SPARTA, Mich. and FENTON, Mich., March 3, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), today announced the completion of the merger of Fentura Financial, Inc. (OTCQX: FETM) ("Fentura") with and into ChoiceOne, effective as of March 1, 2025. The combined organization is a bank holding company with assets exceeding $4 billion and operates 56 offices across Michigan. "We are excited to welcome Fentura into our ChoiceOne family," said ChoiceOne CEO Kelly Potes. "Our acq ...

SPARTA, Mich., Feb. 12, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the merger of Fentura Financial, Inc. (OTCQX: FETM) ("Fentura"), the parent company of The State Bank, with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. Following completion of the merger, the combined organizat ...

ChoiceOne Financial Services, Inc. (COFS) came out with quarterly earnings of $0.83 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.74 per share when it actually produced earnings of $0.93, delivering a surprise of 25.68%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.ChoiceOne ...

SPARTA, Mich., Jan. 22, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2024.Highlights ChoiceOne reported net income of $7,159,000 and $26,727,000 for the three and twelve months ended December 31, 2024, compared to $5,293,000 and $21,261,000 for the same periods in 2023, representing growth of 35.3% and 25.7%, respectively. Net income adjusted for merger related expenses ...

EXHIBIT 99.1 News Release ChoiceOne Reports Fourth Quarter and Year End 2024 Results Sparta, Michigan – January 22, 2025 – ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2024. Highlights "ChoiceOne had an outstanding fourth quarter and full year 2024, which underscore the growth in our core loans and deposits, thanks to the dedication and expertise of our team. Our proactive balance sheet man ...

SPARTA, Mich., and FENTON, Mich., Dec. 13, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. (OTCQX: FETM) ("Fentura"), the parent company of The State Bank, jointly announced that at separate special meetings held on December 12, 2024, each company's shareholders approved the proposed merger in which Fentura will merge with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. The co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission File Number: 001-39209 ChoiceOne Financial Services, Inc. (Exact Name of Registrant as Specified in its Charter) Michigan (State or Other Jurisdiction o ...

分组1 - ChoiceOne Financial Services, Inc. reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, and up from $0.68 per share a year ago, representing an earnings surprise of 25.68% [1] - The company posted revenues of $25.12 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 8.72%, compared to $19.93 million in the same quarter last year [1] - Over the last four quarters, ChoiceOne Financial Services has consistently surpassed consensus EPS and revenue estimates [1] 分组2 - The stock has gained approximately 5.8% since the beginning of the year, while the S&P 500 has increased by 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $23.4 million, and for the current fiscal year, it is $3.06 on revenues of $89.4 million [4] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [5]

EXHIBIT 99.1 News Release ChoiceOne Reports Third Quarter 2024 Results Sparta, Michigan – October 23, 2024 – ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended September 30, 2024. Quarterly Highlights | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Core Financial Performance - ChoiceOne reported net income of $7,348,000 for Q3 2024, a 43.5% increase from $5,122,000 in Q3 2023, and $19,568,000 for the nine months ended September 30, 2024, up 22.6% from $15,968,000 in the same period last year [2][7] - Diluted earnings per share were $0.85 for Q3 2024, compared to $0.68 in Q3 2023, and $2.46 for the nine months ended September 30, 2024, up from $2.12 in the prior year [3][7] Loan and Deposit Growth - Core loans grew by $64.5 million or 18.4% on an annualized basis in Q3 2024, and by $179.4 million or 14.0% since September 30, 2023 [4] - Deposits, excluding brokered deposits, increased by $102.1 million or an annualized 19.5% in Q3 2024, and by $117.6 million or 5.7% over the past year [5][9] Asset Quality and Credit Metrics - Nonperforming loans to total loans stood at 0.19% as of September 30, 2024, indicating strong asset quality [5][11] - The provision for credit losses expense on loans was $425,000 in Q3 2024, with the allowance for credit losses to total loans ratio at 1.10% [11] Capital and Equity - Total assets reached $2.7 billion as of September 30, 2024, an increase of $151.8 million from the previous year [8] - Shareholders' equity totaled $247.7 million, up from $181.2 million a year earlier, largely due to a $34.5 million capital raise [13] Interest Income and Margin - GAAP net interest margin increased to 3.17% in Q3 2024, compared to 2.64% in Q3 2023 [4] - Net interest income was $20.2 million in Q3 2024, up from $16.2 million in Q3 2023 [4] Merger Activity - ChoiceOne entered into a definitive merger agreement with Fentura Financial, Inc. on July 25, 2024, which is expected to enhance its market presence [2][16]