ChoiceOne Financial Services (COFS) Financial Statements & Analysis

ChoiceOne Financial Services (COFS) Income Statement

ChoiceOne Financial Services reported revenue of $192.89M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 111.7% from $91.11M a year earlier. Net income was $28.18M, up 5.4% year over year, a net margin of 14.6%. Gross margin was 58.2% and operating margin 17.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.25M, down 97.9% from the same quarter a year earlier.

ChoiceOne Financial Services Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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ChoiceOne Financial Services, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	192.89	91.11	80.79	89.13	79.42	78.41	41.64	31.45	28.94
Cost of Revenue	80.70	47.29	33.25	8.00	4.39	8.64	4.70	2.50	1.96
Gross Profit	112.19	91.81	80.64	81.14	79.42	69.77	36.94	28.95	26.98
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	62.05	16.98	33.87	31.88	16.83	27.58	14.97	11.49	10.75
Operating Expenses	78.00	58.72	55.07	53.48	52.92	50.88	28.48	20.46	18.43
Operating Income	34.19	33.09	25.57	27.66	26.50	18.89	8.47	8.49	8.56
Other Income/Expense
Interest Income	202.96	121.10	98.98	75.06	64.62	55.72	32.47	24.53	22.04
Interest Expense	65.89	46.66	33.10	7.75	3.98	4.64	4.70	2.46	1.48
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	34.19	33.09	25.57	27.66	26.50	18.89	8.47	8.49	8.56
Income Tax Expense	6.01	6.36	4.31	4.02	4.46	3.27	1.29	1.16	2.39
Net Income	28.18	26.73	21.26	23.64	22.04	15.61	7.17	7.33	6.17
Net Income - Continuous Operations	28.18	26.73	21.26	23.64	22.04	15.61	7.17	7.33	6.17
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	54.06	12.33	12.43	41.00	12.43	26.59	11.59	10.56	11.01
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	19.87	12.33	0.96	13.34	1.31	7.71	3.13	2.08	2.45
Earnings Per Share
Basic EPS	2.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00
Diluted EPS	2.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	13.94	8.17	7.54	7.51	7.69	7.51	4.54	3.63	3.62
Diluted Shares Outstanding	13.99	8.22	7.54	7.53	7.70	7.53	4.54	3.63	3.62

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ChoiceOne Financial Services Financial Statements

What was ChoiceOne Financial Services's revenue in fiscal 2025?

ChoiceOne Financial Services reported revenue of $192.89M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 111.7% from $91.11M a year earlier.

Is ChoiceOne Financial Services profitable?

Yes. ChoiceOne Financial Services earned net income of $28.18M in fiscal 2025, a net margin of 14.6%. In fiscal 2024 it earned $26.73M.

What is ChoiceOne Financial Services's operating margin?

ChoiceOne Financial Services's operating income was $34.19M on revenue of $192.89M in fiscal 2025, an operating margin of 17.7%, compared with 36.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition