COFS
ChoiceOne Financial Services, Inc.
Banks - Regional
Market Cap$471M
5Y Perf.+7.3%
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Stock Comparison
COFS vs IBCP
Revenue, margins, valuation, and 5-year total return — side by side.
IBCP
Independent Bank Corporation
Banks - Regional
Market Cap$699M
5Y Perf.+145.7%
COFS vs IBCP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | COFS | IBCP |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $471M | $699M |
| Revenue (TTM) | $193M | $315M |
| Net Income (TTM) | $28M | $69M |
| Gross Margin | 58.2% | 69.6% |
| Operating Margin | 17.7% | 25.8% |
| Forward P/E | 8.8x | 9.6x |
| Total Debt | $316M | $117M |
| Cash & Equiv. | $88M | $52M |
COFS vs IBCP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
COFS
IBCP
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ChoiceOne Financial… (COFS) | 100 | 107.3 | +7.3% |
| Independent Bank Co… (IBCP) | 100 | 245.7 | +145.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: COFS vs IBCP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: COFS leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Independent Bank Corporation is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
COFS
ChoiceOne Financial Services, Inc.
The Banking Pick
COFS carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 38.7%, EPS growth -38.2%
- 38.7% NII/revenue growth vs IBCP's -0.3%
- Lower P/E (8.8x vs 9.6x)
Best for: growth exposure
IBCP
Independent Bank Corporation
The Banking Pick
IBCP is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 11 yrs, beta 0.83, yield 3.0%
- 184.6% 10Y total return vs COFS's 102.0%
- Lower volatility, beta 0.83, Low D/E 23.2%, current ratio 370.62x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | COFS | 38.7% NII/revenue growth vs IBCP's -0.3% |
| Value | COFS | Lower P/E (8.8x vs 9.6x) |
| Quality / Margins | COFS | Efficiency ratio 0.4% vs IBCP's 0.4% (lower = leaner) |
| Stability / Safety | IBCP | Beta 0.83 vs COFS's 0.95, lower leverage |
| Dividends | COFS | 3.8% yield, 5-year raise streak, vs IBCP's 3.0% |
| Momentum (1Y) | COFS | +15.0% vs IBCP's +12.6% |
| Efficiency (ROA) | COFS | Efficiency ratio 0.4% vs IBCP's 0.4% |
COFS vs IBCP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2021
COFS vs IBCP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIBCPLAGGINGCOFS
COFSChoiceOne Financial S…
0leads
IBCPIndependent Bank Corp…
5leads
6 Total Categories
CATEGORYLEADERvs COFSMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
IBCP4/5
Valuation MetricsMultiples, price ratios, and targets
IBCP4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IBCP9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
IBCP4/6
Risk & VolatilityBeta, volatility, and downside exposure
IBCP2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
IBCP leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
IBCP is the larger business by revenue, generating $315M annually — 1.6x COFS's $193M. IBCP is the more profitable business, keeping 21.7% of every revenue dollar as net income compared to COFS's 14.6%.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| RevenueTrailing 12 months | $193M | $315M |
| EBITDAEarnings before interest/tax | $49M | $89M |
| Net IncomeAfter-tax profit | $28M | $69M |
| Free Cash FlowCash after capex | $12M | $70M |
| Gross MarginGross profit ÷ Revenue | +58.2% | +69.6% |
| Operating MarginEBIT ÷ Revenue | +17.7% | +25.8% |
| Net MarginNet income ÷ Revenue | +14.6% | +21.7% |
| FCF MarginFCF ÷ Revenue | +12.4% | +22.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +9.5% | +2.3% |
IBCP leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
IBCP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 10.4x trailing earnings, IBCP trades at a 34% valuation discount to COFS's 15.7x P/E. On an enterprise value basis, IBCP's 9.4x EV/EBITDA is more attractive than COFS's 20.5x.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| Market CapShares × price | $471M | $699M |
| Enterprise ValueMkt cap + debt − cash | $699M | $764M |
| Trailing P/EPrice ÷ TTM EPS | 15.67x | 10.38x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.79x | 9.56x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.97x |
| EV / EBITDAEnterprise value multiple | 20.45x | 9.39x |
| Price / SalesMarket cap ÷ Revenue | 2.44x | 2.22x |
| Price / BookPrice ÷ Book value/share | 0.95x | 1.41x |
| Price / FCFMarket cap ÷ FCF | 19.73x | 9.96x |
IBCP leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
IBCP leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
IBCP delivers a 14.2% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $6 for COFS. IBCP carries lower financial leverage with a 0.23x debt-to-equity ratio, signaling a more conservative balance sheet compared to COFS's 0.68x. On the Piotroski fundamental quality scale (0–9), IBCP scores 8/9 vs COFS's 4/9, reflecting strong financial health.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| ROE (TTM)Return on equity | +6.4% | +14.2% |
| ROA (TTM)Return on assets | +0.7% | +1.3% |
| ROICReturn on invested capital | +4.1% | +10.2% |
| ROCEReturn on capital employed | +1.5% | +2.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 8 |
| Debt / EquityFinancial leverage | 0.68x | 0.23x |
| Net DebtTotal debt minus cash | $228M | $65M |
| Cash & Equiv.Liquid assets | $88M | $52M |
| Total DebtShort + long-term debt | $316M | $117M |
| Interest CoverageEBIT ÷ Interest expense | 0.52x | 0.91x |
IBCP leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
IBCP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IBCP five years ago would be worth $16,369 today (with dividends reinvested), compared to $14,704 for COFS. Over the past 12 months, COFS leads with a +15.0% total return vs IBCP's +12.6%. The 3-year compound annual growth rate (CAGR) favors IBCP at 32.1% vs COFS's 17.3% — a key indicator of consistent wealth creation.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| YTD ReturnYear-to-date | +9.7% | +7.2% |
| 1-Year ReturnPast 12 months | +15.0% | +12.6% |
| 3-Year ReturnCumulative with dividends | +61.3% | +130.6% |
| 5-Year ReturnCumulative with dividends | +47.0% | +63.7% |
| 10-Year ReturnCumulative with dividends | +102.0% | +184.6% |
| CAGR (3Y)Annualised 3-year return | +17.3% | +32.1% |
IBCP leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
IBCP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IBCP is the less volatile stock with a 0.83 beta — it tends to amplify market swings less than COFS's 0.95 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.95x | 0.83x |
| 52-Week HighHighest price in past year | $35.40 | $37.39 |
| 52-Week LowLowest price in past year | $26.10 | $29.63 |
| % of 52W HighCurrent price vs 52-week peak | +89.0% | +90.8% |
| RSI (14)Momentum oscillator 0–100 | 61.4 | 50.6 |
| Avg Volume (50D)Average daily shares traded | 75K | 176K |
IBCP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — COFS and IBCP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates COFS as "Buy" and IBCP as "Hold". Consensus price targets imply 11.9% upside for IBCP (target: $38) vs 7.9% for COFS (target: $34). For income investors, COFS offers the higher dividend yield at 3.85% vs IBCP's 3.05%.
