- ChoiceOne Financial Services, Inc. reported **net income of $14.681 million** and **diluted earnings per share of $0.97** for the third quarter ended September 30, 2025.  **[803164_0001193125-25-249366_cofs-ex99_1.htm:1]** 
- Total assets increased to **$4.3 billion** as of September 30, 2025, representing a **$1.6 billion increase** compared to September 30, 2024, primarily due to the **Fentura merger completed on March 1, 2025**.  **[803164_0001193125-25-249366_cofs-ex99_1.htm:2]** **[803164_0001193125-25-249366_cofs-ex99_1.htm:0]** 
- The GAAP net interest margin rose to **3.73%** in the third quarter of 2025, up from 3.17% in the same period of 2024, with GAAP net interest income reaching **$37.6 million**.  **[803164_0001193125-25-249366_cofs-ex99_1.htm:1]** 
- Asset quality remained strong, with annualized net loan charge-offs to average loans at **0.03%** and nonperforming loans to total loans (excluding held for sale) at **0.69%** as of September 30, 2025.  **[803164_0001193125-25-249366_cofs-ex99_1.htm:1]**

ChoiceOne Financial Services, Inc. Reports Strong Q3 2025 Results Driven by Fentura Merger

- ChoiceOne Financial Services reported **net income of $14.681 million** for the third quarter of 2025 and **$14.309 million** for the nine months ended September 30, 2025.  **[803164_20251024DE05868:0]** **[803164_20251024DE05868:1]**  **Diluted earnings per share** were **$0.97** for the quarter and **$1.05** for the nine-month period.  **[803164_20251024DE05868:0]** **[803164_20251024DE05868:1]** 
- The company's results were significantly influenced by the **merger with Fentura Financial, Inc.** on March 1, 2025, which added approximately **$1.8 billion in total assets**, **$1.4 billion in loans**, and **$1.4 billion in deposits**.  **[803164_20251024DE05868:0]**  Merger-related expenses, net of taxes, totaled **$13.9 million** for the nine months ended September 30, 2025.  **[803164_20251024DE05868:0]** 
- Total assets increased by **$1.6 billion** to **$4.3 billion** as of September 30, 2025, compared to the prior year, primarily due to the merger.  **[803164_20251024DE05868:1]**  Shareholders' equity also grew substantially to **$449.6 million** from $247.7 million a year prior.  **[803164_20251024DE05868:3]** 
- The **GAAP net interest margin increased to 3.73%** in the third quarter of 2025, up from 3.17% in the same period of 2024, with **GAAP net interest income reaching $37.6 million**.  **[803164_20251024DE05868:0]** 
- Asset quality remained strong, with annualized net loan charge-offs to average loans at **0.03%** and nonperforming loans to total loans at **0.69%** as of September 30, 2025.  **[803164_20251024DE05868:0]**

CHOICEONE FINANCIAL SERVICES (COFS)