Choice One Financial Services Inc - Understand $cofs stock

$COFS Market Cap: $321.3 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$9.487M

TTM

Gross Margin

Net Earnings

$24.86M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$2.726B

Q3 2024

Total Liabilities

$2.478B

Q3 2024

Book Value

$247.7M

Q3 2024

Cash

$145.9M

Q3 2024

P/E

12.92

Nov 13, 2024 EST

Free Cash Flow

$18.62M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$98.98M	$75.06M	$64.62M	$55.72M	$32.47M	$24.53M
YoY Change	31.87%	16.16%	15.98%	71.57%	32.41%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$98.98M	$75.06M	$64.62M	$55.72M	$32.47M	$24.53M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.500M	$2.700M	$2.600M	$2.700M	$1.600M	$1.183M	$2.450M	$2.610M	$2.490M	$2.480M	$2.570M	$2.470M	$2.240M	$2.070M	$2.070M	$1.840M	$1.810M	$1.120M
YoY Change	-7.41%	3.85%	-3.7%	68.75%	35.25%	-51.71%	-6.13%	4.82%	0.4%	-3.5%	4.05%	10.27%	8.21%	0.0%	12.5%	1.66%	61.61%	0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$33.10M	$7.746M	$3.977M	$4.644M	$4.700M	$2.461M
YoY Change	327.25%	94.77%	-14.36%	-1.19%	90.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$25.57M	$27.66M	$26.50M	$18.89M	$8.465M	$8.488M	$8.560M	$8.250M	$7.690M	$7.770M	$6.880M	$5.610M	$4.570M	$3.370M	$1.280M	$1.230M	$4.520M	$2.730M
YoY Change	-7.56%	4.38%	40.31%	123.1%	-0.27%	-0.84%	3.76%	7.28%	-1.03%	12.94%	22.64%	22.76%	35.61%	163.28%	4.07%	-72.79%	65.57%	-7.46%
Income Tax	$4.306M	$4.018M	$4.456M	$3.272M	$1.294M	$1.155M	$2.180M	$2.160M	$1.950M	$2.080M	$1.780M	$1.340M	$1.060M	$650.0K	-$200.0K	-$210.0K	$940.0K	$640.0K
% Of Pretax Income	16.84%	14.53%	16.82%	17.33%	15.29%	13.61%	25.47%	26.18%	25.36%	26.77%	25.87%	23.89%	23.19%	19.29%	-15.63%	-17.07%	20.8%	23.44%
Net Earnings	$21.26M	$23.64M	$22.04M	$15.61M	$7.171M	$7.333M	$6.170M	$6.090M	$5.740M	$5.700M	$5.090M	$4.260M	$3.510M	$2.710M	$1.480M	$1.440M	$3.580M	$2.090M
YoY Change	-10.06%	7.25%	41.18%	117.72%	-2.21%	18.85%	1.31%	6.1%	0.7%	11.98%	19.48%	21.37%	29.52%	83.11%	2.78%	-59.78%	71.29%	-3.69%
Net Earnings / Revenue	21.48%	31.49%	34.11%	28.02%	22.08%	29.9%
Basic Earnings Per Share	$2.82	$3.15	$2.87	$2.08	$1.58	$2.03
Diluted Earnings Per Share	$2.82	$3.150M	$2.86	$2.07	$1.58	$2.02	$1.700M	$1.678M	$1.577M	$1.562M	$1.398M	$1.174M	$969.6K	$750.7K	$412.3K	$403.4K	$1.003M	$985.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$29.75M	$28.23M	$29.90M	$29.50M	$24.30M	$15.90M	$12.90M	$12.60M	$11.80M	$11.80M	$12.00M	$12.10M	$12.10M	$12.50M	$11.90M	$11.70M	$11.90M	$11.60M
YoY Change	5.38%	-5.58%	1.36%	21.4%	52.83%	23.26%	2.38%	6.78%	0.0%	-1.67%	-0.83%	0.0%	-3.2%	5.04%	1.71%	-1.68%	2.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$2.577B	$2.386B	$2.367B	$1.919B	$1.386B	$670.5M	$646.5M	$607.4M	$567.7M	$549.6M	$514.6M	$508.9M	$495.9M	$480.5M	$465.9M	$463.6M	$470.2M	$466.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$170.0M				$0.00	$4.800M	$7.100M	$7.900M	$9.500M	$26.70M	$26.00M	$19.60M	$21.90M	$22.20M	$20.70M	$18.80M	$21.70M	$15.50M
