COFSNasdaqState Commercial BanksFiscal year ends December 31
CHOICEONE FINANCIAL SERVICES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$32.84−0.26 (-0.79%)
Close on Oct 19, 2026
- Market cap
- $492.81M
- P/E (TTM)
- 16.3
- Dividend yield
- 3.44%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
12.4%−8.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +63.6% | +36.7% | +25.3% | +24.2% | |
| Net income | +5.4% | +6.0% | +12.5% | +17.2% | |
| EPS, diluted | -38.2% | -13.9% | -0.6% | +1.9% | |
| Free cash flow | -44.5% | -16.4% | +30.6% | +24.0% | |
| Dividend per share | +3.7% | +3.8% | +6.6% | +6.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.6% | 7.4% | 7.8% | |
| Return on assets | 1.0% | 0.9% | 0.8% | |
| Capex to revenue | 6.7% | 2.5% | 2.9% | |
| Diluted shares | 4M | 8M | 14M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Choiceone Financial Services generated $207.25M from operations and spent $76.29M on capital expenditure, dividends and share buybacks. 22% of that went back into the business.
Generated
$207.25M
Used
$76.29M
Capital expenditure$16.49M22%Dividends$48.65M64%Share buybacks$11.15M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.4%
×Asset turnover0.06×
×Equity multiplier9.83×
=Return on equity, FY20257.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.4% | 0.06× | 9.83× | 7.8% |
| FY2024 | 19.2% | 0.05× | 11.62× | 11.7% |
| FY2023 | 18.7% | 0.05× | 13.92× | 11.9% |
| FY2022 | 26.5% | 0.04× | 12.43× | 12.4% |
| FY2021 | 27.6% | 0.04× | 9.55× | 9.8% |
| FY2020 | 21.2% | 0.04× | 7.88× | 7.4% |
| FY2019 | 19.4% | 0.04× | 7.54× | 5.3% |
| FY2018 | 25.3% | 0.04× | 8.39× | 9.3% |
| FY2017 | 21.7% | 0.05× | 8.46× | 8.3% |
| FY2016 | 22.4% | 0.05× | 8.30× | 8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$28.18M
- Cash generatingOperating cash flow above zero$31.81M
- Return on assets improvedROA up on the prior year1.0% → 1.0%
- Earnings backed by cashOperating cash flow above net income$31.81M vs $28.18M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise8M → 14M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.05 → 0.08