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ChoiceOne Financial Services Inc

ChoiceOne Financial Services Inc

COFS · NASDAQ · Financial Services / Banks - Regional

36.91USD+0.04 (+0.11%)

Price History

Full chart

Market Stats

Previous Close36.87
Open36.83
Day Range36.39 – 37.10
52-Week Range25.14 – 34.70
Volume65.61K
Market Cap494.43M
P/E (TTM)8.75
Forward P/E7.79
EPS3.78
Dividend Yield3.53%
Beta0.61
50-Day Avg33.75
200-Day Avg31.12

About

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan. The company offers time, savings, and demand deposits, safe deposits, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, commercial, consumer, and real estate loans; credit and other financial services; mortgage banking; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers 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. It serves individual and business customers through its network of branches and ATMs. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Kelly J. Potes CFP
  • Employees577
  • Headquarters109 East Division Street, Sparta, MI, United States, 49345, USA
  • Websitehttps://www.choiceone.bank

Leadership

  • Mr. Kelly J. Potes CFPCEO & Director · b. 1962
  • Mr. Michael J. Burke Jr.President & Director · b. 1970
  • Mr. Adom J. Greenland CPACFO, Executive VP, Secretary & Treasurer · b. 1981
  • Mr. Bradley A. HenionExecutive VP & Chief Lending Officer · b. 1970
  • Mr. Robert G. MichelSVP & Operations Officer
  • Ms. Shelly M. ChildersSenior VP & Chief Information Officer · b. 1963
  • Mr. Bart E. JonkerSVP of Risk Management & Compliance Officer
  • Danielle ChateauvertVice President of Marketing
  • Mr. Lee A. BrafordSenior VP & Chief Credit Officer of ChoiceOne Bank · b. 1961
  • Mr. Steven M. DeVolderSenior VP & Senior Trust Officer · b. 1960

