Saturday 17 October 2026 Export COFS’s income statement to Excel — free account

ChoiceOne Financial Services, Inc.

ChoiceOne Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $227.6 million, up 63.6% from fiscal 2024. In the quarter to June 2026, revenue fell 2.56%, EPS fell 7.78%, free cash flow grew 165.2% and total debt rose 39.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

33.15 0.23 +0.70%

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Market cap: $492.3M
P/E: 9.1×
Fwd P/E: 8.8×
Dividend yield: 3.50%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.40

Total sells 0.44

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	2	4	—	—	—	—	—	—	—
Sell	—	—	—	1	—	—	—	—	—	—	—	—

Insider Ownership 6.97%

Capital & Financial Ratios $m

Market Cap 492.34

Revenue 240.29

Net Income 54.72

Free Cash Flow 52.25

Net Debt 254.85

Current Ratio 0.87

Debt/Equity 0.71

P/E ratio 9.11

Fwd P/E 8.83

P/S ratio 2.06

P/B ratio 1.03

Past 5Y EPS Growth (0.59%)

This Y EPS Growth 0.54%

Next Y EPS Growth 0.63%

Next Y revenue growth (23.21%)

Next 5Y EPS Growth 2.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 23.22%

10-year low 10-year high

P/S against its own 10 years 28.82%

10-year low 10-year high

P/B against its own 10 years 52.45%

10-year low 10-year high

Dividends

Payout Ratio 0.32

Annual Dividend Rate 1.16

Annual Dividend Yield 3.50%

	total	individual payouts
2027	Powerpack
2026	1.17	0.29 0.29 0.29
2025	1.13	0.28 0.28 0.28 0.29
2024	1.09	0.27 0.27 0.27 0.28
2023	1.05	0.26 0.26 0.26 0.27
2022	1.01	0.25 0.25 0.25 0.26
2021	0.94	0.22 0.22 0.25 0.25
2020	0.82	0.20 0.20 0.20 0.22
2019	0.80	0.20 0.20 0.20 0.20
2018	0.71	0.17 0.18 0.18 0.18
2017	0.64	0.15 0.16 0.16 0.16
2016	0.62	0.15 0.15 0.15 0.15

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	55	97	88	89
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,455	1,633	3,082	3,130

	2023	2024	2025	Q'26
Payables	2,122	2,214	3,600	3,602
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,122	2,214	3,600	3,602

Compound Annual Growth %

	10y	5y	3y
Sales	23.74%	23.76%	36.69%
Cash Flow	23.11%	30.28%	(10.47%)
Earnings	17.24%	12.53%	6.03%
Book Value	20.88%	15.41%	40.20%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	59	59	—	—	—
’25	45	60	62	60	228
’24	32	34	37	36	139
’23	25	27	30	32	114
’22	21	21	22	24	89
’21	21	20	21	21	84
’20	17	20	21	21	78

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	30	—	—	—
’25	(9)	12	15	14	32
’24	15	16	(7)	23	47
’23	9	16	32	(11)	46
’22	3	20	10	12	44
’21	2	15	12	8	38
’20	(2)	(3)	(15)	29	8

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	28	—	—	—
’25	(10)	10	14	12	26
’24	15	15	(8)	23	46
’23	8	15	31	(12)	42
’22	2	19	9	12	43
’21	1	15	12	8	35
’20	(3)	(3)	(16)	28	7

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.91	0.83	—	—	—
’25	(1.29)	0.90	0.97	0.92	2.01
’24	0.74	0.87	0.86	0.79	3.25
’23	0.75	0.69	0.68	0.70	2.82
’22	0.74	0.75	0.77	0.89	3.15
’21	0.80	0.65	0.75	0.66	2.86
’20	0.45	0.61	0.49	0.52	2.07

