10-Q · May 11, 2026
ChoiceOne Financial Services (COFS) reported Q1 2026 net income of $13.7 million and EPS of $0.91, both surpassing expectations. Revenue declined slightly to $42.5 million, reflecting a decrease influenced by the…
Earnings analysis · 10-Q
COFS earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The submitted 10-Q text contains limited operating disclosure, with no financial statements, segment data, cash-flow data, or margin detail provided. Reported Q2 diluted EPS of $0.83 and revenue of $41.636 million…
Read full summary
The submitted 10-Q text contains limited operating disclosure, with no financial statements, segment data, cash-flow data, or margin detail provided. Reported Q2 diluted EPS of $0.83 and revenue of $41.636 million missed consensus estimates of $0.88 and $43.38 million, respectively. Share repurchases continued at a cost of $1.1 million in the quarter, while management characterized the capital position as healthy. No quantitative forward guidance or material new risk-factor disclosure was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.83
What stood out
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Share repurchases continued
ChoiceOne repurchased 35,000 shares for a net cost of $1.1 million during the second quarter of 2026 and 85,000 shares for $2.5 million during the six months ended June 30, 2026.
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Repurchase authorization remains sizable
The repurchase plan authorizes up to 375,388 shares, and 265,272 shares remained available for purchase as of June 30, 2026.
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Management cites healthy capital
Management stated that the repurchase reflects its view that the company’s capital position is healthy and that the buyback is in shareholders’ best interest.
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Quarter missed consensus estimates
Reported diluted EPS was $0.83 and revenue was $41.636 million, below consensus EPS of $0.88 and revenue of $43.38 million by approximately 5.7% and 4.0%, respectively.
What to watch
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Buybacks constrain capital flexibility
The company deployed $1.1 million on share repurchases in the second quarter and $2.5 million year to date, which could reduce capital available for balance-sheet growth or other uses despite management’s statement that capital is healthy.
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No updated risk-factor disclosure
No new or amended risk factors are identified; Item 1A refers investors to the risk-factor discussion in the Form 10-K for the year ended December 31, 2025, limiting visibility into whether previously disclosed risks have changed.
Management's outlook
No quantitative revenue or EPS guidance is provided in the submitted 10-Q text. The filing's Item 1A states that risk-factor information remains in the Annual Report on Form 10-K for the year ended December 31, 2025.
Earlier filings 4
10-K · March 13, 2026
ChoiceOne completed the March 1, 2025 merger with Fentura, roughly doubling the company’s scale and producing consolidated assets of $4.41 billion and net loans of $3.02 billion at December 31, 2025. Net interest income…
10-Q · August 8, 2025
ChoiceOne reported a strong Q2 2025 quarter driven largely by the March 1, 2025 merger: total revenue was $42.825M and net income was $13.534M (diluted EPS $0.90), materially higher than the year-ago quarter. The merger…
10-Q · May 12, 2025
ChoiceOne reported total revenue (net interest income plus noninterest income) of $31,233,000 for the quarter ended March 31, 2025, up from $20,525,000 a year earlier, driven by loan and deposit growth from the March 1,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.