 4.02 11.28 5.47 4.05 1.96 1.83 9.48 5.72 1.40 1.04 0.48
Operating Cash Flow Less CapEx to Interest Expense		 2.97 9.40 4.35 2.34 1.79 1.43 8.79 5.57 1.27 1.01 0.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.05
Fixed Asset Turnover		 2.20 2.23 2.23 2.02 1.84 2.74 2.69 2.80 2.79 3.25 4.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 91 92 104 86 225 240 307 254 431 471 779
Invested Capital Turnover		 0.26 0.30 0.29 0.31 0.24 0.32 0.29 0.29 0.24 0.20 0.26
Increase / (Decrease) in Invested Capital		 -21 1.28 12 -18 140 14 67 -53 177 40 307
Enterprise Value (EV)		 60 56 44 64 169 141 234 243 383 433 664
Market Capitalization		 51 51 53 79 195 208 180 202 203 319 439
Book Value per Share		 $21.21 $21.89 $22.18 $22.26 $26.52 $29.16 $29.27 $22.47 $25.93 $29.07 $30.97
Tangible Book Value per Share		 $16.93 $17.69 $18.20 $18.46 $18.39 $20.72 $20.83 $14.12 $17.74 $22.26 $20.26
Total Capital		 91 92 104 86 225 240 307 254 431 471 779
Total Debt		 21 20 27 5.23 33 12 85 85 236 211 313
Total Long-Term Debt		 11 12 20 5.23 33 12 85 85 236 211 313
Net Debt		 9.61 5.41 -9.42 -14 -26 -67 53 41 180 114 225
Capital Expenditures (CapEx)		 1.04 1.82 1.66 4.21 0.77 1.85 2.76 1.16 4.23 1.71 6.63
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 21 20 27 5.23 33 12 85 85 236 211 313
Total Depreciation and Amortization (D&A)		 2.48 2.61 2.45 2.08 3.13 7.71 12 13 12 12 20
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.75 $1.85 $1.79 $2.03 $1.58 $0.00 $2.87 $3.15 $2.82 $3.27 $2.02
Adjusted Weighted Average Basic Shares Outstanding		 3.30M 3.28M 3.37M 3.62M 7.25M 0.00 7.52M 7.52M 7.55M 8.97M 14.98M
Adjusted Diluted Earnings per Share		 $1.74 $1.85 $1.78 $2.02 $1.58 $0.00 $2.86 $3.15 $2.82 $3.25 $2.01
Adjusted Weighted Average Diluted Shares Outstanding		 3.30M 3.28M 3.37M 3.62M 7.25M 0.00 7.52M 7.52M 7.55M 8.97M 14.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.30M 3.28M 3.37M 3.62M 7.25M 0.00 7.52M 7.52M 7.55M 8.97M 14.98M
Normalized Net Operating Profit after Tax (NOPAT)		 5.74 6.09 6.17 7.33 7.17 16 22 24 21 28 42
Normalized NOPAT Margin		 22.03% 22.37% 21.74% 25.30% 19.41% 21.16% 27.61% 29.05% 26.32% 29.82% 26.27%
Pre Tax Income Margin		 29.50% 30.31% 30.15% 29.29% 22.91% 25.60% 33.19% 33.98% 31.65% 35.80% 21.14%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.77 8.52 5.79 3.45 1.80 4.07 6.66 3.57 0.77 0.71 0.52
NOPAT to Interest Expense		 5.80 6.28 4.17 2.98 1.53 3.36 5.54 3.05 0.64 0.57 0.43
EBIT Less CapEx to Interest Expense		 6.72 6.64 4.67 1.74 1.64 3.67 5.97 3.42 0.64 0.67 0.42
NOPAT Less CapEx to Interest Expense		 4.75 4.41 3.05 1.27 1.36 2.96 4.85 2.90 0.51 0.54 0.33
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.79% 36.63% 37.68% 35.18% 81.09% 39.54% 32.66% 32.06% 37.20% 33.72% 60.15%
Augmented Payout Ratio		 44.25% 49.67% 40.97% 42.32% 82.02% 39.54% 67.99% 34.94% 37.20% 33.72% 69.66%

