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ChoiceOne Reports Growth in Net Interest Income in Q3
"ChoiceOne delivered strong third quarter results, highlighted by expansion in our net interest margin and growth in net interest income," said Kelly Potes, Chief Executive Officer. "The improvement reflects the benefits of our disciplined balance sheet management and continued loan growth. We believe we are well positioned to build on this momentum as we move through the remainder of 2026."
ChoiceOne Reports Q2 Net Interest Margin of 3.63%
Reports Q2 net interest margin 3.63% vs. 3.67% last quarter. Q2 EPS included a pre-tax securities loss which reduced EPS by approximately 10c. Tangible book value per share was $21.73 from $20.77 at previous quarter end. Common equity Tier 1 capital ratio was 10.7% vs. 10.6% last quarter. "ChoiceOne delivered solid second quarter results, highlighted by loan growth, stable credit quality, and continued capital accretion," said CEO Kelly Potes. "Our disciplined approach to balance sheet management is improving our earning asset mix and interest rate positioning, while supporting continued momentum through the remainder of 2026."
ChoiceOne Financial Files $100M Mixed Securities Shelf
ChoiceOne Financial files $100M mixed securities shelf
ChoiceOne Q1 Nonperforming Loans Rise to 1.01%
Reports Q1 annualized net loan charge-offs to average loans of 0.01%. Nonperforming loans to total loans increased to 1.01% as of March 31, compared to 0.98% as of December 31, 2025. Notably, 0.61% of the nonperforming loans to total loans is attributed to certain purchased loans which were identified prior to the Merger as having credit deterioration. "ChoiceOne delivered solid first-quarter performance, driven by strong net interest income, continued balance-sheet and expense discipline, and stable credit quality. Our loan pipeline looks strong as we continue to grow organically through deep customer relationships and executing on our strategic priorities across Michigan," said Kelly Potes, CEO.
ChoiceOne Q4 Net Interest Margin Falls to 3.63%
Reports Q4 net interest margin on a tax-equivalent basis 3.63% vs. 3.77% in the previous quarter. Common equity Tier 1 capital ratio was 10.2% vs. 10.3% in the previous quarter. "2025 was a landmark year for ChoiceOne-not only because of the successful merger with Fentura and its subsidiary, The State Bank, but also due to our strong financial performance. These accomplishments are a direct result of the hard work and dedication of our exceptional team, whose efforts truly shined throughout the year" said Kelly Potes, CEO.
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