Reported Q: Q4 2024 Rev YoY: +12.6% EPS YoY: +18.6% Move: +3.03%
ChoiceOne Financial
COFS
$31.07 3.03%
Exchange NASDAQ Sector Financial Services Industry Banks Regional
Q4 2024
Published: Mar 11, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for COFS

Reported

Report Date

Mar 11, 2025

Quarter Q4 2024

Revenue

36.03M

YoY: +12.6%

EPS

0.84

YoY: +18.6%

Market Move

+3.03%

Previous quarter: Q3 2024

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

  • Revenue of $36.03M up 12.6% year-over-year
  • EPS of $0.84 increased by 18.6% from previous year
  • Gross margin of 67.0%
  • Net income of 7.16M
  • "Not available in the provided transcript data." -
COFS
Company COFS

Swipe to view all report sections

Executive Summary

ChoiceOne Financial Services Inc. (COFS) delivered a solid Q4 2024 performance with revenue of $36.032 million, gross profit of $24.143 million, and operating income of $8.799 million, yielding net income of $7.159 million and basic/diluted earnings per share of $0.83/$0.84. The topline expanded 12.6% year over year (YoY), underpinned by favorable operating leverage and stable margin dynamics, with gross margin at 67.0% and an operating margin of 24.4%. EBITDA totaled $11.962 million, translating to an EBITDAR of 33.20%. Net income margin stood at approximately 19.9%.

Key Performance Indicators

Revenue
Increasing
36.03M
QoQ: -1.44% | YoY: 12.57%
Gross Profit
Increasing
24.14M
67.00% margin
QoQ: -2.22% | YoY: 19.36%
Operating Income
Increasing
8.80M
QoQ: -5.11% | YoY: 36.44%
Net Income
Increasing
7.16M
QoQ: -2.57% | YoY: 35.25%
EPS
Increasing
0.83
QoQ: -3.49% | YoY: 18.57%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 53.28 0.91 +56.6% View
Q1 2025 44.88 -1.30 +38.2% View
Q4 2024 36.03 0.84 +12.6% View
Q3 2024 36.56 0.85 +21.8% View
Q2 2024 34.03 0.87 +27.0% View