ChoiceOne Financial Services (COFS) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $114.13M | 40.24% |
| 2022-12-31 | $81.39M | 1.94% |
| 2021-12-31 | $79.83M | 8.22% |
| 2020-12-31 | $73.77M | 99.95% |
| 2019-12-31 | $36.89M | 27.29% |
| 2018-12-31 | $28.98M | 5.53% |
| 2017-12-31 | $27.47M | 0.89% |
| 2016-12-31 | $27.22M | 4.45% |
| 2015-12-31 | $26.06M | 5.67% |
| 2014-12-31 | $24.66M | 2.78% |
| 2013-12-31 | $24.00M | -2.30% |
| 2012-12-31 | $24.56M | 2.09% |
| 2011-12-31 | $24.06M | 6.19% |
| 2010-12-31 | $22.66M | 5.56% |
| 2009-12-31 | $21.46M | 10.56% |
| 2008-12-31 | $19.41M | -10.22% |
| 2007-12-31 | $21.62M | 86.01% |
| 2006-12-31 | $11.63M | 9.41% |
| 2005-12-31 | $10.63M | 3.74% |
| 2004-12-31 | $10.24M | -5.90% |
| 2003-12-31 | $10.88M | -7.47% |
| 2002-12-31 | $11.76M | 222.36% |
| 2001-12-31 | $3.65M | 6.42% |
| 2000-12-31 | $3.43M | 31.43% |
| 1999-12-31 | $2.61M | -4.19% |
| 1998-12-31 | $2.72M | 17.98% |
| 1997-12-31 | $2.31M | 11.07% |
| 1996-12-31 | $2.08M | 153.41% |
| 1995-12-31 | $820.00K | 13.42% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $32.45M | 2.04% |
| 2023-12-31 | $31.80M | 59.55% |
| 2023-09-30 | $19.93M | 1.81% |
| 2023-06-30 | $19.58M | -5.35% |
| 2023-03-31 | $20.68M | -2.05% |
| 2022-12-31 | $21.11M | 3.58% |
| 2022-09-30 | $20.39M | 3.38% |
| 2022-06-30 | $19.72M | -2.22% |
| 2022-03-31 | $20.17M | 1.39% |
| 2021-12-31 | $19.89M | -2.59% |
| 2021-09-30 | $20.42M | 6.12% |
| 2021-06-30 | $19.24M | -5.17% |
| 2021-03-31 | $20.29M | 3.09% |
| 2020-12-31 | $19.68M | -3.47% |
| 2020-09-30 | $20.39M | 9.43% |
| 2020-06-30 | $18.63M | 23.63% |
| 2020-03-31 | $15.07M | 3.18% |
| 2019-12-31 | $14.61M | 94.59% |
| 2019-09-30 | $7.51M | -0.29% |
| 2019-06-30 | $7.53M | 3.78% |
| 2019-03-31 | $7.25M | -0.83% |
| 2018-12-31 | $7.32M | -1.45% |
| 2018-09-30 | $7.42M | 1.81% |
| 2018-06-30 | $7.29M | 4.82% |
| 2018-03-31 | $6.96M | 4.79% |
| 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 $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/Service | Jun 24 | Mar 24 | Sep 23 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| NECB | Northeast Community Bancorp | $135.86M | $40.96M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| JMSB | John Marshall Bancorp | $85.50M | $27.35M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
COFS Revenue FAQ
What is ChoiceOne Financial Services’s yearly revenue?
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.
What is ChoiceOne Financial Services’s quarterly revenue?
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).
What is ChoiceOne Financial Services’s revenue growth rate?
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%.