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Stocks · Financials · State Commercial Banks

CHOICEONE FINANCIAL SERVICES INC

COFS Clue Score53
United States Fiscal year ends December CIK 0000803164
$32.48 -1.64% Close, 9 Oct 2026
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Price $32.48 +32.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Net income6.1EPS, diluted1.68Fiscal year 2017Net income6.2 +1.3%EPS, diluted1.70Fiscal year 2018Net income7.3 +18.9%EPS, diluted2.02Fiscal year 2019Net income7.2 −2.2%EPS, diluted1.58Fiscal year 2020Net income15.6 +117.7%EPS, diluted2.07Fiscal year 2021Net income22.0 +41.2%EPS, diluted2.86Fiscal year 2022Revenue89.1Net income23.6 +7.2%EPS, diluted3.15Fiscal year 2023Revenue113.9 +27.8%Net income21.3 −10.1%EPS, diluted2.82Fiscal year 2024Revenue139.1 +22.1%Net income26.7 +25.7%EPS, diluted3.25Fiscal year 2025Revenue227.6 +63.6%Net income28.2 +5.4%EPS, diluted2.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a n/a n/a n/a 89.1 113.9 139.1 227.6
Growth +27.8% +22.1% +63.6%
Net income 6.1 6.2 7.3 7.2 15.6 22.0 23.6 21.3 26.7 28.2
Growth +1.3% +18.9% −2.2% +117.7% +41.2% +7.2% −10.1% +25.7% +5.4%
EPS, diluted 1.68 1.70 2.02 1.58 2.07 2.86 3.15 2.82 3.25 2.01

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Fiscal year 2020Fiscal year 2021Fiscal year 2022Net margin26.5%Free cash flow margin48.4%Fiscal year 2023Net margin18.7%Free cash flow margin37.0%Fiscal year 2024Net margin19.2%Free cash flow margin32.6%Fiscal year 2025Net margin12.4%Free cash flow margin11.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a n/a n/a n/a n/a 26.5% 18.7% 19.2% 12.4%
Free cash flow margin n/a n/a n/a n/a n/a n/a 48.4% 37.0% 32.6% 11.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow10.9Capital expenditure−1.8Free cash flow9.1Buybacks−0.8Dividends paid−2.2Fiscal year 2017Operating cash flow8.1Capital expenditure−1.7Free cash flow6.4 −29.4%Buybacks−0.2Dividends paid−2.3Fiscal year 2018Operating cash flow10.0Capital expenditure−4.2Free cash flow5.7 −10.7%Buybacks−0.5Dividends paid−2.6Fiscal year 2019Operating cash flow9.2Capital expenditure−0.8Free cash flow8.4 +46.8%Buybacks−0.1Dividends paid−5.8Fiscal year 2020Operating cash flow8.5Capital expenditure−1.9Free cash flow6.6 −21.5%Buybacks0.0Dividends paid−6.2Fiscal year 2021Operating cash flow37.7Capital expenditure−2.8Free cash flow34.9 +427.3%Buybacks−7.8Dividends paid−7.2Fiscal year 2022Operating cash flow44.3Capital expenditure−1.2Free cash flow43.2 +23.5%Buybacks−0.7Dividends paid−7.6Fiscal year 2023Operating cash flow46.3Capital expenditure−4.2Free cash flow42.1 −2.5%Buybacks0.0Dividends paid−7.9Fiscal year 2024Operating cash flow47.1Capital expenditure−1.7Free cash flow45.4 +7.8%Buybacks0.0Dividends paid−9.0Fiscal year 2025Operating cash flow31.8Capital expenditure−6.6Free cash flow25.2 −44.5%Buybacks−2.7Dividends paid−16.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 10.9 8.1 10.0 9.2 8.5 37.7 44.3 46.3 47.1 31.8
Capital expenditure −1.8 −1.7 −4.2 −0.8 −1.9 −2.8 −1.2 −4.2 −1.7 −6.6
Free cash flow 9.1 6.4 5.7 8.4 6.6 34.9 43.2 42.1 45.4 25.2
Growth −29.4% −10.7% +46.8% −21.5% +427.3% +23.5% −2.5% +7.8% −44.5%
Buybacks −0.8 −0.2 −0.5 −0.1 0.0 −7.8 −0.7 0.0 0.0 −2.7
Dividends paid −2.2 −2.3 −2.6 −5.8 −6.2 −7.2 −7.6 −7.9 −9.0 −16.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash14.8Shareholders’ equity71.7Fiscal year 2017Cash36.8Shareholders’ equity76.6Fiscal year 2018Cash19.7Shareholders’ equity80.5Fiscal year 2019Cash59.6Shareholders’ equity192.1Fiscal year 2020Cash79.5Shareholders’ equity227.3Fiscal year 2021Cash31.9Shareholders’ equity221.7Fiscal year 2022Cash43.9Shareholders’ equity160.8Fiscal year 2023Cash55.4Shareholders’ equity195.6Fiscal year 2024Cash96.8Shareholders’ equity260.4Fiscal year 2025Cash88.0Shareholders’ equity465.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.8 36.8 19.7 59.6 79.5 31.9 43.9 55.4 96.8 88.0
Shareholders’ equity 71.7 76.6 80.5 192.1 227.3 221.7 160.8 195.6 260.4 465.4

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a n/a n/a 31.0% 22.4% 23.8% 15.0%
n/a n/a n/a n/a n/a n/a 26.5% 18.7% 19.2% 12.4%
n/a n/a n/a n/a n/a n/a 48.4% 37.0% 32.6% 11.1%
Spending
n/a n/a n/a n/a n/a n/a 1.3% 3.7% 1.2% 2.9%
26.2% 27.9% 13.6% 15.3% 17.3% 16.8% 14.5% 16.8% 19.2% 17.6%
Returns
8.5% 8.1% 9.1% 3.7% 6.9% 9.9% 14.7% 10.9% 10.3% 6.1%
1.0% 1.0% 1.1% 0.5% 0.8% 0.9% 1.0% 0.8% 1.0% 0.6%
Balance and payout
88.2% 88.2% 88.0% 86.1% 88.2% 90.6% 92.9% 92.4% 90.4% 89.4%
36.6% 37.7% 35.2% 81.1% 39.5% 32.7% 32.1% 37.2% 33.7% 60.2%
33.2% 39.3% 54.0% 69.7% 93.2% 42.9% 19.1% 18.8% 19.9% 77.9%