ChoiceOne Financial Svc | 10-Q: FY2025 Q3 Revenue: USD 61.84 M

Revenue: As of FY2025 Q3, the actual value is USD 61.84 M.

EPS: As of FY2025 Q3, the actual value is USD 0.97, beating the estimate of USD 0.86.

EBIT: As of FY2025 Q3, the actual value is USD -19.27 M.

Segment Revenue

• Interest Income: For the nine months ended September 30, 2025, interest income was $148,582 thousand, compared to $90,066 thousand for the same period in 2024.

Operational Metrics

• Net Income: For the nine months ended September 30, 2025, net income was $14,309 thousand, compared to $19,568 thousand for the same period in 2024.
• Net Interest Income: For the nine months ended September 30, 2025, net interest income was $100,230 thousand, compared to $55,093 thousand for the same period in 2024.
• Provision for Credit Losses: For the nine months ended September 30, 2025, the provision for credit losses was $14,013 thousand, compared to $1,100 thousand for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $17,780 thousand, compared to $23,694 thousand for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $224,913 thousand, compared to net cash used in investing activities of - $55,343 thousand for the same period in 2024.
• Net Cash Provided by (Used in) Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $240,465 thousand, compared to net cash provided by financing activities of $122,154 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: As of September 30, 2025, the allowance for credit losses was $34,754 thousand, compared to $16,552 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: ChoiceOne Financial Services, Inc. plans to continue focusing on expanding its core banking operations, with a particular emphasis on increasing its loan portfolio and improving net interest income. The company aims to enhance its credit risk management practices to maintain a strong allowance for credit losses.
• Non-Core Business: The company completed the merger with Fentura Financial, Inc. on March 1, 2025, which is expected to provide additional growth opportunities and synergies in the coming years.