ChoiceOne reports FY2024 results: ROAE 11.8%, core loan growth 8.2%; pending Fentura merger on track

CHOICEONE FINANCIAL SERVICES INC

2024-FY EPS reported $3.25 revenue$139,099,000

Total assets $2.72B, deposits $2.21B, gross loans $1.55B; market cap $319M as of 12/31/2024.
Core loan growth 8.2% YoY; NIM (tax-equivalent) 3.01%; ROAA 1.00%; adjusted ROAE 12.24%.
Pending merger with Fentura Financial (parent of The State Bank, $1.8B assets) expected close March 1, 2025.
Completed underwritten offering of 1.38M shares at $25.00 in July 2024 for $34.5M gross proceeds.
Asset quality: NPLs/loans 0.27%, ACL 1.07%, net charge-offs 0.03%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.