| Metric | COFSChoiceOne Financi… | IBCPIndependent Bank … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $34.00 | $38.00 |
| # AnalystsCovering analysts | 3 | 7 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +3.0% |
| Dividend StreakConsecutive years of raises | 5 | 11 |
| Dividend / ShareAnnual DPS | $1.21 | $1.03 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.6% | +1.8% |
Evenly matched — COFS and IBCP each lead in 1 of 2 comparable metrics.
Key Takeaway
IBCP leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
Best OverallIndependent Bank Corporation (IBCP)Leads 5 of 6 categories
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COFS vs IBCP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is COFS or IBCP a better buy right now?
For growth investors, ChoiceOne Financial Services, Inc.
(COFS) is the stronger pick with 38. 7% revenue growth year-over-year, versus -0. 3% for Independent Bank Corporation (IBCP). Independent Bank Corporation (IBCP) offers the better valuation at 10. 4x trailing P/E (9. 6x forward), making it the more compelling value choice. Analysts rate ChoiceOne Financial Services, Inc. (COFS) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — COFS or IBCP?
On trailing P/E, Independent Bank Corporation (IBCP) is the cheapest at 10.
4x versus ChoiceOne Financial Services, Inc. at 15. 7x. On forward P/E, ChoiceOne Financial Services, Inc. is actually cheaper at 8. 8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — COFS or IBCP?
Over the past 5 years, Independent Bank Corporation (IBCP) delivered a total return of +63.
7%, compared to +47. 0% for ChoiceOne Financial Services, Inc. (COFS). Over 10 years, the gap is even starker: IBCP returned +184. 6% versus COFS's +102. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — COFS or IBCP?
By beta (market sensitivity over 5 years), Independent Bank Corporation (IBCP) is the lower-risk stock at 0.
83β versus ChoiceOne Financial Services, Inc. 's 0. 95β — meaning COFS is approximately 15% more volatile than IBCP relative to the S&P 500. On balance sheet safety, Independent Bank Corporation (IBCP) carries a lower debt/equity ratio of 23% versus 68% for ChoiceOne Financial Services, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — COFS or IBCP?
By revenue growth (latest reported year), ChoiceOne Financial Services, Inc.
(COFS) is pulling ahead at 38. 7% versus -0. 3% for Independent Bank Corporation (IBCP). On earnings-per-share growth, the picture is similar: Independent Bank Corporation grew EPS 3. 5% year-over-year, compared to -38. 2% for ChoiceOne Financial Services, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — COFS or IBCP?
Independent Bank Corporation (IBCP) is the more profitable company, earning 21.
7% net margin versus 14. 6% for ChoiceOne Financial Services, Inc. — meaning it keeps 21. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IBCP leads at 25. 8% versus 17. 7% for COFS. At the gross margin level — before operating expenses — IBCP leads at 69. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is COFS or IBCP more undervalued right now?
On forward earnings alone, ChoiceOne Financial Services, Inc.
(COFS) trades at 8. 8x forward P/E versus 9. 6x for Independent Bank Corporation — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IBCP: 11. 9% to $38. 00.
08Which pays a better dividend — COFS or IBCP?
All stocks in this comparison pay dividends.
ChoiceOne Financial Services, Inc. (COFS) offers the highest yield at 3. 8%, versus 3. 0% for Independent Bank Corporation (IBCP).
09Is COFS or IBCP better for a retirement portfolio?
For long-horizon retirement investors, Independent Bank Corporation (IBCP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
83), 3. 0% yield, +184. 6% 10Y return). Both have compounded well over 10 years (IBCP: +184. 6%, COFS: +102. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between COFS and IBCP?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: COFS is a small-cap high-growth stock; IBCP is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(COFS: 38.7% · IBCP: -0.3%)Net Margin>
%
(COFS: 14.6% · IBCP: 21.7%)P/E Ratio<
x
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