ChoiceOne Financial Services, Inc. COFS R2K

Financial Services · Banks - Regional · United States

https://www.choiceone.bank

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.

Market & Price

Market Cap

$470.22M

Current Price

$31.40

High / Low (52W)

$31.90 / $25.78

Beta

0.62

Valuation

Stock P/E

7.44

Industry PE

12.01

Forward P/E

8.52

PEG Ratio

-1.29

Book Value

$31.42

Price to Book

1.00

P/S

2.75

EV/EBITDA

Dividend Yield

3.69%

Profitability & Returns

ROCE

ROE

12.44%

ROA

1.28%

Profit Margin

32.62%

Op Margin

44.60%

EPS (Latest Qtr)

$0.91

EPS (TTM)

$4.22

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$234.50M

Total Assets

$4.41B

Current Assets

Working Capital

Ownership

Promoter Holding

6.53%

Chg in Prom Hold

FII / Inst Holding

46.05%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$618.97M

Total Revenue (TTM)

$171.01M

EBITDA

Free Cash Flow

Operating Cash Flow

$41.03M

Shares Outstanding

14.98M

Gross Margin

0.00%

Payout Ratio

27.01%

Growth (CAGR)

Revenue 5Y

25.72%

Profit 5Y

6.03%

Revenue (YoY)

135.00%

Earnings (YoY)

PROS

Excellent profit margin of 32.6%.
Compounding revenue at 25.7% over 5 years.
Attractive dividend yield of 3.69%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	COFS ChoiceOne Financial Services, Inc. R2K	31.40	7.44	$470.22M	3.69%	-	12.44%	25.72%	6.03%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.48M	-	-	31.23M	42.83M	44.74M	42.94M	42.46M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.65M	17.60M	17.10M	17.54M	16.63M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17.59M	16.67M	18.33M	16.79M	16.68M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.69M	3.13M	3.65M	2.92M	2.98M
Net Income	1.43M	1.45M	1.22M	1.27M	1.45M	1.68M	1.69M	1.45M	1.64M	1.72M	1.37M	1.66M	1.83M	2.01M	1.83M	1.64M	1.49M	1.02M	3.03M	3.25M	4.43M	3.83M	4.10M	6.24M	5.04M	5.75M	5.53M	5.62M	5.81M	5.63M	5.21M	5.12M	5.63M	6.59M	7.35M	-13.91M	13.53M	14.68M	13.87M	13.70M
Diluted EPS	0.43	0.44	0.37	0.37	0.41	0.49	0.49	0.40	0.45	0.48	0.37	0.46	0.51	0.55	0.50	0.45	0.41	0.28	0.44	0.45	0.61	0.49	0.52	0.80	0.65	0.75	0.74	0.75	0.77	0.75	0.69	0.68	0.74	0.87	0.85	-1.30	0.90	0.97	0.92	0.91

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	81.39M	80.79M	92.44M	161.74M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	7.75M	33.09M	46.66M	65.89M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	27.66M	25.57M	33.09M	34.19M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	4.02M	4.31M	6.36M	6.01M
Net Income	1.48M	2.71M	3.51M	4.26M	5.09M	5.70M	5.74M	6.09M	6.17M	7.33M	7.17M	15.61M	-	23.64M	21.26M	26.73M	28.18M
Diluted EPS	0.45	0.83	1.07	1.29	1.54	1.72	1.66	1.68	1.70	2.02	1.58	2.07	-	3.15	2.82	3.25	2.01

Compounded Sales Growth

5 Years:	25.72%
1 Year:	135.00%

Compounded Profit Growth

5 Years:	6.03%
1 Year:	-

Stock Price Performance

1 Year:	+10.32%
6 Months:	+4.17%
3 Months:	+10.87%
1 Month:	+4.42%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	480.52M	495.91M	508.91M	514.58M	549.64M	567.75M	607.37M	646.54M	670.54M	1.39B	1.92B	2.37B	2.39B	2.58B	2.72B	4.41B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	11.16M	19.75M	24.07M	17.12M	19.03M	20.48M	16.65M	11.19M	14.81M	36.84M	19.69M	59.56M	79.52M	31.89M	43.94M	55.43M	96.75M	87.99M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	426.21M	438.01M	448.41M	453.02M	483.45M	497.90M	535.67M	569.99M	590.07M	1.19B	1.69B	2.15B	2.22B	2.38B	2.46B	3.95B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35.26M	215.51M	55.75M	68.46M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85.26M	235.51M	210.75M	313.46M
Total Equity	52.19M	52.93M	54.31M	57.90M	60.51M	61.56M	66.19M	69.84M	71.70M	76.55M	80.48M	192.14M	227.27M	221.67M	168.87M	195.63M	260.42M	465.35M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.52M	7.55M	8.97M	15.00M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	9.23M	9.22M	12.54M	9.64M	10.36M	7.47M	3.98M	10.93M	8.09M	9.96M	9.20M	8.48M	-	44.33M	46.33M	47.08M	31.81M
Investing Cash Flow	-1.12M	-16.37M	-31.12M	-16.64M	-13.44M	-38.67M	-22.66M	-41.48M	-18.30M	-43.85M	36.35M	-250.75M	-	-89.81M	-181.22M	-96.34M	106.69M
Financing Cash Flow	471.00K	11.47M	11.62M	8.91M	4.52M	27.37M	13.22M	34.17M	32.24M	16.75M	-5.69M	262.23M	-	57.54M	146.37M	90.58M	-147.26M
Capital Expenditure	-816.00K	-1.51M	-499.00K	-921.00K	-801.00K	-786.00K	-1.04M	-1.82M	-1.66M	-4.21M	-766.00K	-1.85M	-	-1.16M	-4.23M	-1.71M	-6.63M
Free Cash Flow	8.42M	7.71M	12.05M	8.72M	9.56M	6.69M	2.94M	9.11M	6.43M	5.75M	8.44M	6.63M	-	43.16M	42.10M	45.38M	25.19M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	12.06M	11.49M	41.32M	-8.76M
Share Buybacks	-	-	-	75.00K	192.00K	203.00K	371.00K	794.00K	203.00K	523.00K	67.00K	0	7.79M	682.00K	0	0	2.68M
Dividends Paid	1.56M	1.57M	1.58M	1.65M	1.78M	1.95M	2.17M	2.23M	2.32M	2.58M	5.82M	6.17M	7.20M	7.58M	7.91M	9.01M	16.95M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	29.0%	26.3%	28.9%	17.4%
ROE %	2.8%	5.0%	6.1%	7.0%	8.3%	8.6%	8.2%	8.5%	8.1%	9.1%	3.7%	6.9%	-	14.0%	10.9%	10.3%	6.1%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

6.53%

Institutions

46.05%

Public Float

49.27%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	13.29%	963.23K	$30.25M
2	Northern Trust Corporation	9.54%	691.78K	$21.72M
3	Vanguard Capital Management LLC	8.74%	633.15K	$19.88M
4	Alliancebernstein L.P.	4.95%	358.50K	$11.26M
5	Geode Capital Management, LLC	4.84%	350.63K	$11.01M
6	State Street Corporation	4.43%	321.17K	$10.08M
7	Dimensional Fund Advisors LP	3.32%	240.43K	$7.55M
8	Hotchkis & Wiley Capital Management, LLC	3.12%	226.08K	$7.10M
9	ProShare Advisors, LLC	3.05%	221.30K	$6.95M
10	Manufacturers Life Insurance Co.	3.05%	221.28K	$6.95M

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