ChoiceOne Financial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:02 pm EDT
Share
ChoiceOne Financial Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 16.09 million compared to USD 16.29 million a year ago. Net income was USD 5.21 million compared to USD 5.62 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.75 a year ago.
For the six months, net interest income was USD 33.1 million compared to USD 32.61 million a year ago. Net income was USD 10.85 million compared to USD 11.14 million a year ago. Basic earnings per share from continuing operations was USD 1.44 compared to USD 1.49 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 1.49 a year ago.
ChoiceOne Financial Services, Inc. is a financial holding company of ChoiceOne Bank (the Bank). The Company's subsidiary, ChoiceOne Bank is a full-service banking institution that offers a range of deposit, payment, credit, and other financial services to all types of customers. Its services include time, savings, demand deposits, safe deposit services and automated transaction machine services. The Bank offers both commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending covers categories, such as business, industry, agricultural, construction, inventory, and real estate. The Bank's consumer loan department makes direct and indirect loans to consumers and purchasers of residential and real property. In addition, the Bank offers trust and wealth management services. The Bank's primary market area lies within Kent, Muskegon, Newaygo and Ottawa counties in western Michigan and Lapeer, Macomb, and St. Clair counties in southeastern Michigan.
CHOICEONE FINANCIAL SERVICES, INC. 