Financials

Income Statement

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.91M4.69M6.74M8.56M9.53M9.60M12.32M12.17M17.93M15.44M14.31M15.90M20.32M35.25M31.05M28.55M27.53M27.61M27.11M25.26M25.82M27.05M28.19M28.94M31.45M41.64M78.41M83.81M89.13M113.89M139.10M192.89M
Growth (%)-+19.90%+43.84%+26.95%+11.29%+0.81%+28.28%-1.23%+47.33%-13.87%-7.32%+11.15%+27.78%+73.44%-11.91%-8.04%-3.59%+0.31%-1.83%-6.82%+2.20%+4.80%+4.21%+2.66%+8.64%+32.42%+88.31%+6.89%+6.35%+27.77%+22.14%+38.67%
Cost of Revenue3.31M4.03M5.19M6.79M7.53M7.62M9.96M9.52M7.43M4.96M4.53M5.77M8.90M15.66M14.68M11.96M8.92M7.25M5.06M1.72M1.25M1.09M969.00K1.96M2.50M4.70M8.64M4.39M8.00M33.24M47.29M80.70M
Gross Profit597.00K656.00K1.55M1.77M1.99M1.98M2.35M2.65M10.49M10.48M9.78M10.13M11.43M19.59M16.37M16.59M18.61M20.36M22.05M23.54M24.57M25.96M27.22M26.98M28.95M36.94M69.77M79.42M81.14M80.64M91.81M112.19M
Gross Margin15.27%13.99%23.06%20.67%20.92%20.66%19.11%21.75%58.54%67.91%68.33%63.69%56.22%55.58%52.73%58.10%67.61%73.73%81.34%93.19%95.15%95.97%96.56%93.22%92.06%88.71%88.98%94.76%91.03%70.81%66.00%58.16%
Operating Expense-1.00M-1.32M-795.00K-600.00K-802.00K-855.00K154.00K598.00K8.19M7.67M7.23M7.18M8.70M15.07M15.14M15.31M15.25M15.79M16.44M16.66M16.79M18.28M18.97M18.43M20.46M28.48M50.88M52.92M53.48M55.07M58.72M78.00M
Operating Income1.60M1.98M2.35M2.37M2.79M2.84M2.20M2.05M2.31M2.82M2.55M2.95M2.73M4.52M1.23M1.28M3.37M4.57M5.61M6.88M7.77M7.69M8.25M8.55M8.49M8.46M18.89M26.50M27.66M25.57M33.09M34.19M
Operating Margin40.90%42.13%34.85%27.68%29.34%29.56%17.86%16.83%12.86%18.24%17.81%18.52%13.42%12.82%3.96%4.49%12.22%16.56%20.68%27.22%30.10%28.42%29.27%29.56%26.99%20.33%24.08%31.62%31.03%22.45%23.79%17.72%
EBITDA1.83M2.21M2.64M2.69M3.18M3.42M3.02M2.92M3.66M3.98M3.67M4.06M3.85M6.33M3.07M3.36M5.44M6.82M8.07M9.44M10.25M10.17M10.86M11.01M10.56M11.59M26.59M38.92M41.00M38.00M45.42M54.06M
EBITDA Margin46.78%47.10%39.12%31.41%33.34%35.67%24.50%23.98%20.42%25.76%25.68%25.55%18.92%17.96%9.88%11.76%19.76%24.69%29.78%37.37%39.70%37.60%38.52%38.02%33.60%27.84%33.91%46.44%46.00%33.36%32.65%28.03%
Net Income1.24M1.46M1.70M1.74M1.92M1.95M1.53M1.46M1.64M2.10M1.85M2.17M2.09M3.58M1.44M1.48M2.71M3.51M4.26M5.09M5.70M5.74M6.09M6.17M7.33M7.17M15.61M22.04M23.64M21.26M26.73M28.18M
Net Income Margin31.79%31.23%25.14%20.29%20.18%20.33%12.39%11.98%9.17%13.61%12.96%13.62%10.27%10.16%4.62%5.18%9.85%12.72%15.72%20.17%22.06%21.23%21.60%21.31%23.32%17.22%19.91%26.30%26.52%18.67%19.21%14.61%
R&D---------------------0000-------
R&D as % of Total Revenue---------------------0.00%0.00%0.00%0.00%-------
Interest Expense3.19M3.87M4.67M6.25M6.80M6.99M8.89M8.52M6.16M4.55M4.07M5.28M8.70M13.62M11.20M7.09M4.97M3.55M2.54M1.42M1.15M990.00K969.00K1.48M2.46M4.70M4.64M3.98M7.75M33.09M46.66M65.89M
Interest Expense % of Total Revenue81.51%82.51%69.18%73.04%71.42%72.83%72.16%70.01%34.38%29.50%28.42%33.19%42.80%38.65%36.08%24.83%18.04%12.87%9.38%5.62%4.46%3.66%3.44%5.11%7.83%11.29%5.92%4.75%8.69%29.06%33.55%34.16%

Balance Sheet

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets106.14M109.92M141.73M156.33M170.60M193.11M201.19M197.79M212.32M215.47M232.28M248.11M466.65M470.15M463.55M465.92M480.52M495.91M508.91M514.58M549.64M567.75M607.37M646.54M670.54M1.39B1.92B2.37B2.39B2.58B2.72B4.41B
Total Liabilities93.26M96.13M127.19M140.79M154.46M176.22M183.60M179.52M192.97M194.90M211.22M226.39M415.13M417.01M411.37M412.99M426.21M438.01M448.41M453.02M483.45M497.90M535.67M569.99M590.07M1.19B1.69B2.15B2.22B2.38B2.46B3.95B
Total Equity12.88M13.78M14.54M15.54M16.14M16.89M17.59M18.27M19.36M20.57M21.07M21.72M51.52M53.14M52.19M52.93M54.31M57.90M60.51M61.56M66.19M69.84M71.70M76.55M80.48M192.14M227.27M221.67M168.87M195.63M260.42M465.35M
Cash2.95M4.81M4.95M3.77M5.05M4.00M4.90M4.93M5.72M4.72M3.62M4.99M9.94M10.92M9.25M9.96M19.07M17.13M19.03M20.48M16.65M11.19M14.81M36.84M19.69M59.56M79.52M31.89M43.94M55.43M96.40M87.99M
Total Debt1.00M2.00M29.93M29.05M29.96M46.53M43.76M42.03M38.67M46.94M41.87M42.29M39.38M57.64M77.53M42.66M30.72M52.19M19.99M32.42M45.11M20.79M20.21M27.42M10.03M33.20M12.42M85.02M85.26M235.51M210.75M313.46M
Net Debt-1.95M-2.81M24.98M25.28M24.91M42.53M38.86M37.10M32.95M42.22M38.25M37.30M29.45M46.72M68.28M32.71M11.65M35.06M958.00K11.95M28.46M9.61M5.41M-9.42M-9.66M-26.36M-67.10M53.13M41.32M180.07M114.35M225.47M

