ChoiceOne Financial Services, Inc. (COFS) Stock

ChoiceOne Financial Services, Inc. (COFS) is a Financials stock trading at $33.08 (as of 2026-08-21), with a market capitalization of $494.73M and a trailing P/E of 9.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

ChoiceOne Financial Services, Inc. is the bank holding company for ChoiceOne Bank, providing community banking services in Michigan to corporations, partnerships, and individuals. The company offers deposit products, safe deposit and automated transaction machine services, commercial and consumer lending, alternative investment products such as annuities and mutual funds, and sells certain insurance policies, operating full-service and loan production offices in multiple counties.

Understand ChoiceOne Financial Services, Inc.: how it makes money

ChoiceOne Financial Services operates as the bank holding company for ChoiceOne Bank, providing community banking in Michigan through deposit products and commercial and consumer loans, along with related services such as safe deposit and automated transaction machine services.

Profitability depends on the interest spread created by a given loan yield (Yield on Loans, 6.25%) versus funding costs (Annualized Cost of Deposits, 1.54%), supported by the bank's funding mix (Loan to Deposit Ratio, 81.62%).

Business quality (Strong): Strong visibility into operating drivers (credit, funding costs, and loan yields) via several explicit bank metrics, but there is no reportable segment revenue breakdown in the provided data.

Valuation: At 8× earnings, COFS trades 39% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Credit performance appears contained: Annualized Net Loan Charge-Offs (Recoveries) to Average Loans are 0.01%, and Nonperforming Loans (Includes OREO) are 0.0 USD_B.
Funding and earning metrics suggest room for spread: Yield on Loans is 6.25% versus Annualized Cost of Deposits of 1.54%, with a Loan to Deposit Ratio of 81.62%.

Bear case

Deposit base stability is a watch item: Deposits Excluding Brokered Deposits Declined by 0.1 USD_B, and Uninsured Deposits are 30.7% of deposits (Uninsured Deposits, Dollar Amount is 1.1 USD_B).
Loan growth momentum may be limited: Core Loans Decline Annualized Basis is 0.01 USD_B and Core Loans Decline is reported as 0.0 USD_B, indicating potential pressure on earning-asset growth.
Credit outcomes could worsen in specific loan pools: Nonperforming Loans Attributed to Purchased Loans with Credit Deterioration is 0.61%, which can signal elevated risk in that subset even if broader nonperforming balances are shown as 0.0 USD_B.

Valuation — source: SEC EDGAR (first-party)
Price	$33.08
Market Cap	$494.73M
P/E Ratio	9.0
EV / EBITDA	5.7
Price / Book	1.02
Price / Sales	2.04
FCF Yield	10.3%
DCF Value (model)	$37.07
DCF Upside vs Price	12.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$227.62M
Net Margin	12.4%
Revenue Growth (YoY)	12.7%
EPS Growth (YoY)	-7.8%
FCF Growth (YoY)	294.2%

Valuation vs Sector & Industry
Stock P/E	9.0
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0
vs Sector	-40.1%
vs Industry	-30.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($27.09M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Kelly J. Potes
Employees	605
Country	US
IPO Date	2001-06-21

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.