ChoiceOne Financial Services
Operates ChoiceOne Bank across western, central, and southeastern Michigan.
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Profile
Runs a one-segment commercial banking business built around deposits, loans, payment services, mortgage banking, insurance, and trust and wealth management. The franchise is concentrated in Michigan, with recent growth shaped by the Fentura and The State Bank consolidation.
Through ChoiceOne Bank, provides community banking across western, central, and southeastern Michigan. Core services include deposits, commercial and consumer loans, mortgage banking, payment services, trust and wealth management, and insurance products.
The company reports one commercial-banking segment, so lending, deposit gathering, securities income, and customer-service fees are managed as one bank franchise. Recent growth has come from local-bank consolidation, including Fentura and The State Bank being folded into the ChoiceOne Bank brand.
Business performance depends on Michigan economic conditions, credit quality in commercial real estate, competition for deposits, interest-rate spreads, and supervision by banking regulators.
Company facts
Categories
Key statistics
Year to date +14.9% · Average volume (30d) 83.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | DA Davidson | Reiterate | Buy | $34 | $38 | |
| Apr 27, 2026 | DA Davidson | Reiterate | Buy | $36 | $34 | |
| Feb 3, 2026 | DA Davidson | Reiterate | Buy | $37 | $36 | |
| Jan 7, 2026 | Hovde Group | Downgrade | Outperform | Market Perform | ||
| Mar 3, 2025 | Janney Montgomery Scott | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | $0.88 | $0.83 | −5.7% | $43.5M | $41.1M | −5.4% | +3.67% |
| Apr 24, 2026Q1 FY26 | $0.85 | $0.91 | +7.1% | $42.7M | $42.5M | −0.6% | −2.05% |
| Jan 30, 2026Q4 FY25 | $0.91 | $0.92 | +1.1% | $43.9M | $42.9M | −2.1% | +3.35% |
| Oct 24, 2025Q3 FY25 | $0.86 | $0.97 | +12.8% | $43.8M | $44.7M | +2.1% | −0.65% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $44.9M | $60.4M | $61.8M | $60.5M | $59.1M | $1.2M | |
| Gross profit | $18.1M | $42.2M | $44.5M | $42.1M | $42.5M | −$15.4M | |
| Operating income | −$17.6M | $16.7M | $18.3M | $16.8M | $16.7M | −$16.7M | |
| Net income | −$13.9M | $13.5M | $14.7M | $13.9M | $13.7M | $12.5M | |
| Diluted EPS | −$1.30 | $0.90 | $0.97 | $0.92 | $0.91 | $0.83 | |
| Gross margin | 40.3% | 69.8% | 72.0% | 69.7% | 71.9% | -1,231.7% | |
| Operating margin | -39.2% | 27.6% | 29.6% | 27.8% | 28.2% | -1,335.5% |
Fiscal years (4-quarter sums)FY21 $83.8M · FY22 $89.1M · FY23 $113.9M · FY24 $139.1M · FY25 $227.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $644.2M · Total debt $343.5M · Total assets $4.46B · Shareholders' equity $482.7M
Dividends
Raised for 16 straight years — most recently to $0.29 from $0.28 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.29 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.29 | |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.29 | raised from $0.28 |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.28 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.28 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.28 | |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.28 | raised from $0.27 |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.27 |
Ownership
Shares outstanding 14.95M · Float 13.70M · 91.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.09M | 7.27% | 13F | Aug 7, 2026 |
| Northern Trust Corp | 676.2K | 4.52% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 624.3K | 4.18% | 13F | Aug 13, 2026 |
| State Street Corp | 447.4K | 2.99% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 380.9K | 2.55% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 12, 2026 | Adom Greenland | officer: Secretary | +500 | $27.40 |
| Mar 11, 2026 | Eric E. Burrough | director | +5,000 | $27.50 |
| Mar 6, 2026 | Gregory A. McConnell | director | +1,050 | $27.94 |
| Mar 3, 2026 | Bradley F. McGinnis | director | +1,000 | $29.15 |
| Feb 27, 2026 | Michael J. Jr. Burke | director, officer: President | +250 | $28.58 |
Peers
- Independent Bank
Michigan community-bank peer across deposits, loans, mortgage, and wealth
- Mercantile Bank
Grand Rapids commercial-bank peer with broad Michigan reach
- Huntington Bancshares
Large Midwest bank rival in Michigan retail and commercial banking
- Fifth Third
Super-regional bank rival in Michigan consumer, business, and wealth
- Flagstar Bank
Upper Midwest regional bank with Michigan retail and lending overlap
- Wintrust Financial
West Michigan entrant via Macatawa with community-bank services
- Horizon Bancorp
Indiana-Michigan bank peer in commercial, retail, and wealth services
- Old National Bancorp
Midwest bank rival in branches, commercial lending, and wealth
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ChoiceOne Financial Services | $33.36 | +0.18% | $498.7M | 9.2 | 9.0 | 2.7 | −4.1% |
| Independent Bank | $36.86 | −0.03% | $759.5M | 10.7 | 9.8 | 2.4 | +17.0% |
| Mercantile Bank | $60.21 | −0.05% | $1.04B | 10.6 | 10.9 | 2.7 | +12.8% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Flagstar Bank | $13.45 | +0.04% | $5.61B | 723.1 | 17.4 | 1.3 | +4.0% |
| Wintrust Financial | $161.72 | +5.73% | $10.32B | 12.1 | 11.6 | 2.4 | +10.1% |
| Horizon Bancorp | $19.56 | +0.05% | $1.00B | — | 9.1 | 10.5 | +16.1% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| Median | 12.1 | 10.4 | 2.4 | +14.5% |