Filing Flows › Choiceone Financial Services (COFS) › Q1 2026
Choiceone Financial Services (COFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Choiceone Financial Services (COFS) reported revenue of $59.1M for the first quarter 2026 (Q1 2026), +32% from a year earlier and -2% from the quarter before. Operating margin was 28.2%, net earnings $13.7M (23.2% of revenue).
Choiceone Financial Services, Q1 2026: revenue $59.1M (+32% year over year), operating margin 28.2%, net earnings $13.7M, operating cash flow −$177K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.1M | -2% | +32% |
| Operating profit | $16.7M | -0.6% | — |
| Net earnings | $13.7M | -1% | — |
| Operating cash flow | −$177K | -101% | — |
What changed
Revenue was $59.1M in Q1 2026, up 32% year over year and down 2% from the previous quarter.
Operating profit was $16.7M, a 28.2% margin (up 67.4 points year over year). Total costs fell 32% while revenue rose 32%. Net earnings were $13.7M. The effective tax rate was 17.8%.
Operating cash flow was −$177K. Non-cash charges added back $2.6M of depreciation and amortization and $298K of share-based compensation. Working capital and other items used $16.7M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Choiceone Financial Services' revenue in the first quarter 2026?
Choiceone Financial Services (COFS) reported revenue of $59.1M for the first quarter 2026 (Q1 2026), +32% from a year earlier and -2% from the quarter before.
Was Choiceone Financial Services profitable in the first quarter 2026?
Operating profit was $16.7M (28.2% of revenue) and net earnings $13.7M.