ChoiceOne Financial Services
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. ChoiceOne Financial Services's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1% to $80,641,000. Profit margin reached 26%. Total operating expenses were $48,328,000.
Profit Margin
| 2014 | 24.66M | 5.69M | 23.09% |
|---|---|---|---|
| 2015 | 26.06M | 5.74M | 22.03% |
| 2016 | 27.22M | 6.09M | 22.37% |
| 2017 | 27.46M | 6.16M | 22.46% |
| 2018 | 28.98M | 7.33M | 25.3% |
| 2019 | 36.89M | 7.17M | 19.44% |
| 2020 | 73.76M | 15.61M | 21.17% |
| 2021 | 79.83M | 22.04M | 27.61% |
| 2022 | 81.38M | 23.64M | 29.05% |
| 2023 | 80.64M | 21.26M | 26.37% |
COFS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 80.64M | 81.38M | 79.83M | 73.76M | 36.89M | 28.98M | 27.46M | 27.22M | 26.06M | 24.66M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 80.64M | 81.38M | 79.83M | 73.76M | 36.89M | 28.98M | 27.46M | 27.22M | 26.06M | 24.66M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 721K | 764K | 848K | 588K | 528K | 308K | 298K | 222K | 253K | 275K |
Total operating expenses | 48.32M | 2.93M | -53.33M | -54.88M | -28.42M | -18.03M | 6.18M | 6.40M | 18.27M | 16.79M |
Operating income | 25.56M | 35.40M | 26.49M | 18.88M | 8.46M | 10.94M | 8.55M | 8.25M | 7.68M | 7.77M |
Other income (expenses), net | 0 | -7.74M | 26.49M | 0 | 8.46M | -2.46M | 0 | 8.25M | 0 | 0 |
Income before tax | 25.56M | 27.65M | 26.49M | 18.88M | 8.46M | 8.48M | 8.55M | 8.25M | 7.68M | 7.77M |
Income tax expense | 4.30M | 4.01M | 4.45M | 3.27M | 1.29M | 1.15M | 2.38M | 2.16M | 1.94M | 2.07M |
Net income | 21.26M | 23.64M | 22.04M | 15.61M | 7.17M | 7.33M | 6.16M | 6.09M | 5.74M | 5.69M |
Earnings per share | ||||||||||
Basic EPS | 2.82 | 3.15 | 2.87 | 2.08 | 1.58 | 2.03 | 1.7 | 1.68 | 1.58 | 1.57 |
Diluted EPS | 2.81 | 3.14 | 2.86 | 2.07 | 1.58 | 2.02 | 1.7 | 1.68 | 1.58 | 1.56 |
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