ChoiceOne Financial Services, I (COFS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ChoiceOne Financial Services, I

NasdaqCM•Financial Services•Banks - Regional

$33.36-0.44(-0.01%)Pre-market

Market Cap

$499.15M

P/E

9.1x

P/S

2.1x

P/B

1.0x

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan. The company offers time, savings, and demand deposits, safe deposits, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, commercial, consumer, and real estate loans; credit and other financial services; mortgage banking; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers insurance policies, such as life and health for commercial and consumer clients; and alternative investment products, which include annuities and mutual funds through a registered broker, as well as owns intellectual property for a fintech product. Further, it provides trust and wealth management services. It serves individual and business customers through its network of branches and ATMs. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

How this company scores

WeakMetricSide Score: 69/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality18/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.1x5y range 6.5x – 42.7x

Currently near its 20-quarter median.

P/S · 2.1x5y range 1.4x – 2.4x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.7x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $499.15M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $240.28M
Q. Revenue: $58.88M
TTM EBITDA: $87.32M
TTM Op. Income: $66.83M
Q. Op. Income: $15.04M
TTM Net Income: $54.72M
Q. Net Income: $12.46M
EPS: $0.83
Shares Out.: $14.96M

$240.28M in TTM revenue grew 35.1% YoY, reaching $58.88M last quarter. TTM EBITDA of $87.32M and TTM operating income of $66.83M show growth is flowing through to the bottom line. TTM net income of $54.72M means revenue is converting into profit. Over the past year, TTM revenue is up 35% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 70.7%
EBITDA Margin: 33.6%
Op. Margin: 25.5%
Net Margin: 21.2%

Op. margin of 25.5% is down 2.0% YoY — costs are rising relative to revenue. Net margin at 21.2% and gross margin of 70.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 7% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.1x
P/S Ratio: 2.1x
P/B Ratio: 1.0x

At 9.1x P/E, the stock trades below typical market levels. P/S of 2.1x and P/B of 1.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 70% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.46B
Cash: $88.65M
Long-Term Debt: $343.50M
Book Value: $482.68M
D/E Ratio: 0.7
Debt/EBITDA: 17.4

With $4.46B in assets and $343.50M in long-term debt, D/E is 0.7and book value is $482.68M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 25% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $29.94M
TTM Free Cash Flow: $51.04M
FCF Margin: 21.2%
FCF / Net Income: 0.9

TTM FCF of $51.04M on $29.94M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.