Choiceone Finl Svcs Inc Financials
This page shows Choiceone Finl Svcs Inc (COFS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 shows a much larger balance sheet producing only slightly more profit, with per-share earnings diluted by expansion.
From FY2023 to FY2025, total assets expanded from$2.6B to$4.4B and equity more than doubled, yet return on assets slipped from0.8% to0.6% and diluted EPS fell from$2.82 to$2.01 . That combination says the company became materially larger but not proportionally more productive, so the benefit of scale was offset by a heavier capital base and many more shares.
Even after that expansion, liabilities still fund most of the balance sheet: FY2025 liabilities were
A second shift is in cash conversion quality: reported operating cash flow stayed above net income in each of the last three years, but the cushion narrowed in FY2025 to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Choiceone Finl Svcs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Choiceone Finl Svcs Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Choiceone Finl Svcs Inc generates $1.13 in operating cash flow ($31.8M OCF vs $28.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Choiceone Finl Svcs Inc generated $227.6M in revenue in fiscal year 2025. This represents an increase of 63.6% from the prior year.
Choiceone Finl Svcs Inc reported $28.2M in net income in fiscal year 2025. This represents an increase of 5.4% from the prior year.
Choiceone Finl Svcs Inc earned $2.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 38.2% from the prior year.
Cash & Balance Sheet
Choiceone Finl Svcs Inc generated $25.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 44.5% from the prior year.
Choiceone Finl Svcs Inc held $88.0M in cash against $0 in long-term debt as of fiscal year 2025.
Choiceone Finl Svcs Inc paid $1.13 per share in dividends in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Choiceone Finl Svcs Inc had 15M shares outstanding in fiscal year 2025. This represents an increase of 67.3% from the prior year.
Margins & Returns
Choiceone Finl Svcs Inc's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.8 percentage points from the prior year.
Choiceone Finl Svcs Inc's ROE was 6.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.
Capital Allocation
Choiceone Finl Svcs Inc spent $2.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Choiceone Finl Svcs Inc invested $6.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 288.5% from the prior year.
COFS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.1M-65.8% | $172.6M+3166.6% | $5.3M+9.7% | $4.8M-89.3% | $44.9M-55.2% | $100.1M+2887.0% | $3.4M+5.7% | $3.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $14.1M-3.4% | $14.6M+3.1% | $14.1M+2.9% | $13.7M+33.1% | $10.3M+15.4% | $8.9M+6.8% | $8.4M+1.3% | $8.3M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $16.6M-5.1% | $17.5M+2.5% | $17.1M-2.9% | $17.6M+29.0% | $13.6M+16.8% | $11.7M+2.2% | $11.4M-1.1% | $11.6M |
| Income Tax | $3.0M+1.9% | $2.9M-19.9% | $3.6M+16.3% | $3.1M+185.0% | -$3.7M-324.9% | $1.6M-14.8% | $1.9M+21.1% | $1.6M |
| Net Income | $13.7M-1.2% | $13.9M-5.5% | $14.7M+8.5% | $13.5M+197.3% | -$13.9M-294.2% | $7.2M-2.6% | $7.3M+11.6% | $6.6M |
| EPS (Diluted) | $0.91 | N/A | $0.97+7.8% | $0.90+169.8% | $-1.29 | N/A | $0.85-2.3% | $0.87 |
COFS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B-0.4% | $4.4B+2.6% | $4.3B-0.3% | $4.3B+0.1% | $4.3B+58.1% | $2.7B0.0% | $2.7B+2.0% | $2.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $84.2M-4.3% | $88.0M-11.1% | $99.0M-36.7% | $156.3M+12.1% | $139.4M+44.1% | $96.8M-33.7% | $145.9M+44.5% | $101.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $129.9M0.0% | $129.9M+2.5% | $126.7M0.0% | $126.7M0.0% | $126.7M+111.4% | $59.9M0.0% | $59.9M0.0% | $59.9M |
| Total Liabilities | $3.9B-0.5% | $3.9B+2.5% | $3.8B-0.8% | $3.9B0.0% | $3.9B+57.5% | $2.5B-0.6% | $2.5B+2.9% | $2.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $470.0M+1.0% | $465.4M+3.5% | $449.6M+4.1% | $431.8M+1.1% | $427.1M+64.0% | $260.4M+5.1% | $247.7M+15.5% | $214.5M |
