ChoiceOne Financial Services, Inc. (NASDAQ: COFS) announced its third‑quarter 2025 results on Oct. 24, 2025. The company posted net income of $14.68 million for the quarter ended September 30, 2025, and $14.31 million for the nine‑month period, compared with $7.35 million and $19.57 million in the same periods a year earlier. Diluted earnings per share were $0.97 for the quarter and $1.05 for the nine months, while diluted EPS excluding merger expenses rose to $0.97 and $2.76, respectively, underscoring the underlying profitability after one‑time merger costs.
ChoiceOne’s balance sheet expanded to $4.30 billion in total assets, an increase of $1.60 billion from the end of 2024, largely driven by the March 1, 2025 merger with Fentura Financial. Core loans grew by $65.3 million (4.5% YoY) and by $1.40 billion due to the merger, while interest income climbed $23.9 million, including $3.6 million from accretive purchased loans. Deposits, excluding brokered deposits, rose $8.0 million, with interest‑bearing demand deposits up $73.4 million and noninterest‑bearing deposits down $39.9 million.
Noninterest income increased $2.3 million for the quarter and $5.6 million for the nine months, driven by higher interchange and trust income. Noninterest expense rose $10.8 million for the quarter and $44.0 million for the nine months, largely reflecting merger‑related costs of $17.4 million. The company’s risk‑based capital ratio was 12.8% at September 30, 2025, slightly below the 13.1% recorded a year earlier, a modest impact of the merger’s capital structure changes.
The results demonstrate that the Fentura merger has delivered immediate scale and revenue growth, with net income and EPS exceeding prior‑year levels after adjusting for one‑time expenses. The continued rise in core loans and deposits, coupled with a solid capital position, positions ChoiceOne to capitalize on its expanded footprint while managing the integration costs. Investors can view the Q3 earnings as evidence that the merger is generating the expected financial benefits and that the company’s underlying operations remain profitable.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.