Welcome to our dedicated page for Choiceone Finl Svcs news (Ticker: COFS), a resource for investors and traders seeking the latest updates and insights on Choiceone Finl Svcs stock.
ChoiceOne Financial Services, Inc. (NASDAQ: COFS) is a financial holding company and the parent of ChoiceOne Bank, a community-focused commercial bank headquartered in Sparta, Michigan. The COFS news page brings together the company’s official announcements, quarterly and annual financial results, merger updates, dividend declarations, and governance changes.
Recent news has highlighted the completion of the merger of Fentura Financial, Inc., the former parent company of The State Bank, with and into ChoiceOne, and the subsequent consolidation of The State Bank into ChoiceOne Bank. These developments expanded the organization to assets over $4 billion and 56 offices in West, Central and Southeast Michigan. News releases also provide detail on net interest margin trends, core loan growth, deposit mix changes, asset quality metrics, and the impact of merger-related expenses and accretion income from acquired loans.
Investors and observers can use this page to follow updates on ChoiceOne’s capital position, including references to the bank’s well-capitalized status, as well as announcements about cash dividends on the corporation’s common stock. Governance and leadership items, such as board retirements, new director appointments, and changes in board chair roles, are also reported through company news.
Because many of these announcements are also furnished to the U.S. Securities and Exchange Commission via Form 8-K, the news feed offers a convenient way to review ChoiceOne’s public communications in one place. Users interested in COFS can monitor this page for ongoing information about the company’s financial performance, strategic transactions, and community banking footprint in Michigan.
ChoiceOne (NASDAQ:COFS) reported Q4 2025 net income of $13.9M and full-year 2025 net income of $28.2M. Total assets rose to $4.4B, driven by the March 1, 2025 merger that added ~$1.8B assets, $1.4B loans and $1.4B deposits.
Diluted EPS was $0.92 for Q4 and $2.01 for 2025; EPS excluding merger items was $3.68 for the year. Asset quality remained strong with nonperforming loans at 0.98% and allowance for credit losses at 1.18%.
ChoiceOne Bank (NASDAQ: COFS) opened applications for its annual ChoiceOne Scholarship Program on January 27, 2026. The bank will award $1,000 scholarships to 19 students from communities it serves across West, Central and Southeast Michigan to support graduating high school seniors, GED recipients, and home‑schooled students who plan to attend an accredited Michigan college in fall 2026. Applications are accepted from January 5 to March 8, 2026. Candidates must submit transcripts/GED documentation and a 500‑word essay describing a community service experience. ChoiceOne will pay scholarships directly to the students' colleges; employee family members are eligible and one additional employee‑family recipient will be chosen.
ChoiceOne Financial Services (NASDAQ: COFS), in partnership with the Federal Home Loan Bank of Indianapolis, awarded Fresh Coast Alliance a $1 million Affordable Housing Program (AHP) grant on Jan. 22, 2026 to renovate four of five sober living homes. The work will improve safety and livability and initially increase housing capacity by 10%, creating additional beds for people in recovery or reentry. ChoiceOne will distribute the funds, make an additional donation, and provide financial education through its Community Development Team.
ChoiceOne Financial Services (NASDAQ:COFS) reported Q3 2025 results with net income of $14.7M for the quarter and $14.3M for the nine months ended Sept 30, 2025.
The March 1, 2025 merger with Fentura added approximately $1.8B in assets, $1.4B in loans and $1.4B in deposits; merger-related after-tax expenses were $13.9M YTD and merger PCL after-tax was $9.5M.
GAAP net interest margin rose to 3.73% in Q3 2025; total assets grew to $4.3B and shareholders' equity to $449.6M as of Sept 30, 2025.
ChoiceOne Financial Services (NASDAQ:COFS) reported strong Q2 2025 financial results following its March 1 merger with Fentura Financial. The company posted Q2 net income of $13.5 million ($0.90 per diluted share), compared to $6.6 million ($0.87 per share) in Q2 2024.
The merger with Fentura added approximately $1.8 billion in assets, including $1.4 billion each in loans and deposits. The company's GAAP net interest margin increased to 3.66% from 2.95% year-over-year, while net interest income rose to $36.3 million from $18.4 million.