Quarterly Metrics And Ratios for ChoiceOne Financial Services

This table displays calculated financial ratios and metrics derived from ChoiceOne Financial Services' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 7,545,094.00 7,552,919.00 7,571,112.00 8,957,495.00 - 8,968,784.00 14,984,253.00 15,015,000.00 15,023,732.00 14,981,917.00 14,975,035.00
DEI Adjusted Shares Outstanding		 7,545,094.00 7,552,919.00 7,571,112.00 8,957,495.00 - 8,968,784.00 14,984,253.00 15,015,000.00 15,023,732.00 14,981,917.00 14,975,035.00
DEI Earnings Per Adjusted Shares Outstanding		 0.70 0.75 0.87 0.82 - -1.55 0.90 0.98 0.92 0.91 0.83
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.43% -0.76% 14.70% 26.02% 18.16% 52.17% 90.72% 78.14% 76.38% 35.94% -2.78%
EBITDA Growth		 -12.62% 1.35% 19.81% 32.19% 25.52% -240.96% 97.25% 92.78% 84.81% 254.79% -10.44%
EBIT Growth		 -16.80% 2.67% 30.75% 49.52% 36.44% -357.20% 103.88% 97.63% 90.79% 194.81% -9.80%
NOPAT Growth		 -20.81% 0.02% 26.34% 43.46% 35.25% -318.61% 105.50% 99.80% 93.70% 211.27% -7.91%
Net Income Growth		 -20.81% 0.02% 26.34% 43.46% 35.25% -346.82% 105.50% 99.80% 93.70% 198.55% -7.91%
EPS Growth		 -21.35% -1.33% 26.09% 25.00% 12.86% -274.32% 3.45% 14.12% 81.01% 170.54% -7.78%
Operating Cash Flow Growth		 -189.39% 67.02% -1.61% -122.87% 321.31% -161.34% -43.07% 307.91% -39.99% 98.12% 152.08%
Free Cash Flow Firm Growth		 -389.89% -175.59% 50.91% 55.18% 80.86% -9.46% -159.42% -109.67% -793.20% 55.33% 33.96%
Invested Capital Growth		 69.65% 56.49% 22.83% 24.41% 9.28% 35.43% 47.44% 41.00% 65.25% 14.82% 21.77%
Revenue Q/Q Growth		 3.37% -0.37% 9.40% 11.85% -3.07% 28.30% 37.11% 4.47% -4.03% -1.12% -1.93%
EBITDA Q/Q Growth		 1.91% 3.92% 13.04% 10.42% -3.23% -216.71% 258.17% 7.92% -7.23% -2.25% -8.49%
EBIT Q/Q Growth		 3.98% 6.08% 19.51% 13.42% -5.11% -299.97% 194.74% 9.94% -8.39% -0.64% -9.87%
NOPAT Q/Q Growth		 3.34% 6.44% 16.90% 11.57% -2.57% -272.04% 209.89% 8.48% -5.54% -1.18% -9.06%
Net Income Q/Q Growth		 3.34% 6.44% 16.90% 11.57% -2.57% -294.25% 197.32% 8.48% -5.54% -1.18% -9.06%
EPS Q/Q Growth		 2.94% 5.71% 17.57% -2.30% -7.06% -263.29% 169.77% 7.78% 47.42% -36.36% -8.79%
Operating Cash Flow Q/Q Growth		 -134.19% 241.17% 2.76% -146.75% 474.42% -140.16% 238.41% 70.73% -8.24% -101.26% 17,017.51%
Free Cash Flow Firm Q/Q Growth		 13.98% 8.19% 49.93% -13.36% 63.27% -425.08% -18.66% 8.38% -56.47% 73.74% -75.45%
Invested Capital Q/Q Growth		 8.71% 4.91% 1.73% 7.23% -4.51% 30.01% 10.75% 2.55% 11.91% -9.66% 17.46%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 46.26% 48.25% 49.86% 49.22% 49.14% -44.70% 51.56% 53.26% 51.49% 50.90% 47.50%
