Overview

* ChoiceOne Q3 net income nearly doubles yr/yr, reaching $14.7 mln

* Net interest income rises to $37.6 mln, driven by merger impact

* Core loans decline 1.4% annualized in Q3, grew 4.5% over 12 months

Outlook

* Company estimates interest income from accretion at $2.3 mln for remainder of 2025

* Company anticipates $8.2 mln interest income from accretion in 2026

Result Drivers

* MERGER IMPACT - Merger with Fentura Financial significantly increased net interest income and net interest margin due to additional interest income from acquired loans

* DEPOSIT SHIFT - Shift from non-interest-bearing to interest-bearing demand deposits due to quarter-end timing and business fluctuations

* CORE LOANS DECLINE - Core loans declined by $10.3 million or 1.4% on an annualized basis during Q3 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.97

Q3 Net $14.68

Income mln

Q3 Net $37.59

Interest mln

Income

Q3 Basic $0.98

EPS

Q3 $18.32

Pretax mln

Profit

Q3 $200,000

Provisio

n for

Credit

Losses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for ChoiceOne Financial Services Inc ( COFS ) is $36.00, about 23.8% above its October 23 closing price of $27.43

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)