COFS

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ChoiceOne Financial Services, Inc.

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Key Metrics

Previous Close: $33.23
52-Week Range: $26.10 – $35.40
Market Cap: $497.12M
P/E (TTM): 8.79
EPS (TTM): 3.78
Dividend Yield: 3.49%

Advanced Metrics

Price/Book: 1.03
PEG Ratio: -1.29
Return on Equity: 11.97%
Return on Assets: 1.25%
Gross Margin: 0.00%
Operating Margin: 41.75%
Profit Margin: 32.20%
Current Ratio: —
Debt/Equity: —
Total Debt: $344.34M
Free Cash Flow: —
Revenue Growth: -2.60%
Earnings Growth: -7.80%
Enterprise Value: $751.06M

COFS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$81.39M	$80.79M	$92.44M	$161.74M
Selling, General & Admin	$31.88M	$33.87M	$35.53M	$55.73M
Pretax Income	$27.66M	$25.57M	$33.09M	$34.19M
Income Tax	$4.02M	$4.31M	$6.36M	$6.01M
Net Income	$23.64M	$21.26M	$26.73M	$28.18M
Diluted EPS	3.15	2.82	3.25	2.01
Diluted Shares	7.50M	7.54M	8.22M	14.02M

COFS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$43.94M	$55.43M	$96.75M	$87.99M
Total Assets	$2.39B	$2.58B	$2.72B	$4.41B
Long-Term Debt	$35.26M	$215.51M	$55.75M	$68.46M
Total Debt	$85.26M	$235.51M	$210.75M	$313.46M
Total Liabilities	$2.22B	$2.38B	$2.46B	$3.95B
Retained Earnings	$68.39M	$73.70M	$91.41M	$102.64M
Shareholders' Equity	$168.87M	$195.63M	$260.42M	$465.35M
Net Debt	$41.32M	$180.07M	$114.00M	$225.47M

COFS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$44.33M	$46.33M	$47.08M	$31.81M
Capital Expenditure	-$1.16M	-$4.23M	-$1.71M	-$6.63M
Free Cash Flow	$43.16M	$42.10M	$45.38M	$25.19M
Depreciation & Amortisation	$13.34M	$12.43M	$12.33M	$19.87M
Stock-Based Compensation	$958.00K	$1.00M	$720.00K	$883.00K
Investing Cash Flow	-$89.81M	-$181.22M	-$96.34M	$106.69M
Financing Cash Flow	$57.54M	$146.37M	$90.58M	-$147.26M
Dividends Paid	-$7.58M	-$7.91M	-$9.01M	-$16.95M
Share Repurchases	-$682.00K	$0.00	$0.00	-$2.68M
Net Change in Cash	$12.06M	$11.49M	$41.32M	-$8.76M

COFS Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$42.83M	$44.74M	$42.94M	$42.46M	—
Selling, General & Admin	$14.54M	$14.86M	$15.29M	$14.90M	—
Pretax Income	$16.67M	$18.33M	$16.79M	$16.68M	—
Income Tax	$3.13M	$3.65M	$2.92M	$2.98M	—
Net Income	$13.53M	$14.68M	$13.87M	$13.70M	—
Diluted EPS	0.90	0.97	0.92	0.91	0.83
Diluted Shares	15.04M	15.06M	15.07M	15.04M	15.02M

COFS Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$139.42M	$156.28M	$98.98M	$87.99M	$84.22M
Total Assets	$4.31B	$4.31B	$4.30B	$4.41B	$4.39B
Long-Term Debt	$98.19M	$223.00M	$196.37M	$68.46M	$48.55M
Total Debt	$185.52M	$246.71M	$246.37M	$313.46M	$233.55M
Total Liabilities	$3.88B	$3.88B	$3.85B	$3.95B	$3.92B
Retained Earnings	$73.32M	$82.65M	$93.12M	$102.64M	$112.01M
Shareholders' Equity	$427.07M	$431.76M	$449.62M	$465.35M	$470.00M
Net Debt	$46.09M	$90.42M	$147.39M	$225.47M	$149.33M

COFS Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$9.39M	$11.88M	$15.29M	$14.03M	-$177.00K
Capital Expenditure	-$835.00K	-$2.08M	-$1.60M	-$2.12M	-$1.52M
Free Cash Flow	-$10.23M	$9.80M	$13.69M	$11.92M	-$1.70M
Depreciation & Amortisation	$3.63M	$5.41M	$5.50M	$5.32M	$4.93M
Stock-Based Compensation	$190.00K	$192.00K	$242.00K	$259.00K	$298.00K
Investing Cash Flow	$259.90M	$7.13M	-$42.12M	-$118.23M	$14.56M
Financing Cash Flow	-$207.84M	-$2.15M	-$30.48M	$93.20M	-$18.16M
Dividends Paid	-$4.19M	-$4.20M	-$4.20M	-$4.35M	-$4.34M
Share Repurchases	-$2.06M	—	—	-$628.00K	-$1.44M
Net Change in Cash	$42.67M	$16.86M	-$57.30M	-$10.99M	-$3.77M

Market Snapshot

About

ChoiceOne Financial Services, Inc. is the bank holding company for ChoiceOne Bank, a community bank serving customers in Michigan. Headquartered in Sparta, Michigan, the company provides traditional banking products and services including checking and savings accounts, residential and commercial mortgages, commercial lending, and wealth management services. ChoiceOne operates through multiple branch locations across west and central Michigan, focusing on relationship banking and serving individuals, small businesses, and agricultural customers. The company emphasizes community involvement and personalized financial services.