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Financials · COFS

ChoiceOne Financial Services Inc. (COFS) financials

For the twelve months ended Jun 30, 2026, ChoiceOne Financial Services Inc. reported $205.94M of revenue and $54.72M of net income.

Revenue, TTM
$205.94M
Revenue growth, YoY
+38.4%
Net income, TTM
$54.72M
Net income growth, YoY
+287.1%
Net margin
26.6%
Free cash flow, TTM
$51.04M
Cash
$88.65M
P/E
10.19
P/S
2.71
Market cap
$557.7M
Annual revenue$227.62M
FY2016FY2025
Annual net income$28.18M
FY2016FY2025
Annual free cash flow$25.19M
FY2016FY2025

COFS revenue and earnings growth

COFS revenueQ2 2026$41.64M

Quarter YoY
-2.8%
QoQ
-29.5%
FY YoY
+63.6%
5Y CAGR
+25.3%
10Y CAGR
+24.2%

COFS revenue was $41.64M in fiscal Q2 2026 (ended Jun 30, 2026), down 2.8% from a year earlier and down 29.5% from the prior quarter. For the full fiscal 2025 it was $227.62M, up 63.6% from fiscal 2024. Compound annual growth was +25.3% over 5 years and +24.2% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

COFS net incomeQ2 2026$12.46M

Quarter YoY
-7.9%
QoQ
-9.1%
FY YoY
+5.4%
5Y CAGR
+12.5%
10Y CAGR
+17.2%

COFS net income was $12.46M in fiscal Q2 2026 (ended Jun 30, 2026), down 7.9% from a year earlier and down 9.1% from the prior quarter. For the full fiscal 2025 it was $28.18M, up 5.4% from fiscal 2024. Compound annual growth was +12.5% over 5 years and +17.2% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

COFS EPSQ2 2026$0.83

Quarter YoY
-7.8%
QoQ
-8.8%

COFS diluted EPS was $0.83 in fiscal Q2 2026 (ended Jun 30, 2026), down 7.8% from a year earlier and down 8.8% from the prior quarter. For the full fiscal 2025 it was $2.01.

COFS free cash flowQ2 2026$27.13M

Quarter YoY
+176.7%
FY YoY
-44.5%
5Y CAGR
+30.6%
10Y CAGR
+24.0%

COFS free cash flow was $27.13M in fiscal Q2 2026 (ended Jun 30, 2026), up 176.7% from a year earlier. For the full fiscal 2025 it was $25.19M, down 44.5% from fiscal 2024. Compound annual growth was +30.6% over 5 years and +24.0% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$227.62M$139.10M$113.89M$89.13M$79.83M$73.77M$36.94M$28.98M$28.37M$27.22M
Interest expense--$33.09M$7.75M$3.98M$4.64M$4.70M$2.46M$1.48M$969.0K
Pre-tax income$34.19M$33.09M$25.57M$27.66M$26.50M$18.89M$8.46M$8.49M$8.55M$8.25M
Income tax$6.01M$6.36M$4.31M$4.02M$4.46M$3.27M$1.29M$1.16M$2.39M$2.16M
Net income$28.18M$26.73M$21.26M$23.64M$22.04M$15.61M$7.17M$7.33M$6.17M$6.09M
EPS, basic$2.02$3.27$2.82$3.15$2.87$2.08$1.58$2.03$1.70$1.68
EPS, diluted$2.01$3.25$2.82$3.15$2.86$2.07$1.58$2.02$1.70$1.68
Diluted shares14.0M8.2M7.6M7.5M7.7M7.5M4.5M3.6M3.6M3.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$87.99M$96.75M$55.43M$43.94M$31.89M$79.52M$59.56M$19.69M$36.84M$14.81M
Goodwill$129.85M$59.95M$59.95M$59.95M$59.95M$60.51M$52.87M$13.73M$13.73M$13.73M
Total assets$4.41B$2.72B$2.58B$2.39B$2.37B$1.92B$1.39B$670.54M$646.54M$607.37M
Total liabilities$3.95B$2.46B$2.38B$2.22B$2.15B$1.69B$1.19B$590.07M$569.99M$535.67M
Shareholders' equity$465.35M$260.42M$195.63M$160.83M$221.67M$227.27M$192.14M$80.48M$76.55M$71.70M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$31.81M$47.08M$46.33M$44.33M$37.70M$8.48M$9.20M$9.96M$8.09M$10.93M
Capital expenditures$6.63M$1.71M$4.23M$1.16M$2.76M$1.85M$766.0K$4.21M$1.66M$1.82M
Free cash flow$25.19M$45.38M$42.10M$43.16M$34.94M$6.63M$8.44M$5.75M$6.43M$9.11M
Investing cash flow$106.69M-$96.34M-$181.22M-$89.81M-$521.37M-$250.75M$36.35M-$43.85M-$18.30M-$41.48M
Financing cash flow-$147.26M$90.58M$146.37M$57.54M$436.04M$262.23M-$5.69M$16.75M$32.24M$34.17M
Dividends paid$16.95M$9.01M$7.91M$7.58M$7.20M$6.17M$5.82M$2.58M$2.32M$2.23M
Share repurchases$2.68M$0$0$682.0K$7.79M$0$67.0K$523.0K$203.0K$794.0K
Stock-based compensation$883.0K$720.0K$1.00M$958.0K$812.0K$512.0K$373.0K$344.0K$317.0K$380.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY63.6%22.1%27.8%11.6%8.2%99.7%27.5%2.1%4.2%4.5%
Net income growth, YoY5.4%25.7%-10.1%7.2%41.2%117.7%-2.2%18.9%1.3%6.0%
EPS growth, YoY-15.2%-10.5%10.1%38.2%--21.8%18.8%1.2%1.2%
Net margin12.4%19.2%18.7%26.5%27.6%21.2%19.4%25.3%21.7%22.4%
Free cash flow margin11.1%32.6%37.0%48.4%43.8%9.0%22.8%19.8%22.7%33.5%
Return on equity6.1%10.3%10.9%14.7%9.9%6.9%3.7%9.1%8.1%8.5%
Return on assets0.6%1.0%0.8%1.0%0.9%0.8%0.5%1.1%1.0%1.0%

Source: XBRL data ChoiceOne Financial Services Inc. files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

COFS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
COFS$205.94M+38.4%$54.72M26.6%$557.7M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

COFS FAQ

7 questions
  • What is COFS revenue?
    ChoiceOne Financial Services Inc. (COFS) reported $205.94M of revenue for the twelve months ended Jun 30, 2026. That is up 38.4% from the year before. Revenue for fiscal 2025 was $227.62M.
  • Is COFS profitable?
    Yes. ChoiceOne Financial Services Inc. earned $54.72M in net income for the twelve months ended Jun 30, 2026, a net margin of 26.6%.
  • How much cash and debt does COFS have?
    ChoiceOne Financial Services Inc. reported $88.65M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is COFS revenue growing?
    ChoiceOne Financial Services Inc.'s revenue changed +63.6% in fiscal 2025, to $227.62M. Its compound annual growth rate was +25.3% over 5 years and +24.2% over 10 years.
  • What is COFS free cash flow?
    ChoiceOne Financial Services Inc. generated $51.04M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $59.09M less capital expenditures.
  • When did COFS last report financial results?
    The latest statements here come from ChoiceOne Financial Services Inc.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this COFS financial data come from?
    Quantisnow builds these statements from the structured XBRL data ChoiceOne Financial Services Inc. files with the SEC. It is provided for information only and is not investment advice.