Total assets reached $4.3 billion as of June 30, 2025, up $1.7 billion from the previous year. Asset quality remained strong with annualized net loan charge-offs of 0.06% and nonperforming loans ratio of 0.66%. The company maintains a strong capital position with a total risk-based capital ratio of 12.4%.
ChoiceOne Financial Services (NASDAQ: COFS) has declared a quarterly cash dividend of $0.28 per share for the second quarter of 2025. The dividend will be paid on June 30, 2025, to shareholders of record as of June 13, 2025. This dividend maintains parity with Q1 2025's payment and represents a $0.01 increase compared to Q2 2024.
ChoiceOne Financial, headquartered in Sparta, Michigan, operates as the parent company of ChoiceOne Bank, which maintains 56 offices across West, Central, and Southeast Michigan. The company also provides insurance and investment services through its subsidiary, ChoiceOne Insurance Agencies.
ChoiceOne Financial Services (NASDAQ: COFS) announces key leadership changes in its Board of Directors. Chairman Jack G. Hendon will retire effective July 5, 2025, after serving since 2013 and as Chairman since 2021. Gregory A. McConnell, a director since 2019 with over 30 years of banking experience, will succeed as Chairman. Roxanne M. Page, a director since 2010 and CPA at Doeren Mayhew, has been appointed Vice Chairwoman.
Hendon, a CPA and co-founder of H&S Companies, P.C., is retiring under the company's mandatory retirement policy. McConnell brings extensive business and insurance experience, having previously served as Chairman of Capac Bancorp Inc. and as a State Farm Insurance Agent. Page's appointment leverages her substantial accounting and finance expertise.
ChoiceOne Financial completed its merger with Fentura Financial on March 1, 2025, significantly expanding its market presence. The merger added approximately $1.8 billion in assets, $1.4 billion in loans, and $1.4 billion in deposits to ChoiceOne's portfolio.
The company reported a net loss of $13.9 million for Q1 2025, compared to a net income of $5.6 million in Q1 2024. However, excluding merger-related expenses and provisions, net income was $9.3 million. The GAAP net interest margin improved to 3.43% from 2.67% year-over-year.
Key highlights include:
- Core loans grew organically by $40.1 million (10.6% annualized) in Q1 2025
- Strong asset quality with 0.01% net loan charge-offs to average loans
- Total assets reached $4.3 billion, up $1.6 billion from previous year
- Shareholders' equity increased to $426.9 million from $206.8 million
ChoiceOne Financial Services (NASDAQ: COFS) has successfully completed the consolidation of The State Bank into ChoiceOne Bank on March 14, 2025. This follows the March 1, 2025 merger of Fentura with ChoiceOne, creating a financial holding company with over $4 billion in assets and 56 offices across West, Central and Southeast Michigan.
Former Fentura CEO Ronald Justice, who will retire in April after serving since 2012, highlighted the merger's benefits for stakeholders and emphasized the natural geographical and cultural fit. Several senior officers from The State Bank will continue their employment with ChoiceOne Bank in various executive positions.
The consolidation, which took eight months to complete, aims to create efficiencies and new growth opportunities in Michigan's expanded network while maintaining seamless customer service.
ChoiceOne Financial Services (NASDAQ: COFS) has completed its merger with Fentura Financial effective March 1, 2025. The combined organization emerges as a significant bank holding company with over $4 billion in assets and 56 offices across Michigan.
The merged entity will be headquartered in Sparta, Michigan, with The State Bank's consolidation into ChoiceOne Bank scheduled for March 14, 2025. The consolidated bank will operate under the ChoiceOne name and brand, expanding its community bank franchise into Central and Southeastern Michigan.
The merger enhances ChoiceOne's commercial and consumer lending capabilities while advancing technological offerings. The combined organization aims to provide an extensive range of products and services through an enhanced retail network, including digital and branch banking solutions.
FAQ
What is the current stock price of Choiceone Finl Svcs (COFS)?
What is the market cap of Choiceone Finl Svcs (COFS)?
