Choiceone Financial Services Inc Q1 FY2023 Earnings Call

Choiceone Financial Services Inc (COFS)

Earnings Call FY2023 Q1 Call date: 2023-04-26 Concluded

Quarter scorecard

Revenue

$2.78M

+2.4% YoY

Diluted EPS

$0.75

+1.4% YoY

Net income

$5.63M

+1.9% YoY

Interchange Income $1.24M

+7.1%

Service Charges and Fees on Deposit Accounts $1.03M

-0.4%

Investment Commission Income $196,000

-4.4%

Trust Fee Income $184,000

+3.4%

Other Charges and Fees for Customer Services $137,000

-7.4%

Buybacks

Shares repurchased