EBIT Margin		 31.30% 33.33% 36.41% 36.92% 36.15% -56.33% 38.92% 40.96% 39.10% 39.29% 36.11%
Profit (Net Income) Margin		 25.69% 27.45% 29.33% 29.26% 29.41% -44.52% 31.60% 32.81% 32.30% 32.28% 29.93%
Tax Burden Percent		 82.07% 82.36% 80.55% 79.24% 81.36% 79.03% 81.19% 80.11% 82.60% 82.15% 82.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.93% 17.64% 19.45% 20.76% 18.64% 0.00% 18.81% 19.89% 17.40% 17.85% 17.11%
Return on Invested Capital (ROIC)		 6.06% 5.97% 5.87% 5.83% 6.03% -7.64% 6.86% 7.90% 8.36% 8.48% 6.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.06% 5.97% 5.87% 5.83% 6.03% -8.38% 6.86% 7.90% 8.36% 8.48% 6.83%
Return on Net Nonoperating Assets (RNNOA)		 5.33% 5.82% 6.57% 6.27% 5.90% -5.70% 5.22% 5.57% 6.04% 3.96% 4.41%
Return on Equity (ROE)		 11.39% 11.79% 12.44% 12.10% 11.92% -13.34% 12.08% 13.47% 14.39% 12.45% 11.25%
Cash Return on Invested Capital (CROIC)		 -45.45% -38.32% -15.07% -16.17% -2.95% -28.75% -35.87% -30.41% -44.69% -5.32% -12.36%
Operating Return on Assets (OROA)		 1.02% 1.06% 1.19% 1.24% 1.26% -1.67% 1.39% 1.67% 1.77% 1.56% 1.42%
Return on Assets (ROA)		 0.84% 0.87% 0.96% 0.98% 1.03% -1.32% 1.13% 1.34% 1.46% 1.28% 1.17%
Return on Common Equity (ROCE)		 11.39% 11.79% 12.44% 12.10% 11.92% -13.34% 12.08% 13.47% 14.39% 12.45% 11.25%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.28% 10.55% 10.03% 0.00% 1.68% 3.27% 4.77% 0.00% 11.87% 11.34%
Net Operating Profit after Tax (NOPAT)		 5.29 5.63 6.59 7.35 7.16 -12 14 15 14 14 12
NOPAT Margin		 25.69% 27.45% 29.33% 29.26% 29.41% -39.43% 31.60% 32.81% 32.30% 32.28% 29.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.74% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 47.99% 52.54% 50.81% 46.24% 45.67% 45.77% 44.04% 43.64% 45.79% 45.24% 47.13%
Operating Expenses to Revenue		 66.88% 66.67% 63.59% 61.39% 63.03% 114.19% 59.56% 58.59% 59.04% 60.71% 62.57%
Earnings before Interest and Taxes (EBIT)		 6.45 6.84 8.18 9.27 8.80 -18 17 18 17 17 15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.53 9.90 11 12 12 -14 22 24 22 22 20
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.04 0.96 0.98 1.08 1.23 0.58 1.00 0.97 0.94 0.90 1.05
Price to Tangible Book Value (P/TBV)		 1.52 1.37 1.37 1.43 1.60 0.94 1.58 1.49 1.44 1.36 1.57
Price to Revenue (P/Rev)		 2.51 2.47 2.51 3.01 3.45 2.41 3.48 3.04 2.71 2.44 2.96
Price to Earnings (P/E)		 9.55 9.36 9.24 10.74 11.94 34.55 30.42 20.26 15.58 7.55 9.31
Dividend Yield		 3.90% 4.02% 3.87% 3.62% 3.06% 3.97% 3.87% 3.87% 3.87% 4.05% 3.38%
