ChoiceOne reports Q2 net income of $12.5M, core loan growth of 11.9% annualized

Filed July 24, 2026 · Period ending July 24, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income was $12.5M ($0.83/share), down from $13.5M ($0.90/share) in Q2 2025; year-to-date net income of $26.2M ($1.74/share) versus a $372K loss in H1 2025, reflecting absence of prior-year merger costs.

  Exhibit 99.1 view on EDGAR →
• high

  Core loans grew $87.1M (11.9% annualized) in Q2, including $40M from a bulk purchase of seasoned adjustable-rate residential mortgages from another community bank; remainder from organic production.

  Exhibit 99.1 view on EDGAR →
• medium

  Sold $25M of municipal securities yielding 2.28% (tax-equivalent) for a $1.9M pre-tax loss, reducing Q2 EPS by $0.10, to fund loan growth and improve interest rate profile.

  Exhibit 99.1 view on EDGAR →