Choiceone Financial Services Inc
COFS- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0000803164
No open-market purchases or sales by Choiceone Financial Services Inc insiders were filed in the last 90 days; 126 institutions reported holding it in 13F filings for Q2 2026, worth $236.0M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Revenue | $227.6M | $139.1M | $99.0M | $75.1M | $64.6M |
| Interest expense | – | – | $33.1M | $7.75M | $3.98M |
| Income tax | $6.01M | $6.36M | $4.31M | $4.02M | $4.46M |
| Net income | $28.2M | $26.7M | $21.3M | $23.6M | $22.0M |
| EPS, basic | $2.02 | $3.27 | $2.82 | $3.15 | $2.87 |
| EPS, diluted | $2.01 | $3.25 | $2.82 | $3.15 | $2.86 |
| Weighted shares, basic | 13.9M | 8.17M | 7.53M | 7.50M | 7.69M |
| Weighted shares, diluted | 14.0M | 8.22M | 7.57M | 7.53M | 7.70M |
| Margins and growth | |||||
| Net margin | 12.4% | 19.2% | 21.5% | 31.5% | 34.1% |
| Revenue growth, year over year | +63.6% | +40.5% | +31.9% | +16.2% | +16.0% |
| Net income growth, year over year | +5.4% | +25.7% | −10.1% | +7.2% | +41.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Cash and equivalents | $88.0M | $96.8M | $55.4M | $43.9M | $31.9M |
| Property, plant and equipment | $48.1M | $27.1M | $29.8M | $28.2M | $29.9M |
| Goodwill | $129.9M | $59.9M | $59.9M | $59.9M | $59.9M |
| Intangible assets | $31.1M | $1.10M | – | – | – |
| Total assets | $4.41B | $2.72B | $2.58B | $2.39B | $2.37B |
| Total liabilities | $3.95B | $2.46B | $2.38B | $2.22B | $2.15B |
| Shareholders' equity | $465.4M | $260.4M | $195.6M | $168.9M | $221.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 30, 2026 | Jan 22, 2025 | Jan 25, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Operating cash flow | $31.8M | $48.6M | $46.5M | $45.0M | $37.7M |
| Capital expenditures | $6.63M | $1.71M | $4.23M | $1.16M | $2.76M |
| Free cash flow | $25.2M | $46.9M | $42.2M | $43.9M | $34.9M |
| Stock-based compensation | $883.0K | $720.0K | $1.00M | $958.0K | $812.0K |
| Dividends paid | $16.9M | $9.01M | $7.91M | $7.58M | $7.20M |
| Share buybacks | $2.68M | $0 | $0 | $767.0K | $7.79M |
| Investing cash flow | $106.7M | -$97.9M | -$181.4M | -$90.5M | -$521.4M |
| Financing cash flow | -$147.3M | $90.6M | $146.4M | $57.5M | $436.0M |
| Net change in cash | -$8.76M | $41.3M | $11.5M | $12.1M | -$47.6M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.5% | 1.0% | 1.3% | 1.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 31, 2026 | 14.9M | −0.7% | SEC |
| Jul 31, 2026 | 15.0M | −0.4% | SEC |
| Apr 30, 2026 | 15.0M | −0.1% | SEC |
| Feb 28, 2026 | 15.0M | +67.0% | SEC |
| Oct 31, 2025 | 15.0M | +67.7% | SEC |
| Jul 31, 2025 | 15.0M | +67.6% | SEC |
| Apr 30, 2025 | 15.0M | +97.9% | SEC |
| Feb 28, 2025 | 8.97M | +18.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.