Earnings ·
ChoiceOne Reports Q3 Net Income of $14.5 Million, or $0.97 Per Diluted Share
COFSChoiceone Financial Services Inc
ChoiceOne Financial Services reported third-quarter net income of $14.5 million, or $0.97 per diluted share, compared to $14.7 million, or $0.97 per diluted share, in the prior-year period. For the first nine months of 2026, net income totaled $40.7 million, or $2.71 per diluted share. The company highlighted an expansion in GAAP net interest margin to 3.67% from 3.59% in the second quarter, driven by loan growth and steady funding costs. Core loans increased $33.6 million during the quarter, while deposits excluding brokered deposits rose $95.7 million. Asset quality remained strong with annualized net charge-offs of just 0.08%. ChoiceOne operates as a financial holding company and bank parent in Michigan.