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.35M2.21M2.08M4.63M1.20M3.12M3.17M2.59M4.21M5.48M5.56M3.83M-7.17M6.51M7.23M9.23M9.22M12.54M9.64M10.36M7.47M3.98M10.93M8.09M9.96M9.20M8.48M37.70M45.02M46.48M48.65M31.81M
Investing Cash Flow-2.61M-1.65M-31.77M-16.02M-14.78M-24.70M-8.60M1.73M-15.20M-8.12M-21.47M-16.80M22.03M-6.44M-1.39M-1.12M-16.37M-31.12M-16.64M-13.44M-38.67M-22.66M-41.48M-18.30M-43.85M36.35M-250.75M-521.37M-90.50M-181.37M-97.91M106.69M
Financing Cash Flow1.14M1.30M29.83M10.21M14.86M20.52M6.33M-4.28M12.53M891.00K14.81M14.34M-9.92M1.13M-5.83M471.00K11.47M11.62M8.91M4.52M27.37M13.22M34.17M32.24M16.75M-5.69M262.23M436.04M57.54M296.37M90.58M-147.26M
Capital Expenditure36.00K236.00K762.00K996.00K804.00K1.34M1.10M388.00K331.00K225.00K1.48M1.23M301.00K528.00K764.00K816.00K1.51M499.00K921.00K801.00K786.00K1.04M1.82M1.66M4.21M766.00K1.85M2.76M1.16M4.23M1.71M6.63M
Free Cash Flow2.31M1.97M1.32M3.63M397.00K1.78M2.06M2.20M3.88M5.25M4.08M2.61M-7.47M5.99M6.47M8.42M7.71M12.05M8.72M9.56M6.69M2.94M9.11M6.43M5.75M8.44M6.63M34.94M43.85M42.25M46.94M25.19M
Dividends Paid469.00K551.00K663.00K792.00K25.92M28.94M14.01M9.10M1.04M1.06M1.06M1.11M1.40M2.20M2.20M1.56M1.57M1.58M1.65M1.78M1.95M2.17M2.23M2.32M2.58M5.82M6.17M7.20M7.58M7.91M9.01M16.95M
FCF to OCF98.47%89.32%63.44%78.46%33.06%57.07%65.21%85.03%92.14%95.89%73.35%68.03%104.20%91.89%89.43%91.16%83.63%96.02%90.45%92.27%89.48%73.91%83.35%79.53%57.74%91.68%78.16%92.68%97.41%90.89%96.49%79.17%
Dividend Paid to FCF20.28%27.91%50.15%21.82%6529.22%1622.99%678.88%413.21%26.81%20.16%26.13%42.54%-18.71%36.75%34.06%18.57%20.38%13.10%18.90%18.61%29.09%73.81%24.49%36.12%44.89%68.93%93.18%20.61%17.28%18.72%19.20%67.29%

