COFS Research | Milton Maxwell

COFS

ChoiceOne Financial Services, Inc.

31.94

+0.08+0.25%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ Jan 28, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

479.86M

P/E (TTM)

17.36

Basic EPS (TTM)

1.84

Dividend Yield

0.04%

Recent Filings

10-Q

11/10/25Nov 10, 2025

8-K

Q3 2025 investor update

11/6/25Nov 6, 2025

ChoiceOne released its Q3 2025 investor presentation on November 6, revealing post-Fentura merger scale with $4.3B assets, $3.6B deposits, and $2.9B loans as of September 30. ROAA hit 1.36% and ROAE 13.39%, fueled by 3.77% NIM while absorbing merger impacts. Assets quadrupled organically. CRE exposure tops 275% of capital.

8-K

Q3 earnings double post-merger

10/24/25Oct 24, 2025

ChoiceOne posted Q3 net income of $14.7M, up from $7.3M last year, with net interest income surging to $37.6M from $20.2M thanks to the March Fentura merger that added $1.4B loans and boosted NIM to 3.73%. No further merger costs expected. Core loans grew organically 4.5% over 12 months. Asset quality holds firm at 0.69% NPLs.

10-Q

Q2 FY2025 results

8/8/25Aug 8, 2025

ChoiceOne's Q2 net income hit $13.5M, up from $6.6M y/y, on net interest income jumping to $36.3M (nearly doubled) from merger-driven loan growth to $2.9B core loans and $3.5M accretion income. Yet YTD swung to a $0.4M loss from merger expenses ($17.4M) and $13.8M credit provision (including $12M Non-PCD day-one), reconciled to diluted EPS $(0.03) on 12.9M shares. Closed Fentura merger March 2025 for $193M stock consideration, recognizing $66.8M goodwill and $34.7M intangibles (10-year life). Cash swelled to $156M; FHLB debt $195M at 4.36% with $213M availability. Solid asset quality at 0.66% nonperformers. Loan growth persists.

8-K

Q2 profit surges post-merger

7/25/25Jul 25, 2025

ChoiceOne posted Q2 net income of $13.5M, up from $6.6M last year, fueled by the March 1 Fentura merger that added $1.4B in core loans and boosted net interest income to $36.3M with NIM at 3.66%. Merger costs now taper off. Core loans grew organically 10% over 12 months. Asset quality holds firm.

About

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services in Michigan. The company offers time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers sells insurance policies, such as life and health for commercial and consumer clients; and alternative investment products, which include annuities and mutual funds through a registered broker, as well as owns intellectual property for a fintech product. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

CEO

Mr. Kelly J. Potes CFP

IPO

6/21/2001

Website

https://www.choiceone.bank

Employees

573

Sector

Financial Services

Industry

Banks - Regional