ChoiceOne Financial Services, Inc. (COFS)

COFS Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	137.07	74.44	65.89	67.31	60.64
Net Interest Income Growth	84.13%	12.99%	-2.12%	11.00%	18.74%
Non-Interest Income	24.67	18	14.91	14.07	19.19
Non-Interest Income Growth	37.07%	20.72%	5.93%	-26.68%	-15.44%
Revenues Before Loan Losses	161.74	92.44	80.79	81.39	79.84
Provision for Credit Losses	14.81	0.63	0.15	0.25	0.42
Revenue	146.92	91.81	80.64	81.14	79.42
Revenue Growth (YoY)	60.03%	13.85%	-0.61%	2.16%	13.83%
Compensation Expenses	52.74	33.41	31.96	30.39	29.3
Selling, General & Admin	26.01	16.98	16.37	16.58	16.83
Other Non-Interest Expenses	33.99	8.34	6.75	6.51	6.79
Total Non-Interest Expense	112.74	58.72	55.07	53.48	52.92
Pretax Income	34.19	33.09	25.57	27.66	26.5
Provision for Income Taxes	6.01	6.36	4.31	4.02	4.46
Net Income	28.18	26.73	21.26	23.64	22.04
Net Income to Common	28.18	26.73	21.26	23.64	22.04
Net Income Growth	5.42%	25.71%	-10.06%	7.25%	41.18%
Shares Outstanding (Basic)	14	8	8	8	8
Shares Outstanding (Diluted)	14	8	8	8	8
Shares Change (YoY)	70.20%	8.57%	0.60%	-2.28%	2.27%
EPS (Basic)	2.02	3.27	2.82	3.15	2.87
EPS (Diluted)	2.01	3.25	2.82	3.15	2.86
EPS Growth	-38.15%	15.25%	-10.48%	10.14%	38.16%
Shares Outstanding	15	8.97	7.55	7.51	7.57
Free Cash Flow	25.19	45.38	42.1	43.16	34.94
Free Cash Flow Growth	-44.49%	7.78%	-2.46%	23.54%	427.32%
Free Cash Flow Per Share	1.80	5.52	5.56	5.73	4.54
Dividends Per Share	1.130	1.090	1.050	1.010	0.940
Dividend Growth	3.67%	3.81%	3.96%	7.45%	14.63%
Profit Margin	19.18%	29.11%	26.36%	29.14%	27.75%
FCF Margin	17.14%	49.42%	52.21%	53.20%	43.99%
EBITDA	19.87	12.33	12.43	13.34	12.43
EBITDA Margin	13.52%	13.43%	15.41%	16.44%	15.64%
Effective Tax Rate	17.59%	19.23%	16.84%	14.53%	16.82%

Updated Jan 30, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q