Earnings Yield		 10.48% 10.68% 10.82% 9.31% 8.37% 2.89% 3.29% 4.94% 6.42% 13.24% 10.75%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.65 0.77 0.74 0.92 0.48 0.77 0.84 0.85 0.81 0.92
Enterprise Value to Revenue (EV/Rev)		 4.74 3.65 4.24 4.14 4.69 2.85 4.21 4.07 4.11 3.30 4.45
Enterprise Value to EBITDA (EV/EBITDA)		 10.08 7.72 8.85 8.53 9.54 13.66 16.04 13.25 12.29 6.36 8.75
Enterprise Value to EBIT (EV/EBIT)		 14.98 11.44 12.79 11.93 13.09 34.02 30.36 22.21 19.43 8.33 11.43
Enterprise Value to NOPAT (EV/NOPAT)		 18.02 13.85 15.63 14.75 16.21 40.96 36.82 27.11 23.57 10.23 13.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.27 5.60 6.76 28.55 8.91 13.16 25.92 13.62 20.88 13.90 12.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.20 1.19 1.15 0.99 0.81 0.43 0.57 0.55 0.67 0.50 0.71
Long-Term Debt to Equity		 1.20 1.19 1.15 0.99 0.81 0.43 0.57 0.55 0.67 0.50 0.71
Financial Leverage		 0.88 0.97 1.12 1.08 0.98 0.68 0.76 0.71 0.72 0.47 0.65
Leverage Ratio		 13.61 13.53 12.97 12.36 11.62 11.01 10.73 10.07 9.83 9.70 9.59
Compound Leverage Factor		 13.61 13.53 12.97 12.36 11.62 11.01 10.73 10.07 9.83 9.70 9.59
Debt to Total Capital		 54.62% 54.29% 53.38% 49.79% 44.73% 30.28% 36.36% 35.38% 40.23% 33.18% 41.58%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 54.62% 54.29% 53.38% 49.79% 44.73% 30.28% 36.36% 35.38% 40.23% 33.18% 41.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.38% 45.71% 46.62% 50.21% 55.27% 69.72% 63.64% 64.62% 59.77% 66.82% 58.42%
Debt to EBITDA		 6.20 6.44 6.14 5.72 4.64 8.61 7.60 5.60 5.79 2.60 3.93
Net Debt to EBITDA		 4.74 2.50 3.62 2.32 2.51 2.14 2.79 3.35 4.17 1.66 2.92
Long-Term Debt to EBITDA		 6.20 6.44 6.14 5.72 4.64 8.61 7.60 5.60 5.79 2.60 3.93
Debt to NOPAT		 11.08 11.55 10.85 9.88 7.89 25.81 17.45 11.46 11.12 4.18 6.28
Net Debt to NOPAT		 8.47 4.49 6.39 4.01 4.27 6.41 6.40 6.85 7.99 2.67 4.66
Long-Term Debt to NOPAT		 11.08 11.55 10.85 9.88 7.89 25.81 17.45 11.46 11.12 4.18 6.28
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -172 -158 -79 -89 -33 -173 -205 -188 -294 -77 -135
Operating Cash Flow to CapEx		 -1,409.87% 4,924.12% 3,257.97% -2,907.51% 3,643.10% -1,124.91% 431.71% 955.88% 662.92% -11.61% 1,064.49%
Free Cash Flow to Firm to Interest Expense		 -15.05 -13.18 -6.82 -7.82 -2.81 -12.64 -11.63 -10.97 -16.74 -4.63 -7.84
Operating Cash Flow to Interest Expense		 -0.96 1.28 1.36 -0.64 2.05 -0.69 0.51 0.89 0.80 -0.01 1.74
Operating Cash Flow Less CapEx to Interest Expense		 -1.03 1.25 1.32 -0.67 2.00 -0.75 0.39 0.80 0.68 -0.10 1.57
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.05 0.04 0.04
