← CHOICEONE FINANCIAL SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $27.2m |
$28.4m
+4.22%
|
$29.0m
+2.15%
|
$36.9m
+27.45%
|
$73.8m
+99.69%
|
$79.8m
+8.22%
|
$81.4m
+1.94%
|
$80.8m
-0.73%
|
$92.4m
+14.41%
|
$161.7m
+74.97%
|
$171.8m
+6.20%
|
|
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $19.0m | — | |
| Noninterest income: | ||||||||||||
| Interest Income (Expense), Net | $19.3m |
$20.6m
+6.31%
|
$22.1m
+7.30%
|
$27.8m
+25.87%
|
$51.1m
+83.89%
|
$60.6m
+18.74%
|
$67.3m
+11.00%
|
$65.9m
-2.12%
|
$74.4m
+12.99%
|
$137.1m
+84.13%
|
$216.3m
+57.80%
|
|
| Marketing and Advertising Expense | $222k | $298k | $308k | $528k | $588k | $848k | $764k | $721k | $788k | $981k | — | |
| Labor and Related Expense | $10.0m | $10.2m | $11.0m | $14.4m | $26.5m | $29.3m | $30.4m | $32.0m | $33.4m | $52.7m | — | |
| Amortization of Intangible Assets | $379k | — | — | $353k | $1.5m | $1.3m | $1.2m | $955k | $757k | $5.8m | — | |
| Operating Lease, Expense | — | — | — | — | $83k | $153k | $211k | $327k | $322k | $593k | — | |
| Noninterest expense: | ||||||||||||
| Interest Expense | $969k | $1.5m | $2.5m | $4.7m | $4.6m | $4.0m | $7.7m | $33.1m | — | — | $68.5m | |
| Total interest expense | — | — | — | — | — | — | — | — | $46.7m | $65.9m | — | |
| Interest income: | ||||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $34k | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | $0 | $0 | ($71k) | $0 | $0 | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $26.5m | $27.7m | $25.6m | $33.1m | $34.2m | $66.8m | |
| Current Income Tax Expense (Benefit) | $2.2m | $2.3m | $946k | $984k | $3.1m | $3.5m | $4.0m | $4.3m | $6.6m | $6.1m | $12.1m | |
| Income Tax Expense (Benefit) | $2.2m | $2.4m | $1.2m | $1.3m | $3.3m | $4.5m | $4.0m | $4.3m | $6.4m | $6.0m | $12.1m | |
| Net Income (Loss) Attributable to Parent | $6.1m |
$6.2m
+1.28%
|
$7.3m
+18.89%
|
$7.2m
-2.21%
|
$15.6m
+117.72%
|
$22.0m
+41.18%
|
$23.6m
+7.25%
|
$21.3m
-10.06%
|
$26.7m
+25.71%
|
$28.2m
+5.42%
|
$54.7m
+94.19%
|
|
| Earnings Per Share, Basic | $1.85 | $1.79 | $2.03 | $1.58 | $2.08 | $2.87 | $3.15 | $2.82 | $3.27 | $2.02 | $3.80 | |
| Earnings Per Share, Diluted | $1.85 | $1.78 | $2.02 | $1.58 | $2.07 | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 | $3.78 | |
| Common Stock, Dividends, Per Share, Declared | $0.68 | $0.67 | $0.71 | $1.40 | $0.82 | $0.94 | $1.01 | $1.05 | $1.09 | $1.13 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 3.3m | 3.4m | 3.6m | 4.5m | 7.5m | 7.7m | 7.5m | 7.5m | 8.2m | 13.9m | 15.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 3.3m | 3.4m | 3.6m | 4.5m | 7.5m | 7.7m | 7.5m | 7.6m | 8.2m | 14.0m | 15.1m | |
| Additional Financial Items | ||||||||||||
| Other Interest and Dividend Income | $21k | $102k | $131k | $268k | $266k | $84k | $491k | $3.8m | $4.7m | $3.5m | — | |
| Bank Owned Life Insurance Income | $356k | $398k | $385k | $773k | $772k | $809k | $1.3m | $1.1m | $1.9m | $2.4m | — | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | — | $12.0m | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | — | — | — |