ChoiceOne Financial Services (COFS) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

ChoiceOne Financial Services Revenue Highlights

Latest Revenue (Y)

$192.89M

Latest Revenue (Q)

$54.70M

Main Segment (Y)

Interchange Income

ChoiceOne Financial Services Revenue by Period

ChoiceOne Financial Services Revenue by Year

Date	Revenue	Change
2025-12-31	$192.89M	38.67%
2024-12-31	$139.10M	22.14%
2023-12-31	$113.89M	27.77%
2022-12-31	$89.13M	6.35%
2021-12-31	$83.81M	6.89%
2020-12-31	$78.41M	88.31%
2019-12-31	$41.64M	32.42%
2018-12-31	$31.45M	8.64%
2017-12-31	$28.94M	2.66%
2016-12-31	$28.19M	4.21%
2015-12-31	$27.05M	4.80%
2014-12-31	$25.82M	2.20%
2013-12-31	$25.26M	-6.82%
2012-12-31	$27.11M	-1.83%
2011-12-31	$27.61M	0.31%
2010-12-31	$27.53M	-3.59%
2009-12-31	$28.55M	-8.04%
2008-12-31	$31.05M	-11.91%
2007-12-31	$35.25M	73.44%
2006-12-31	$20.32M	27.78%
2005-12-31	$15.90M	11.15%
2004-12-31	$14.31M	-7.32%
2003-12-31	$15.44M	-13.87%
2002-12-31	$17.93M	47.33%
2001-12-31	$12.17M	-1.23%
2000-12-31	$12.32M	28.28%
1999-12-31	$9.60M	0.81%
1998-12-31	$9.53M	11.29%
1997-12-31	$8.56M	26.95%
1996-12-31	$6.74M	722.32%
1995-12-31	$820.00K	13.42%
1994-12-31	$723.00K	-

ChoiceOne Financial Services generated $192.89M in revenue during NA 2025, up 38.67% compared to the previous quarter, and up 245.99% compared to the same period a year ago.

ChoiceOne Financial Services Revenue by Quarter

Date	Revenue	Change
2025-09-30	$54.70M	-9.12%
2025-06-30	$60.19M	34.11%
2025-03-31	$44.88M	24.56%
2024-12-31	$36.03M	-1.44%
2024-09-30	$36.56M	7.44%
2024-06-30	$34.03M	4.75%
2024-03-31	$32.48M	1.48%
2023-12-31	$32.01M	6.66%
2023-09-30	$30.01M	11.97%
2023-06-30	$26.80M	6.91%
2023-03-31	$25.07M	2.81%
2022-12-31	$24.38M	9.19%
2022-09-30	$22.33M	5.86%
2022-06-30	$21.10M	-1.05%
2022-03-31	$21.32M	1.70%
2021-12-31	$20.96M	-2.25%
2021-09-30	$21.44M	6.42%
2021-06-30	$20.15M	-5.19%
2021-03-31	$21.25M	2.54%
2020-12-31	$20.73M	-3.48%
2020-09-30	$21.48M	9.50%
2020-06-30	$19.61M	18.21%
2020-03-31	$16.59M	1.62%
2019-12-31	$16.33M	92.18%
2019-09-30	$8.50M	-1.01%
2019-06-30	$8.58M	4.23%
2019-03-31	$8.23M	1.06%
2018-12-31	$8.15M	0.44%
2018-09-30	$8.11M	3.53%
2018-06-30	$7.84M	6.66%
2018-03-31	$7.35M	10.68%
2017-12-31	$6.64M	-8.09%
2017-09-30	$7.22M	2.86%
2017-06-30	$7.02M	6.60%
2017-03-31	$6.59M	-4.05%
2016-12-31	$6.86M	-1.89%
2016-09-30	$7.00M	2.27%
2016-06-30	$6.84M	4.88%
2016-03-31	$6.52M	4.10%
2015-12-31	$6.27M	-4.84%
2015-09-30	$6.58M	2.41%
2015-06-30	$6.43M	-5.22%
2015-03-31	$6.78M	5.59%
2014-12-31	$6.42M	0.85%
2014-09-30	$6.37M	5.64%
2014-06-30	$6.03M	1.81%
2014-03-31	$5.92M	-1.58%
2013-12-31	$6.02M	5.32%
2013-09-30	$5.71M	-6.94%
2013-06-30	$6.14M	0.29%
2013-03-31	$6.12M	-2.64%
2012-12-31	$6.29M	2.09%
2012-09-30	$6.16M	2.62%
2012-06-30	$6.00M	-1.78%
2012-03-31	$6.11M	-1.28%
2011-12-31	$6.19M	2.69%
2011-09-30	$6.03M	-1.10%
2011-06-30	$6.10M	6.11%
2011-03-31	$5.75M	-0.88%
2010-12-31	$5.80M	0.73%
2010-09-30	$5.75M	3.84%
2010-06-30	$5.54M	-0.47%
2010-03-31	$5.57M	5.70%
2009-12-31	$5.27M	-2.75%
2009-09-30	$5.42M	-1.65%
2009-06-30	$5.51M	4.42%
2009-03-31	$5.27M	22.20%
2008-12-31	$4.32M	-15.21%
2008-09-30	$5.09M	2.27%
2008-06-30	$4.98M	-1.07%
2008-03-31	$5.03M	-13.66%
2007-12-31	$5.83M	-

