ChoiceOne Financial Services Reports Third Quarter 2026 Net Income of $14.5 Million
ChoiceOne Financial Services, Inc. (NASDAQ: COFS) reported its third quarter 2026 financial results, posting a net income of $14.5 million, or $0.97 per diluted share. This performance was characterized by an expansion in the GAAP net interest margin to 3.67%, up 8 basis points from the previous quarter, driven by steady funding costs and robust loan production. The company saw significant deposit growth, with non-brokered deposits increasing by $95.7 million (an annualized 10.9%) during the quarter. Total assets reached $4.5 billion as of September 30, 2026, up from the previous year. Management attributed the positive momentum to disciplined balance sheet management and continued growth in core loans.
Topics: asset quality deposit growth loan growth net income net interest margin