ChoiceOne Financial Services (COFS) Revenue & Revenue Breakdown


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ChoiceOne Financial Services Revenue Highlights


Latest Revenue (Y)

$114.13M

Latest Revenue (Q)

$32.45M

ChoiceOne Financial Services Revenue by Period


ChoiceOne Financial Services Revenue by Year

DateRevenueChange
2023-12-31$114.13M40.24%
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 $114.13M in revenue during NA 2023, up 40.24% compared to the previous quarter, and up 393.78% compared to the same period a year ago.

ChoiceOne Financial Services Revenue by Quarter

DateRevenueChange
2024-03-31$32.45M2.04%
2023-12-31$31.80M59.55%
2023-09-30$19.93M1.81%
2023-06-30$19.58M-5.35%
2023-03-31$20.68M-2.05%
2022-12-31$21.11M3.58%
2022-09-30$20.39M3.38%
2022-06-30$19.72M-2.22%
2022-03-31$20.17M1.39%
2021-12-31$19.89M-2.59%
2021-09-30$20.42M6.12%
2021-06-30$19.24M-5.17%
2021-03-31$20.29M3.09%
2020-12-31$19.68M-3.47%
2020-09-30$20.39M9.43%
2020-06-30$18.63M23.63%
2020-03-31$15.07M3.18%
2019-12-31$14.61M94.59%
2019-09-30$7.51M-0.29%
2019-06-30$7.53M3.78%
2019-03-31$7.25M-0.83%
2018-12-31$7.32M-1.45%
2018-09-30$7.42M1.81%
2018-06-30$7.29M4.82%
2018-03-31$6.96M4.79%
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 $32.45M in revenue during Q1 2024, up 2.04% compared to the previous quarter, and up 153.67% 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 24Mar 24Sep 23Jun 23
Service Charges and Fees on Deposit Accounts$1.13M$1.12M$1.18M$1.10M
Trust Fee Income$220.00K$213.00K$197.00K$196.00K
Interchange Income$1.53M$1.29M$1.21M$1.17M
Investment Commission Income$190.00K$198.00K$173.00K$172.00K
Other Charges and Fees for Customer Services$99.00K$149.00K$184.00K$155.00K

ChoiceOne Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Interchange Income (48.19%), Service Charges and Fees on Deposit Accounts (35.76%), Trust Fee Income (6.94%), Investment Commission Income (5.99%), and Other Charges and Fees for Customer Services (3.12%).

ChoiceOne Financial Services Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
NECBNortheast Community Bancorp$135.86M$40.96M
COFSChoiceOne Financial Services$114.13M$32.45M
FNWBFirst Northwest Bancorp$104.92M$28.10M
OVLYOak Valley Bancorp$87.34M$18.76M
JMSBJohn Marshall Bancorp$85.50M$27.35M
CWBCCommunity West Bancshares$61.39M$27.26M
AFBIAffinity Bancshares$45.17M$12.93M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.49M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.40M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee Federal Financial$16.61M$3.21M

COFS Revenue FAQ


ChoiceOne Financial Services's yearly revenue for 2023 was $114.13M, representing an increase of 40.24% compared to 2022. The company's yearly revenue for 2022 was $81.39M, representing an increase of 1.94% compared to 2021. COFS's yearly revenue for 2021 was $79.84M, representing an increase of 8.22% compared to 2020.

ChoiceOne Financial Services's quarterly revenue for Q1 2024 was $32.45M, a 2.04% increase from the previous quarter (Q4 2023), and a 56.88% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $31.8M, a 59.55% increase from the previous quarter (Q3 2023), and a 50.59% increase year-over-year (Q4 2022). COFS's quarterly revenue for Q3 2023 was $19.93M, a 1.81% increase from the previous quarter (Q2 2023), and a -2.23% decrease year-over-year (Q3 2022).

ChoiceOne Financial Services's revenue growth rate for the last 3 years (2021-2023) was 42.96%, and for the last 5 years (2019-2023) was 209.35%.