ChoiceOne Financial Services generated $54.70M in revenue during Q3 2025, up -9.12% compared to the previous quarter, and up 160.75% compared to the same period a year ago.

ChoiceOne Financial Services Revenue Breakdown

ChoiceOne Financial Services Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25
Trust Fee Income	$2.52M
Interchange Income	$7.81M
Other Charges and Fees for Customer Services	$751.00K

ChoiceOne Financial Services's latest annual revenue breakdown by segment (product or service), as of Dec 25: Interchange Income (70.45%), Trust Fee Income (22.77%), and Other Charges and Fees for Customer Services (6.77%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23
Interchange Income	$5.68M	$2.13M	$1.54M	$1.53M	$1.29M	$1.21M	$1.17M	-	-
Trust Fee Income	$689.00K	$734.00K	$596.00K	$506.00K	$232.00K	$220.00K	$213.00K	$197.00K	$196.00K
Other Charges and Fees for Customer Services	$187.00K	$204.00K	$198.00K	$162.00K	$162.00K	$99.00K	$149.00K	$184.00K	$155.00K
Insurance and Investment Commissions	-	$485.00K	$540.00K	-	-	-	-	-	-
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

ChoiceOne Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Interchange Income (86.63%), Trust Fee Income (10.51%), and Other Charges and Fees for Customer Services (2.85%).

ChoiceOne Financial Services Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PGC	Peapack-Gladstone Financial	$441.36M	$70.69K
CBNK	Capital Bancorp	$303.63M	$24.73M
BWB	Bridgewater Bancshares	$291.63M	$1.19K
PFIS	Peoples Financial Services	$280.95M	$71.10M
FBIZ	First Business Financial Services	$279.25M	$48.91M
HBCP	Home Bancorp	$209.23M	$41.50M
COFS	ChoiceOne Financial Services	$192.89M	$54.70M
NFBK	Northfield Bancorp	$184.25M	$55.40M
ACNB	ACNB	$170.38M	$50.90M
RRBI	Red River Bancshares	$169.85M	$38.15M
KRNY	Kearny Financial	$33.37M	$86.22M

COFS Revenue FAQ

What is ChoiceOne Financial Services’s yearly revenue?

ChoiceOne Financial Services's yearly revenue for 2025 was $192.89M, representing an increase of 38.67% compared to 2024. The company's yearly revenue for 2024 was $139.1M, representing an increase of 22.14% compared to 2023. COFS's yearly revenue for 2023 was $113.89M, representing an increase of 27.77% compared to 2022.

What is ChoiceOne Financial Services’s quarterly revenue?

ChoiceOne Financial Services's quarterly revenue for Q3 2025 was $54.7M, a -9.12% decrease from the previous quarter (Q2 2025), and a 49.62% increase year-over-year (Q3 2024). The company'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). COFS'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).

What is ChoiceOne Financial Services’s revenue growth rate?

ChoiceOne Financial Services's revenue growth rate for the last 3 years (2023-2025) was 69.37%, and for the last 5 years (2021-2025) was 130.14%.

What are ChoiceOne Financial Services’s revenue streams?

ChoiceOne Financial Services's revenue streams in c 25 are Trust Fee Income, Interchange Income, and Other Charges and Fees for Customer Services. Trust Fee Income generated $2.52M in revenue, accounting 22.77% of the company's total revenue Interchange Income generated $7.81M in revenue, accounting 70.45% of the company's total revenue Other Charges and Fees for Customer Services generated $751K in revenue, accounting 6.77% of the company's total revenue

What is ChoiceOne Financial Services’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of ChoiceOne Financial Services was Interchange Income. This segment made a revenue of $7.81M, representing 70.45% of the company's total revenue.