ChoiceOne Financial Services (COFS) financial statements
ChoiceOne Financial Services reported revenue of $19M in fiscal 2025, down 3.9% a year over 9 years.
Net income was $28M.
Free cash flow was $25M, and the company returned $17M in dividends and $3M in net buybacks.
The diluted share count rose 286% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ChoiceOne Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27M | $28M | $29M | $37M | $74M | $80M | $89M | $114M | $13M | $19M |
| Interest expense | $969,000 | $1M | $2M | $5M | $5M | $4M | $8M | $33M | — | — |
| Pre-tax income | $8M | $9M | $8M | $8M | $19M | $26M | $28M | $26M | $33M | $34M |
| Income tax | $2M | $2M | $1M | $1M | $3M | $4M | $4M | $4M | $6M | $6M |
| Net income | $6M | $6M | $7M | $7M | $16M | $22M | $24M | $21M | $27M | $28M |
| EPS (diluted) | $1.68 | $1.70 | $2.02 | $1.58 | $2.07 | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 |
| Diluted shares | 4M | 4M | 4M | 5M | 8M | 8M | 8M | 8M | 8M | 14M |
| Net margin | 22.4% | 21.7% | 25.3% | 19.4% | 21.2% | 27.6% | 26.5% | 18.7% | 209.1% | 148.3% |
Balance sheet
Fiscal years, from ChoiceOne Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $15M | $37M | $20M | $60M | $80M | $32M | $44M | $55M | $97M | $88M |
| Property, plant and equipment | $13M | $13M | $16M | $24M | $29M | $30M | $28M | $30M | $27M | $48M |
| Goodwill | $14M | $14M | $14M | $53M | $61M | $60M | $60M | $60M | $60M | $130M |
| Total assets | $607M | $647M | $671M | $1.4B | $1.9B | $2.4B | $2.4B | $2.6B | $2.7B | $4.4B |
| Total liabilities | $536M | $570M | $590M | $1.2B | $1.7B | $2.1B | $2.2B | $2.4B | $2.5B | $3.9B |
| Shareholders' equity | $72M | $77M | $80M | $192M | $227M | $222M | $161M | $196M | $260M | $465M |
| Net debt | -$15M | -$37M | -$20M | -$60M | -$80M | -$32M | -$44M | -$55M | -$97M | -$88M |
Cash flow
Fiscal years, from ChoiceOne Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $8M | $10M | $9M | $8M | $38M | $44M | $46M | $47M | $32M |
| Capital spending | $2M | $2M | $4M | $766,000 | $2M | $3M | $1M | $4M | $2M | $7M |
| Free cash flow | $9M | $6M | $6M | $8M | $7M | $35M | $43M | $42M | $45M | $25M |
| Stock-based compensation | $380,000 | $317,000 | $344,000 | $373,000 | $512,000 | $812,000 | $958,000 | $1M | $720,000 | $883,000 |
| Dividends paid | $2M | $2M | $3M | $6M | $6M | $7M | $8M | $8M | $9M | $17M |
| Share buybacks (net) | -$794,000 | -$203,000 | -$523,000 | -$67,000 | $0 | -$8M | -$682,000 | $0 | $0 | -$3M |
| Net borrowing | — | — | -$15M | $5M | -$24M | $73M | $0 | $300M | -$50M | -$80M |
| Free cash flow margin | 33.5% | 22.7% | 19.8% | 22.8% | 9.0% | 43.8% | 48.4% | 37.0% | 355.0% | 132.6% |
| Dividends per share | $0.62 | $0.64 | $0.71 | $1.28 | $0.82 | $0.93 | $1.01 | $1.04 | $1.10 | $1.21 |
Questions
What was ChoiceOne Financial Services's revenue in 2025?
$19M in fiscal 2025, from its 10-K filing.
How much free cash flow does ChoiceOne Financial Services generate?
$25M in fiscal 2025 (operating cash flow minus capital spending).
From ChoiceOne Financial Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.