ChoiceOne Q2 FY26 net income falls 7.9% to $12.5 million; EPS drops 7.8% to $0.83 - COFS News | RalliesChoiceOne Q2 FY26 net income falls 7.9% to $12.5 million; EPS drops 7.8% to $0.83
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COFS• Quarterly results and key drivers
- ChoiceOne posted Q2 net income of $12.5 million, or $0.83 per diluted share, versus $13.5 million, or $0.90, a year earlier.
- Results included a pre-tax securities loss of about $1.9 million, cutting diluted EPS by about $0.10 as it repositioned municipal securities.
- GAAP net interest margin narrowed 7 basis points to 3.59% from Q1’s 3.63% as higher earning-asset yields were offset by higher funding costs.
- Core loans rose $87.1 million, or 11.9% annualized, including about $40 million of purchased adjustable-rate residential mortgages.
- CEO Kelly Potes cited loan growth, stable credit quality, continued capital accretion, and a focus on disciplined growth in the second half of 2026.
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