Quarterly ResultApr 24, 2026, 07:51 AM
ChoiceOne Reports Q1 2026 Net Income of $13.7M, EPS $0.91
AI Summary
ChoiceOne Financial Services, Inc. reported net income of $13,704,000 for the first quarter of 2026, resulting in diluted earnings per share of $0.91. This represents a slight decrease from the $13,867,000 net income and $0.92 diluted EPS reported in the fourth quarter of 2025. However, the results show a significant improvement compared to the net loss of $13,906,000 and diluted loss per share of $1.29 in the first quarter of 2025, which was impacted by the merger with Fentura Financial, Inc.
Key Highlights
- Net income for Q1 2026 was $13,704,000.
- Diluted EPS for Q1 2026 was $0.91.
- Net income decreased from $13,867,000 in Q4 2025.
- Diluted EPS decreased from $0.92 in Q4 2025.
- Q1 2026 net income improved significantly from a $13,906,000 net loss in Q1 2025.