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Choiceone Financial Services, Inc. - COFS STOCK NEWS

Welcome to our dedicated news page for Choiceone Financial Services (Ticker: COFS), a resource for investors and traders seeking the latest updates and insights on Choiceone Financial Services.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Choiceone Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Choiceone Financial Services's position in the market.

News
ChoiceOne Reports First Quarter 2024 Results
Rhea-AI Summary
ChoiceOne Financial Services, Inc. reported net income of $5.63 million for the first quarter of 2024, with diluted earnings per share at $0.74. The company experienced an increase in average total loan balances, deposits, and net interest margin. Despite a slight decline in core loans, ChoiceOne remains strong with well-managed expenses and a focus on core deposits and loans. The provision for credit losses increased slightly, but asset quality remains robust. ChoiceOne actively manages its liquidity and interest rate exposure through strategic measures. Shareholders' equity saw a significant increase, and the company remains well-capitalized with a total risk-based capital ratio of 12.6%. Noninterest income and expense both showed positive trends, with a decline in employee health insurance benefits and branch closures contributing to cost savings. ChoiceOne looks towards the future with optimism, focusing on customer trust and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
earnings
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News
CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS
Rhea-AI Summary
ChoiceOne Financial Services, Inc. declared a cash dividend of $0.27 per share for Q1 2024, payable on March 29, 2024. This dividend matches Q4 2023 and is $0.01 higher than Q1 2023. The company operates ChoiceOne Bank with 37 offices in Michigan. The stock is listed on NASDAQ under the symbol 'COFS'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
Tags
dividends
-
News
ChoiceOne Bank Now Accepting Annual Scholarship Applications
Rhea-AI Summary
ChoiceOne Bank (COFS) is now accepting applications for the Annual ChoiceOne Scholarship Program, awarding $1,000 scholarships to 12 students from the local communities the Bank serves in West and Southeastern Michigan. Eligible candidates include graduating high school seniors, GED recipients, and home school students attending an accredited Michigan college in the fall of 2024. The application period is from January 22 to March 25.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
none
News
ChoiceOne Reports Fourth Quarter 2023 Results
Rhea-AI Summary
ChoiceOne Financial Services, Inc. reported financial results for the quarter ended December 31, 2023. The company celebrated its 125th anniversary and achieved the largest core loan growth in a single quarter in its history. Net income was $5,293,000 for the quarter and $21,261,000 for the twelve months ended December 31, 2023. Core loans grew by $105.2 million during the fourth quarter of 2023, and deposits increased by $14.7 million. Asset quality remains strong, and shareholders' equity totaled $195.6 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
earnings
-
News
ChoiceOne Bank Announces Kiwanis Inclusive Playground Commitment
Rhea-AI Summary
ChoiceOne Bank (NASDAQ: COFS) contributes $55,000 to Kiwanis Club of Lapeer for Inclusive Playground
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
-
News
ChoiceOne Bank Announces Newly Redesigned, Interactive Website
Rhea-AI Summary
ChoiceOne Bank (NASDAQ: COFS) has announced the redesign of their website to enhance functionality, accessibility, and customer experience. The new website aims to provide high-speed convenience, best-in-class financial solutions, and maintain personal relationships. ChoiceOne has been recognized as one of America's Best Banks and aims to be the best bank in Michigan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
none
News
CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS
Rhea-AI Summary
ChoiceOne Financial Services, Inc. (COFS) declared a cash dividend of $0.27 per share for Q4 2023, payable to shareholders of record as of December 15, 2023, and will be paid on December 29, 2023. This dividend is $0.01 higher than the previous quarter and Q4 2022. ChoiceOne Financial Services, Inc. is a financial holding company with headquarters in Sparta, Michigan, and is the parent corporation of ChoiceOne Bank, Member FDIC. ChoiceOne Bank operates 36 offices in Michigan, offering insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. The company's common stock is quoted on the NASDAQ Capital Market under the symbol 'COFS'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
dividends
-
News
ChoiceOne Celebrates 125th Anniversary Ringing Nasdaq Stock Exchange Opening Bell
Rhea-AI Summary
ChoiceOne Bank celebrates its 125th Anniversary by ringing the Nasdaq opening bell. The event will be broadcasted live from the Nasdaq MarketSite Tower in New York City. ChoiceOne Bank is the only community bank in most of the communities it serves trading on the Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
none
-
News
ChoiceOne Reports Third Quarter 2023 Results
Rhea-AI Summary
ChoiceOne Financial Services, Inc. reports Q3 2023 financial results, celebrates 125th anniversary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
earnings
News
CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS
Rhea-AI Summary
ChoiceOne Financial Services, Inc. declares cash dividend of $0.26 per share, payable on September 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
dividends
Stock COFS logo
Choiceone Financial Services, Inc.

OTC:COFS

COFS Rankings

#3840 Ranked by Market Cap
#2994 Ranked by Stock Gains
#747 Ranked by Dividends

COFS Stock Data

167.60M
6.66M
8.28%
20.22%
1.5%
Commercial Banking
Finance and Insurance
Link
United States
Sparta

About COFS

locally owned for over 110 years,choiceone bank is a full service financial institution with offices in kent, ottawa, muskegon and newaygo counties. choiceone bank offers insurance and investment products through its subsidiary, choiceone insurance agencies, inc. choiceone financial services, inc. is the holding company headquartered in sparta, michigan and the parent corporation of choiceone bank. for more information, please visit choiceone’s website at www.choiceone.com.