COFS
ChoiceOne Financial Services Inc
NASDAQ: COFS · FINANCIAL SERVICES · BANKS - REGIONAL
$31.16
+1.00% today
Updated 2026-05-06
Market cap
$457.78M
P/E ratio
7.25
P/S ratio
2.68x
EPS (TTM)
$4.22
Dividend yield
3.80%
52W range
$26 – $35
Volume
0.1M
ChoiceOne Financial Services Inc (COFS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.32M | $35.25M | $31.05M | $28.55M | $27.53M | $27.61M | $27.11M | $25.26M | $25.82M | $27.05M | $28.19M | $28.94M | $31.45M | $41.64M | $78.41M | $83.81M | $89.13M | $113.89M | $139.10M | $192.89M |
| Revenue growth (YoY) | — | +73.4% | -11.9% | -8.0% | -3.6% | +0.3% | -1.8% | -6.8% | +2.2% | +4.8% | +4.2% | +2.7% | +8.6% | +32.4% | +88.3% | +6.9% | +6.3% | +27.8% | +22.1% | +38.7% |
| Cost of revenue | $8.90M | $15.66M | $14.68M | $11.96M | $8.92M | $7.25M | $5.06M | $1.72M | $1.25M | $1.09M | $969000.00 | $1.96M | $2.50M | $4.70M | $8.64M | $4.39M | $8.00M | $33.24M | $47.29M | $80.70M |
| Gross profit | $11.43M | $19.59M | $16.37M | $16.59M | $18.61M | $20.36M | $22.05M | $23.54M | $24.57M | $25.96M | $27.22M | $26.98M | $28.95M | $36.94M | $69.77M | $79.42M | $81.14M | $80.64M | $91.81M | $112.19M |
| Gross margin | 56.2% | 55.6% | 52.7% | 58.1% | 67.6% | 73.7% | 81.3% | 93.2% | 95.2% | 96.0% | 96.6% | 93.2% | 92.1% | 88.7% | 89.0% | 94.8% | 91.0% | 70.8% | 66.0% | 58.2% |
| R&D | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $4.66M | $7.71M | $9.33M | $9.79M | $7.68M | $7.84M | $8.25M | $8.57M | $8.79M | $9.56M | $10.22M | $10.45M | $11.18M | $14.40M | $26.99M | $30.10M | $31.11M | $33.15M | $34.74M | $62.05M |
| Operating income | $2.73M | $4.52M | $1.23M | $1.28M | $3.37M | $4.57M | $5.61M | $6.88M | $7.77M | $7.69M | $8.25M | $8.55M | $8.49M | $8.46M | $18.89M | $26.50M | $27.66M | $25.57M | $33.09M | $34.19M |
| Operating margin | 13.4% | 12.8% | 4.0% | 4.5% | 12.2% | 16.6% | 20.7% | 27.2% | 30.1% | 28.4% | 29.3% | 29.6% | 27.0% | 20.3% | 24.1% | 31.6% | 31.0% | 22.4% | 23.8% | 17.7% |
| EBITDA | $3.85M | $6.33M | $3.07M | $3.36M | $5.44M | $6.82M | $8.07M | $9.44M | $10.25M | $10.17M | $10.86M | $11.01M | $10.56M | $11.59M | $26.59M | $38.92M | $41.00M | $38.00M | $45.42M | $34.19M |
| EBITDA margin | 18.9% | 18.0% | 9.9% | 11.8% | 19.8% | 24.7% | 29.8% | 37.4% | 39.7% | 37.6% | 38.5% | 38.0% | 33.6% | 27.8% | 33.9% | 46.4% | 46.0% | 33.4% | 32.7% | 17.7% |
| EBIT | $2.73M | $4.52M | $1.23M | $1.28M | $3.37M | $4.57M | $5.61M | $6.88M | $7.77M | $7.69M | $8.25M | $8.55M | $8.49M | $8.46M | $18.89M | $26.50M | $27.66M | $25.57M | $33.09M | — |
| Interest expense | $8.70M | $13.62M | $11.20M | $7.09M | $4.97M | $3.55M | $2.54M | $1.42M | $1.15M | $990000.00 | $969000.00 | $1.48M | $2.46M | $4.70M | $4.64M | $3.98M | $7.75M | $33.09M | $46.66M | $65.89M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.09M | $3.58M | $1.44M | $1.48M | $2.71M | $3.51M | $4.26M | $5.09M | $5.70M | $5.74M | $6.09M | $6.17M | $7.33M | $7.17M | $15.61M | $22.04M | $23.64M | $21.26M | $26.73M | $28.18M |
| Net income growth (YoY) | — | +71.5% | -59.9% | +3.0% | +83.4% | +29.6% | +21.3% | +19.5% | +11.8% | +0.8% | +6.0% | +1.3% | +18.9% | -2.2% | +117.7% | +41.2% | +7.2% | -10.1% | +25.7% | +5.4% |
| Profit margin | 10.3% | 10.2% | 4.6% | 5.2% | 9.8% | 12.7% | 15.7% | 20.2% | 22.1% | 21.2% | 21.6% | 21.3% | 23.3% | 17.2% | 19.9% | 26.3% | 26.5% | 18.7% | 19.2% | 14.6% |