ChoiceOne Financial Services (COFS) Revenue & Revenue Breakdown


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ChoiceOne Financial Services Revenue Highlights


Latest Revenue (Y)

$121.10M

Latest Revenue (Q)

$60.19M

ChoiceOne Financial Services Revenue by Period


ChoiceOne Financial Services Revenue by Year

DateRevenueChange
2024-12-31$121.10M49.90%
2023-12-31$80.79M-0.73%
2022-12-31$81.39M1.94%
2021-12-31$79.83M8.22%
2020-12-31$73.77M99.95%
2019-12-31$36.89M27.29%
2018-12-31$28.98M5.53%
2017-12-31$27.47M0.89%
2016-12-31$27.22M4.45%
2015-12-31$26.06M5.67%
2014-12-31$24.66M2.78%
2013-12-31$24.00M-2.30%
2012-12-31$24.56M2.09%
2011-12-31$24.06M6.19%
2010-12-31$22.66M5.56%
2009-12-31$21.46M10.56%
2008-12-31$19.41M-10.22%
2007-12-31$21.62M86.01%
2006-12-31$11.63M9.41%
2005-12-31$10.63M3.74%
2004-12-31$10.24M-5.90%
2003-12-31$10.88M-7.47%
2002-12-31$11.76M222.36%
2001-12-31$3.65M6.42%
2000-12-31$3.43M31.43%
1999-12-31$2.61M-4.19%
1998-12-31$2.72M17.98%
1997-12-31$2.31M11.07%
1996-12-31$2.08M153.41%
1995-12-31$820.00K13.42%
1994-12-31$723.00K-

ChoiceOne Financial Services generated $121.10M in revenue during NA 2024, up 49.90% compared to the previous quarter, and up 328.25% compared to the same period a year ago.

ChoiceOne Financial Services Revenue by Quarter

DateRevenueChange
2025-06-30$60.19M34.11%
2025-03-31$44.88M24.56%
2024-12-31$36.03M-1.44%
2024-09-30$36.56M7.44%
2024-06-30$34.03M4.75%
2024-03-31$32.48M1.48%
2023-12-31$32.01M6.66%
2023-09-30$30.01M11.97%
2023-06-30$26.80M6.91%
2023-03-31$25.07M2.81%
2022-12-31$24.38M9.19%
2022-09-30$22.33M5.86%
2022-06-30$21.10M-1.05%
2022-03-31$21.32M1.70%
2021-12-31$20.96M-2.25%
2021-09-30$21.44M6.42%
2021-06-30$20.15M-5.19%
2021-03-31$21.25M2.54%
2020-12-31$20.73M-3.48%
2020-09-30$21.48M9.50%
2020-06-30$19.61M18.21%
2020-03-31$16.59M1.62%
2019-12-31$16.33M92.18%
2019-09-30$8.50M-1.01%
2019-06-30$8.58M4.23%
2019-03-31$8.23M1.06%
2018-12-31$8.15M0.44%
2018-09-30$8.11M3.53%
2018-06-30$7.84M6.66%
2018-03-31$7.35M10.68%
2017-12-31$6.64M-8.09%
2017-09-30$7.22M2.86%
2017-06-30$7.02M6.60%
2017-03-31$6.59M-4.05%
2016-12-31$6.86M-1.89%
2016-09-30$7.00M2.27%
2016-06-30$6.84M4.88%
2016-03-31$6.52M4.10%
2015-12-31$6.27M-4.84%
2015-09-30$6.58M2.41%
2015-06-30$6.43M-5.22%
2015-03-31$6.78M5.59%
2014-12-31$6.42M0.85%
2014-09-30$6.37M5.64%
2014-06-30$6.03M1.81%
2014-03-31$5.92M-1.58%
2013-12-31$6.02M5.32%
2013-09-30$5.71M-6.94%
2013-06-30$6.14M0.29%
2013-03-31$6.12M-2.64%
2012-12-31$6.29M2.09%
2012-09-30$6.16M2.62%
2012-06-30$6.00M-1.78%
2012-03-31$6.11M-1.28%
2011-12-31$6.19M2.69%
2011-09-30$6.03M-1.10%
2011-06-30$6.10M6.11%
2011-03-31$5.75M-0.88%
2010-12-31$5.80M0.73%
2010-09-30$5.75M3.84%
2010-06-30$5.54M-0.47%
2010-03-31$5.57M5.70%
2009-12-31$5.27M-2.75%
2009-09-30$5.42M-1.65%
2009-06-30$5.51M4.42%
2009-03-31$5.27M22.20%
2008-12-31$4.32M-15.21%
2008-09-30$5.09M2.27%
2008-06-30$4.98M-1.07%
2008-03-31$5.03M-13.66%
2007-12-31$5.83M-

ChoiceOne Financial Services generated $60.19M in revenue during Q2 2025, up 34.11% compared to the previous quarter, and up 185.29% compared to the same period a year ago.

ChoiceOne Financial Services Revenue Breakdown


ChoiceOne Financial Services Revenue Breakdown by Product

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Sep 24Jun 24Mar 24Sep 23Jun 23
Trust Fee Income$596.00K$506.00K$232.00K$220.00K$213.00K$197.00K$196.00K
Insurance and Investment Commissions$540.00K------
Other Charges and Fees for Customer Services$198.00K$162.00K$162.00K$99.00K$149.00K$184.00K$155.00K
Investment Commission Income-$295.00K$184.00K$190.00K$198.00K$173.00K$172.00K
Service Charges and Fees on Deposit Accounts--$1.23M$1.13M$1.12M$1.18M$1.10M
Interchange Income--$1.54M$1.53M$1.29M$1.21M$1.17M

ChoiceOne Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Trust Fee Income (44.68%), Insurance and Investment Commissions (40.48%), and Other Charges and Fees for Customer Services (14.84%).

ChoiceOne Financial Services Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FGBIFirst Guaranty Bancshares$221.71M$54.32M
BWFGBankwell Financial Group$191.99M$47.14M
MNSBMainStreet Bancshares$134.62M$35.18M
COFSChoiceOne Financial Services$121.10M$60.19M
FDBCFidelity D & D Bancorp$107.02M$1.28K
FRAFFranklin Financial Services$101.45M$33.70M
OVLYOak Valley Bancorp$78.21M$19.86M
CBFVCB Financial Services$76.13M$19.69M

COFS Revenue FAQ


What is ChoiceOne Financial Services’s yearly revenue?

ChoiceOne Financial Services's yearly revenue for 2024 was $121.1M, representing an increase of 49.90% compared to 2023. The company's yearly revenue for 2023 was $80.79M, representing a decrease of -0.73% compared to 2022. COFS's yearly revenue for 2022 was $81.39M, representing an increase of 1.94% compared to 2021.

What is ChoiceOne Financial Services’s quarterly revenue?

ChoiceOne Financial Services's quarterly revenue for Q2 2025 was $60.19M, a 34.11% increase from the previous quarter (Q1 2025), and a 76.89% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $44.88M, a 24.56% increase from the previous quarter (Q4 2024), and a 38.17% increase year-over-year (Q1 2024). COFS's quarterly revenue for Q4 2024 was $36.03M, a -1.44% decrease from the previous quarter (Q3 2024), and a 12.57% increase year-over-year (Q4 2023).

What is ChoiceOne Financial Services’s revenue growth rate?

ChoiceOne Financial Services's revenue growth rate for the last 3 years (2022-2024) was 48.80%, and for the last 5 years (2020-2024) was 64.17%.