COFS
CHOICEONE FINANCIAL SERVICES INC
NASDAQ · Financial Services · Banks - Regional · US
$37.61
+3.75%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 183.3M | 192.9M | 139.1M | 113.9M | 89.1M |
| Cost of Revenue | 69.8M | 80.7M | 47.3M | 33.2M | 8.0M |
| Gross Profit | 113.5M | 112.2M | 91.8M | 80.6M | 81.1M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 19.0M | 62.1M | 35.5M | 33.9M | 31.9M |
| General & Admin Expense | 18.0M | 62.1M | 34.7M | 33.1M | 31.1M |
| Selling & Marketing Expense | 1.1M | — | 788.0K | 721.0K | 764.0K |
| Other Expenses | 59.9M | 15.9M | 23.2M | 21.2M | 21.6M |
| Total Operating Expenses | 79.0M | 78.0M | 58.7M | 55.1M | 53.5M |
| Cost and Expenses | 148.7M | 158.7M | 106.0M | 88.3M | 61.5M |
| Operating Income (EBIT) | 34.5M | 34.2M | 33.1M | 25.6M | 27.7M |
| Non-Operating | |||||
| Interest Income | 110.1M | 203.0M | 121.1M | 99.0M | 75.1M |
| Interest Expense | 68.7M | 65.9M | 46.7M | 33.1M | 7.7M |
| Net Interest Income | 41.4M | 137.1M | 74.4M | 65.9M | 67.3M |
| Other Non-Op Income/Expense | 31.7M | — | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 66.2M | 34.2M | 33.1M | 25.6M | 27.7M |
| Income Tax Expense | 11.7M | 6.0M | 6.4M | 4.3M | 4.0M |
| Bottom Line | |||||
| Net Income | 54.6M | 28.2M | 26.7M | 21.3M | 23.6M |
| Earnings from Cont. Ops | 54.6M | 28.2M | 26.7M | 21.3M | 23.6M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 54.6M | 28.2M | 26.7M | 21.3M | 23.6M |
| Per Share | |||||
| Basic EPS | $3.63 | $2.02 | $3.27 | $2.82 | $3.15 |
| Diluted EPS | $3.63 | $2.01 | $3.25 | $2.82 | $3.15 |
| Revenue Per Share | $12.27 | $13.84 | $17.03 | $15.11 | $11.88 |
| Shares | |||||
| Basic Shares Outstanding | 14.9M | 13.9M | 8.2M | 7.5M | 7.5M |
| Diluted Shares Outstanding | 15.0M | 14.0M | 8.2M | 7.6M | 7.5M |
| Profitability Metrics | |||||
| EBITDA | 49.5M | 54.1M | 45.4M | 38.0M | 41.0M |
| D&A | 15.0M | 19.9M | 12.3M | 12.4M | 13.3M |
| EBIT | 34.5M | 34.2M | 33.1M | 25.6M | 27.7M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026