ChoiceOne Reports Third Quarter 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Source: PRnewswire
Merger Impact: ChoiceOne Financial Services completed the merger with Fentura Financial, significantly increasing total assets to $4.3 billion and resulting in net income of $14.7 million for Q3 2025, compared to $7.3 million in Q3 2024.
Financial Performance: The company reported diluted earnings per share of $0.97 for Q3 2025, up from $0.85 in the same period last year, with a notable increase in net interest income driven by the merger.
Asset Quality: ChoiceOne maintained strong asset quality, with nonperforming loans at 0.69% of total loans and annualized net loan charge-offs at just 0.03% as of September 30, 2025.
Future Outlook: Management expressed confidence in ongoing growth and value creation for stakeholders, emphasizing a focus on core business operations following the merger.
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About COFS
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank and The State Bank. It operates 56 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, Genesee, Jackson, Livingston, Ingham, Saginaw, Shiawassee, and Bay counties. It offers deposit, payment, credit and other financial services to all types of customers. Its services include time, savings, and demand deposits, safe deposit services, and automated transaction machine services. Commercial lending covers such categories as business, industry, agricultural, construction, inventory, and real estate. It provides services to small businesses and consumers in West, Central and Southeast Michigan a line of products and services delivered through a retail network including digital and branch banking. It offers insurance and investment products through ChoiceOne Insurance Agencies, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ChoiceOne Bank Launches Annual Scholarship Program for Students
- Scholarship Program Launch: ChoiceOne Bank has announced that applications are now open for its 2026 scholarship program, offering $1,000 each to 19 high school seniors from local Michigan communities to support their higher education pursuits.
- Eligibility Criteria: The program is designed for graduating seniors, GED recipients, and homeschooled students with high school equivalency documentation who plan to attend an accredited Michigan college in the fall of 2026, encouraging and rewarding local talent.
- Application Requirements: Applicants must submit a 500-word essay detailing their community service experiences and supporting documents by March 8, with scholarships paid directly to the chosen college, thereby alleviating financial burdens on students.
- Community Commitment: ChoiceOne Bank President Michael J. Burke, Jr. emphasized the bank's commitment to helping students continue their education, reflecting its responsibility to invest in future community leaders and mitigate the financial pressures of college attendance.
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ChoiceOne Bank Partners with FHLBank to Fund $1 Million Housing Initiative
- Funding Support: ChoiceOne Bank, in partnership with the Federal Home Loan Bank of Indianapolis, has awarded a $1 million Affordable Housing Program (AHP) grant to Fresh Coast Alliance, aimed at enhancing housing stability and supporting low-income families.
- Housing Expansion: The grant will fund renovations to four of Fresh Coast Alliance's sober living homes, increasing housing capacity by 10%, thereby providing additional beds for men and women rebuilding their lives after incarceration or addiction.
- Community Commitment: ChoiceOne CEO Kelly Potes emphasized that this partnership represents more than just financial support; it reflects a shared commitment to dignity and long-term success, sending a powerful message about the community's belief in second chances.
- Education and Development: ChoiceOne Bank plans to donate to Fresh Coast Alliance and initiate financial education classes, further investing in the community and promoting neighborhood development and healthier communities.
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