ChoiceOne Financial's Q3 profit nearly doubles post Fentura merger

ChoiceOne Financial Services

24/10/2025 12:40

Overview

ChoiceOne Q3 net income nearly doubles yr/yr, reaching $14.7 mln

Net interest income rises to $37.6 mln, driven by merger impact

Core loans decline 1.4% annualized in Q3, grew 4.5% over 12 months

Outlook

Company estimates interest income from accretion at $2.3 mln for remainder of 2025

Company anticipates $8.2 mln interest income from accretion in 2026

Result Drivers

MERGER IMPACT - Merger with Fentura Financial significantly increased net interest income and net interest margin due to additional interest income from acquired loans

DEPOSIT SHIFT - Shift from non-interest-bearing to interest-bearing demand deposits due to quarter-end timing and business fluctuations

CORE LOANS DECLINE - Core loans declined by $10.3 million or 1.4% on an annualized basis during Q3 2025

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.97
Q3 Net Income
$14.68 mln
Q3 Net Interest Income
$37.59 mln
Q3 Basic EPS
$0.98
Q3 Pretax Profit
$18.32 mln
Q3 Provision for Credit Losses
$200,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for ChoiceOne Financial Services Inc is $36.00, about 23.8% above its October 23 closing price of $27.43

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPn21gCRMa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)