Choiceone Financial Services Inc income statement
In fiscal 2025, Choiceone Financial Services Inc reported revenue of $228m, up 63.6% on the year before and net income of $28.2m, or $2.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 23 | 24 | 25 | 24 | 25 | 26 | 27 | 28 | 29 | 37 | 74 | 80 | 89 | 114 | 139 | 228 | 172 |
| Interest expense | 7 | 5 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 5 | 4 | 8 | 33 | — | — | — |
| Net interest income | 16 | 17 | 18 | 18 | 18 | 18 | 18 | 19 | 21 | 22 | 28 | 51 | 61 | 67 | 66 | 74 | 137 | 148 |
| Non-interest income | 5 | 6 | 6 | 7 | 6 | 7 | 8 | 8 | 8 | 7 | 9 | 23 | 19 | 14 | 15 | 18 | 25 | 24 |
| Non-interest expense | 15 | 15 | 16 | 16 | 17 | 17 | 18 | 19 | 19 | 20 | 28 | 51 | 53 | 53 | 55 | 59 | 113 | 103 |
| Provision for credit losses | 5 | 4 | 4 | 3 | 0 | 0 | 0 | — | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 1 | 15 | 2 |
| Income before tax | 1 | 3 | 5 | 6 | 7 | 8 | 8 | 8 | 9 | 8 | 8 | 19 | 26 | 28 | 26 | 33 | 34 | 67 |
| Income tax | −0 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 3 | 4 | 4 | 4 | 6 | 6 | 12 |
| Net income | 1 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 16 | 22 | 24 | 21 | 27 | 28 | 55 |
| Diluted EPS | $0.45 | $0.75 | $0.97 | $1.17 | $1.40 | $1.56 | $1.58 | $1.68 | $1.70 | $2.02 | $1.58 | $2.07 | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 | $3.63 |
| Diluted shares (average) | — | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 5m | 8m | 8m | 8m | 8m | 8m | 14m | 15m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 36 | 45 | 43 | 45 | 60 | 59 | 42 |
| Net interest income | 20 | 19 | 26 | 36 | 38 | 37 | 37 | 37 |
| Non-interest income | 5 | 5 | 5 | 7 | 7 | 6 | 6 | 5 |
| Non-interest expense | 15 | 15 | 36 | 26 | 26 | 25 | 26 | 26 |
| Provision for credit losses | 0 | 0 | 13 | 1 | 0 | 1 | 0 | 1 |
| Income before tax | 9 | 9 | −18 | 17 | 18 | 17 | 17 | 15 |
| Income tax | 2 | 2 | −4 | 3 | 4 | 3 | 3 | 3 |
| Net income | 7 | 7 | −14 | 14 | 15 | 14 | 14 | 12 |
| Diluted EPS | $0.85 | $0.79 | −$1.29 | $0.90 | $0.97 | $0.96 | $0.91 | $0.83 |
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