COFS
Income statement / Annual
Last year (2023), ChoiceOne Financial Services, Inc.'s total revenue was $80.64 M,
a decrease of 0.92% from the previous year.
In 2023, ChoiceOne Financial Services, Inc.'s net income was $21.26 M.
See ChoiceOne Financial Services, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$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
|
$24.67 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$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 |
$24.67 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 |
$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
|
$8.79 M
|
| Selling & Marketing
Expenses |
$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
|
$275,000.00
|
| Selling, General &
Administrative Expenses |
$48.33 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
|
$8.79 M
|
| Other Expenses |
$0.00 |
-$16.90 M |
-$82.64 M |
-$81.42 M |
-$42.83 M |
-$32.14 M |
-$6.19 M |
-$6.40 M |
$0.00 |
$0.00 |
| Operating Expenses |
$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 |
$16.79 M |
| Cost And Expenses |
$88.57 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 |
$16.79 M |
| Interest Income |
$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 |
$19.01 M |
| Interest Expense |
$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 |
$1.15 M |
| Depreciation &
Amortization |
$12.43 M
|
$3.81 M
|
$3.93 M
|
$4.22 M
|
$1.96 M
|
$1.18 M
|
$1.39 M
|
$1.46 M
|
$2.48 M
|
$2.48 M
|
| EBITDA |
$38.00 M
|
$41.00 M
|
$38.92 M
|
$26.59 M
|
$11.59 M
|
$10.56 M
|
$11.01 M
|
$10.86 M
|
$10.17 M
|
$10.25 M
|
| EBITDA Ratio |
0.47 |
0.45 |
0.35 |
0.28 |
0.31 |
0.45 |
0.4 |
0.4 |
0.39 |
0.42 |
| Operating Income Ratio
|
0.32
|
0.44
|
0.33
|
0.26
|
0.23
|
0.38
|
0.31
|
0.3
|
0.29
|
0.32
|
| Total Other
Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$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 |
$7.77 M |
| Income Before Tax Ratio
|
0.32
|
0.34
|
0.33
|
0.26
|
0.23
|
0.29
|
0.31
|
0.3
|
0.29
|
0.32
|
| Income Tax Expense |
$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 |
$2.08 M |
| Net Income |
$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 |
$5.70 M |
| Net Income Ratio |
0.26 |
0.29 |
0.28 |
0.21 |
0.19 |
0.25 |
0.22 |
0.22 |
0.22 |
0.23 |
| EPS |
2.82 |
3.15 |
2.87 |
2.08 |
1.58 |
2.03 |
1.7 |
1.68 |
1.58 |
1.57 |
| EPS Diluted |
2.81 |
3.14 |
2.86 |
2.07 |
1.58 |
2.02 |
1.7 |
1.68 |
1.58 |
1.56 |
| Weighted Average Shares
Out |
$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
|
$3.63 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$3.65 M
|
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