ChoiceOne Q1 FY26 net income returns to profit at $13.7 million

• ChoiceOne Financial Services posted net income of USD 13.7 million, returning to profit from a net loss of USD 13.91 million; diluted EPS was USD 0.91.
• Total assets rose to USD 4.4 billion, up USD 89.2 million from a year earlier; core loans fell USD 30.9 million in the quarter.
• GAAP net interest income was USD 36.64 million; GAAP net interest margin widened 20 basis points from a year earlier to 3.63%.
• Credit costs eased with no provision for credit losses on loans; allowance for credit losses was 1.19% of total loans excluding loans held for sale.
• Exited USD 351 million of pay-fixed interest rate swaps, generating a USD 4.6 million realized gain to be amortized into interest expense over about six years; expects to open a full-service branch and lending office in Troy, Michigan later in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ChoiceOne Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-216698), on May 11, 2026, and is solely responsible for the information contained therein.