ChoiceOne Financial Services, Inc. (COFS)

COFS Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	80.51	80.64	81.14	79.42	69.77	36.94
Revenue Growth (YoY)	-1.37%	-0.61%	2.16%	13.83%	88.87%	27.61%
Gross Profit	80.51	80.64	81.14	79.42	69.77	36.94
Selling, General & Admin	45.67	46.13	44.79	43.12	40.52	22.1
Other Operating Expenses	9.09	8.94	8.69	9.8	10.37	6.37
Operating Expenses	54.76	55.07	53.48	52.92	50.88	28.48
Operating Income	25.75	25.57	27.66	26.5	18.89	8.47
Pretax Income	25.75	25.57	27.66	26.5	18.89	8.47
Income Tax	4.48	4.31	4.02	4.46	3.27	1.29
Net Income	21.26	21.26	23.64	22.04	15.61	7.17
Net Income Growth	-10.46%	-10.06%	7.25%	41.18%	117.72%	-2.21%
Shares Outstanding (Basic)	8	8	8	8	8	7
Shares Change	0.45%	0.41%	-0.79%	-2.83%	7.58%	100.41%
EPS (Basic)	2.82	2.82	3.15	2.87	2.08	1.58
EPS (Diluted)	2.81	2.82	3.15	2.86	2.07	1.58
EPS Growth	-11.08%	-10.48%	10.14%	38.16%	31.01%	-21.78%
Free Cash Flow	49.11	42.25	43.85	34.94	6.63	8.44
Free Cash Flow Per Share	6.50	5.60	5.84	4.61	0.85	1.16
Dividend Per Share	1.060	1.050	1.010	0.940	0.820	1.400
Dividend Growth	3.92%	3.96%	7.45%	14.63%	-41.43%	94.44%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	31.98%	31.70%	34.09%	33.36%	27.07%	22.91%
Profit Margin	26.41%	26.37%	29.14%	27.75%	22.38%	19.41%
Free Cash Flow Margin	61.00%	52.39%	54.05%	43.99%	9.50%	22.84%
Effective Tax Rate	17.41%	16.84%	14.53%	16.82%	17.33%	15.29%
EBITDA	38.13	38	41	38.92	26.59	11.59
EBITDA Margin	47.36%	47.12%	50.53%	49.01%	38.11%	31.38%
Depreciation & Amortization	12.38	12.43	13.34	12.43	7.71	3.13
EBIT	25.75	25.57	27.66	26.5	18.89	8.47
EBIT Margin	31.98%	31.70%	34.09%	33.36%	27.07%	22.91%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).