Choiceone Financial Services Inc Q1 FY2022 Earnings Call

Choiceone Financial Services Inc (COFS)

Earnings Call FY2022 Q1 Call date: 2022-04-29 Concluded

Quarter scorecard

Revenue

$2.72M

+9% YoY

Diluted EPS

$0.74

-7.5% YoY

Net income

$5.53M

-11.4% YoY

Interchange Income $1.16M

+2%

Service Charges and Fees on Deposit Accounts $1.03M

+31.3%

Investment Commission Income $205,000

-13.1%

Trust Fee Income $178,000

+2.9%

Other Charges and Fees for Customer Services $148,000

-10.8%

Buybacks

$682,000

Shares repurchased

25,899