MARKETS / NASDAQ / Financials / Banks / COFS

NASDAQ · STATE COMMERCIAL BANKS · MID CAP

Choiceone Financial Services Inc. COFS

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$227.6M

▲ 63.6% YoY

Net income

$28.2M

▲ 5.4% YoY

Free cash flow

$25.2M

▼ 44.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

ChoiceOne Financial Services, Inc. (the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (“BHC Act”). The Company was incorporated on February 24, 1986, as a Michigan corporation. The Company was formed to create a bank holding company for the purpose of acquiring all of the capital stock of ChoiceOne Bank, which became a wholly owned subsidiary of the Company on April 6, 1987. On March 1, 2025, the Company completed the merger (the “Merger”) of Fentura Financial, Inc. (“Fentura”), the former parent company of The State Bank, with and into the Company with the Company surviving the merger. The Company's business is primarily concentrated in a single industry segment, banking. ChoiceOne Bank (referred to as the “Bank”) is a full-service banking institution that offers a variety of deposit, payment, credit and other financial services to all types of customers.

Written from the business description in ChoiceOne Financial Services, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth

USD 227.6M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 227.6 · Net income 28.2

100M200M

2009201220152018202120242025

Compound annual growth

Revenue

+36.7%

Net income

+6.0%

+12.5%

+17.2%

+16.9%

Returned to shareholders

+32.3%

+24.9%

+23.2%

+18.0%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.0% · Net 12.4%

10%20%30%

200920172025

ROE

FY2025 · ROE 7.8%

5%10%

200920172025

Three returns, three denominators.

Return on equity7.8%

Return on assets0.8%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin15.0%

Net margin12.4%

EBITDAUSD 37.8M

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 18.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 25.2

20M40M

200920172025

Net buybacks $M Dividends $M

FY2025 · Dividends 16.9 · Net buybacks 1.8

10M20MDividendsNet buybacks

200920112013201520172019202120232025

Dividends paidUSD 16.9M

Net buybacksUSD 1.8M

Share of profit66.5%

Consecutive raises·

USD 16.9M in dividends and USD 1.8M in buybacks — 66% of the year's profit went back to shareholders.

Total assetsUSD 4.4B

EquityUSD 465.4M

CashUSD 88.0M

DepositsUSD 3.6B

Equity funds 11% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

COFS, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.2	0.1	0.1	0.1	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Operating income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Net income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	2.01	3.25	2.82	3.15	2.86	2.07	1.58	2.02	1.70	1.68	1.66	1.72	1.54	1.29	1.07	0.83	0.45
Dividend / sh $	1.13	1.09	1.05	1.01	0.94	0.82	1.40	0.71	0.64	0.62	0.63	0.59	0.54	0.50	0.48	0.48	0.48
Payout %	60	34	37	32	33	40	81	35	38	37	38	34	35	39	45	58	106
ROE %	7.8	11.7	11.9	12.4	9.8	7.4	5.3	9.3	8.3	8.6	8.4	8.9	8.3	7.2	6.3	5.1	2.8
Shares out B	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the share count is not tagged before 2010. Three checks were skipped: the balance sheet is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityState Commercial Banks

Listed onNASDAQ

Incorporated inMichigan

Fiscal year endsDecember 31

Data on record since2009

Choiceone Financial Services Inc. COFS

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 17-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders