# ChoiceOne Financial Services, Inc. (COFS)

> Source: Nexqual · https://nexqual.com/COFS · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, ChoiceOne Financial Services, Inc. (COFS), nexqual.com/COFS" · informational, not investment advice.

**Price:** USD 34.41 (-0.89% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 34.41 · day 33.59–34.9 · 52w 26.63–35.4 · market cap null · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $206M, net income $54.7M (26.6% margin) (SEC filings).
- Valuation: P/E 9.4x (avg 12.0x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 37 (range 35–38).
- Total return with dividends: 1Y +23.1% vs S&P 500 +13.6%; 5Y +66.1% vs S&P 500 +79.8%.
- Next earnings: 2026-10-30, EPS estimate USD 0.93, revenue estimate $44.5M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $79.8M | $89.1M | $114M | $139M | $228M | $206M |
| Net income | $22.0M | $23.6M | $21.3M | $26.7M | $28.2M | $54.7M |
| EPS (diluted) | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 | — |
| Free cash flow | $34.9M | $43.2M | $42.1M | $45.4M | $25.2M | $51.0M |
| Net margin | 27.6% | 26.5% | 18.7% | 19.2% | 12.4% | 26.6% |
| Revenue growth | +8.2% | +11.6% | +27.8% | +22.1% | +63.6% | — |
| Cash + short-term investments | $31.9M | $43.9M | $55.4M | $96.8M | $88.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 9.4x · P/S 2.5x · P/FCF 10.1x · P/B 1.1x · FCF yield 9.92% · Earnings yield 10.63% · Dividend yield (paid, TTM) 3.35%
P/E at fiscal year-ends: Dec 2025 14.7x, Dec 2024 11.0x, Dec 2023 10.4x.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 37 (low 35, high 38).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | DA Davidson | Target raised | Buy | $36 → $38 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +23.1% | +66.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +23.2% | +10.7% |
| Volatility (annualized) | 23.9% | 31.7% |
| Max drawdown | -15.3% (Dec 2025→Mar 2026) | -41.7% (Dec 2022→Oct 2023) |

## Peers (Banks - Regional)
FITB (Fifth Third Bancorp) USD 53.47 -0.22% · NU (Nu Holdings Ltd.) USD 11.97 -3.47% · TFC (Truist Financial Corporation) USD 48.42 -0.25% · DB (Deutsche Bank AG) USD 33.51 +4.33% · NWG (NatWest Group plc) USD 17.23 +2.13% · LYG (Lloyds Banking Group Plc) USD 5.5 +1.85%

## More
Full page: https://nexqual.com/COFS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Interchange Income | $2.1M | 39.4% | +2.7% |
| Customer Service Charges | $1.7M | 32.1% | +24.6% |
| Insurance & Investment Commission Income | $720,000 | 13.3% | +33.3% |
| Trust Fee Income | $671,000 | 12.4% | +12.6% |
| Other Charges & Fees For Customer Services | $155,000 | 2.9% | -21.7% |
| Total revenue | $5.4M | 100% | — |

## Company outlook (8-K filed 2026-07-24)

- "ChoiceOne expects to open a full service branch and lending office in Troy, MI later in 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.93 | $0.90 | +2.6% | $44.5M | 3 |
| Next quarter (ends 2026-12-31) | $0.93 | $0.90 | +2.6% | $44.9M | 3 |
| Current fiscal year (ends 2026-12-31) | $3.67 | $3.61 | +1.7% | $174.8M | 3 |
| Next fiscal year (ends 2027-12-31) | $3.72 | $3.68 | +1.1% | $181.3M | 3 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.83 | $0.88 | Miss −5.7% | — |
| — | Quarter ended Mar 31, 2026 | $0.91 | $0.85 | Beat +7.1% | — |
| — | Quarter ended Dec 31, 2025 | $0.92 | $0.90 | Beat +2.2% | — |
| — | Quarter ended Sep 30, 2025 | $0.97 | $0.86 | Beat +12.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-10 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/803164/000119312526342347/0001193125-26-342347-index.htm |
| 2026-07-24 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/803164/000119312526315065/0001193125-26-315065-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.