COFS
Income statement / Annual
Last year (2024), ChoiceOne Financial Services, Inc.'s total revenue was $121.10 M,
an increase of 49.90% from the previous year.
In 2024, ChoiceOne Financial Services, Inc.'s net income was $26.73 M.
See ChoiceOne Financial Services, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$121.10 M |
$80.79 M |
$81.39 M |
$79.84 M |
$73.77 M |
$36.89 M |
$28.98 M |
$27.47 M |
$27.22 M |
$26.06 M |
| Cost of Revenue |
$0.00
|
$150,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$121.10 M
|
$80.64 M
|
$81.39 M
|
$79.84 M
|
$73.77 M
|
$36.89 M
|
$28.98 M
|
$27.47 M
|
$27.22 M
|
$26.06 M
|
| Gross Profit Ratio |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$2.47 M
|
$33.15 M
|
$30.39 M
|
$29.30 M
|
$26.54 M
|
$14.40 M
|
$11.00 M
|
$10.25 M
|
$9.98 M
|
$9.27 M
|
| Selling & Marketing Expenses |
$788,000.00
|
$721,000.00
|
$764,000.00
|
$848,000.00
|
$588,000.00
|
$528,000.00
|
$308,000.00
|
$298,000.00
|
$222,000.00
|
$253,000.00
|
| Selling, General & Administrative Expenses |
$3.26 M
|
$33.87 M
|
$30.39 M
|
$29.30 M
|
$26.54 M
|
$14.40 M
|
$11.00 M
|
$10.25 M
|
$9.98 M
|
$9.27 M
|
| Other Expenses |
$0.00
|
$46.92 M
|
-$16.90 M
|
-$82.64 M
|
-$81.42 M
|
-$42.83 M
|
-$32.14 M
|
-$6.19 M
|
-$6.40 M
|
$0.00
|
| Operating Expenses |
$3.26 M
|
$80.79 M
|
$2.94 M
|
-$53.34 M
|
-$54.88 M
|
-$28.43 M
|
-$18.04 M
|
$6.19 M
|
$6.40 M
|
$18.28 M
|
| Cost And Expenses |
$3.26 M
|
$80.79 M
|
$2.94 M
|
-$53.34 M
|
-$54.88 M
|
-$28.43 M
|
-$18.04 M
|
$19.89 M
|
$18.53 M
|
$18.28 M
|
| Interest Income |
$0.00
|
$98.98 M
|
$75.06 M
|
$64.62 M
|
$55.72 M
|
$32.47 M
|
$24.53 M
|
$22.04 M
|
$20.31 M
|
$19.35 M
|
| Interest Expense |
$46.66 M
|
$33.10 M
|
$7.75 M
|
$3.98 M
|
$4.64 M
|
$4.70 M
|
$2.46 M
|
$1.48 M
|
$969,000.00
|
$990,000.00
|
| Depreciation & Amortization |
$0.00
|
$0.00
|
$3.81 M
|
$3.93 M
|
$4.22 M
|
$1.96 M
|
$1.18 M
|
$1.39 M
|
$1.46 M
|
$2.48 M
|
| EBITDA |
$0.00 |
$0.00 |
$41.00 M |
$38.92 M |
$26.59 M |
$11.59 M |
$10.56 M |
$11.01 M |
$10.86 M |
$10.17 M |
| EBITDA Ratio |
0
|
0
|
0.45
|
0.35
|
0.28
|
0.31
|
0.45
|
0.4
|
0.4
|
0.39
|
| Operating Income Ratio |
0.97
|
0.32
|
0.44
|
0.33
|
0.26
|
0.23
|
0.38
|
0.31
|
0.3
|
0.29
|
| Total Other Income/Expenses Net |
-$84.76 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$33.09 M
|
$25.57 M
|
$27.66 M
|
$26.50 M
|
$18.89 M
|
$8.47 M
|
$8.49 M
|
$8.56 M
|
$8.25 M
|
$7.69 M
|
| Income Before Tax Ratio |
0.27
|
0.32
|
0.34
|
0.33
|
0.26
|
0.23
|
0.29
|
0.31
|
0.3
|
0.29
|
| Income Tax Expense |
$6.36 M
|
$4.31 M
|
$4.02 M
|
$4.46 M
|
$3.27 M
|
$1.29 M
|
$1.16 M
|
$2.39 M
|
$2.16 M
|
$1.95 M
|
| Net Income |
$26.73 M
|
$21.26 M
|
$23.64 M
|
$22.04 M
|
$15.61 M
|
$7.17 M
|
$7.33 M
|
$6.17 M
|
$6.09 M
|
$5.74 M
|
| Net Income Ratio |
0.22
|
0.26
|
0.29
|
0.28
|
0.21
|
0.19
|
0.25
|
0.22
|
0.22
|
0.22
|
| EPS |
3.09 |
2.82 |
3.15 |
2.87 |
2.08 |
1.58 |
2.03 |
1.7 |
1.68 |
1.58 |
| EPS Diluted |
3.13 |
2.81 |
3.14 |
2.86 |
2.07 |
1.58 |
2.02 |
1.7 |
1.68 |
1.58 |
| Weighted Average Shares Out |
$8.64 M
|
$7.53 M
|
$7.50 M
|
$7.69 M
|
$7.52 M
|
$4.53 M
|
$3.61 M
|
$3.62 M
|
$3.62 M
|
$3.63 M
|
| Weighted Average Shares Out Diluted |
$8.54 M
|
$7.57 M
|
$7.53 M
|
$7.70 M
|
$7.53 M
|
$4.54 M
|
$3.63 M
|
$3.63 M
|
$3.63 M
|
$3.64 M
|
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