ChoiceOne Financial Services, Inc. (COFS) Revenue History
Annual and quarterly revenue from 1994 to present
COFS Revenue Over Time (1994–2025)
COFS Revenue Growth History
23 of 31 years with positive growth- FY1994 revenue growth
- N/A
- FY1995 revenue growth
- +19.9%
- FY1996 revenue growth
- +43.8%
- FY1997 revenue growth
- +26.9%
- FY1998 revenue growth
- +11.3%
- FY1999 revenue growth
- +0.8%
- FY2000 revenue growth
- +28.3%
- FY2001 revenue growth
- -1.2%
- FY2002 revenue growth
- +47.3%
- FY2003 revenue growth
- -13.9%
- FY2004 revenue growth
- -7.3%
- FY2005 revenue growth
- +11.1%
- FY2006 revenue growth
- +27.8%
- FY2007 revenue growth
- +73.4%
- FY2008 revenue growth
- -11.9%
- FY2009 revenue growth
- -8.0%
- FY2010 revenue growth
- -3.6%
- FY2011 revenue growth
- +0.3%
- FY2012 revenue growth
- -1.8%
- FY2013 revenue growth
- -6.8%
- FY2014 revenue growth
- +2.2%
- FY2015 revenue growth
- +4.8%
- FY2016 revenue growth
- +4.2%
- FY2017 revenue growth
- +2.7%
- FY2018 revenue growth
- +8.6%
- FY2019 revenue growth
- +32.4%
- FY2020 revenue growth
- +88.3%
- FY2021 revenue growth
- +6.9%
- FY2022 revenue growth
- +6.3%
- FY2023 revenue growth
- +27.8%
- FY2024 revenue growth
- +22.1%
- FY2025 revenue growth
- +38.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $59.1M | — |
| Q4 2025 | $60.5M | — |
| Q3 2025 | $61.8M | — |
| Q2 2025 | $60.4M | — |
| Q1 2025 | $44.9M | — |
| Q4 2024 | $36.0M | — |
| Q3 2024 | $36.6M | — |
| Q2 2024 | $34.0M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
COFS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
COFS Revenue Analysis (1994–2025)
Current Revenue & Growth
As of June 24, 2026, ChoiceOne Financial Services, Inc. (COFS) generated trailing twelve-month (TTM) revenue of $241.8 million, reflecting explosive growth of +31.7% year-over-year. The most recent quarter (Q1 2026) recorded $59.1 million in revenue, down 2.3% sequentially.
Historical Growth Trajectory
COFS's 5-year compound annual growth rate (CAGR) stands at +19.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of +29.3% exceeds the 5-year average, indicating an acceleration in the most recent period. ChoiceOne Financial Services, Inc.'s highest annual revenue of $192.9 million was recorded in 2025, an all-time high.
Revenue by Segment
COFS's revenue is primarily driven by Interchange Income (70%), Trust Fee Income (23%), and Other Charges and Fees for Customer Services (7%). With over half of revenue concentrated in Interchange Income, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including MBWM, IBCP, and CZWI. Compare COFS vs MBWM →
COFS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COFSCurrent | $242M | +31.7% | +19.7% | 17.7% | |
 MBWM | $372M | - | - | 27.5% | |
 IBCP | $315M | - | - | 25.8% | |
 CZWI | $90M | - | - | 7.0% | |
 BWFG | $208M | - | - | 23.3% | |
 LKFN | $422M | - | - | 29.8% |
COFS Historical Revenue Data (1994–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $192.9M | - | $112.2M | 58.2% | $34.2M | 17.7% |
| 2024 | $139.1M | - | $91.8M | 66.0% | $33.1M | 23.8% |
| 2023 | $113.9M | - | $80.6M | 70.8% | $25.6M | 22.4% |
| 2022 | $89.1M | - | $81.1M | 91.0% | $27.7M | 31.0% |
| 2021 | $83.8M | - | $79.4M | 94.8% | $26.5M | 31.6% |
| 2020 | $78.4M | - | $69.8M | 89.0% | $18.9M | 24.1% |
| 2019 | $41.6M | - | $36.9M | 88.7% | $8.5M | 20.3% |
| 2018 | $31.4M | - | $28.9M | 92.1% | $8.5M | 27.0% |
| 2017 | $28.9M | - | $27.0M | 93.2% | $8.6M | 29.6% |
| 2016 | $28.2M | - | $27.2M | 96.6% | $8.3M | 29.3% |
| 2015 | $27.1M | - | $26.0M | 96.0% | $7.7M | 28.4% |
| 2014 | $25.8M | - | $24.6M | 95.2% | $7.8M | 30.1% |
| 2013 | $25.3M | - | $23.5M | 93.2% | $6.9M | 27.2% |
| 2012 | $27.1M | - | $22.0M | 81.3% | $5.6M | 20.7% |
| 2011 | $27.6M | - | $20.4M | 73.7% | $4.6M | 16.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
COFS — Frequently Asked Questions
Quick answers to the most common questions about buying COFS stock.
Is COFS's revenue growth accelerating or slowing?
COFS revenue growth is accelerating. TTM revenue reached $242M, up +31.7% year-over-year — ahead of the 5-year CAGR of +19.7%. This indicates the business is expanding faster than its historical baseline.
What is COFS's revenue history from 1994 to 2026?
ChoiceOne Financial Services, Inc. (COFS) revenue history spans 1994 to 2026. TTM revenue as of 2026 is $242M, growing at +31.7% YoY. The 5-year CAGR is +19.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is COFS's long-term revenue growth rate (CAGR)?
ChoiceOne Financial Services, Inc.'s 5-year revenue CAGR of +19.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +31.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for COFS.
Why does COFS's quarterly revenue fluctuate?
COFS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. ChoiceOne Financial Services, Inc.'s revenue data from 1994 to 2026 shows full historical quarterly detail on this page.
How is COFS's revenue distributed by segment?
COFS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does COFS's revenue compare to industry peers?
ChoiceOne Financial Services, Inc. (COFS) with TTM revenue of $242M and +31.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.