ChoiceOne Financial Services, Inc.
COFS · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $139,099 | $113,886 | $89,132 | $83,812 |
| % Growth | 22.1% | 27.8% | 6.3% | – |
| Cost of Goods Sold | $47,287 | $33,245 | $7,996 | $4,393 |
| Gross Profit | $91,812 | $80,641 | $81,136 | $79,419 |
| % Margin | 66% | 70.8% | 91% | 94.8% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $34,743 | $33,147 | $31,113 | $30,104 |
| SG&A Expenses | $35,531 | $33,868 | $31,877 | $30,952 |
| Sales & Mktg Exp. | $788 | $721 | $764 | $848 |
| Other Operating Expenses | $23,192 | $21,206 | $21,601 | $21,969 |
| Operating Expenses | $58,723 | $55,074 | $53,478 | $52,921 |
| Operating Income | $33,089 | $25,567 | $27,658 | $26,498 |
| % Margin | 23.8% | 22.4% | 31% | 31.6% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $33,089 | $25,567 | $27,658 | $26,498 |
| Tax Expense | $6,362 | $4,306 | $4,018 | $4,456 |
| Net Income | $26,727 | $21,261 | $23,640 | $22,042 |
| % Margin | 19.2% | 18.7% | 26.5% | 26.3% |
| EPS | 3.27 | 2.82 | 3.15 | 2.87 |
| % Growth | 16% | -10.5% | 9.8% | – |
| EPS Diluted | 3.25 | 2.82 | 3.15 | 2.86 |
| Weighted Avg Shares Out | 8,166 | 7,539 | 7,505 | 7,680 |
| Weighted Avg Shares Out Dil | 8,221 | 7,572 | 7,527 | 7,703 |
| Supplemental Information | – | – | – | – |
| Interest Income | $121,104 | $98,980 | $75,060 | $64,618 |
| Interest Expense | $46,662 | $33,095 | $7,746 | $3,977 |
| Depreciation & Amortization | $12,333 | $12,430 | $13,342 | $12,425 |
| EBITDA | $45,422 | $37,997 | $41,000 | $38,923 |
| % Margin | 32.7% | 33.4% | 46% | 46.4% |