ChoiceOne Financial Services Inc

NASDAQ COFS

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ChoiceOne Financial Services Inc Return on Assets (ROA) 3 year CAGR for the quarter ending March 31, 2024: -0.41%

ChoiceOne Financial Services Inc Return on Assets (ROA) 3 year CAGR is -0.41% for the quarter ending March 31, 2024, a -391.55% change year over year. Return on assets (ROA) measures the profitability of a company relative to its total assets. It is calculated by dividing the net income by the total assets. This ratio indicates how effectively a company utilizes its assets to generate profits. A higher ROA suggests a more efficient use of assets and indicates better profitability. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

ChoiceOne Financial Services Inc Return on Assets (ROA) for the quarter ending March 31, 2023 was 0.23%, a 0.50% change year over year.
ChoiceOne Financial Services Inc Return on Assets (ROA) for the quarter ending March 31, 2022 was 0.23%, a 8.91% change year over year.
ChoiceOne Financial Services Inc Return on Assets (ROA) for the quarter ending March 31, 2021 was 0.21%, a -8.25% change year over year.
ChoiceOne Financial Services Inc Return on Assets (ROA) for the quarter ending March 31, 2020 was 0.23%, a -4.67% change year over year.

NASDAQ: COFS

ChoiceOne Financial Services Inc

CEO	Mr. Kelly J. Potes CFP
IPO Date	Dec. 31, 2001
Location	United States
Headquarters	109 East Division Street, Sparta, MI, United States, 49345
Employees	367
Sector	Financial Services
Industry	Banks - regional

Description

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

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