Revenue: As of FY2026 Q1, the actual value is USD 59.09 M.EPS: As of FY2026 Q1, the actual value is USD 0.91, beating the estimate of USD 0.8467.EBIT: As of FY2026 Q1, the actual value is USD -19.96 M.<h4>Net Income</h4>ChoiceOne Financial Services, Inc. reported net income of $13,704,000 for the three months ended March 31, 2026, compared to $13,867,000 for the three months ended December 31, 2025, and a net loss of - $13,906,000 for the three months ended March 31, 2025. Net income, excluding merger expenses net of taxes and merger-related provision for credit losses net of taxes, was $9,310,000 for the three months ended March 31, 2025. <h4>Revenue</h4>Total Interest Income: For the three months ended March 31, 2026, total interest income was $53,275,000. For the three months ended December 31, 2025, total interest income was $54,376,000. For the three months ended March 31, 2025, total interest income was $39,959,000. Loan interest income increased by $13.0 million in the first quarter of 2026 compared to the same period in 2025, but decreased by $975,000 compared to the fourth quarter of 2025. Total Noninterest Income: For the three months ended March 31, 2026, total noninterest income was $5,815,000. For the three months ended December 31, 2025, total noninterest income was $6,097,000. For the three months ended March 31, 2025, total noninterest income was $4,922,000. Noninterest income declined by $282,000 in the first quarter of 2026 compared to the fourth quarter of 2025. It increased by $893,000 compared to the first quarter of 2025. <h4>Operational Costs</h4>Total Interest Expense: For the three months ended March 31, 2026, total interest expense was $16,633,000. For the three months ended December 31, 2025, total interest expense was $17,536,000. For the three months ended March 31, 2025, total interest expense was $13,648,000. Interest expense on borrowings for the three months ended March 31, 2026, decreased by $9,000 compared to the same period in the prior year. Total Noninterest Expense: For the three months ended March 31, 2026, total noninterest expense was $25,776,000. For the three months ended December 31, 2025, total noninterest expense was $25,349,000. For the three months ended March 31, 2025, total noninterest expense was $35,665,000. Noninterest expense increased by $427,000 for the three months ended March 31, 2026, compared to the three months ended December 31, 2025. It declined by $9.9 million compared to the three months ended March 31, 2025. <h4>Operating Profit / Margin</h4>Net Interest Income (GAAP): For the three months ended March 31, 2026, Net Interest Income (GAAP) was $36,642,000. For the three months ended December 31, 2025, Net Interest Income (GAAP) was $36,840,000. For the three months ended March 31, 2025, Net Interest Income (GAAP) was $26,311,000. Net Interest Margin (GAAP): For the three months ended March 31, 2026, Net Interest Margin (GAAP) was 3.63%. For the three months ended December 31, 2025, Net Interest Margin (GAAP) was 3.59%. For the three months ended March 31, 2025, Net Interest Margin (GAAP) was 3.43%. Net Interest Margin (fully tax-equivalent): For the three months ended March 31, 2026, Net Interest Margin (fully tax-equivalent) was 3.67%. For the three months ended December 31, 2025, Net Interest Margin (fully tax-equivalent) was 3.63%. For the three months ended March 31, 2025, Net Interest Margin (fully tax-equivalent) was 3.48%. Efficiency Ratio: For the three months ended March 31, 2026, the Efficiency Ratio was 55.99%. For the three months ended December 31, 2025, the Efficiency Ratio was 54.12%. For the three months ended March 31, 2025, the Efficiency Ratio was 111.01%. <h4>Other Key Financial Metrics</h4>Total Assets: As of March 31, 2026, total assets were $4,394,565,000. As of March 31, 2025, total assets were $4,305,391,000. Total assets increased by $89.2 million compared to March 31, 2025. Shareholders’ Equity: As of March 31, 2026, shareholders’ equity was $470,001,000. As of March 31, 2025, shareholders’ equity was $427,068,000. Core Loans (excluding held for sale loans and mortgage warehouse advances): Core loans declined by $30.9 million, or an annualized 4.2%, during the first quarter of 2026. Core loans grew by $9.5 million, or 0.3%, during the twelve months ended March 31, 2026. Deposits (excluding brokered deposits): Deposits increased by $68.9 million, or an annualized 7.9%, during the first quarter of 2026. Deposits declined by $20.4 million as of March 31, 2026, compared to March 31, 2025. Annualized Cost of Funds: For the three months ended March 31, 2026, the annualized cost of funds was 1.73%. For the three months ended December 31, 2025, the annualized cost of funds was 1.79%. For the three months ended March 31, 2025, the annualized cost of funds was 1.86%. Annualized Cost of Deposits: For the three months ended March 31, 2026, the annualized cost of deposits was 1.54%. For the three months ended December 31, 2025, the annualized cost of deposits was 1.57%. For the three months ended March 31, 2025, the annualized cost of deposits was 1.59%. Allowance for Credit Losses to Total Loans (excluding held for sale): As of March 31, 2026, the allowance for credit losses to total loans was 1.19%. As of December 31, 2025, the allowance for credit losses to total loans was 1.18%. Nonperforming Loans to Total Loans (excluding held for sale): As of March 31, 2026, nonperforming loans to total loans were 1.01%. As of December 31, 2025, nonperforming loans to total loans were 0.98%. Annualized Net Loan Charge-offs to Average Loans: For the first quarter of 2026, annualized net loan charge-offs to average loans were 0.01%. For the fourth quarter of 2025, annualized net loan charge-offs to average loans were 0.04%. Capital Ratios (ChoiceOne Bank): Total capital (to risk weighted assets) as of March 31, 2026, was 12.9%. Total capital (to risk weighted assets) as of March 31, 2025, was 11.9%. ChoiceOne Bank continues to be “well-capitalized.” <h4>Outlook / Guidance</h4>ChoiceOne Financial Services, Inc. anticipates opening a full-service branch and lending office in Troy, MI, later in 2026 to foster growth in that market. Management plans to acquire similar sized transferable tax credits in 2026 to reduce tax expenses. The company remains committed to disciplined growth, strengthening customer relationships, and capitalizing on market opportunities throughout 2026.

ChoiceOne Financial Svc | 8-K: FY2026 Q1 Revenue: USD 59.09 M