| Retained Earnings | $112.0M+9.1% | $102.6M+10.2% | $93.1M+12.7% | $82.6M+12.7% | $73.3M-19.8% | $91.4M+5.4% | $86.8M+6.0% | $81.8M |
COFS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$177K-101.3% | $14.0M-8.2% | $15.3M+28.7% | $11.9M+226.5% | -$9.4M-140.2% | $23.4M+417.9% | -$7.4M-146.7% | $15.7M |
| Capital Expenditures | $1.5M-28.0% | $2.1M+32.3% | $1.6M-22.9% | $2.1M+148.5% | $835K+26.7% | $659K+160.5% | $253K-47.6% | $483K |
| Free Cash Flow | -$1.7M-114.3% | $11.9M-13.0% | $13.7M+39.7% | $9.8M+195.9% | -$10.2M-145.0% | $22.7M+398.7% | -$7.6M-149.9% | $15.3M |
| Investing Cash Flow | $14.6M+112.3% | -$118.2M-180.7% | -$42.1M-690.5% | $7.1M-97.3% | $259.9M+733.9% | -$41.0M+30.9% | -$59.4M-1546.9% | -$3.6M |
| Financing Cash Flow | -$18.2M-119.5% | $93.2M+405.8% | -$30.5M-1315.6% | -$2.2M+99.0% | -$207.8M-558.3% | -$31.6M-128.3% | $111.6M+282.3% | -$61.3M |
| Dividends Paid | $4.3M-0.3% | $4.3M+3.5% | $4.2M0.0% | $4.2M+0.3% | $4.2M+67.0% | $2.5M+3.8% | $2.4M+18.3% | $2.0M |
| Share Buybacks | $1.4M | N/A | N/A | N/A | $2.1M | N/A | N/A | N/A |
COFS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 23.2%+15.2pp | 8.0%-269.8pp | 277.8%-3.1pp | 280.9%+311.9pp | -31.0%-38.1pp | 7.1%-212.1pp | 219.3%+11.5pp | 207.8% |
| Return on Equity | 2.9%-0.1pp | 3.0%-0.3pp | 3.3%+0.1pp | 3.1%+6.4pp | -3.3%-6.0pp | 2.8%-0.2pp | 3.0%-0.1pp | 3.1% |
| Return on Assets | 0.3%0.0pp | 0.3%-0.0pp | 0.3%+0.0pp | 0.3%+0.6pp | -0.3%-0.6pp | 0.3%-0.0pp | 0.3%+0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.35-0.1 | 8.48-0.1 | 8.56-0.4 | 8.98-0.1 | 9.08-0.4 | 9.46-0.5 | 10.00-1.2 | 11.23 |
| FCF Margin | -2.9%-9.8pp | 6.9%-252.2pp | 259.1%+55.6pp | 203.5%+226.3pp | -22.8%-45.5pp | 22.7%+249.8pp | -227.1%-708.2pp | 481.2% |
Similar Companies
Frequently Asked Questions
What is Choiceone Finl Svcs Inc's annual revenue?
Choiceone Finl Svcs Inc (COFS) reported $227.6M in total revenue for fiscal year 2025. This represents a 63.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Choiceone Finl Svcs Inc's revenue growing?
Choiceone Finl Svcs Inc (COFS) revenue grew by 63.6% year-over-year, from $139.1M to $227.6M in fiscal year 2025.
Is Choiceone Finl Svcs Inc profitable?
Yes, Choiceone Finl Svcs Inc (COFS) reported a net income of $28.2M in fiscal year 2025, with a net profit margin of 12.4%.
What is Choiceone Finl Svcs Inc's net profit margin?
Choiceone Finl Svcs Inc (COFS) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Choiceone Finl Svcs Inc pay dividends?
Yes, Choiceone Finl Svcs Inc (COFS) paid $1.13 per share in dividends during fiscal year 2025.
What is Choiceone Finl Svcs Inc's return on equity (ROE)?
Choiceone Finl Svcs Inc (COFS) has a return on equity of 6.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Choiceone Finl Svcs Inc's free cash flow?
Choiceone Finl Svcs Inc (COFS) generated $25.2M in free cash flow during fiscal year 2025. This represents a -44.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Choiceone Finl Svcs Inc's operating cash flow?
Choiceone Finl Svcs Inc (COFS) generated $31.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Choiceone Finl Svcs Inc's total assets?
Choiceone Finl Svcs Inc (COFS) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Choiceone Finl Svcs Inc's capital expenditures?
Choiceone Finl Svcs Inc (COFS) invested $6.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Choiceone Finl Svcs Inc's debt-to-equity ratio?
Choiceone Finl Svcs Inc (COFS) had a debt-to-equity ratio of 8.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Choiceone Finl Svcs Inc's return on assets (ROA)?
Choiceone Finl Svcs Inc (COFS) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Choiceone Finl Svcs Inc's Piotroski F-Score?
Choiceone Finl Svcs Inc (COFS) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Choiceone Finl Svcs Inc's earnings high quality?
Choiceone Finl Svcs Inc (COFS) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Choiceone Finl Svcs Inc?
Choiceone Finl Svcs Inc (COFS) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.