Fixed Asset Turnover		 2.79 2.83 2.96 3.13 3.25 2.84 3.38 3.91 4.30 3.72 3.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 431 452 460 493 471 613 678 696 779 703 826
Invested Capital Turnover		 0.24 0.22 0.20 0.20 0.20 0.19 0.22 0.24 0.26 0.26 0.23
Increase / (Decrease) in Invested Capital		 177 163 86 97 40 160 218 202 307 91 148
Enterprise Value (EV)		 383 295 354 367 433 294 520 582 664 570 764
Market Capitalization		 203 199 209 267 319 248 430 435 439 421 509
Book Value per Share		 $25.93 $27.37 $28.33 $27.66 $29.07 $47.62 $28.81 $29.94 $30.97 $31.37 $32.23
Tangible Book Value per Share		 $17.74 $19.22 $20.22 $20.83 $22.26 $29.57 $18.13 $19.39 $20.26 $20.74 $21.70
Total Capital		 431 452 460 493 471 613 678 696 779 703 826
Total Debt		 236 246 246 246 211 186 247 246 313 233 343
Total Long-Term Debt		 236 246 246 246 211 186 247 246 313 233 343
Net Debt		 180 95 145 100 114 46 90 147 225 149 255
Capital Expenditures (CapEx)		 0.78 0.31 0.48 0.25 0.66 0.84 2.08 1.60 2.12 1.52 2.81
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 1.59 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 236 246 246 246 211 186 247 246 313 233 343
Total Depreciation and Amortization (D&A)		 3.08 3.06 3.02 3.09 3.16 3.63 5.41 5.50 5.32 4.93 4.74
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.70 $0.75 $0.87 $0.86 $0.79 ($1.30) $0.90 $0.98 $1.44 $0.91 $0.83
Adjusted Weighted Average Basic Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Adjusted Diluted Earnings per Share		 $0.70 $0.74 $0.87 $0.85 $0.79 ($1.29) $0.90 $0.97 $1.43 $0.91 $0.83
Adjusted Weighted Average Diluted Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.55M 7.57M 8.96M 8.96M 8.97M 14.98M 15.02M 15.02M 14.98M 14.98M 14.96M
Normalized Net Operating Profit after Tax (NOPAT)		 5.29 5.63 6.59 7.86 7.16 -0.27 14 15 14 14 12
Normalized NOPAT Margin		 25.69% 27.45% 29.33% 31.29% 29.41% -0.88% 31.92% 32.81% 32.30% 32.28% 29.93%
Pre Tax Income Margin		 31.30% 33.33% 36.41% 36.92% 36.15% -56.33% 38.92% 40.96% 39.10% 39.29% 36.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.57 0.57 0.71 0.81 0.75 -1.29 0.95 1.07 0.96 1.00 0.87
NOPAT to Interest Expense		 0.46 0.47 0.57 0.64 0.61 -0.90 0.77 0.86 0.79 0.82 0.72
EBIT Less CapEx to Interest Expense		 0.50 0.55 0.66 0.79 0.70 -1.35 0.83 0.98 0.84 0.91 0.71
NOPAT Less CapEx to Interest Expense		 0.40 0.45 0.53 0.62 0.56 -0.96 0.65 0.76 0.67 0.73 0.56
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.20% 37.60% 35.70% 34.35% 33.72% 155.35% 94.26% 70.38% 60.15% 30.64% 31.49%
Augmented Payout Ratio		 37.20% 37.60% 35.70% 34.35% 33.72% 184.00% 94.26% 70.38% 69.66% 34.34% 40.98%

Financials Breakdown Chart

Key Financial Trends

ChoiceOne Financial Services (NASDAQ: COFS) is showing substantial balance-sheet growth and a strong recovery from the loss reported in Q1 2025. However, the latest quarter also shows softer earnings, lower fee income and greater reliance on debt financing.

Q2 2026 net income was $12.5 million, or $0.83 per diluted share. That was down from $13.7 million, or $0.91 per share, in Q1 2026, and from $13.5 million, or $0.90 per share, in Q2 2025. Total revenue declined to $41.6 million from $42.5 million sequentially and $42.8 million year over year.

The core banking business remained relatively stable. Net interest income increased slightly to $36.7 million from $36.6 million in Q1 and $36.3 million in the prior-year quarter. Loan interest income also continued to grow, reaching $46.3 million in Q2 2026 compared with $45.6 million in Q1.

Asset growth has been a major long-term trend. Total assets reached $4.46 billion at June 30, 2026, up from $2.62 billion two years earlier. Net loans increased to $2.98 billion from $1.38 billion over the same period. This expansion has been accompanied by higher equity, which reached $482.7 million, although long-term debt also rose to $343.5 million from $246.7 million at the end of Q2 2025.

  • Strong earnings recovery: Net income has remained between $12.5 million and $14.7 million in the last four reported quarters, a significant improvement from the $13.9 million loss in Q1 2025.
  • Core interest income is holding up: Q2 net interest income was $36.7 million, slightly above both Q1 2026 and Q2 2025, despite elevated funding costs.
  • Significant balance-sheet expansion: Total assets have grown approximately 70% since Q2 2024, while net loans have more than doubled, creating a larger base for future interest income.
  • Improving book value support: Common equity rose to $482.7 million from $214.5 million in Q2 2024. Accumulated other comprehensive losses also narrowed to $34.1 million from $49.1 million.
  • Operating cash flow rebounded: Cash provided by operating activities was $29.9 million in Q2 2026, compared with an operating cash outflow of $177,000 in Q1 and $9.0 million of operating cash flow in Q2 2025.
  • Dividend increased modestly: The quarterly dividend was $0.29 per share in Q2 2026, compared with $0.27 in Q2 2024 and $0.26 in Q3 2023.
  • Deposit growth has stalled recently: Total deposits were approximately $3.60 billion at June 30, 2026, only slightly above the prior-year level and down from roughly $3.67 billion at March 31, 2026.
  • Investment activity is changing cash balances: The company purchased $102.8 million of investment securities in Q2 while selling or receiving maturities of $41.0 million, contributing to a $64.5 million investing cash outflow.
  • Fee income weakened: Total non-interest income fell to $4.9 million from $5.8 million in Q1 2026 and $6.5 million in Q2 2025. Investment results shifted from a $597,000 gain to a $1.3 million loss year over year.
  • Higher funding and credit costs pressure profits: Deposit interest expense increased to $14.3 million from $13.7 million in Q1, while the provision for credit losses rose to $550,000 from zero. Long-term debt also increased to $343.5 million, raising leverage and interest-rate sensitivity.

Overall, COFS appears fundamentally stronger than it was in early 2025, with larger loans, higher equity and consistently profitable operations. Investors should nevertheless monitor whether deposit balances stabilize, whether non-interest income recovers and whether additional debt begins to weigh more heavily on margins and earnings.

10/15/26 01:44 PM ETAI Generated. May Contain Errors.

ChoiceOne Financial Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ChoiceOne Financial Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ChoiceOne Financial Services' net income appears to be on an upward trend, with a most recent value of $28.18 million in 2025, rising from $5.74 million in 2015. The previous period was $26.73 million in 2024. Check out ChoiceOne Financial Services' forecast to explore projected trends and price targets.

Over the last 10 years, ChoiceOne Financial Services' total revenue changed from $26.06 million in 2015 to $161.74 million in 2025, a change of 520.5%.

In the past 11 quarters, ChoiceOne Financial Services' cash and equivalents has ranged from $83.87 million in Q1 2026 to $154.95 million in Q2 2025, and is currently $88.30 million as of their latest financial filing in Q2 2026.

ChoiceOne Financial Services had total debt of $313.25 million at the end of 2025, a 48.6% increase from 2024, and a 1,406.6% increase since 2015.

Over the last 10 years, ChoiceOne Financial Services' book value per share changed from 21.21 in 2015 to 30.97 in 2025, a change of 46.0%.


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Financial statements for NASDAQ:COFS last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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