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Choiceone Financial Services cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$27.1M in Q2 2026 · $51.0M over twelve months

Operating cash flow$29.9M
Capital spending−$2.8M
Free cash flow+$27.1M
Cash / net income2.4×

Analysis

In Q2 2026, Choiceone Financial Services generated $29.9M of operating cash flow and spent $2.8M on capital projects, leaving free cash flow of $27.1M. That is $17.3M more than in Q2 2025 ($9.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was $59.1M; the largest uses were other investing ($202M), dividends ($17.2M), capital spending ($8.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($96.3M), other financing ($9.0M); the cash balance fell by $67.6M.

Operating cash flow was $29.9M against net income of $12.5M — 2.4× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$5.2M, prepaid and other assets +$2.6M, depreciation & amortization +$2.5M.

Free cash flow

Choiceone Financial Services: free cash flow by quarterChoiceone Financial Services: free cash flow by quarter−$7.6MQ3 2024$22.7MQ4 2024−$10.2MQ1 2025$9.8MQ2 2025$13.7MQ3 2025$11.9MQ4 2025−$1.7MQ1 2026$27.1MQ2 2026
Operating cash flow less capital spending.
Choiceone Financial Services: operating cash flow against capital spendingChoiceone Financial Services: operating cash flow against capital spendingOperating cash flowCapital spending−$7.4M$253KQ3 2024$23.4M$659KQ4 2024−$9.4M$835KQ1 2025$11.9M$2.1MQ2 2025$15.3M$1.6MQ3 2025$14.0M$2.1MQ4 2025−$177K$1.5MQ1 2026$29.9M$2.8MQ2 2026
Latest (Q2 2026): Operating cash flow $29.9M, Capital spending $2.8M.

Capital allocation, year by year

Choiceone Financial Services: where the cash came from (up) and went (down), by fiscal yearChoiceone Financial Services: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $37.7MFY2021: Net borrowing $73.2MFY2021: Shares issued $139KFY2021: Asset sales $611KFY2021: Capital spending −$2.8MFY2021: Buybacks −$7.8MFY2021: Dividends −$7.2M$112MFY2021FY2022: Operating cash flow $44.3MFY2022: Shares issued $172KFY2022: Asset sales $235KFY2022: Capital spending −$1.2MFY2022: Buybacks −$682KFY2022: Dividends −$7.6M$44.7MFY2022FY2023: Operating cash flow $46.3MFY2023: Net borrowing $300MFY2023: Shares issued $231KFY2023: Asset sales $157KFY2023: Capital spending −$4.2MFY2023: Dividends −$7.9M$347MFY2023FY2024: Operating cash flow $47.1MFY2024: Net borrowing −$50.0MFY2024: Shares issued $674KFY2024: Asset sales $345KFY2024: Capital spending −$1.7MFY2024: Dividends −$9.0M$48.1MFY2024FY2025: Operating cash flow $31.8MFY2025: Net borrowing −$80.2MFY2025: Shares issued $892KFY2025: Capital spending −$6.6MFY2025: Buybacks −$2.7MFY2025: Dividends −$16.9M$32.7MFY2025
Over these 5 years operating cash flow totalled $207M; the largest uses were net borrowing ($130M) and dividends ($48.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$88.6M
Debtnone
Net cash$88.6M

Choiceone Financial Services funds itself: free cash flow was $51.0M over the last twelve months, with $88.6M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Choiceone Financial Services: sources (+) and uses (−) of cash, Q2 2026Choiceone Financial Services: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$110MOther financing−$65.8MOther investing−$61.7MOperating cash flow$29.9MCash drawn (+) / kept (−)−$4.4MDividends−$4.3MCapital spending−$2.8MBuybacks−$1.1MShares issued$244K
Choiceone Financial Services: sources (+) and uses (−) of cash, TTM to Q2 2026Choiceone Financial Services: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$202MNet borrowing (+) / repaid (−)$96.3MCash drawn (+) / kept (−)$67.6MOperating cash flow$59.1MDividends−$17.2MOther financing$9.0MCapital spending−$8.1MBuybacks−$5.2MShares issued$959KTaxes on employees’ shares−$252K

From profit to cash

Choiceone Financial Services: net income to operating cash flow, Q2 2026Choiceone Financial Services: net income to operating cash flow, Q2 2026Net income$12.5MDepreciation & amortization$2.5MStock-based pay$266KPrepaid and other assets$2.6MOther liabilities$5.2MOperating cash flow$29.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$29.9M−$2.8M−$1.1M−$4.3M$110M$244K−$4.4M$27.1M
Q1 2026−$177K−$1.5M−$1.4M−$4.3M−$80.0M$255K$3.8M−$1.7M
Q4 2025$14.0M−$2.1M—−$4.3M$67.0M$214K$11.0M$11.9M
Q3 2025$15.3M−$1.6M—−$4.2M−$712K$246K$57.3M$13.7M
Q2 2025$11.9M−$2.1M$2.1M−$4.2M—$260K−$16.9M$9.8M
Q1 2025−$9.4M−$835K−$2.1M−$4.2M−$208M$172K−$42.7M−$10.2M
Q4 2024$23.4M−$659K—−$2.5M−$35.1M$174K$49.2M$22.7M
Q3 2024−$7.4M−$253K—−$2.4M$36K$385K−$44.9M−$7.6M

Choiceone Financial Services: income statement and cash flow

Choiceone Financial Services, Q2 2026: revenue $58.9M (-3% year over year), operating margin 25.5%. The chart follows the revenue to costs, profit and cash.

Choiceone Financial Services: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.