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Choiceone Financial Services (COFS) guidance and outlook
Choiceone Financial Services' 10-Q filed Nov 9, 2026 makes 3 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 9, 2026
- Management's adjustment for current and forecasted factors is based on trends in delinquencies, trends in charge-offs and recoveries, trends in the volume of loans, changes in underwriting standards, trends in loan review findings, the experience and ability of lending staff, and a reasonable and supportable economic forecast described further below.
- Depending on market conditions, management intends to purchase additional transferable tax credits in the remainder of 2026 to reduce tax expense.
- Unrealized losses on corporate and municipal bonds have not been recognized into income because management believes the issuers are of high credit quality, and management does not intend to sell the bonds prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions.
Choiceone Financial Services' latest quarter
Choiceone Financial Services, Q3 2026: revenue $62.4M (+1% year over year), operating margin 28.4%, net earnings $14.5M, operating cash flow $15.8M. The chart follows the revenue to costs, profit and cash.
Questions
What does Choiceone Financial Services expect?
Management's adjustment for current and forecasted factors is based on trends in delinquencies, trends in charge-offs and recoveries, trends in the volume of loans, changes in underwriting standards, trends in loan review findings, the experience and ability of lending staff, and a reasonable and supportable economic forecast described further below. Depending on market conditions, management intends to purchase additional transferable tax credits in the remainder of 2026 to reduce tax expense. Unrealized losses on corporate and municipal bonds have not been recognized into income because mana
Updated Nov 9, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.