Earnings

Report DateJun 30, 2003Sep 30, 2003Dec 31, 2003Mar 31, 2004Jun 30, 2004Sep 30, 2004Dec 31, 2004Mar 31, 2005Jun 30, 2005Sep 30, 2005Dec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jun 30, 2007Sep 30, 2007Dec 31, 2007Mar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Aug 9, 2019Nov 12, 2019Mar 16, 2020May 11, 2020Jul 28, 2020Oct 28, 2020Jan 29, 2021Apr 21, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 29, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 25, 2024Apr 24, 2024Jul 25, 2024Oct 23, 2024Jan 22, 2025Apr 30, 2025Jul 25, 2025Oct 24, 2025Jan 30, 2026Apr 24, 2026Jul 24, 2026Oct 23, 2026
EPS Estimate--------------------------------------------------------------------------------0.710.670.640.590.760.740.840.760.780.860.900.850.880.93
EPS Actual0.280.310.290.280.220.230.280.270.300.310.290.290.300.250.150.280.250.190.290.210.200.17-0.180.210.090.110.010.180.190.180.190.250.240.280.280.280.310.290.340.360.330.370.340.360.430.430.450.390.400.340.350.390.470.450.400.450.460.380.460.500.550.500.450.410.410.280.420.450.610.490.520.800.650.750.660.740.750.770.890.750.690.680.700.740.870.930.830.860.910.970.920.910.93-
Surprise---------------------------------------------------------------------------------2.77%1.49%9.38%25.42%14.47%25.68%-1.19%13.16%16.67%12.79%2.22%7.06%5.68%-
Timing--------------------------------------------------------------------------After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap494.43M
Enterprise Value748.59M
Trailing P/E8.75
Forward P/E7.79
PEG Ratio0.00
Price / Sales2.91
Price / Book1.00
EPS3.78
Book Value32.29
Revenue (TTM)169.92M
Gross Profit (TTM)169.92M
Profit Margin32.20%
Operating Margin41.75%
Return on Equity11.97%
Return on Assets1.25%
Shares Outstanding14.96M
Shares Float13.71M
Beta0.61
Dividend Yield3.53%
Dividend Rate1.16
Payout Ratio31.10%

Analyst Ratings

Buy
Based on 3 analystsTarget 37.00
  • Strong Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
47.63%
Insiders
6.56%
Retail / Other
45.81%

Top Institutional Holders

  • BlackRock Inc
    963.23K6.44%
  • Northern Trust Corp
    691.78K4.63%
  • Vanguard Capital Management, LLC
    633.15K4.23%
  • AllianceBernstein L.P.
    358.50K2.40%
  • Geode Capital Management, LLC
    350.63K2.34%
  • State Street Corp
    321.17K2.15%
  • Dimensional Fund Advisors, Inc.
    288.65K1.93%
  • Hotchkis & Wiley Capital Management LLC
    226.08K1.51%
  • Manufacturers Life Insurance Co
    221.28K1.48%
  • American Century Companies Inc
    192.69K1.29%
  • The Goldman Sachs Group Inc
    158.41K1.06%
  • Gendell Jeffrey L
    148.55K0.99%
  • Morgan Stanley - Brokerage Accounts
    123.80K0.83%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    451.10K3.02%
  • iShares Russell 2000 ETF
    391.29K2.62%
  • Avantis US Small Cap Value ETF
    233.18K1.56%
  • Fidelity Small Cap Index
    157.88K1.06%
  • iShares Russell 2000 Value ETF
    142.61K0.95%
  • JHancock Regional Bank A
    104.79K0.70%
  • JH Financial Opportunities
    98.22K0.66%

Dividends

20263×
0.29Sep 15, 20260.29Jun 15, 20260.29Mar 13, 2026
20254×
0.29Dec 15, 20250.28Sep 15, 20250.28Jun 13, 20250.28Mar 14, 2025
20244×
0.28Dec 13, 20240.27Sep 13, 20240.27Jun 14, 20240.27Mar 14, 2024
20234×
0.27Dec 14, 20230.26Sep 14, 20230.26Jun 14, 20230.26Mar 14, 2023
20224×
0.26Dec 14, 20220.25Sep 14, 20220.25Jun 14, 20220.25Mar 14, 2022
20214×
0.25Dec 14, 20210.25Sep 14, 20210.22Jun 14, 20210.22Mar 12, 2021
20201×
0.22Dec 14, 2020

Stock Splits

  • May 9, 2018105:100
  • May 8, 2017105:100
  • May 5, 2005105:100