ChoiceOne Financial Services (ChoiceOne Financial Services) Pre-Tax Income : $25.57 Mil (TTM As of Dec. 2023)

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What is ChoiceOne Financial Services Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. ChoiceOne Financial Services's pretax income for the three months ended in Dec. 2023 was $6.45 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $25.57 Mil. ChoiceOne Financial Services's pretax margin was 31.30%.

During the past 13 years, ChoiceOne Financial Services's highest Pretax Margin was 33.98%. The lowest was 22.91%. And the median was 30.73%.

ChoiceOne Financial Services Pre-Tax Income Historical Data

The historical data trend for ChoiceOne Financial Services's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ChoiceOne Financial Services Pre-Tax Income Chart

ChoiceOne Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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8.47

18.89

26.50

27.66

25.57

ChoiceOne Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial															7.75	6.66	6.25	6.20	6.45

Competitive Comparison of ChoiceOne Financial Services's Pre-Tax Income

For the Banks - Regional subindustry, ChoiceOne Financial Services's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ChoiceOne Financial Services's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's Pre-Tax Income falls into.

ChoiceOne Financial Services Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

ChoiceOne Financial Services's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	25.567
	=	25.57

ChoiceOne Financial Services's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	6.449
	=	6.45

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.57 Mil.

ChoiceOne Financial Services (NAS:COFS) Pre-Tax Income Explanation

ChoiceOne Financial Services's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	6.449	/	20.602
	=	31.30%

During the past 13 years, ChoiceOne Financial Services's highest Pretax Margin was 33.98%. The lowest was 22.91%. And the median was 30.73%.

ChoiceOne Financial Services Pre-Tax Income Related Terms

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ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula	officer: S.V.P. - ChoiceOne Bank (Sub)	109 EAST DIVISION STREET, SPARTA MI 49345