Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $89.1M | $114M | $139M | $228M |
| Revenue growth | — | — | — | — | — | — | — | 27.8% | 22.1% | 63.6% |
| Net income | $6.09M | $6.17M | $7.33M | $7.17M | $15.6M | $22.0M | $23.6M | $21.3M | $26.7M | $28.2M |
| Net margin | — | — | — | — | — | — | 26.5% | 18.7% | 19.2% | 12.4% |
| EPS (diluted) | $1.68 | $1.70 | $2.02 | $1.58 | $2.07 | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.9M | $8.09M | $9.96M | $9.20M | $8.48M | $37.7M | $44.3M | $46.3M | $47.1M | $31.8M |
| Capital expenditures | $1.82M | $1.66M | $4.21M | $766K | $1.85M | $2.76M | $1.16M | $4.23M | $1.71M | $6.63M |
| Free cash flow | $9.11M | $6.43M | $5.75M | $8.44M | $6.63M | $34.9M | $43.2M | $42.1M | $45.4M | $25.2M |
| Share buybacks | $794K | $203K | $523K | $67.0K | $0.00 | $7.79M | $682K | $0.00 | $0.00 | $2.68M |
| Dividends paid | $2.23M | $2.32M | $2.58M | $5.82M | $6.17M | $7.20M | $7.58M | $7.91M | $9.01M | $16.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.8M | $36.8M | $19.7M | $59.6M | $79.5M | $31.9M | $43.9M | $55.4M | $96.8M | $88.0M |
| Total assets | $607M | $647M | $671M | $1.39B | $1.92B | $2.37B | $2.39B | $2.58B | $2.72B | $4.41B |
| Total liabilities | $536M | $570M | $590M | $1.19B | $1.69B | $2.15B | $2.22B | $2.38B | $2.46B | $3.95B |
| Shareholders' equity | $71.7M | $76.5M | $80.5M | $192M | $227M | $222M | $161M | $196M | $260M | $465M |
| Retained earnings | $26.0M | $26.0M | $26.7M | $28.1M | $37.5M | $52.3M | $68.4M | $73.7M | $91.4M | $103M |
| Shares (wtd avg diluted) | 3.62M | 3.63M | 3.63M | 4.54M | 7.53M | 7.70M | 7.53M | 7.57M | 8.22M | 14.0M |
Every figure is extracted from CHOICEONE FINANCIAL SERVICES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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