COFS
Income statement / Annual
Last year (2024), ChoiceOne Financial Services, Inc.'s total revenue was $139.10 M,
an increase of 22.14% 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 |
$139.10 M |
$113.89 M |
$89.13 M |
$83.81 M |
$78.41 M |
$41.64 M |
$31.45 M |
$28.94 M |
$28.19 M |
$27.05 M |
Cost of Revenue |
$47.29 M
|
$33.25 M
|
$8.00 M
|
$4.39 M
|
$8.64 M
|
$4.70 M
|
$2.50 M
|
$1.96 M
|
$969.00 K
|
$1.09 M
|
Gross Profit |
$91.81 M
|
$80.64 M
|
$81.14 M
|
$79.42 M
|
$69.77 M
|
$36.94 M
|
$28.95 M
|
$26.98 M
|
$27.22 M
|
$25.96 M
|
Gross Profit Ratio |
0.66
|
0.71
|
0.91
|
0.95
|
0.89
|
0.89
|
0.92
|
0.93
|
0.97
|
0.96
|
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 |
$34.74 M
|
$33.15 M
|
$31.11 M
|
$30.10 M
|
$26.99 M
|
$14.40 M
|
$11.18 M
|
$10.45 M
|
$10.22 M
|
$9.56 M
|
Selling & Marketing Expenses |
$788.00 K
|
$721.00 K
|
$764.00 K
|
$848.00 K
|
$588.00 K
|
$528.00 K
|
$308.00 K
|
$298.00 K
|
$222.00 K
|
$253.00 K
|
Selling, General & Administrative Expenses |
$35.53 M
|
$33.87 M
|
$31.88 M
|
$30.95 M
|
$27.58 M
|
$14.97 M
|
$11.49 M
|
$10.75 M
|
$10.44 M
|
$9.81 M
|
Other Expenses |
$23.19 M
|
$21.21 M
|
$21.60 M
|
$21.97 M
|
$23.31 M
|
$13.50 M
|
$8.97 M
|
$7.68 M
|
$8.53 M
|
$8.46 M
|
Operating Expenses |
$58.72 M
|
$55.07 M
|
$53.48 M
|
$52.92 M
|
$50.88 M
|
$28.48 M
|
$20.46 M
|
$18.43 M
|
$18.97 M
|
$18.28 M
|
Cost And Expenses |
$106.01 M
|
$88.32 M
|
$61.47 M
|
$57.31 M
|
$59.53 M
|
$33.18 M
|
$22.96 M
|
$20.39 M
|
$19.94 M
|
$19.37 M
|
Interest Income |
$121.10 M
|
$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
|
$969.00 K
|
$990.00 K
|
Depreciation & Amortization |
$12.33 M
|
$12.43 M
|
$13.34 M
|
$12.43 M
|
$7.71 M
|
$3.13 M
|
$2.08 M
|
$2.45 M
|
$2.61 M
|
$2.48 M
|
EBITDA |
$45.42 M |
$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 |
EBITDA Ratio |
0.33
|
0.33
|
0.46
|
0.46
|
0.34
|
0.28
|
0.34
|
0.38
|
0.39
|
0.38
|
Operating Income Ratio |
0.24
|
0.22
|
0.31
|
0.32
|
0.24
|
0.2
|
0.27
|
0.3
|
0.29
|
0.28
|
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 |
$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 |
0.24
|
0.22
|
0.31
|
0.32
|
0.24
|
0.2
|
0.27
|
0.3
|
0.29
|
0.28
|
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 |
0.19
|
0.19
|
0.27
|
0.26
|
0.2
|
0.17
|
0.23
|
0.21
|
0.22
|
0.21
|
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 |
2.82 |
3.15 |
2.86 |
2.07 |
1.58 |
2.02 |
1.7 |
1.68 |
1.58 |
Weighted Average Shares Out |
$8.17 M
|
$7.54 M
|
$7.51 M
|
$7.68 M
|
$7.51 M
|
$7.25 M
|
$3.63 M
|
$3.62 M
|
$3.63 M
|
$3.63 M
|
Weighted Average Shares Out Diluted |
$8.22 M
|
$7.57 M
|
$7.53 M
|
$7.70 M
|
$7.53 M
|
$4.54 M
|
$3.63 M
|
$3.62 M
|
$3.63 M
|
$3.64 M
|
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