YoY Change					-100.0%	-32.39%	-10.13%	-16.84%	-64.42%	2.69%	32.65%	-10.5%	-1.35%	7.25%	10.11%	-13.36%	40.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$170.0M					$4.800M	$7.100M	$7.900M	$9.500M	$26.70M	$26.00M	$19.60M	$21.90M	$22.20M	$20.70M	$18.80M	$21.70M	$15.50M
YoY Change						-32.39%	-10.13%	-16.84%	-64.42%	2.69%	32.65%	-10.5%	-1.35%	7.25%	10.11%	-13.36%	40.0%
Long-Term Debt	$35.51M	$35.26M	$35.00M	$3.100M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.69%	0.75%	1029.03%
Other Long-Term Liabilities	$23.51M	$13.78M	$7.700M	$5.100M	$6.200M	$3.000M	$2.700M	$3.100M	$2.400M	$3.500M	$2.500M	$4.200M	$4.300M	$5.600M	$5.300M	$5.600M	$7.500M	$9.400M
YoY Change	70.67%	78.9%	50.98%	-17.74%	106.67%	11.11%	-12.9%	29.17%	-31.43%	40.0%	-40.48%	-2.33%	-23.21%	5.66%	-5.36%	-25.33%	-20.21%
Total Long-Term Liabilities	$59.02M	$49.04M	$42.70M	$8.200M	$6.200M	$3.000M	$2.700M	$3.100M	$2.400M	$3.500M	$2.500M	$4.200M	$4.300M	$5.600M	$5.300M	$5.600M	$7.500M	$9.400M
YoY Change	20.35%	14.84%	420.73%	32.26%	106.67%	11.11%	-12.9%	29.17%	-31.43%	40.0%	-40.48%	-2.33%	-23.21%	5.66%	-5.36%	-25.33%	-20.21%
Total Liabilities	$2.381B	$2.217B	$2.145B	$1.692B	$1.194B	$590.1M	$570.0M	$535.7M	$497.9M	$483.5M	$453.0M	$448.4M	$438.0M	$426.2M	$413.0M	$411.4M	$417.0M	$415.1M
YoY Change	7.4%	3.36%	26.77%	41.72%	102.34%	3.53%	6.4%	7.59%	2.98%	6.73%	1.03%	2.37%	2.77%	3.2%	0.39%	-1.34%	0.46%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	7.533M	7.504M	7.685M	7.522M	4.529M	3.614M
Diluted Shares Outstanding	7.572M	7.527M	7.703M	7.532M	4.539M	3.628M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $321.31 Million

About ChoiceOne Financial Services Inc

ChoiceOne Financial Services, Inc. is a holding company, which engages in the provision of a variety of deposit, payment, credit, and other financial services to all types of customers, through its subsidiary, ChoiceOne Bank. The company is headquartered in Sparta, Michigan and currently employs 367 full-time employees. The company went IPO on 2001-06-21. The firm's subsidiary, ChoiceOne Bank is a full-service banking institution that offers a range of deposit, payment, credit, and other financial services to all types of customers. Its services include time, savings, demand deposits, safe deposit services and automated transaction machine services. The Bank offers both commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending covers categories, such as business, industry, agricultural, construction, inventory, and real estate. The Bank's consumer loan department makes direct and indirect loans to consumers and purchasers of residential and real property. In addition, the Bank offers trust and wealth management services. The Bank's primary market area lies within Kent, Muskegon, Newaygo and Ottawa counties in western Michigan and Lapeer, Macomb, and St. Clair counties in southeastern Michigan.

Industry: State Commercial Banks Peers: PARTNERS BANCORP First Savings Financial Group Inc Isabella Bank Corp PENNS WOODS BANCORP INC PNC Financial Services Group Inc