ChoiceOne Financial reports Q3 adjusted EPS 93c, consensus 74c

Q3 GAAP net interest margin increased to 3.17% vs. 2.95% in Q2 2024, and 2.64% in Q3 2023.. “I am very pleased with the results of the third quarter of 2024, which highlight the growth in core loans and deposits driven by the success of our experienced team. The proactive management of our balance sheet has also resulted in improvements in our net interest margin in the third quarter and positions us to manage changing market conditions. We remain committed to our communities, customers, and stakeholders, and sincerely appreciate the trust they place in us as their local financial partner,” said CEO Kelly Potes.