Key Highlights

  • Consensus EPS of 0.93 compares with second-quarter diluted EPS of 0.83, against 0.90 a year earlier.
  • Consensus revenue of USD 44.50 million cannot be matched to a single reported line; the table states no basis.
  • Net interest income was USD 36,697 thousand against USD 36,322 thousand, and noninterest income was USD 4,939 thousand.
  • Core loans increased USD 87.1 million, an annualized 11.9%, in the second quarter and 3.5% over twelve months.

ChoiceOne Financial Services (NASDAQ:COFS) reports third-quarter results on Wednesday, Oct. 28, with the timing not given in the estimates table. Consensus stands at EPS of 0.93 on revenue of USD 44.50 million, and the company has a market capitalization of USD 517.46 million.

ChoiceOne Financial Services is a bank holding company, and its filing refers to a merger and purchased loans. Second-quarter net income was USD 12,463 thousand against USD 13,534 thousand, and diluted EPS was 0.83 against 0.90.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.93 is above the second-quarter diluted EPS of 0.83, which compared with 0.90 a year earlier. The estimates table does not state its EPS basis. The revenue estimate of USD 44.50 million cannot be matched to a single reported line, and the estimates table does not state its revenue basis.

Interest and dividend income was USD 53,941 thousand against USD 53,925 thousand, and the dividend declared was 0.29 per share against 0.28. Basic EPS was 0.83 against 0.90.

What the Filing Gives and What the Sources Leave Open

The sources supplied include no earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing carries no figures for the quarter the estimates cover.

The filing states that core loans, which exclude held for sale loans and mortgage warehouse advances, increased USD 87.1 million, or an annualized 11.9%, and grew USD 101.5 million, or 3.5%, over twelve months. It states that approximately USD 40.0 million of the growth was due to a purchase of seasoned adjustable rate mortgage loans.

Noninterest Lines, Margin Accretion and Pretax Income

Noninterest income was USD 4,939 thousand against USD 6,503 thousand, and noninterest expense was USD 26,051 thousand against USD 25,506 thousand. Income before income taxes was USD 15,035 thousand against USD 16,669 thousand.

Accretion from purchased loans increased the net interest margin by 24 basis points in the second quarter against 36 basis points a year earlier. The filing states that deposits, excluding brokered deposits, decreased USD 55.4 million from March 31, 2026.

Loans, Deposits and Borrowings

Total loans held for investment were USD 3,072,781 thousand against USD 3,022,034 thousand, and the allowance for credit losses was USD 35,738 thousand against USD 35,550 thousand. Core loans were USD 3,019,246 thousand against USD 2,963,047 thousand.

Total deposits were USD 3,601,832 thousand against USD 3,600,025 thousand, and borrowings were USD 294,850 thousand against USD 264,788 thousand. Goodwill was USD 129,854 thousand. Net income was USD 12,463 thousand against USD 13,534 thousand, and net interest income was USD 36,697 thousand against USD 36,322 thousand. The estimates table lists a market capitalization of USD 517.46 million.

Markers for the Release

Reported EPS against 0.93 is the headline comparison. Other markers are net interest income, noninterest income and core loan growth.