ChoiceOne Financial Services, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $227.6M | $139.1M | $113.9M | $89.1M | $79.8M | $73.8M | $36.9M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $34.2M | $33.1M | $58.7M | $35.4M | $30.5M | $23.5M | $13.2M |
| Operating Margin | — | 15.0% | 23.8% | 51.5% | 39.7% | 38.2% | 31.9% | 35.6% |
| Interest Expense | — | — | — | $33.1M | $7.7M | $4.0M | $4.6M | $4.7M |
| Pretax Income | — | $34.2M | $33.1M | $25.6M | $27.7M | $26.5M | $18.9M | $8.5M |
| Income Tax Expense | — | $6.0M | $6.4M | $4.3M | $4.0M | $4.5M | $3.3M | $1.3M |
| Net Income | — | $28.2M | $26.7M | $21.3M | $23.6M | $22.0M | $15.6M | $7.2M |
| Net Margin | — | 12.4% | 19.2% | 18.7% | 26.5% | 27.6% | 21.2% | 19.4% |
| EPS (Basic) | — | $2.02 | $3.27 | $2.82 | $3.15 | $2.87 | $2.08 | $1.58 |
| EPS (Diluted) | — | $2.01 | $3.25 | $2.82 | $3.15 | $2.86 | $2.07 | $1.58 |
| Shares Outstanding (Basic) | 15.0M | 13.9M | 8.2M | 7.5M | 7.5M | 7.7M | 7.5M | 4.5M |
| Shares Outstanding (Diluted) | 15.0M | 14.0M | 8.2M | 7.6M | 7.5M | 7.7M | 7.5M | 4.5M |
| Dividends Per Share | — | $1.13 | $1.09 | $1.05 | $1.01 | $0.94 | $0.82 | $1.40 |