Logotype for ChoiceOne Financial Services Inc

ChoiceOne Financial Services (COFS) investor relations material

ChoiceOne Financial Services Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for ChoiceOne Financial Services Inc
Q2 2025 earnings summary25 Jul, 2025

Executive summary

  • Completed the merger with Fentura Financial on March 1, 2025, adding $1.8 billion in assets, $1.4 billion in loans and deposits, and integrating 20 new branch offices.

  • Reported record net income of $13.5 million for Q2 2025, up from $6.6 million in Q2 2024; six-month period showed a net loss of $0.4 million due to merger-related expenses and credit loss provisions.

  • Adjusted net income excluding merger expenses and related provisions was $13.7 million for Q2 and $23.0 million for the six months ended June 30, 2025.

  • Issued 6.1 million shares for the merger and completed a $34.5 million public offering in July 2024.

  • CEO highlighted successful merger integration and focus on long-term value creation.

Financial highlights

  • Total assets reached $4.3 billion at June 30, 2025, up from $2.7 billion at year-end 2024, primarily due to the merger.

  • Net interest income rose to $36.3 million in Q2 2025 from $18.4 million in Q2 2024; six-month net interest income was $62.6 million, up from $34.8 million year-over-year.

  • Noninterest income increased by $2.4 million in Q2 2025, driven by higher card fees, trust income, and death benefit claims.

  • Noninterest expense rose by $11.2 million in Q2 2025, mainly due to merger-related costs and expanded operations.

  • GAAP net interest margin rose to 3.66% in Q2 2025 from 2.95% in Q2 2024.

Outlook and guidance

  • Management anticipates further reductions in deposit costs if rates decline, though offset by lower swap cash flows.

  • Estimated accretion income from purchased loans for the remainder of 2025 is $4.1 million, subject to prepayment speeds.

  • Focus remains on organic loan growth, cost management, and integration of acquired operations.

  • Management does not anticipate material merger expenses going forward.

  • Forward-looking statements caution on risks and uncertainties, referencing SEC filings for details.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next ChoiceOne Financial Services earnings date

Logotype for ChoiceOne Financial Services Inc
Q3 202522 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next ChoiceOne Financial Services earnings date

Logotype for ChoiceOne Financial Services Inc
Q3 202522 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

ChoiceOne Financial Services, Inc. is a bank holding company that primarily provides a range of financial services through its subsidiary, ChoiceOne Bank. The company offers traditional banking products and services, including checking and savings accounts, loans (such as residential, commercial, and consumer loans), and various deposit services. In addition to personal and business banking, ChoiceOne provides wealth management services, including investment advisory and trust services, aimed at helping clients manage and grow their financial assets. The company serves individuals, businesses, and municipalities primarily in local communities across Michigan. ChoiceOne Financial Services, Inc. is headquartered in Sparta, Michigan, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage