Choiceone Financial Services Inc Q1 FY2021 Earnings Call

Choiceone Financial Services Inc (COFS)

Earnings Call FY2021 Q1 Call date: 2021-04-21 Concluded

Quarter scorecard

Revenue

$2.50M

+9.4% YoY

Diluted EPS

$0.80

+77.8% YoY

Net income

$6.24M

+91.7% YoY

Interchange Income $1.14M

+35.8%

Service Charges and Fees on Deposit Accounts $785,000

-22.2%

Investment Commission Income $236,000

+98.3%

Trust Fee Income $173,000

+1.8%

Other Charges and Fees for Customer Services $166,000

+12.9%