ChoiceOne Financial Services, Inc. (COFS) — Financial statements
Income statement, balance sheet, and cash flow for ChoiceOne Financial Services, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 193↑38.7% | 139↑22.1% | 114↑27.8% | 89↑6.3% | 84 | |
| Cost of Revenue | 81↑70.7% | 47↑42.2% | 33↑315.8% | 8↑82.0% | 4 | |
| Gross Profit | 112↑22.2% | 92↑13.9% | 81↓0.6% | 81↑2.2% | 79 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 62↑78.6% | 35↑4.8% | 33↑6.5% | 31↑3.4% | 30 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 0.79↑9.3% | 0.72↓5.6% | 0.76↓9.9% | 0.85 | |
| SG&A Expenses | 62↑74.6% | 36↑4.9% | 34↑6.2% | 32↑3.0% | 31 | |
| Other Expenses | 16↓31.2% | 23↑9.4% | 21↓1.8% | 22↓1.7% | 22 | |
| Operating Expenses | 78↑32.8% | 59↑6.6% | 55↑3.0% | 53↑1.1% | 53 | |
| Total Costs & Expenses | 159↑49.7% | 106↑20.0% | 88↑43.7% | 61↑7.3% | 57 | |
| Operating Results | ||||||
| Operating Income | 34↑3.3% | 33↑29.4% | 26↓7.6% | 28↑4.4% | 26 | |
| Depreciation & Amortization | 0.00↓100.0% | 12↓0.8% | 12↓6.8% | 13↑7.4% | 12 | |
| EBITDA | 34↓24.7% | 45↑19.5% | 38↓7.3% | 41↑5.3% | 39 | |
| EBIT | 34↑3.3% | 33↑29.4% | 26↓7.6% | 28↑4.4% | 26 | |
| Interest & Other Income | ||||||
| Net Interest Income | 137↑84.1% | 74↑13.0% | 66↓2.1% | 67↑11.0% | 61 | |
| Interest Income | 203↑67.6% | 121↑22.4% | 99↑31.9% | 75↑16.2% | 65 | |
| Interest Expense | 66↑41.2% | 47↑41.0% | 33↑327.3% | 8↑94.8% | 4 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 34↑3.3% | 33↑29.4% | 26↓7.6% | 28↑4.4% | 26 | |
| Income Tax Expense | 6↓5.5% | 6↑47.7% | 4↑7.2% | 4↓9.8% | 4 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 28↑5.4% | 27↑25.7% | 21↓10.1% | 24↑7.2% | 22 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 28↑5.4% | 27↑25.7% | 21↓10.1% | 24↑7.2% | 22 | |
| Bottom-Line Net Income | 28↑5.4% | 27↑25.7% | 21↓10.1% | 24↑7.2% | 22 | |
| EPS (Basic) | 2.02↓38.2% | 3.27↑16.0% | 2.82↓10.5% | 3.15↑9.8% | 2.87 | |
| EPS (Diluted) | 2.01↓38.2% | 3.25↑15.2% | 2.82↓10.5% | 3.15↑10.1% | 2.86 | |
| Weighted Average Shares | 14↑70.7% | 8↑8.3% | 8↑0.5% | 8↓2.3% | 8 | |
| Weighted Average Diluted Shares | 14↑70.2% | 8↑8.6% | 8↑0.6% | 8↓2.3% | 8 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.