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.37	20.41	21.39	24.50	16.86	22.76	19.20	15.84	21.52	24.89	Analyst estimates 2026–2028 Powerpack
	High	21.77	22.95	29.99	32.99	34.00	31.45	29.99	32.14	38.15	36.26
People
People	Employees	160	173	174	339	359	386	402	389	392	598
	Revenue/emp, $m	0.18	0.17	0.18	0.12	0.22	0.22	0.22	0.29	0.35	0.38
Income, $m
Income, $m	Revenue	28	30	31	42	78	84	89	114	139	228
	Gross margin, %	96.56	95.05	92.17	88.71	94.08	95.25	91.31	70.94	66.45	71.05
	EBT	8	9	8	8	19	26	28	26	33	34
	EBT margin, %	29.27	28.66	26.99	20.33	24.08	31.62	31.03	22.45	23.79	15.02
	Net income	6	6	7	7	16	22	24	21	27	28
	Depreciation	3	2	2	3	8	12	13	11	11	7
Per share, $
Per share, $	Revenue	7.78	8.24	8.70	9.19	10.42	10.91	11.88	15.12	17.03	16.33
	Earnings	1.68	1.70	2.03	1.58	2.08	2.87	3.15	2.82	3.27	2.02
	Cash flow	3.02	2.23	2.75	2.03	1.13	4.91	5.91	6.15	5.77	2.28
	Capex	(0.50)	(0.46)	(1.16)	(0.17)	(0.25)	(0.36)	(0.16)	(0.54)	(0.17)	(0.40)
	Free cash flow	2.51	1.78	1.59	1.86	0.88	4.55	5.75	5.61	5.60	1.88
	Book value	19.78	21.14	22.27	42.42	30.21	28.84	22.50	25.97	31.89	33.38
	Shares, m	4	4	4	5	8	8	8	8	8	14
Valuation, ×
Valuation, ×	P/E	12.82	13.31	12.32	20.18	14.81	9.23	8.90	10.77	10.87	19.68
	P/S	2.77	2.75	2.87	3.48	2.96	2.43	2.36	2.01	2.09	1.81
	P/B	1.09	1.07	1.12	0.75	1.02	0.92	1.25	1.17	1.12	0.88
	EV/Sales	2.68	2.19	2.41	2.84	2.10	3.06	2.82	3.59	2.91	2.80
	EV/FCF	8.30	10.18	13.20	14.03	24.85	7.35	5.83	9.68	8.86	24.26
Cash, $m
Cash, $m	Operating cash flow	11	8	10	9	8	38	44	46	47	32
	Capex	(2)	(2)	(4)	(1)	(2)	(3)	(1)	(4)	(1)	(6)
	Free cash flow	9	6	6	8	7	35	43	42	46	26
Balance, $m
Balance, $m	Working capital	(139)	(114)	(157)	(294)	(520)	(1,002)	(887)	(667)	(581)	(518)
	Total debt	12	20	5	33	12	85	85	236	211	313
	Net debt	(3)	(17)	(14)	(26)	(67)	53	41	180	114	225
	Shareholders’ equity	72	77	80	192	227	222	169	196	260	465
Returns, %
Returns, %	ROA	1.04	0.98	1.11	0.70	0.94	1.03	0.99	0.86	1.01	0.79
	ROIC	7.45	8.91	8.04	3.19	7.37	6.03	8.22	4.25	5.70	4.67
	ROE	8.61	8.32	9.34	5.26	7.45	9.82	12.11	11.67	11.72	7.76

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BSVN Bank7 Corp.	$528.6M	13.1×	10.1×	−7.40% (below 0%: shrinking)	−25.42% (below 0%: shrinking)	+20.62% (above 0%: growing)	71.74%	0.00%	Compare
BWFG Bankwell Financial Group, Inc.	$519.5M	12.1×	9.9×	+9.58% (above 0%: growing)	+33.62% (above 0%: growing)	+64.68% (above 0%: growing)	59.05%	0.00%	Compare
HBCP Home Bancorp, Inc.	$518.5M	10.9×	11.0×	+1.51% (above 0%: growing)	+1.36% (above 0%: growing)	+15.46% (above 0%: growing)	74.76%	0.00%	Compare
BSRR Sierra Bancorp	$507.5M	11.6×	10.5×	−3.43% (below 0%: shrinking)	−1.28% (below 0%: shrinking)	+114.97% (above 0%: growing)	78.74%	0.00%	Compare
WTBA West Bancorporation, Inc.	$493.3M	12.9×	9.3×	+1.39% (above 0%: growing)	+38.30% (above 0%: growing)	+10.26% (above 0%: growing)	55.06%	0.00%	Compare
OBT Orange County Bancorp, Inc.	$492.5M	10.5×	10.3×	−16.27% (below 0%: shrinking)	+17.24% (above 0%: growing)	+491.65% (above 0%: growing)	81.95%	0.00%	Compare
COFS ChoiceOne Financial Services, Inc.	$492.3M	9.1×	8.8×	−2.56% (below 0%: shrinking)	−7.78% (below 0%: shrinking)	+165.17% (above 0%: growing)	70.71%	0.00%
PDLB Ponce Financial Group, Inc.	$488.1M	14.2×	1.8×	+10.97% (above 0%: growing)	+38.46% (above 0%: growing)	+35.79% (above 0%: growing)	59.40%	0.00%	Compare
FMAO Farmers & Merchants Bancorp Inc.	$483.7M	12.2×	10.0×	+7.70% (above 0%: growing)	+53.57% (above 0%: growing)	+2,792.25% (above 0%: growing)	67.25%	0.00%	Compare
Median of peers	$500.4M	12.2×	10.0×	+1.45%	+25.43%	+50.24%	69.50%	0.00%

All 323 Banks Regional stocks →

ChoiceOne Financial Services, Inc. (COFS) key facts

Strength: ChoiceOne Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $227.6 million, up 63.6% from fiscal 2024.
ChoiceOne Financial Services, Inc. (COFS) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, COFS traded at $33.15, a market capitalization of $492.3 million.
ChoiceOne Financial Services, Inc. pays an annual dividend of $1.16 per share, a yield of 3.50%, with a payout ratio of 32.0%.
Return on equity was 7.76% and debt-to-equity 0.71.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.