Filing Flows › Choiceone Financial Services (COFS) › Q3 2026
Choiceone Financial Services (COFS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Choiceone Financial Services (COFS) reported revenue of $62.4M for the third quarter 2026 (Q3 2026), +1% from a year earlier and +6% from the quarter before. Operating margin was 28.4%, net earnings $14.5M (23.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.4M | +6% | +1% |
| Operating profit | $17.7M | +18% | -3% |
| Net earnings | $14.5M | +17% | -0.9% |
| Operating cash flow | $15.8M | -47% | +3% |
| Free cash flow | $14.6M | -46% | +6% |
What changed
Revenue was $62.4M in Q3 2026, up 1% year over year and up 6% from the previous quarter.
Operating profit was $17.7M, a 28.4% margin (down 1.2 points year over year). Operating profit fell $581K even though revenue rose $603K versus Q3 2025, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. The fastest-growing cost line was Sales & marketing (+29%). Net earnings were $14.5M, down 1% year over year. The effective tax rate was 18.0%.
Operating cash flow was $15.8M (up 3% year over year), 108% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $283K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $1.2M left free cash flow of $14.6M.
Questions
What was Choiceone Financial Services' revenue in the third quarter 2026?
Choiceone Financial Services (COFS) reported revenue of $62.4M for the third quarter 2026 (Q3 2026), +1% from a year earlier and +6% from the quarter before.
Was Choiceone Financial Services profitable in the third quarter 2026?
Operating profit was $17.7M (28.4% of revenue) and net earnings $14.5M.