Choiceone Financial Services Inc Q2 FY2023 Earnings Call

Choiceone Financial Services Inc (COFS)

Earnings Call FY2023 Q2 Call date: 2023-07-26 Concluded

Quarter scorecard

Revenue

$2.79M

-3.2% YoY

Diluted EPS

$0.69

-8% YoY

Net income

$5.21M

-7.2% YoY

Interchange Income $1.17M

-11.5%

Service Charges and Fees on Deposit Accounts $1.10M

+6.7%

Trust Fee Income $196,000

+11.4%

Investment Commission Income $172,000

-26.2%

Other Charges and Fees for Customer Services $155,000

+24%

Buybacks (derived)

Shares repurchased