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Choiceone Financial Services (COFS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Choiceone Financial Services (COFS) Q2 2026 earnings results →
Q2 2026 Revenue down 3% year over year to $58.9M · 21¢ of every $1 of revenue kept as net profit · operating margin 25.5%
Choiceone Financial Services made $58.9M in Q2 2026 (-3% Y/Y). Operating margin 25.5%, net earnings $12.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $58.9M in Q2 2026, down 3% year over year and roughly flat from the previous quarter.
Operating profit was $15.0M, a 25.5% margin (down 2.0 points year over year). Total costs grew 0% against a revenue fall of 3%. Net earnings were $12.5M, down 8% year over year. The effective tax rate was 17.1%.
Operating cash flow was $29.9M (up 152% year over year), 240% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $266K of share-based compensation. Working capital and other items added $14.7M. Capital expenditures of $2.8M left free cash flow of $27.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $58.9M | -3% | 25.5% | $12.5M | $29.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $59.1M | +32% | 28.2% | $13.7M | −$177K |
| Q4 2025 | 10-K | Mar 13, 2026 | $60.5M | +68% | 27.8% | $13.9M | $14.0M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $61.8M | +69% | 29.6% | $14.7M | $15.3M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $60.4M | +78% | 27.6% | $13.5M | $9.0M |
| Q1 2025 | 10-Q | May 12, 2025 | $44.9M | +38% | -39.2% | −$13.9M | −$6.5M |
| Q4 2024 | 10-K | Mar 11, 2025 | $36.0M | +75% | 24.4% | $7.2M | $23.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Choiceone Financial Services
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, with assets over $4 billion, and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 54 offices in West, Central and Southeast Michigan. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the Nasdaq Capital Market under the symbol “COFS.” For more information, please visit Investor Relations at ChoiceOne’s website choiceone.bank.
In its own words, from its 8-K, filed Jul 24, 2026.
Choiceone Financial Services against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +10%. Operating margin: 25.5% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| COFS Choiceone Financial Services | Q2 2026 | $58.9M | -3% | 25.5% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Choiceone Financial Services 10-Q on SEC EDGAR · CIK 803164 · State Commercial Banks
13F: who owns COFS and who is buying
More on COFS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results