---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-116631"
form_type: "8-K"
ticker: "COFS"
cik: "0000803164"
company_name: "CHOICEONE FINANCIAL SERVICES INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:18:07.027768+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ChoiceOne Q3 net income $7.3M (+43% YoY), EPS $0.85, NIM expands to 3.17%

## Summary
- Net income $7.348M vs $5.122M YoY (+43.5%); diluted EPS $0.85 ($0.93 adjusted for merger costs).
- GAAP NIM 3.17% (up from 2.95% Q2 2024, 2.64% Q3 2023); net interest income $20.2M.
- Core loan organic growth $64.5M (18.4% annualized); deposits ex-brokered up $102.1M (19.5% annualized).
- Nonperforming loans 0.19% of total loans; net charge-offs 0.02% annualized.
- Completed $34.5M capital raise (1.38M shares at $25) and announced merger with Fentura ($1.8B assets).

## SEC filing metadata
- accession: 0000950170-24-116631
- form_type: 8-K
- ticker: COFS
- cik: 0000803164
- company_name: CHOICEONE FINANCIAL SERVICES INC
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803164/000095017024116631/0000950170-24-116631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803164/000095017024116631/cofs-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-116631
- JSON: https://secwatch.observer/filing/0000950170-24-116631.json
- Plain text: https://secwatch.observer/filing/0000950170-24-116631.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.